October 9, 2025 • 15 mins
Friday 10 October 2025
The federal government considers changing key policies, including higher taxation of high superannuation balances.
And more, including:
- The Middle East takes a large step towards peace
- Donald Trump’s polling numbers slide
- And the value of Pokemon cards hit a record high
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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.
The Federal government considers changing key policies, including higher taxation
of high superannuation balances. The Middle East takes a large
step towards peace with a deal to release all remaining
hostages in Gaza, and the Australian University's climb, the global
rankings plus Donald Trump's polling numbers slide, and the value
(00:29):
of Pokemon cards hit a record high. It's Friday, the
tenth of October twenty twenty five. I'm Adam Lang and
good morning Sean Almer.
Speaker 2 (00:37):
Good morning Adam, Sean.
Speaker 1 (00:39):
The main story this morning, the Federal government is clearly
considering changes to key policies, including its delayed legislation to
increase taxes on high superannuation balances.
Speaker 2 (00:51):
That piece of policy the government has fought for really hard,
despite plenty of criticism. It emerged yesterday the Federal Treasury
is considering changes to the proposal, which is set to
impose a new tax on superbalances above three million dollars.
Appearing before a Senate Estimates hearing, Diane Brown, the Deputy
Secretary of the Revenue Division, also revealed that the Prime
(01:13):
Minister's office had taken interest in the legislation, which is
supposed to be the purview of treasure Jim Chalmers. MS
Brown would not divulge the details of the conversations, although
it did say that they are about concessions and concerns
that stakeholders have raised, according to the Finn Review. Early
last month, the Albanezi government hit pause and plans to
impose an extra fifteen percent tax on superbalances above three
(01:36):
million dollars. The chief criticisms of the bill are that
the three million dollars is not indexed and that the
tax will apply to unrealized gains on properties, farms, businesses
other illiquid assets held in self managed funds.
Speaker 1 (01:50):
Treasury is also in discussions with the government about reviewing
the annual superannuation performance test, which the industry claims has
limited its ability to back innovative startups or nationally significant
projects like housing.
Speaker 2 (02:05):
The pointy headed main story today, no doubt, Adam.
Speaker 1 (02:09):
I'm sure you're in my domain surance.
Speaker 2 (02:11):
Yeah, we're talking about reform. This is really significant. So
the idea behind the Opera ranking of funds was that
it would weed out underperforming funds and cut fees so
you know all good intentions. Opera ranks funds based on
the yearly and long term returns of their investments, net
of fees, and against the benchmark created by it by
(02:33):
the regulator itself. If a fund continues to underform, the
consequences are pretty severe. In the first instance, it's got
a right to member saying, hey, we're producing subpar returns.
In the second instance, it can't take new members, right,
So all that sort of makes sense in theory. What's
actually happened to some extent is that funds have become
(02:55):
really conservative. They've sort of hindered creative investing because they're
all fear under performance. You underperform one year, for example,
pushes your rankings down. You're in all sorts of trouble.
It's basically encouraged funds to passively track share market indices
rather than actively allocate capital to assets that take sort
(03:16):
of longer time to provide a return. So it might
be a startup. You can't invest in the startup if
you're a super fund because that might be five years
before you get a good return, or biotechs or private
companies that type of thing. So yesterday's Senate estimates heard
that officials were in talks with the government about the
form of a review after I mean Jim Charms did
mention this in August, but to review that particular plan,
(03:39):
it would be a very significant change for the super
industry if that happens, with potential flow on effects for
investing in kind of more alternative assets. Did you enjoy that,
Adam or not.
Speaker 1 (03:49):
Yeah, it took me back to almost biblical lessons on
the road to Hell is paved with good intentions.
Speaker 2 (03:54):
That's nice. I wonder whether that came out and sent
it estallence yesterday. Probably not.
Speaker 1 (04:01):
Let's move on. Israel and Hamas have officially signed a
ceasefire deal in Egypt after US President Donald Trump announced
the two sides had agreed to the deal that would
release all Israeli hostages in the first step towards what
he called a strong, durable, and everlasting peace.
Speaker 2 (04:20):
According to the agreement, Israel will remain in fifty three
percent of the Gaza strip until the last of the
hostages is released. That's according to Israel's Channel twelve. The
surviving hostages will be freed over the weekend, with the
dead hostages handed over on Monday. That are believed to
be forty eight hostages, twenty of whom are still alive.
As happened in the last ceasefire, six hundred eight trucks
(04:41):
a day will also be allowed into Gaza Hamas early confirmed,
a broad deal had been reached to end the war,
allow more humanitarian aid, and facilitate a prisoner exchange. The
agreement marks a significant breakthrough in Trump's renewed push to
end the conflict, which has killed tens of thousands of
people and triggered a wave of conflict across the region.
Israeli Prime Minister Benjamin Netta, who said he would convene
(05:04):
his government overnight to approve the agreement and bring all
our beloved hostages home. Prime Minister Anthony Alberinezi and Foreign
Minster Penny Wong both welcomed Israel and Tamas's moves to
sign off on the first phase of the gas at
Peace plan.
Speaker 1 (05:17):
Fingers crossed, Yeah, Sean, let's hope that's some great news
on one of the great conflicts of our lifetimes. Amongst that,
how did the ASEX perform yesterday?
Speaker 2 (05:28):
There's in PASEX two hundred closed up a quarter of percent,
Adam to eighty nine hundred and seventy points. Materials for
the best performing sector, Banks and tech not so good.
Copper miners did well, with a red metal hitting a
sixteen month high yesterday. BHP and RIO are both rallied
on the news. Lithium miners also did pretty well. Gold
and silver miners not so much about of profit taking
(05:49):
in those sectors.
Speaker 1 (05:50):
And finishing the market section on a slightly less obvious
asset class Sean. Pokemon cards are back if they have left,
with some Mint cards having appreciated three thousand percent since
two thousand and four, strangely enough, much better than equities.
Speaker 2 (06:06):
Indeed, the card that you might have bought in a
pack for five bucks twenty years ago.
Speaker 1 (06:11):
Sure, let me be honest, I didn't, Adam. Can we
just go with it?
Speaker 2 (06:16):
Stop blocking? Right? Neither did? It's not all Michael Thompson
might have. Let's be honest. Yeah, probably that five dollars
card could be one of your great investments. According to
stories on US network, CBS and the Wall Street Journal,
Pokemon cards, if you don't know about them, there were
a game that people play and compete within tournaments, but
(06:37):
the money actually comes from collecting the cards. COVID was
really good to Pokemon. At the beginning of the pandemic,
they were pretty much at their lowest value. End of
the pandemic, they are at their highest value. Buyers grade
cards on their condition. Typically they're on a one to
ten scale. A mint condition ten grade fetches the most money.
Very few of those plenty of grade threes or fours,
(06:59):
of course. In twenty twenty, youtubeer Logan Paul famously purchased
a Pokemon card from another collector for one hundred and
fifty thousand dollars, highest paid card ever. It was a
ten grade first edition Charryzard and I'm sorry for all
you Pokemon lovers if I'm not saying the right word.
Charryzard considered the holy grail of Pokemon cards. The most
(07:21):
expensive cards have a holographic foil on artwork that makes
them shiny and attractive. Literally. There have been stories of
collectors selling these holographic cards and being able to make
a deposit on a home. Anyway, Pokemon cards value at a.
Speaker 1 (07:36):
Record Sean, can you believe it that Michael Thompson is
on leave when we're talking about a Charhizard card?
Speaker 2 (07:43):
Yeah, I think it's probably appropriate because otherwise this shell
would go for an extra fifteen minutes. You know all
I'm saying, forget gold, forget copper, forget silver and Pokemon cards.
Speaker 1 (07:55):
Come on, We'll be back in a moment with the
rest of the day's business news. Mexican themed fast food
chain Goosman Egomes has reported a nineteen percent jump in
sales during the September quarter and will turn one hundred
million dollars to shareholders through an on market buyback.
Speaker 2 (08:18):
Gusman said sales hit three hundred and thirty one million
dollars for the first quarter of the financial year, driven
by growth in Australia and its emerging US business, comparable
sales for about four percent. The updates an improvement from
its earlier upgrades, though still not at the level of
previous expectations. During the September quarter, the company opened five
new restaurants, three in Australia, one in Singapore, and one
(08:40):
in the US, bringing its total stores to two hundred
and sixty one. The announced one hundred million dollar share
buyback will be conducted over a twelve month period. Goosman's
shares were up yesterday, down about one third over the
past year.
Speaker 1 (08:55):
Sean in the entire September quarter. Have you bought any
Guzman and Gomez in Australia?
Speaker 2 (09:05):
Personally, I'm sure my children would have I'm sure my kids.
Speaker 1 (09:07):
Good point, and thank you and the family for supporting
the economy. If you want to follow the money, then
watching where the big super funds are investing is not
a bad start. Australia's largest superannuation fund, Australian Super, has
been buying up Telstra and Health Insuran Medibank and dumping
CSL and Woolworth.
Speaker 2 (09:27):
Osie Super manages almost four hundred billion dollars for three
and a half million members, and it's twice a year
snapshot of what it owns shows the shifts in its portfolio.
I mean, of course, I suppose on that basis, rather
than following the money, investor might be chasing the money
in this case, because I was Super made these changes
in the first half of twenty twenty five. The superannuation
fund's most popular balanced portfolio, which covers about two hundred
(09:49):
and fifty billion dollars in retirement savings, bought two hundred
million shares in Telstra in the first six months of
the year, means it owns about a billion dollars worth
of Telstra shares the end of last year was just
eighty millions, so they've gone heavy into telstraum Oz super
is also significantly upping it's exposed to health insurance Medibank.
The super fund now owns about eight percent of the
(10:11):
insurance provider. The funds that balanced portfolio trimmed about ten
percent of its steak in CSL, apparently worried about the
uncertain outlook for the business. Probably been a good investment
that one. This one as well, also wound back its
exposure to Woolworths, offloading about a third of its forty
five million share stake held in the balanced to fund.
(10:31):
The new data also shows a balanced fund cut at
stakes in IDP Education and wise Tech Global in the ladder,
offloading about five hundred million dollars in shares. Now, of
course we're not an investing podcast, and this all happens
the first half of the year, so don't go rushing
to do any of this. Actually speak to a financial advisor.
Speaker 1 (10:53):
Yeah, get good advice that's appropriate for you. Sean earlier,
we were speaking of Woolworths and there is a growing
disparatey between the two big supermarkets Woolies and Coals, with
the former's share price training at a six year low
and the latter not far off an all time high.
Speaker 2 (11:11):
It's not one of the surprising share market stories of
twenty twenty five, with Coals forever the number two supermarket
change now almost on par with Woolies in market capitalization terms.
Coals up nearly thirty percent in the past year. Woollies
is down more than twenty percent. What it does show
not all defensive investments are the same. So you know,
(11:33):
people say buy a defensive stock wools and Coals, for example, But.
Speaker 1 (11:38):
Once offensive is in the eye of the beholder, right.
Speaker 2 (11:41):
Yeah, yeah, well, well, in the performance of the stock,
probably it's And mostly this is a story about Wool's
underperformance with a little bit of Coals over performance. Investors
didn't like its FY twenty twenty five results and on
the day of the announcement it fell fifteen percent. Not
only has it not recovered, it's actually gotten worse. The
red flags for investors comes from the Australian food segment,
(12:03):
which generates most of the earnings. Compare that to Coals.
It beats market expectations, or did for both net profit
and dividends stronger than expected. Trading update. It did really well,
but it's probably the story thus far this year is
just the disparity between coals and woolies, which theoretically are
both defensive stocks.
Speaker 1 (12:24):
Sean turning to education, one of our biggest earnings exports,
and six Australian universities are ranked in the top one
hundred worldwide, with the University of Melbourne rated the best
Australian institution.
Speaker 2 (12:39):
Yes it ranked thirty seven globally, up from thirty nine
last year. According to the highly regarded Times rankings, it
achieved near perfect schools for research excellence and influence as
well as teaching quality. Australia's oldest institution, the University of Sydney,
has jumped from sixty one to fifty three. Minash is
at fifty eight. Others in the top one hundred, where
the Australian University, the University of New South Wales and
(13:02):
the University of Queensland ten Australian university's rank in the
world's top two hundred. Oxford University in England comes in
at number one, followed by MIT the Massachusetts Institute of
Technology in the US, and then equal third Princeton and Cambridge.
Speaker 1 (13:18):
Sewn in International News. US President Donald Trump's polling numbers
actually continue to slide, though not as quickly as they
were ahead of the northern summer.
Speaker 2 (13:28):
As you can imagine, there are many many poles in
the US, and the New York Clients compiles them and
averages things out. The average of polls shows Trump with
a disapproval rating of fifty four percent and an approval
rating of forty three percent. That is ahead of the
news about Gaza, so that will be interesting to see
what happens there. Trump started off with pretty even approval
(13:50):
disapproval numbers. They deteriorated in the first six months of
his tenure. They'll have stabilized somewhat since July, after two
hundred and sixty one days in the job. Trump's approval
is lower than where Joe Biden's approval rating was at
the time, slightly better than where he was himself in
his first time, and way below Barack Obama's ratings and
(14:11):
George W. Bush's ratings, although Bush was affected by the
nine to eleven tragedy.
Speaker 1 (14:16):
Sean Up next is The Fear and Greed Q and
eight with Morning Stars Lachlan Halloway tell us about the interview.
Speaker 2 (14:23):
So we start off talking about whether or not the
market is overvalued, and sort of the inference from Lachlan
is that it's getting close. If it's not, it's getting
very close. And then I ask him about the world.
Then he provides three large cap stocks and his view
on them, and it's really interesting. We're talking about Woolies
and he talks about Woolies and whether, given how far
(14:45):
it's fallen, whether it's worth buying at the moment. And
he talks about Santas and says l two other really
sold down stocks are as well as a small caps.
Great chat if you're interested in investing.
Speaker 1 (14:57):
Yeah, great insights there. That's up next in the Fair
and Greed playlist on your podcast platform or at Feirangreed
dot com dot au. Thank you, Sean, thank you Adam.
It's Friday, the tenth of October twenty twenty five. Make
sure you're following our podcast, Join us online on LinkedIn, Instagram,
x TikTok and Facebook, and please have a great day.
Welcome to Fear and Greed business news you can use today.
The Federal government considers changing key policies, including higher taxation
of high superannuation balances. The Middle East takes a large
step towards peace with a deal to release all remaining
hostages in Gaza, and the Australian University's climb, the global
rankings plus Donald Trump's polling numbers slide, and the value
(00:29):
of Pokemon cards hit a record high. It's Friday, the
tenth of October twenty twenty five. I'm Adam Lang and
good morning Sean Almer.
Speaker 2 (00:37):
Good morning Adam, Sean.
Speaker 1 (00:39):
The main story this morning, the Federal government is clearly
considering changes to key policies, including its delayed legislation to
increase taxes on high superannuation balances.
Speaker 2 (00:51):
That piece of policy the government has fought for really hard,
despite plenty of criticism. It emerged yesterday the Federal Treasury
is considering changes to the proposal, which is set to
impose a new tax on superbalances above three million dollars.
Appearing before a Senate Estimates hearing, Diane Brown, the Deputy
Secretary of the Revenue Division, also revealed that the Prime
(01:13):
Minister's office had taken interest in the legislation, which is
supposed to be the purview of treasure Jim Chalmers. MS
Brown would not divulge the details of the conversations, although
it did say that they are about concessions and concerns
that stakeholders have raised, according to the Finn Review. Early
last month, the Albanezi government hit pause and plans to
impose an extra fifteen percent tax on superbalances above three
(01:36):
million dollars. The chief criticisms of the bill are that
the three million dollars is not indexed and that the
tax will apply to unrealized gains on properties, farms, businesses
other illiquid assets held in self managed funds.
Speaker 1 (01:50):
Treasury is also in discussions with the government about reviewing
the annual superannuation performance test, which the industry claims has
limited its ability to back innovative startups or nationally significant
projects like housing.
Speaker 2 (02:05):
The pointy headed main story today, no doubt, Adam.
Speaker 1 (02:09):
I'm sure you're in my domain surance.
Speaker 2 (02:11):
Yeah, we're talking about reform. This is really significant. So
the idea behind the Opera ranking of funds was that
it would weed out underperforming funds and cut fees so
you know all good intentions. Opera ranks funds based on
the yearly and long term returns of their investments, net
of fees, and against the benchmark created by it by
(02:33):
the regulator itself. If a fund continues to underform, the
consequences are pretty severe. In the first instance, it's got
a right to member saying, hey, we're producing subpar returns.
In the second instance, it can't take new members, right,
So all that sort of makes sense in theory. What's
actually happened to some extent is that funds have become
(02:55):
really conservative. They've sort of hindered creative investing because they're
all fear under performance. You underperform one year, for example,
pushes your rankings down. You're in all sorts of trouble.
It's basically encouraged funds to passively track share market indices
rather than actively allocate capital to assets that take sort
(03:16):
of longer time to provide a return. So it might
be a startup. You can't invest in the startup if
you're a super fund because that might be five years
before you get a good return, or biotechs or private
companies that type of thing. So yesterday's Senate estimates heard
that officials were in talks with the government about the
form of a review after I mean Jim Charms did
mention this in August, but to review that particular plan,
(03:39):
it would be a very significant change for the super
industry if that happens, with potential flow on effects for
investing in kind of more alternative assets. Did you enjoy that,
Adam or not.
Speaker 1 (03:49):
Yeah, it took me back to almost biblical lessons on
the road to Hell is paved with good intentions.
Speaker 2 (03:54):
That's nice. I wonder whether that came out and sent
it estallence yesterday. Probably not.
Speaker 1 (04:01):
Let's move on. Israel and Hamas have officially signed a
ceasefire deal in Egypt after US President Donald Trump announced
the two sides had agreed to the deal that would
release all Israeli hostages in the first step towards what
he called a strong, durable, and everlasting peace.
Speaker 2 (04:20):
According to the agreement, Israel will remain in fifty three
percent of the Gaza strip until the last of the
hostages is released. That's according to Israel's Channel twelve. The
surviving hostages will be freed over the weekend, with the
dead hostages handed over on Monday. That are believed to
be forty eight hostages, twenty of whom are still alive.
As happened in the last ceasefire, six hundred eight trucks
(04:41):
a day will also be allowed into Gaza Hamas early confirmed,
a broad deal had been reached to end the war,
allow more humanitarian aid, and facilitate a prisoner exchange. The
agreement marks a significant breakthrough in Trump's renewed push to
end the conflict, which has killed tens of thousands of
people and triggered a wave of conflict across the region.
Israeli Prime Minister Benjamin Netta, who said he would convene
(05:04):
his government overnight to approve the agreement and bring all
our beloved hostages home. Prime Minister Anthony Alberinezi and Foreign
Minster Penny Wong both welcomed Israel and Tamas's moves to
sign off on the first phase of the gas at
Peace plan.
Speaker 1 (05:17):
Fingers crossed, Yeah, Sean, let's hope that's some great news
on one of the great conflicts of our lifetimes. Amongst that,
how did the ASEX perform yesterday?
Speaker 2 (05:28):
There's in PASEX two hundred closed up a quarter of percent,
Adam to eighty nine hundred and seventy points. Materials for
the best performing sector, Banks and tech not so good.
Copper miners did well, with a red metal hitting a
sixteen month high yesterday. BHP and RIO are both rallied
on the news. Lithium miners also did pretty well. Gold
and silver miners not so much about of profit taking
(05:49):
in those sectors.
Speaker 1 (05:50):
And finishing the market section on a slightly less obvious
asset class Sean. Pokemon cards are back if they have left,
with some Mint cards having appreciated three thousand percent since
two thousand and four, strangely enough, much better than equities.
Speaker 2 (06:06):
Indeed, the card that you might have bought in a
pack for five bucks twenty years ago.
Speaker 1 (06:11):
Sure, let me be honest, I didn't, Adam. Can we
just go with it?
Speaker 2 (06:16):
Stop blocking? Right? Neither did? It's not all Michael Thompson
might have. Let's be honest. Yeah, probably that five dollars
card could be one of your great investments. According to
stories on US network, CBS and the Wall Street Journal,
Pokemon cards, if you don't know about them, there were
a game that people play and compete within tournaments, but
(06:37):
the money actually comes from collecting the cards. COVID was
really good to Pokemon. At the beginning of the pandemic,
they were pretty much at their lowest value. End of
the pandemic, they are at their highest value. Buyers grade
cards on their condition. Typically they're on a one to
ten scale. A mint condition ten grade fetches the most money.
Very few of those plenty of grade threes or fours,
(06:59):
of course. In twenty twenty, youtubeer Logan Paul famously purchased
a Pokemon card from another collector for one hundred and
fifty thousand dollars, highest paid card ever. It was a
ten grade first edition Charryzard and I'm sorry for all
you Pokemon lovers if I'm not saying the right word.
Charryzard considered the holy grail of Pokemon cards. The most
(07:21):
expensive cards have a holographic foil on artwork that makes
them shiny and attractive. Literally. There have been stories of
collectors selling these holographic cards and being able to make
a deposit on a home. Anyway, Pokemon cards value at a.
Speaker 1 (07:36):
Record Sean, can you believe it that Michael Thompson is
on leave when we're talking about a Charhizard card?
Speaker 2 (07:43):
Yeah, I think it's probably appropriate because otherwise this shell
would go for an extra fifteen minutes. You know all
I'm saying, forget gold, forget copper, forget silver and Pokemon cards.
Speaker 1 (07:55):
Come on, We'll be back in a moment with the
rest of the day's business news. Mexican themed fast food
chain Goosman Egomes has reported a nineteen percent jump in
sales during the September quarter and will turn one hundred
million dollars to shareholders through an on market buyback.
Speaker 2 (08:18):
Gusman said sales hit three hundred and thirty one million
dollars for the first quarter of the financial year, driven
by growth in Australia and its emerging US business, comparable
sales for about four percent. The updates an improvement from
its earlier upgrades, though still not at the level of
previous expectations. During the September quarter, the company opened five
new restaurants, three in Australia, one in Singapore, and one
(08:40):
in the US, bringing its total stores to two hundred
and sixty one. The announced one hundred million dollar share
buyback will be conducted over a twelve month period. Goosman's
shares were up yesterday, down about one third over the
past year.
Speaker 1 (08:55):
Sean in the entire September quarter. Have you bought any
Guzman and Gomez in Australia?
Speaker 2 (09:05):
Personally, I'm sure my children would have I'm sure my kids.
Speaker 1 (09:07):
Good point, and thank you and the family for supporting
the economy. If you want to follow the money, then
watching where the big super funds are investing is not
a bad start. Australia's largest superannuation fund, Australian Super, has
been buying up Telstra and Health Insuran Medibank and dumping
CSL and Woolworth.
Speaker 2 (09:27):
Osie Super manages almost four hundred billion dollars for three
and a half million members, and it's twice a year
snapshot of what it owns shows the shifts in its portfolio.
I mean, of course, I suppose on that basis, rather
than following the money, investor might be chasing the money
in this case, because I was Super made these changes
in the first half of twenty twenty five. The superannuation
fund's most popular balanced portfolio, which covers about two hundred
(09:49):
and fifty billion dollars in retirement savings, bought two hundred
million shares in Telstra in the first six months of
the year, means it owns about a billion dollars worth
of Telstra shares the end of last year was just
eighty millions, so they've gone heavy into telstraum Oz super
is also significantly upping it's exposed to health insurance Medibank.
The super fund now owns about eight percent of the
(10:11):
insurance provider. The funds that balanced portfolio trimmed about ten
percent of its steak in CSL, apparently worried about the
uncertain outlook for the business. Probably been a good investment
that one. This one as well, also wound back its
exposure to Woolworths, offloading about a third of its forty
five million share stake held in the balanced to fund.
(10:31):
The new data also shows a balanced fund cut at
stakes in IDP Education and wise Tech Global in the ladder,
offloading about five hundred million dollars in shares. Now, of
course we're not an investing podcast, and this all happens
the first half of the year, so don't go rushing
to do any of this. Actually speak to a financial advisor.
Speaker 1 (10:53):
Yeah, get good advice that's appropriate for you. Sean earlier,
we were speaking of Woolworths and there is a growing
disparatey between the two big supermarkets Woolies and Coals, with
the former's share price training at a six year low
and the latter not far off an all time high.
Speaker 2 (11:11):
It's not one of the surprising share market stories of
twenty twenty five, with Coals forever the number two supermarket
change now almost on par with Woolies in market capitalization terms.
Coals up nearly thirty percent in the past year. Woollies
is down more than twenty percent. What it does show
not all defensive investments are the same. So you know,
(11:33):
people say buy a defensive stock wools and Coals, for example, But.
Speaker 1 (11:38):
Once offensive is in the eye of the beholder, right.
Speaker 2 (11:41):
Yeah, yeah, well, well, in the performance of the stock,
probably it's And mostly this is a story about Wool's
underperformance with a little bit of Coals over performance. Investors
didn't like its FY twenty twenty five results and on
the day of the announcement it fell fifteen percent. Not
only has it not recovered, it's actually gotten worse. The
red flags for investors comes from the Australian food segment,
(12:03):
which generates most of the earnings. Compare that to Coals.
It beats market expectations, or did for both net profit
and dividends stronger than expected. Trading update. It did really well,
but it's probably the story thus far this year is
just the disparity between coals and woolies, which theoretically are
both defensive stocks.
Speaker 1 (12:24):
Sean turning to education, one of our biggest earnings exports,
and six Australian universities are ranked in the top one
hundred worldwide, with the University of Melbourne rated the best
Australian institution.
Speaker 2 (12:39):
Yes it ranked thirty seven globally, up from thirty nine
last year. According to the highly regarded Times rankings, it
achieved near perfect schools for research excellence and influence as
well as teaching quality. Australia's oldest institution, the University of Sydney,
has jumped from sixty one to fifty three. Minash is
at fifty eight. Others in the top one hundred, where
the Australian University, the University of New South Wales and
(13:02):
the University of Queensland ten Australian university's rank in the
world's top two hundred. Oxford University in England comes in
at number one, followed by MIT the Massachusetts Institute of
Technology in the US, and then equal third Princeton and Cambridge.
Speaker 1 (13:18):
Sewn in International News. US President Donald Trump's polling numbers
actually continue to slide, though not as quickly as they
were ahead of the northern summer.
Speaker 2 (13:28):
As you can imagine, there are many many poles in
the US, and the New York Clients compiles them and
averages things out. The average of polls shows Trump with
a disapproval rating of fifty four percent and an approval
rating of forty three percent. That is ahead of the
news about Gaza, so that will be interesting to see
what happens there. Trump started off with pretty even approval
(13:50):
disapproval numbers. They deteriorated in the first six months of
his tenure. They'll have stabilized somewhat since July, after two
hundred and sixty one days in the job. Trump's approval
is lower than where Joe Biden's approval rating was at
the time, slightly better than where he was himself in
his first time, and way below Barack Obama's ratings and
(14:11):
George W. Bush's ratings, although Bush was affected by the
nine to eleven tragedy.
Speaker 1 (14:16):
Sean Up next is The Fear and Greed Q and
eight with Morning Stars Lachlan Halloway tell us about the interview.
Speaker 2 (14:23):
So we start off talking about whether or not the
market is overvalued, and sort of the inference from Lachlan
is that it's getting close. If it's not, it's getting
very close. And then I ask him about the world.
Then he provides three large cap stocks and his view
on them, and it's really interesting. We're talking about Woolies
and he talks about Woolies and whether, given how far
(14:45):
it's fallen, whether it's worth buying at the moment. And
he talks about Santas and says l two other really
sold down stocks are as well as a small caps.
Great chat if you're interested in investing.
Speaker 1 (14:57):
Yeah, great insights there. That's up next in the Fair
and Greed playlist on your podcast platform or at Feirangreed
dot com dot au. Thank you, Sean, thank you Adam.
It's Friday, the tenth of October twenty twenty five. Make
sure you're following our podcast, Join us online on LinkedIn, Instagram,
x TikTok and Facebook, and please have a great day.
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