October 6, 2025 • 14 mins
Tuesday 7 October 2025
The gold price has hit a new record, just shy of $US4,000 an ounce, as the shutdown of the US federal government triggers a run towards safe haven assets
And more, including:
- PM Anthony Albanese calls for Australians to turn down the temperature of public debate
- ASIC slams super funds over valuation practices
- Warren Buffet is back buying companies
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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 price of gold hits a new record above US
three nine hundred dollars an ounce. Prime Minister Anthony Albernizi
calls for Australians to turn down the temperature of public debate,
and the NRL beats the AFL in the battle of
TV ratings. Plus Assex slam Superfund's overvaluation practices, and Warren
(00:28):
Buffett is back buying companies. It's Tuesday, the seventh of
October twenty twenty five. I'm Adam Laying and good morning
Sean Almer.
Speaker 2 (00:36):
Good morning, Adam, How are you very well?
Speaker 1 (00:40):
Sewn? The main story this morning, the gold price has
hit a new record, just shy of US four thousand
dollars an ounce. Incredible, a level seemingly unattainable just a
few years ago. As the shutdown of the US federal
government triggers a run towards safe haven assets.
Speaker 2 (00:56):
The price of an ounce of gold push beyond that
thirty nine hundred US dollars announced yesterday, to three thousand,
nine hundred and twenty nine dollars and ninety one cents.
It has doubled in priced since the beginning of last year.
In the four years before early twenty twenty four basically
was unchanged. It just highlights the run it's been on
(01:18):
over the eighteen months the last eighty months or so.
The main reasons for the run are geopolitical and economic
uncertainty and invested demand for safe haven assets. As the
US dollars reputation as a safe haven asset gets a whack,
gold has come to the four particularly since central banks
are preferring to hold gold over the greenback. The shutdown
in the US federal government trigger the most recent surge
(01:40):
in the price of the precious metal. The run has
also caused plenty of corporate activity. Yesterday, per company Predictive
Discovery and Canadian group Aerobex Resources announced a merger to
create a new ASEX Gold Company with a market capitalization
of two point four billion dollars. Both groups have assets
in Guinea West Africa Sean.
Speaker 1 (02:01):
The winners in all this have clearly been investors in gold,
with share prices of some gold stock surging. But it
goes beyond pure equities.
Speaker 2 (02:09):
It does if we start with equities of the top
performing thirty stocks in the AX over the last year,
about one thirty gold companies groups like Regius Resources, Catalyst Metals,
Genesis Minerals. They're all up close to two hundred percent.
The two biggest gold stocks still than Star and Newmont,
both up more than fifty percent. Beyond pure equities, gold
(02:30):
ETFs have performed very strongly. Their next Gold minus ETF
has more than doubled so far in twenty twenty five.
But perhaps the best example of the rise in gold
is that some of Australia's gold funds are giving the
investors the chance to cash in on the higher returns
way ahead of schedule. That doesn't happen very often. For example,
(02:52):
Family Offers Victors. Morgan sent a letter last week to
investors in its concentrated gold fund asking if they wanted
to redeem their money early, after the strategy returned more
than fifty percent in just six months. According to the
finn Review, it had intended to lock up to lock
up the capital for between twelve and eighteen months. Doing
so well, they said, you want your money back. Question
(03:13):
is can it last well. Plenty of analysts expect gold
to push through four thousand US dollars announce now, particularly
given the very challenging geopolitical climate. Quite an incredible run
for gold.
Speaker 1 (03:26):
Moving on from Gold, Prime Minister Anthony Alberesi has called
for Australians to turn down the temperature of public debate
after the Australian Federal Police charged demand for making threats
to kill the Prime Minister on social media.
Speaker 2 (03:38):
Alberanzi said threats need to be taken seriously and thank
the Australian Federal Police for the work it did. He
added that wherever possible, Australians need to turn down the
temperature of debate and to agree and disagree respectfully. Alberanzi
said Australia has a vibrant democracy and no one is
trying to stifle free speech. He then added, but the
(03:59):
level of threats which have been made now have been
elevated substantially. It has meant changes to what I'm able
to do and how I am able to do it.
He was speaking after officially signing the Pook Pook Defense
Treaty with Papua New Guinea Prime Minister James Marape in Canberra.
The treaty is Australia's first new alliance more than seventy years,
and we'll see both countries come to each other's defense
(04:20):
if either is attacked. The treaty will also pave the
way for P and G citizens to serve in the
Australian Defense Forces.
Speaker 1 (04:27):
On the other side of the political isle, Wly Liberal
Party leader Ted O'Brien has conceded it is not a
good look for the coalition to have front bencher Andrew
Hasty resigned to the back bench.
Speaker 2 (04:39):
O'Brien said, it looks messy, but in truth it is
democracy at work. It does look messy. West Australian MP
Andrew Hasty resigned from the Shadow Cabinets Home Affairs spokesperson
on Friday last week, saying he'd been sidelined on immigration
policy and wanted to speak freely from the back bench.
Hasty is considered a future party leader, or at least
he was. He's been critical what he says is a
(05:01):
policy of mass migration under labor.
Speaker 1 (05:04):
Will be back at a moment with the rest of
the day's business news. ASSEK has issued a scathing report
card on the way the four point three trillion dollar
super industry and the country's major auditing firms value unlisted assets,
after it emerged that the nation's second largest superfund had
(05:27):
written down a US investment worth almost half a billion dollars.
Speaker 2 (05:31):
We'll hear a lot more about this one. The Corporate
Regulator's first review of the sector financial reports and audits
found super fund's disclosure about non listed assets was often
inconsistent and unreliable, making it difficult for members to be
confident about the value of their holdings. Of course, we're
members of super funds, so they're talking about us, not though,
(05:52):
making it difficult for us to be confident about the
value of holdings. ASSEK also concluded, after reviewing one audit
page of the five largest ecting firms, that only one
firm had obtained sufficient evidence to conclude the asset valuation
in that fund's financial statements were reliable. According to a
story in the AFR, the asset report follows the nation's
(06:12):
second largest super fundly three hundred and thirty billion dollars
Australian Retirement Trust, defaulting on a loan tied to an
office block in Seattle, Washington, after major tenant Microsoft didn't
renew its least the default meant the roughly three hundred
million U S dollar investment made in twenty twenty by
q Super, which actually merged with sun Super to create
(06:32):
Australian retirement trust. That three hundred million US dollar investment
is now worthless.
Speaker 1 (06:39):
Sean, the Mike cannon Brooks backed renewable energy project sun
Cable said it is in talks with some of the
biggest technology giants in the world about building a data
center precinct in the Northern Territory.
Speaker 2 (06:50):
Some Cable is a thirty five billion dollar solar and
battery storage venture in the Berkley region of the Northern Territory.
Aims to export solar power from Australia to industrial customers
in Singapore and Darwin within the next decade. Alas in
chief executive Canon Brooks took over its operations through his
private investment company Grock Benches in twenty twenty three. That's
after Andrew Forrest lost confidence in the whole idea. Anyway,
(07:15):
some Cables in talks with multiple hyperscalers the term for
tech companies with big cloud computing services, about building off
grid infrastructure to support their AI energy demands. If the
deal goes ahead, so the hyperscalers would have access to
several hundred megawatts of solar energy from twenty twenty eight,
with a view to scale to multiple gigawatts over time.
(07:35):
Data centers, of course, they're the physical infrastructure that power
most aspects of modern life, from virtual meetings to online banking, chat, GPT,
all that stuff. So this is an opportunity for the
Northern Territory particularly to become very critical to global flows
within that whole data center.
Speaker 1 (07:52):
Idea Sean. It's the end of the winter football codes
and in the battle of the Grand Finals, TV ratings
matter and this year the National Rugby League Grand Final
beat the AFL Grand Final with an average audience of
four point five million, making it the largest television event
of twenty twenty five.
Speaker 2 (08:10):
You are a sports fan, Adam, I'm sure this one
does hurt you just a little bit. Being a wa man,
you know where you sit. The Brisbane Broncos came from
behind to beat Melbourne Storm, with the six point four
million people tuning in at some point for the game,
according to OSTAM. The AFL Grand Final between the Brisbane
Lines and Geelong Cats a week earlier meanwhile, had an
(08:30):
average of four point one million, with a cumulative audience
of six point one million. More than a million people
tuned into the NRL from Sydney, almost the same from Brisbane,
seven hundred and thirty four thousand from Melbourne, a couple
one hundred thousand from Perth, bit over one hundred thousand
from Adelaide. According to os TAM, a little over one
point three million people watched the match through nine Channel
(08:53):
nine's app nine Now, making it the biggest event free
free to air broadcasters app Ever, the AFL it's seven
plus app almost had a million people. Just does show
how those streaming services are creeping in and people even
if you have free aware you watch it through the app.
Speaker 1 (09:13):
Yeah, incredible, Sean, I actually experimented with both as in
free towaar and apps as you as you might imagine
I would. I thought it was interesting too that in
the AFL there was no Melbourne team, you know, so
Geelong not technically from Melbourne as well as the Brisbane lines.
And then in the NRL there was no Sydney team,
you know, Melbourne stillm playing Brisbane and the national audiences
(09:34):
were really broad based.
Speaker 2 (09:35):
Yeah. I think it helped the NRL that Brisbane played
Melbourne because Sydney view was going to watch it anyway,
and I don't think it helped Melbourne necessarily or Victorian
viewers that Brisbane was part of that game. I mean
I remember twelve months ago. I think it was flipped
the other way around because there wasn't as much interest
in the NRL Grand Final last year for example.
Speaker 1 (09:58):
Yeah. So amongst all this, Sean, how did local markets
perform yesterday?
Speaker 2 (10:04):
Quietly given for public holitay? No, when we have the
markets further in the shape, but you know, when not
a lot happens, we tend to push it down. The
Australian share market closed lower, but not before an early push.
An early rally pushed the local boors to a high
of niney nineteen points. Broadly, gains in gold and copper
miners were offset by losses in tech. By the closed,
(10:24):
the S and PA SX two hundred was down just
a smidge to eighty nine hundred and eighty one points,
smadge being a technical term. The tech sector led losses
in line with Wall Street over the weekend. Software firm
iris Weisteak globe We both fell more than two percent,
line as Rare Earth was a top performer more than
seven percent on reports at China and Malaysia. When and
(10:45):
Early were in early talks for a project to process
rare earths of note, keeping with that football code, though
it is outside the ASEX two hundred. The share price
of Brisbane Broncos the company jumped twenty seven percent to
a record closing high after their win on Sunday evening.
Speaker 1 (11:01):
Another level of achievement Sean in international News. Here's a
name that we love here at Fear and Greed. Warren
Buffett's Berkshire Hathaway is back buying assets and it has
about US three hundred and forty four billion in cash,
so perhaps it's about time. Berkshire will purchase Occidental Petroleum
Corps petrochemical business for just under US ten billion dollars.
Speaker 2 (11:25):
The OXYCM business makes basic chemicals like chlorine, sodium hydroxide
vinyl products. It's almost an old fashioned business. I'm not
sure about carbon emissions on this one anyway. It'll be
Birch's largest deal since its acquisition of Allergeny in twenty
twenty two. After years spent holding back from large deals
and progressively unwinding big holdings like his Take and Apple,
(11:47):
buff appears to be spending again. The ninety five year
old chief executive, who is set to leave the role
at the end of the year placed a one point
six billion dollar bet on United Health. In recent months,
It's now board Occidental Petroleum. Occidental, which is backed by Berkshire,
has announced almost four billion dollars of asset sales since
the start of last year as it works to pay
(12:07):
down debt. It's now got the stamp of approval from
Warren Buffett, which no doubt will help its share price.
Speaker 1 (12:13):
How's that shown ninety five years old and still cutting
massive deals.
Speaker 2 (12:17):
Pretty cool? Maybe it's his last deal and a lot
of speculation in the media that it is his last
big deal, but we'll wait and see.
Speaker 1 (12:23):
Yeah. US President Donald Trump has urged everyone involved in
efforts to end the Gaza War to move fast, as
mediators were set to meet in Egypt overnight for indirect
peace talks between Hamas and Israel.
Speaker 2 (12:34):
The talks come after Hamas agreed to some parts of
a twenty point US peace plan, including freeing hostages and
handing over Gaza governance to Palestinian technocrats, but is seeking
negotiations on other issues. According to the BBC, the group's
response did not mention the key demands of its disarmament
and playing no future role in Gaza's governance. They definitely
(12:55):
will be more tricky. Writing on social media that talks
had been very success, Trump said, I quote, I'm told
the first phase should be complete this week, and I'm
asking everyone to move fast. Meanwhile, Israeli airstrikes continue in Gaza. Now.
Trump told Israel to immediately stop the bombing on Friday
after Maas responded to the proposed plan. Thus far, Israel
(13:17):
hasn't done.
Speaker 1 (13:18):
That, Sean. Up next is the Fear and Greed Q
and A, where this time I'm talking to Ignites Jason
and Twistle, Evan Morrison and Nick Perrott about how accountants
and financial planners are using AI. Now. I recorded this
at the Class twenty twenty five Ignite forum in Sydney
a couple of weeks ago. It's a cracking chat about
(13:38):
how they are using AI actually at the cold face
of making a difference to customers.
Speaker 2 (13:43):
Fantastic. I look forward to hearing it, Adam.
Speaker 1 (13:45):
That's up next in the Fear and Greed playlist on
your favorite podcast platform or at Fearangreed dot com dot au.
Speaker 2 (13:51):
Thank you, Sean, Thank you, Adam.
Speaker 1 (13:52):
It's Tuesday, the seventh of October twenty twenty five. Make
sure you're following our podcast, Join us online on LinkedIn, Instagram,
x TikTok and Facebook and have a great tay
Welcome to Fear and Greed business news you can use. Today,
the price of gold hits a new record above US
three nine hundred dollars an ounce. Prime Minister Anthony Albernizi
calls for Australians to turn down the temperature of public debate,
and the NRL beats the AFL in the battle of
TV ratings. Plus Assex slam Superfund's overvaluation practices, and Warren
(00:28):
Buffett is back buying companies. It's Tuesday, the seventh of
October twenty twenty five. I'm Adam Laying and good morning
Sean Almer.
Speaker 2 (00:36):
Good morning, Adam, How are you very well?
Speaker 1 (00:40):
Sewn? The main story this morning, the gold price has
hit a new record, just shy of US four thousand
dollars an ounce. Incredible, a level seemingly unattainable just a
few years ago. As the shutdown of the US federal
government triggers a run towards safe haven assets.
Speaker 2 (00:56):
The price of an ounce of gold push beyond that
thirty nine hundred US dollars announced yesterday, to three thousand,
nine hundred and twenty nine dollars and ninety one cents.
It has doubled in priced since the beginning of last year.
In the four years before early twenty twenty four basically
was unchanged. It just highlights the run it's been on
(01:18):
over the eighteen months the last eighty months or so.
The main reasons for the run are geopolitical and economic
uncertainty and invested demand for safe haven assets. As the
US dollars reputation as a safe haven asset gets a whack,
gold has come to the four particularly since central banks
are preferring to hold gold over the greenback. The shutdown
in the US federal government trigger the most recent surge
(01:40):
in the price of the precious metal. The run has
also caused plenty of corporate activity. Yesterday, per company Predictive
Discovery and Canadian group Aerobex Resources announced a merger to
create a new ASEX Gold Company with a market capitalization
of two point four billion dollars. Both groups have assets
in Guinea West Africa Sean.
Speaker 1 (02:01):
The winners in all this have clearly been investors in gold,
with share prices of some gold stock surging. But it
goes beyond pure equities.
Speaker 2 (02:09):
It does if we start with equities of the top
performing thirty stocks in the AX over the last year,
about one thirty gold companies groups like Regius Resources, Catalyst Metals,
Genesis Minerals. They're all up close to two hundred percent.
The two biggest gold stocks still than Star and Newmont,
both up more than fifty percent. Beyond pure equities, gold
(02:30):
ETFs have performed very strongly. Their next Gold minus ETF
has more than doubled so far in twenty twenty five.
But perhaps the best example of the rise in gold
is that some of Australia's gold funds are giving the
investors the chance to cash in on the higher returns
way ahead of schedule. That doesn't happen very often. For example,
(02:52):
Family Offers Victors. Morgan sent a letter last week to
investors in its concentrated gold fund asking if they wanted
to redeem their money early, after the strategy returned more
than fifty percent in just six months. According to the
finn Review, it had intended to lock up to lock
up the capital for between twelve and eighteen months. Doing
so well, they said, you want your money back. Question
(03:13):
is can it last well. Plenty of analysts expect gold
to push through four thousand US dollars announce now, particularly
given the very challenging geopolitical climate. Quite an incredible run
for gold.
Speaker 1 (03:26):
Moving on from Gold, Prime Minister Anthony Alberesi has called
for Australians to turn down the temperature of public debate
after the Australian Federal Police charged demand for making threats
to kill the Prime Minister on social media.
Speaker 2 (03:38):
Alberanzi said threats need to be taken seriously and thank
the Australian Federal Police for the work it did. He
added that wherever possible, Australians need to turn down the
temperature of debate and to agree and disagree respectfully. Alberanzi
said Australia has a vibrant democracy and no one is
trying to stifle free speech. He then added, but the
(03:59):
level of threats which have been made now have been
elevated substantially. It has meant changes to what I'm able
to do and how I am able to do it.
He was speaking after officially signing the Pook Pook Defense
Treaty with Papua New Guinea Prime Minister James Marape in Canberra.
The treaty is Australia's first new alliance more than seventy years,
and we'll see both countries come to each other's defense
(04:20):
if either is attacked. The treaty will also pave the
way for P and G citizens to serve in the
Australian Defense Forces.
Speaker 1 (04:27):
On the other side of the political isle, Wly Liberal
Party leader Ted O'Brien has conceded it is not a
good look for the coalition to have front bencher Andrew
Hasty resigned to the back bench.
Speaker 2 (04:39):
O'Brien said, it looks messy, but in truth it is
democracy at work. It does look messy. West Australian MP
Andrew Hasty resigned from the Shadow Cabinets Home Affairs spokesperson
on Friday last week, saying he'd been sidelined on immigration
policy and wanted to speak freely from the back bench.
Hasty is considered a future party leader, or at least
he was. He's been critical what he says is a
(05:01):
policy of mass migration under labor.
Speaker 1 (05:04):
Will be back at a moment with the rest of
the day's business news. ASSEK has issued a scathing report
card on the way the four point three trillion dollar
super industry and the country's major auditing firms value unlisted assets,
after it emerged that the nation's second largest superfund had
(05:27):
written down a US investment worth almost half a billion dollars.
Speaker 2 (05:31):
We'll hear a lot more about this one. The Corporate
Regulator's first review of the sector financial reports and audits
found super fund's disclosure about non listed assets was often
inconsistent and unreliable, making it difficult for members to be
confident about the value of their holdings. Of course, we're
members of super funds, so they're talking about us, not though,
(05:52):
making it difficult for us to be confident about the
value of holdings. ASSEK also concluded, after reviewing one audit
page of the five largest ecting firms, that only one
firm had obtained sufficient evidence to conclude the asset valuation
in that fund's financial statements were reliable. According to a
story in the AFR, the asset report follows the nation's
(06:12):
second largest super fundly three hundred and thirty billion dollars
Australian Retirement Trust, defaulting on a loan tied to an
office block in Seattle, Washington, after major tenant Microsoft didn't
renew its least the default meant the roughly three hundred
million U S dollar investment made in twenty twenty by
q Super, which actually merged with sun Super to create
(06:32):
Australian retirement trust. That three hundred million US dollar investment
is now worthless.
Speaker 1 (06:39):
Sean, the Mike cannon Brooks backed renewable energy project sun
Cable said it is in talks with some of the
biggest technology giants in the world about building a data
center precinct in the Northern Territory.
Speaker 2 (06:50):
Some Cable is a thirty five billion dollar solar and
battery storage venture in the Berkley region of the Northern Territory.
Aims to export solar power from Australia to industrial customers
in Singapore and Darwin within the next decade. Alas in
chief executive Canon Brooks took over its operations through his
private investment company Grock Benches in twenty twenty three. That's
after Andrew Forrest lost confidence in the whole idea. Anyway,
(07:15):
some Cables in talks with multiple hyperscalers the term for
tech companies with big cloud computing services, about building off
grid infrastructure to support their AI energy demands. If the
deal goes ahead, so the hyperscalers would have access to
several hundred megawatts of solar energy from twenty twenty eight,
with a view to scale to multiple gigawatts over time.
(07:35):
Data centers, of course, they're the physical infrastructure that power
most aspects of modern life, from virtual meetings to online banking, chat, GPT,
all that stuff. So this is an opportunity for the
Northern Territory particularly to become very critical to global flows
within that whole data center.
Speaker 1 (07:52):
Idea Sean. It's the end of the winter football codes
and in the battle of the Grand Finals, TV ratings
matter and this year the National Rugby League Grand Final
beat the AFL Grand Final with an average audience of
four point five million, making it the largest television event
of twenty twenty five.
Speaker 2 (08:10):
You are a sports fan, Adam, I'm sure this one
does hurt you just a little bit. Being a wa man,
you know where you sit. The Brisbane Broncos came from
behind to beat Melbourne Storm, with the six point four
million people tuning in at some point for the game,
according to OSTAM. The AFL Grand Final between the Brisbane
Lines and Geelong Cats a week earlier meanwhile, had an
(08:30):
average of four point one million, with a cumulative audience
of six point one million. More than a million people
tuned into the NRL from Sydney, almost the same from Brisbane,
seven hundred and thirty four thousand from Melbourne, a couple
one hundred thousand from Perth, bit over one hundred thousand
from Adelaide. According to os TAM, a little over one
point three million people watched the match through nine Channel
(08:53):
nine's app nine Now, making it the biggest event free
free to air broadcasters app Ever, the AFL it's seven
plus app almost had a million people. Just does show
how those streaming services are creeping in and people even
if you have free aware you watch it through the app.
Speaker 1 (09:13):
Yeah, incredible, Sean, I actually experimented with both as in
free towaar and apps as you as you might imagine
I would. I thought it was interesting too that in
the AFL there was no Melbourne team, you know, so
Geelong not technically from Melbourne as well as the Brisbane lines.
And then in the NRL there was no Sydney team,
you know, Melbourne stillm playing Brisbane and the national audiences
(09:34):
were really broad based.
Speaker 2 (09:35):
Yeah. I think it helped the NRL that Brisbane played
Melbourne because Sydney view was going to watch it anyway,
and I don't think it helped Melbourne necessarily or Victorian
viewers that Brisbane was part of that game. I mean
I remember twelve months ago. I think it was flipped
the other way around because there wasn't as much interest
in the NRL Grand Final last year for example.
Speaker 1 (09:58):
Yeah. So amongst all this, Sean, how did local markets
perform yesterday?
Speaker 2 (10:04):
Quietly given for public holitay? No, when we have the
markets further in the shape, but you know, when not
a lot happens, we tend to push it down. The
Australian share market closed lower, but not before an early push.
An early rally pushed the local boors to a high
of niney nineteen points. Broadly, gains in gold and copper
miners were offset by losses in tech. By the closed,
(10:24):
the S and PA SX two hundred was down just
a smidge to eighty nine hundred and eighty one points,
smadge being a technical term. The tech sector led losses
in line with Wall Street over the weekend. Software firm
iris Weisteak globe We both fell more than two percent,
line as Rare Earth was a top performer more than
seven percent on reports at China and Malaysia. When and
(10:45):
Early were in early talks for a project to process
rare earths of note, keeping with that football code, though
it is outside the ASEX two hundred. The share price
of Brisbane Broncos the company jumped twenty seven percent to
a record closing high after their win on Sunday evening.
Speaker 1 (11:01):
Another level of achievement Sean in international News. Here's a
name that we love here at Fear and Greed. Warren
Buffett's Berkshire Hathaway is back buying assets and it has
about US three hundred and forty four billion in cash,
so perhaps it's about time. Berkshire will purchase Occidental Petroleum
Corps petrochemical business for just under US ten billion dollars.
Speaker 2 (11:25):
The OXYCM business makes basic chemicals like chlorine, sodium hydroxide
vinyl products. It's almost an old fashioned business. I'm not
sure about carbon emissions on this one anyway. It'll be
Birch's largest deal since its acquisition of Allergeny in twenty
twenty two. After years spent holding back from large deals
and progressively unwinding big holdings like his Take and Apple,
(11:47):
buff appears to be spending again. The ninety five year
old chief executive, who is set to leave the role
at the end of the year placed a one point
six billion dollar bet on United Health. In recent months,
It's now board Occidental Petroleum. Occidental, which is backed by Berkshire,
has announced almost four billion dollars of asset sales since
the start of last year as it works to pay
(12:07):
down debt. It's now got the stamp of approval from
Warren Buffett, which no doubt will help its share price.
Speaker 1 (12:13):
How's that shown ninety five years old and still cutting
massive deals.
Speaker 2 (12:17):
Pretty cool? Maybe it's his last deal and a lot
of speculation in the media that it is his last
big deal, but we'll wait and see.
Speaker 1 (12:23):
Yeah. US President Donald Trump has urged everyone involved in
efforts to end the Gaza War to move fast, as
mediators were set to meet in Egypt overnight for indirect
peace talks between Hamas and Israel.
Speaker 2 (12:34):
The talks come after Hamas agreed to some parts of
a twenty point US peace plan, including freeing hostages and
handing over Gaza governance to Palestinian technocrats, but is seeking
negotiations on other issues. According to the BBC, the group's
response did not mention the key demands of its disarmament
and playing no future role in Gaza's governance. They definitely
(12:55):
will be more tricky. Writing on social media that talks
had been very success, Trump said, I quote, I'm told
the first phase should be complete this week, and I'm
asking everyone to move fast. Meanwhile, Israeli airstrikes continue in Gaza. Now.
Trump told Israel to immediately stop the bombing on Friday
after Maas responded to the proposed plan. Thus far, Israel
(13:17):
hasn't done.
Speaker 1 (13:18):
That, Sean. Up next is the Fear and Greed Q
and A, where this time I'm talking to Ignites Jason
and Twistle, Evan Morrison and Nick Perrott about how accountants
and financial planners are using AI. Now. I recorded this
at the Class twenty twenty five Ignite forum in Sydney
a couple of weeks ago. It's a cracking chat about
(13:38):
how they are using AI actually at the cold face
of making a difference to customers.
Speaker 2 (13:43):
Fantastic. I look forward to hearing it, Adam.
Speaker 1 (13:45):
That's up next in the Fear and Greed playlist on
your favorite podcast platform or at Fearangreed dot com dot au.
Speaker 2 (13:51):
Thank you, Sean, Thank you, Adam.
Speaker 1 (13:52):
It's Tuesday, the seventh of October twenty twenty five. Make
sure you're following our podcast, Join us online on LinkedIn, Instagram,
x TikTok and Facebook and have a great tay
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