November 28, 2025 • 29 mins
Some shocks for the economy vs the theatre of Canberra's last sitting week, plus a mystery category for the ages. Sean Aylmer and Michael Thompson go head to head on the top business stories of the week, with Adam Lang picking a winner in a fierce debate.
Find out more: https://fearandgreed.com.au/
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
This is the weekend edition of Fear and Greed business
news you can use. I'm Michael Thompson and good morning
Sean Aylmer.
Speaker 2 (00:12):
Morning Michael, Sean.
Speaker 1 (00:14):
Our weekend show is all about the I nearly forgot
where I was going to then. We've only done this
show every week for the last five years, but it's
about the two of us each nominating what we think
is the biggest business story of the week, the most
remarkable business story, a mystery category that changes every week,
and our favorite business story. We are joined by a
judge every week to pick a winner because this is
(00:35):
a competition and there must be a winner. And like
last week where there was no winner because it was
a time it was just a dud decision. It was
another dud decision and the person responsible for that dud
decision our Fear and Greed colleague Adam Lang Adam, good morning.
Speaker 3 (00:49):
Good morning, Michael, and good morning Sean. Morning.
Speaker 2 (00:52):
Damski morning.
Speaker 1 (00:54):
What are you looking for today? Well, we're looking for
a decisive wind.
Speaker 3 (01:00):
I'll go for it. I'll give one, Okay, are you
with a focus on melod This is predetermined? I have
no I haven't determined who will win I've determined that
it will be a win.
Speaker 1 (01:11):
What are you actually looking for, Adam?
Speaker 3 (01:13):
Chiefly economic impact of the stories. They've got to be
timely and topical. Of course, a little bit of playing
the most subjective slash reform bias and melodrama. Sell it.
Speaker 1 (01:26):
Okay, all right, it feels like that the list of
criteria is shrinking.
Speaker 2 (01:30):
Now you're getting more dull.
Speaker 1 (01:32):
Yeah, you know, I think.
Speaker 2 (01:35):
I think, well, I think we should innovate with our stories.
Let's try and have one ridiculous story.
Speaker 1 (01:41):
Me too that No, actually, you know what you could
add a ridiculous story. I would love to see what
my version of class that is ridiculous. It could be
quite quite interesting. Capital expenditure figures. All right, okay, go
for it. Sure on take away bigger story of the week.
Speaker 2 (02:01):
What did you like the economy? Economy, economy, inflation, capital,
capital expendit you figures?
Speaker 1 (02:05):
Michael the Oho, how ridiculous? Shebang?
Speaker 2 (02:09):
Anyone hoping for another interest rate cut was disappointed this week.
Higher than expected inflation figures for October three point eight
percent for the headline, three point three percent for underlying
had economists talking about rate hikes. Bond markets have now
started in price pricing in the possibility of an increase
by the middle of next year. There was more business investment,
(02:30):
a key underpinning of economic growth, had its biggest jump
in four years during the September quarter, mostly thanks to
loss of spending on data centers. Unemployment rate remember that
last week fell from four point five to four point
three percent inequity. Several retailers, notably Mike Harvey Norman, came
out and outlined strong sales. Of course, black Friday, Cyber Monday.
We're in the midst of that. Very critical. We get
(02:50):
GDP next week. But as every day passes, the economy
looked to be getting just a little bit better, and
a rate cart seems more and more unlikely. That has
economic impact coming out the wazoo over to you.
Speaker 1 (03:13):
It does. It's quite the image, isn't it.
Speaker 3 (03:16):
Tricle flair?
Speaker 1 (03:17):
Yes, Adam, massive, massive week in Canberra.
Speaker 2 (03:24):
So can I just say right, I'm interrupting here. I've
got Michael's notes in front of me. Adam doesn't see
our notes. The first three words he has on this
particular story, can I read them.
Speaker 3 (03:35):
To you, Adam? Please?
Speaker 2 (03:36):
Brevity? Brevity, brevity. It's like a remind betwe himself.
Speaker 1 (03:43):
Only only one of those was lirictal peak behind the
curtain here. That was not a note to me. That
was a message to my friend and colleague, Sean Aylmer,
because I thought maybe if he sees that there, he'll go.
Maybe I should be more brief because last week, last week,
you were a touch for both, So just a Touch's put.
Speaker 2 (04:05):
The cards on the table here.
Speaker 3 (04:06):
Right.
Speaker 2 (04:07):
When Lara talks to you about your performance in this show, right, Adam,
she ever say you talk too much?
Speaker 1 (04:15):
Hang on as Lara?
Speaker 2 (04:17):
Michael, I don't think so. When Jackie talks to me,
I mean, because he's there, our loved ones, they are
obviously going to always support us. I don't think Jackie
has ever said to me, Sean, you talk too much.
Speaker 1 (04:29):
Let's just stitch up.
Speaker 2 (04:31):
Lara. No, never say that to you.
Speaker 3 (04:33):
Never been accused of brevity.
Speaker 2 (04:36):
But on the show, does she ever complain you talk
too much? I don't think so. So that's one to Michael, Sean.
Does she ever, as an independent person who loves you
and supports you, say you talk too much on the show?
Speaker 1 (04:49):
I think her exact words were, do you ever shut up?
To which I was able to honestly say no, I
do not until about two weeks ago when I turned
over a new leaf, a brief leaf, a brevity leaf,
and now all of my all of my things out
the window. Yep, okay, I'm going to start now. Massive
(05:10):
week in Canberra. It was the last sitting week of
the year. Still November, though, I mean, do we stop
working in November? No, you sean no, Adam, No, certainly
not anyway, that's just a minor point. Reform might be needed.
Speaker 3 (05:27):
Quite there's so much work to do.
Speaker 1 (05:29):
I think you know what this is actually now a
story about reform.
Speaker 2 (05:32):
And it's a story that's getting longer.
Speaker 1 (05:34):
Yeah, I know. Sorry, Okay, just the headlines, just the headlines,
just the facts. Major overhaul of environment laws this week.
Deal between the Government and the Greens, just in time
to get this done. The at its core, better environmental
protections while at the same time speeding up. This is
from the government they say better. This is actually word
(05:55):
for word what Anthony Aberneezy said, better environmental protections, while
it's also eating up approvals for key projects including Adam Housing,
including Adam, critical minerals including Adam Energy and.
Speaker 2 (06:07):
The press press release Adam.
Speaker 1 (06:10):
It is it actually is, and.
Speaker 2 (06:14):
I did dependent journalism.
Speaker 1 (06:17):
Here go on, I'm telling you what the Prime Minister said.
Not all people agree with that. I am bound by
the rules of brevity to not go into what other
people said. Huge impact on business and the economy. Signature
policy for the government. That's one headline. Chinese leader number three.
The number three leader was in campus. Got his name?
(06:41):
I didn't write his name down.
Speaker 2 (06:42):
You didn't, That's why I asked.
Speaker 1 (06:44):
Anyway, not important, not important. There were concerns over cybersecurity.
Everyone had to switch off their phones in Canberra this week.
They had blackouts and servers going down and all that.
That's just minor. Forget about that. That's not really key.
Barnaby Joyce, Barnaby Joyce. I wonder what Barnaby Joyce's middle
name is. Barnaby feels like a middle name, doesn't it.
Speaker 2 (07:05):
But it'd be like Barnaby j. Joyce. I reckon like
it really, I have no idea what it is.
Speaker 1 (07:10):
Okay, I'll look it up. You look please, Yeah, yeah,
you've got some time. He quit the NATS Adam after
two decades with the party. He's considering his options, but
we all know he's going to one nation. Speaking of
one nation, Pauline Hanson pulled not one, but two stunts
(07:31):
this week, wearing a burker into the Senate, getting herself
suspended for seven days, and then cooking a steak on
a sandwich press while courting Barnaby Joyce.
Speaker 3 (07:41):
What a week?
Speaker 2 (07:42):
You mean while courting Barnaby Thomas Girard, Joyce, you're kidding.
He's got a double Thomas Girard. That's a solid name,
very solid.
Speaker 1 (07:51):
Yeah, yeah, double middle names are the best. That's it.
Enormous week. Environmental policy was a big one and that
is going to have major repercussions for business.
Speaker 2 (08:04):
The minutes worth of Michael.
Speaker 1 (08:08):
Most of it was not me. It was interjections from
the two of you. I'm trying to be brief here,
stop it. What do you think, Adam?
Speaker 3 (08:15):
Yeah?
Speaker 1 (08:16):
And part of it, Joyce, that really shakes things.
Speaker 2 (08:17):
So that really shakes up.
Speaker 3 (08:23):
Given Pauline Hanson, Penny Wong's line, you can't out Pauline.
Pauline right, And this week she did put on a
master show. Did she put on that burker display in
the in the Parliament? And then what wasn't a sandwich press?
Grilled argue? So dinner and show.
Speaker 2 (08:42):
Like, so not.
Speaker 3 (08:44):
Bad for theater, but terrible display of politics in my opinion, No,
politics can't win. The impacts of these inflation numbers will
be the first set of monthly which is really a
positive change. But all this apart from inflation, It's like,
what a great economy scoreboard that is. You know, inflation
(09:06):
is too high, but unemployment four point three GDP hopefully
heading up big week for the economy.
Speaker 2 (09:13):
I actually think we're doing really well. Yeah, like I
think this is good news. I mean we all want
rate cuts. Yeah, we don't want inflation.
Speaker 3 (09:20):
We'd rather have jobs. So it is a pretty remarkable
set of numbers.
Speaker 2 (09:25):
Yeah, so that was a land slope into me.
Speaker 1 (09:30):
I was just looking up the business some more of
the business response to the environment lawss let's get it,
you know what, even eyas, I was like, Michael, you
do not need to do this, just like you are
just going to bore people into.
Speaker 2 (09:45):
Four more more the next category, as is per usual
for the weekend edition, and I'm going to carry on.
We're ten minutes through. We are well behind already because
as Sean says, you a.
Speaker 3 (10:00):
Shut up slow first quarter.
Speaker 2 (10:01):
But we're going to bring the most remarkable story. Can
I give it to your first or Michael, you're going
to get first, I'll go first.
Speaker 1 (10:07):
I was primed and ready for it. Oh, okay, now
I am doing OPRA, Adam. APRA has staged a remarkable
intervention on homeland.
Speaker 2 (10:16):
I want to beat this up for anything, but afra's
intervention was remarkable, extraordinary.
Speaker 1 (10:22):
I have never seen such an intervention. Why. Because the
market is getting hot, prices are going up. They're worried
about risky loans, trying to get in ahead of it
becoming a problem. APRA will limit the number of loans
made by banks that exceed six times the borrower's income.
The banks may not be happy, Investors probably won't be
(10:43):
too happy. Mostly it's targeted, but but but it shows
just how hot the property market is getting domains figures
which we talked about this week. So the next twelve
months we'll see a surge, a surge in prices, three
(11:04):
rate cuts, we've had, rising incomes, an absolute deluge of
first home buyer demand. The days was equivalent to five
interest rate cuts at once. Right, that is staggering, and
I note that you are not writing it down, Adam.
We'll see medium prices in Sydney hit one point nine
to two million dollars by this time next year, just
(11:27):
under one point two mil in Melbourne, about the same
as camera. So hot, right, so unbelievably hot, it's like
touching the sun right that it might be overheating. APRA
had to step in with a remarkable intervention. Sean just
looking at Sewan, just looking at me, going where's the credibility? Yeah,
(11:49):
that's exactly what I was thinking. I could see that
in your face. You're thinking I am a credible journalist.
One by done hanging out.
Speaker 3 (11:56):
That's right.
Speaker 1 (11:57):
It is remarkable, remarkable.
Speaker 2 (11:59):
Thet's just move on from there. You can judge that
as you wish. Remarkable burst of m and A activity
this week, Adam mcco, did you there? He goes. Macquari
Asset Management made an eleven point six billion dollar bid
for logistics group Cube. As we sistently put it during
the week. Cube do you know what it does? Move
stuff around?
Speaker 3 (12:18):
Supply chain, move stuff around.
Speaker 2 (12:21):
That's it. Think grain, oil, seeds, cars, forestry, one hundred
and fifty rail services per week. Right for its part,
Mcquarie's becoming a major player in logistics in this country.
That's not a bad thing. The thing is like we've
had the sort of spark infrastructure and Sydney Airport and
like we don't have that many infrastructure plays in the
market now. But anyway, so that's a big deal. Still
(12:41):
got a long way to go. Then we had a
bid that never was So last year BHP bid seventy
five million dollars for Ango American. It was for baffed
had another crack sort of what BHP said was and
I quote, following preliminary discussions with the Border of Anglo American,
BHP confirms it is no longer considering a combination of
the two companies. No deal, but BHP wants copper assets.
(13:01):
BHP is acquisitive should the right deal come up. We're
seeing all this M and A activity. There's a report
out of the US that said there's been more MEGA
deals this year above ten million US sixty three of
them than any other year ever. Deals A back, Baby
deals back.
Speaker 1 (13:19):
He did not stop writing the entire time.
Speaker 2 (13:21):
Take the more I went and when I said the
out of the US, the megadels, did you hither?
Speaker 1 (13:27):
Oh god?
Speaker 3 (13:29):
Well, that mega deal really did set a tone, really,
you know, Trump and the changing in regulation and then
running through running through all these deals before the rules change.
Speaker 1 (13:42):
You look, No, the opera intervention is remarkable, well, yes, interesting.
Speaker 3 (13:46):
Perhaps maybe not completely remarkable, but that it was also
a preemptive measure, right.
Speaker 1 (13:54):
That's why I found was quite remarked.
Speaker 3 (13:56):
Which I thought was an interesting sort of watching of
the market and playing a role. So I thought it
was very good. But Sean, Sean wins on the mn A.
Speaker 1 (14:07):
That seems probably fair.
Speaker 3 (14:13):
In a certain light.
Speaker 1 (14:14):
Okay, it is one all yeap to nil. That's right.
I didn't win, you know what. I actually thought, I'll
just try this out and see if either of them notice,
and of course you both did. To nil. Take a
quick break and come back with the mystery category, which
is an absolute cracker this week. All right, Sean, it
(14:40):
is nil. I nearly said it again. It is too nil.
Our mystery category this week it is stories of untold riches.
Speaker 3 (14:52):
Okay, there's one. Okay, there's a couple.
Speaker 2 (14:56):
Of very important that it's untold riches. Okay, God, it's news.
It's new. A parking inspector and his wife have been
arrested in Germany, a small town in Germany, on suspicion
(15:17):
of embezzling more than one million euros about two million
dollars from parking meters.
Speaker 1 (15:25):
In that small town.
Speaker 3 (15:26):
Incredible.
Speaker 2 (15:27):
There's a lot of parking, isn't there going on towns
called Kempton k Emptan inspectors thought to have taken the
coins out of the parking meters. I quit the police
report on numerous occasions to get to the.
Speaker 1 (15:44):
Two million dollars he put me in bank accounts.
Speaker 2 (15:47):
Basically, the bank kind of got a bit suspicious that
this man and his wife could come with all these
coins and placing money into him. Seven hundred and twenty
alleged incidents and twenty I mean, I wish I could
do the maths on that, but it's a lot of highers.
Speaker 1 (16:02):
Only seven hundred europop.
Speaker 2 (16:06):
They please search the officer's premises. They arrested a forty
year old man and a thirty eight year old woman.
They also said it's not clear how long it might
have taken the couple to accrue the sum. He was
a atient criminal. There's some really weird stuff going on
in Germany, okay, right, Kempton, In particularly more broadly so,
(16:29):
the UK tllly Mahl was reporting that in Hamburg an
employee had been accused of pulling off one of the
city's strangest workplace thefts. Police uncovered more than two tons
of stolen coffee.
Speaker 1 (16:43):
Wow thirty one year old.
Speaker 2 (16:46):
Thirty one year old work from a local coffee training company,
was arrested when officers stopped his vehicle and found around
five hundred kilograms are freshly roasted oh Mafi in one
kilo bags.
Speaker 1 (16:58):
I searched.
Speaker 2 (17:00):
Garages, exposed the full scale, No mean one hundred kilograms
of coffee. Twenty thousand cash in the luxury watch. Just
like to add that money. But the story really, I mean,
some weird stuff going on Germany, no doubt, but untold
Riches the parking inspector and his wife.
Speaker 1 (17:15):
I'm just reading about parking in Kempton. I'm on the
Kempton tourism website and they say that depending on the
parking area, that payment is possible with coins, credit card
or via app. So you would assume that most people
are actually paying on the credit cards or the app something.
So that makes it even more remarkable that it was
able to get so much out of the coins, and.
Speaker 2 (17:34):
Did it just put him in his pockets?
Speaker 1 (17:35):
I would imagine so I'd imagined you would actually have
like you would you know, with like bike pants with
the bike clips at the bottom of your trousers.
Speaker 2 (17:43):
What did you know about bike pants because we went
on a bike ride. We raised what fifty thousand dollars
this year out of an eye.
Speaker 1 (17:48):
And if you know how if you're and you didn't come, yeah,
I know. But if you're riding, say to work, and
you're wearing your proper kind of work pants, and you
get the clips around the basis of the base for years, yeah, right,
and so that way it stops the bottom of your
pant legs from flapping. What I'm suggesting, yes, clip around
the base of the of the ankle. Then you can
just pop them into your pants and you could fit
(18:10):
probably two hundred dollars worth of coins. You will look
very odd, sound, yes, very odd, But that's the way
I would do it if I.
Speaker 2 (18:19):
Was, if I was to think this through, master criminal.
There you go, Untold Riches.
Speaker 1 (18:25):
Anyway, my story, there's only one story, Adam, that can
win this category because we are talking about untold. But
you don't need to concede Untold Riches the richest shipwreck
of all types. This isn't just the richest shipwreck of
(18:47):
this year, of this decade. This is the richest shipwreck
of all times. So that counts even back as far
as the dinosaurs. Do you know?
Speaker 2 (18:56):
The way to.
Speaker 1 (18:59):
It is giving up its treasures at last? The first
treasures emerged this week from the San Jose. It's sank
off Colombia, three hundred plus years ago, carrying great big
freeway carrying how much was yours? Sorry shown two million dollars? Okay, well,
this pan in the pan in the pants, this has
(19:21):
got three t thirty thirty billion dollars, So just two million,
thirty billion.
Speaker 2 (19:33):
Technical? How much of that thirty billion has come up
so far?
Speaker 1 (19:37):
Probably a small amount, a fraction, a fraction. I wonder
they've taken up some coins, gold coins so far. They've
got a cannon. I actually tipped that. I would suggest
that that cannon on its own would be worth more
than two million dollars.
Speaker 2 (19:53):
Would bring up a ken that like all these riches.
I mean, the can is pretty heavy.
Speaker 1 (19:56):
It's like all the small things that you if you
were diving down there stuffing stuff into your pants with
the clips around your pants, maybe you.
Speaker 2 (20:04):
Do want a cannon down there?
Speaker 1 (20:05):
How much room you got the.
Speaker 2 (20:10):
Is that a canon in your pants?
Speaker 1 (20:14):
Yes? From the San Jose gold silver emeralds. This is
real sunken treasure. This isn't just like, oh yeah, there
were some artworks on there. Oh yeah, there were some
pots and pants type things. Absolutely, this is like if
you would have in a picture book. This is real,
(20:36):
honest to god sunk sunken treasure. State secret. Where this
actually is. We know that is off off Columbia. The
government will not tell anyone because I need to stop
treasure hunters, ruffians, scoundrels who might go pirates. Yeah, pirates, yeah,
modern day pirates. They brought up, as I said, gold coins, cannon,
a porcelain cup. That is only the beginning. There is
(20:58):
thirty billion dollars worth of treasure on board this. The
bigger issue is who owned it, because the Colombian governments
that they discovered it in twenty fifteen. A US company
says that they actually found it in the eighties. They're
in a legal battle now with Columbia. They want a
ten billion dollar share. The Spanish have made a claim
to it because it was technically their ship.
Speaker 2 (21:19):
We stole it.
Speaker 1 (21:19):
Yeah, the indigenous Bolivians, the indigenous Bolivians say the treasure
was actually stolen from them, so therefore they are entitled
to a share. This story has everything untold riches on
an unimaginable scale, more than you can possibly fit into
your pants.
Speaker 3 (21:38):
We hope it's still there.
Speaker 1 (21:40):
Right, Yeah, by me, clearly.
Speaker 3 (21:42):
But the porcelain cup is a reasonably modest treasure.
Speaker 1 (21:46):
Yeah. But gold they brought up gold. They brought that cannon. Honestly,
that cannon will sell. I mean, I'm a bit of
a cannon expert. I would suggest that you're looking at
four point eight pounds a roadshow.
Speaker 3 (22:00):
Yes, okay, So Michael, you have to win on the
value in the theater.
Speaker 1 (22:07):
I do think if mine's a Betty, what a good story.
Speaker 2 (22:11):
Every year.
Speaker 3 (22:13):
S just with the couple in cohoots over years, like
parking meter by parking meter, and they've said two years,
but surely in the last two years, including covid rite
coins would have been far lesser. I haven't thought too
much about this.
Speaker 2 (22:29):
I reckon it is keeping him in Ciggy's for a
long time, That's what i'd say.
Speaker 3 (22:33):
So you know they empty out. I remember seeing the
parking meters here they'd empty that put him in a
bank sack and then take them to the bank. But
you'd have to be going like one for the company
or one for the council, one for me.
Speaker 2 (22:44):
I mean, like, yes, exactly. It's not like they could
tag all the money.
Speaker 3 (22:47):
Couldn't start at all a bit low this year.
Speaker 1 (22:50):
Forty and thirty eight, again it's fifteen year olds fresh
out of school, child criminals. Yes, I like this, So
I won that one. You did, but it's not really.
Speaker 2 (23:01):
It's a moral victory to me because my story.
Speaker 1 (23:03):
Was better, but you felt you had to get it
absolutely blinking wasn't. And we all know it. Everyone loves
a good shipwreck, and the richest shipwreck of all time
is a worthy winner. Okay, let's do a favorite story.
Speaker 2 (23:17):
Do you want to go first?
Speaker 1 (23:18):
You know what I think I will, because Adam, there
is an Sean touched on this earlier, no more important
time for Australian retailers, and therefore the Australian economy, plus
the everyday Steve and casual Mary out doing their Christmas
(23:38):
shopping early, then the Black Friday sales, and we are
in the absolute thick of it. Now we have Black
Friday yesterday, we have Cyber Monday coming up on Monday. Unsurprisingly,
probably got to guess that one yourself. This is and
I cannot emphasize this enough, absolutely critical for the health
(23:59):
of a Stralian businesses. Six million Australians or more are
expected to take part. On average they'll fork out eight
hundred and four dollars each. This is bigger than Christmas,
it is bigger than Boxing Day. It's his tip to
be the biggest Black Friday Cyber Monday ever. And Adam,
as the self appointed ambassador for small business and Australian retailers,
(24:23):
this is me, I say. I say, as the self
appointed ambassador for small business and Australian retailers. I say
that this is my favorite story and for you potentially
to say otherwise is both Australian, anti business, an Australian
and just just wrong, just wrong. Okay, you did not
(24:46):
write a single thing down that entire time.
Speaker 2 (24:48):
Just let me jump in my favorite story. I've got two.
I don't care Christmas two one I'm going to give
you in fifteen seconds. Seeing diplomacy in real life. So
we had discussions between the US and Moscow than Uess
and Kiev, and then we're not actually having discussions between
Moscow and Kiev. We wouldn't want the two actual parties
involved in the war to be talking to each other. No, no, no,
we're from a twenty eight point plan to a nineteen
(25:10):
point plan. We don't know where it is. But it's
really interesting watching diplomacy in real time. You don't get
that very much cracking story. However, the other story, totally
unrelated to that was the study a collection of eight
canine genomics papers which.
Speaker 1 (25:29):
Precluded he reacted the same way to that as he
did to your.
Speaker 2 (25:36):
The witch concluded, right, yes, that Maggie, your.
Speaker 1 (25:43):
Little cavertle.
Speaker 2 (25:45):
Included in Bread number one.
Speaker 3 (25:51):
She's wearing a cone on her head at the moment.
Speaker 2 (25:54):
What from it's non attractive thing to talk about in
Bread being sequenced part Wolf.
Speaker 3 (26:05):
Yes, she's a lot of wolf.
Speaker 2 (26:07):
She's a lot of wolf. So I've got a beast
of dog American cocker spaniel called Flu and Flu is
as beastly as the name suggests, and cock spaniels particularly
wolfish because littles are a real problem because they're all
in bread.
Speaker 1 (26:24):
So you've mentioned, I got nothing more.
Speaker 3 (26:29):
To say.
Speaker 2 (26:31):
Of my favorite stories.
Speaker 3 (26:32):
There, International diplomacy on the brink of well hopefully closing
a war plus.
Speaker 1 (26:38):
Wolves, yeah, versus the lifeblood of the Australian economy.
Speaker 3 (26:44):
Black Friday, Cyber Monday.
Speaker 1 (26:47):
What's new about that story which is happening right now,
right now, even while we're standing.
Speaker 2 (26:52):
Here, allowed, isn't he sometimes?
Speaker 1 (26:53):
Sorry, I'm getting text messages from retailers saying, don't forget
cyber Monday. It is everywhere. There's a sense of desperation.
B FC, there is a sense of desperation from me. Okay,
all right, go on.
Speaker 3 (27:06):
So as interesting as the wolf and genealogy, is that
the right words or the.
Speaker 1 (27:14):
Data is sign up your dog do ancestry dot com.
Speaker 3 (27:19):
Tracket.
Speaker 1 (27:20):
That would be cool.
Speaker 3 (27:22):
So I'm gonna go with Sean's story.
Speaker 1 (27:26):
No, that was you can't have two stories.
Speaker 3 (27:29):
Well, I'm kind of ignoring the wolf one because that
was just lovely.
Speaker 2 (27:33):
Color and with lovely color, Yeah, totally.
Speaker 3 (27:35):
You know, for everyone, a little win for every little nugget. So,
but the just Trump and his mate Putin having chats
on one side and then Europe and Kiev on the other,
It's like, what the hell is bizarre? Absolutely bizarre four
years of warfare? Yeah it is. It's an incredible story
(27:58):
and hopefully we'll get some Three.
Speaker 1 (28:00):
Hang on, did you just rule again? Just what one
final point? Did you just rule against Australian small business
and retailers? No, did you rule in favor of me?
Speaker 2 (28:12):
Four?
Speaker 3 (28:13):
Moder diplomacy, Yeah, international warfare being closed down.
Speaker 1 (28:18):
I never pickedure for a comic.
Speaker 3 (28:22):
Really, I thought I'd revealed my hand way before.
Speaker 2 (28:29):
The commie.
Speaker 1 (28:32):
Okay, three to one. I took it well as away
as you can say. Okay, good stuff do we have?
Do we need the points?
Speaker 3 (28:40):
Eighty nine Michael ninety two, Sean.
Speaker 1 (28:44):
That's not a bad loss.
Speaker 3 (28:46):
Really, yeah, given probably better story and I deserved USAK
stories are.
Speaker 1 (28:51):
Real, Okay, Yeah, thank you, thank you very much, Adam,
Thank you Michael, and thank you Sean.
Speaker 2 (28:55):
Thank you Michael, Thank you Adam.
Speaker 1 (28:57):
Make sure you're following the podcast. Head to Fear and
Greed dot com today you to sign up for our
free daily newsletter. Oh, Michael Thompson. That was Fear and Greed.
Have a great weekend.
Speaker 2 (29:08):
MH.
This is the weekend edition of Fear and Greed business
news you can use. I'm Michael Thompson and good morning
Sean Aylmer.
Speaker 2 (00:12):
Morning Michael, Sean.
Speaker 1 (00:14):
Our weekend show is all about the I nearly forgot
where I was going to then. We've only done this
show every week for the last five years, but it's
about the two of us each nominating what we think
is the biggest business story of the week, the most
remarkable business story, a mystery category that changes every week,
and our favorite business story. We are joined by a
judge every week to pick a winner because this is
(00:35):
a competition and there must be a winner. And like
last week where there was no winner because it was
a time it was just a dud decision. It was
another dud decision and the person responsible for that dud
decision our Fear and Greed colleague Adam Lang Adam, good morning.
Speaker 3 (00:49):
Good morning, Michael, and good morning Sean. Morning.
Speaker 2 (00:52):
Damski morning.
Speaker 1 (00:54):
What are you looking for today? Well, we're looking for
a decisive wind.
Speaker 3 (01:00):
I'll go for it. I'll give one, Okay, are you
with a focus on melod This is predetermined? I have
no I haven't determined who will win I've determined that
it will be a win.
Speaker 1 (01:11):
What are you actually looking for, Adam?
Speaker 3 (01:13):
Chiefly economic impact of the stories. They've got to be
timely and topical. Of course, a little bit of playing
the most subjective slash reform bias and melodrama. Sell it.
Speaker 1 (01:26):
Okay, all right, it feels like that the list of
criteria is shrinking.
Speaker 2 (01:30):
Now you're getting more dull.
Speaker 1 (01:32):
Yeah, you know, I think.
Speaker 2 (01:35):
I think, well, I think we should innovate with our stories.
Let's try and have one ridiculous story.
Speaker 1 (01:41):
Me too that No, actually, you know what you could
add a ridiculous story. I would love to see what
my version of class that is ridiculous. It could be
quite quite interesting. Capital expenditure figures. All right, okay, go
for it. Sure on take away bigger story of the week.
Speaker 2 (02:01):
What did you like the economy? Economy, economy, inflation, capital,
capital expendit you figures?
Speaker 1 (02:05):
Michael the Oho, how ridiculous? Shebang?
Speaker 2 (02:09):
Anyone hoping for another interest rate cut was disappointed this week.
Higher than expected inflation figures for October three point eight
percent for the headline, three point three percent for underlying
had economists talking about rate hikes. Bond markets have now
started in price pricing in the possibility of an increase
by the middle of next year. There was more business investment,
(02:30):
a key underpinning of economic growth, had its biggest jump
in four years during the September quarter, mostly thanks to
loss of spending on data centers. Unemployment rate remember that
last week fell from four point five to four point
three percent inequity. Several retailers, notably Mike Harvey Norman, came
out and outlined strong sales. Of course, black Friday, Cyber Monday.
We're in the midst of that. Very critical. We get
(02:50):
GDP next week. But as every day passes, the economy
looked to be getting just a little bit better, and
a rate cart seems more and more unlikely. That has
economic impact coming out the wazoo over to you.
Speaker 1 (03:13):
It does. It's quite the image, isn't it.
Speaker 3 (03:16):
Tricle flair?
Speaker 1 (03:17):
Yes, Adam, massive, massive week in Canberra.
Speaker 2 (03:24):
So can I just say right, I'm interrupting here. I've
got Michael's notes in front of me. Adam doesn't see
our notes. The first three words he has on this
particular story, can I read them.
Speaker 3 (03:35):
To you, Adam? Please?
Speaker 2 (03:36):
Brevity? Brevity, brevity. It's like a remind betwe himself.
Speaker 1 (03:43):
Only only one of those was lirictal peak behind the
curtain here. That was not a note to me. That
was a message to my friend and colleague, Sean Aylmer,
because I thought maybe if he sees that there, he'll go.
Maybe I should be more brief because last week, last week,
you were a touch for both, So just a Touch's put.
Speaker 2 (04:05):
The cards on the table here.
Speaker 3 (04:06):
Right.
Speaker 2 (04:07):
When Lara talks to you about your performance in this show, right, Adam,
she ever say you talk too much?
Speaker 1 (04:15):
Hang on as Lara?
Speaker 2 (04:17):
Michael, I don't think so. When Jackie talks to me,
I mean, because he's there, our loved ones, they are
obviously going to always support us. I don't think Jackie
has ever said to me, Sean, you talk too much.
Speaker 1 (04:29):
Let's just stitch up.
Speaker 2 (04:31):
Lara. No, never say that to you.
Speaker 3 (04:33):
Never been accused of brevity.
Speaker 2 (04:36):
But on the show, does she ever complain you talk
too much? I don't think so. So that's one to Michael, Sean.
Does she ever, as an independent person who loves you
and supports you, say you talk too much on the show?
Speaker 1 (04:49):
I think her exact words were, do you ever shut up?
To which I was able to honestly say no, I
do not until about two weeks ago when I turned
over a new leaf, a brief leaf, a brevity leaf,
and now all of my all of my things out
the window. Yep, okay, I'm going to start now. Massive
(05:10):
week in Canberra. It was the last sitting week of
the year. Still November, though, I mean, do we stop
working in November? No, you sean no, Adam, No, certainly
not anyway, that's just a minor point. Reform might be needed.
Speaker 3 (05:27):
Quite there's so much work to do.
Speaker 1 (05:29):
I think you know what this is actually now a
story about reform.
Speaker 2 (05:32):
And it's a story that's getting longer.
Speaker 1 (05:34):
Yeah, I know. Sorry, Okay, just the headlines, just the headlines,
just the facts. Major overhaul of environment laws this week.
Deal between the Government and the Greens, just in time
to get this done. The at its core, better environmental
protections while at the same time speeding up. This is
from the government they say better. This is actually word
(05:55):
for word what Anthony Aberneezy said, better environmental protections, while
it's also eating up approvals for key projects including Adam Housing,
including Adam, critical minerals including Adam Energy and.
Speaker 2 (06:07):
The press press release Adam.
Speaker 1 (06:10):
It is it actually is, and.
Speaker 2 (06:14):
I did dependent journalism.
Speaker 1 (06:17):
Here go on, I'm telling you what the Prime Minister said.
Not all people agree with that. I am bound by
the rules of brevity to not go into what other
people said. Huge impact on business and the economy. Signature
policy for the government. That's one headline. Chinese leader number three.
The number three leader was in campus. Got his name?
(06:41):
I didn't write his name down.
Speaker 2 (06:42):
You didn't, That's why I asked.
Speaker 1 (06:44):
Anyway, not important, not important. There were concerns over cybersecurity.
Everyone had to switch off their phones in Canberra this week.
They had blackouts and servers going down and all that.
That's just minor. Forget about that. That's not really key.
Barnaby Joyce, Barnaby Joyce. I wonder what Barnaby Joyce's middle
name is. Barnaby feels like a middle name, doesn't it.
Speaker 2 (07:05):
But it'd be like Barnaby j. Joyce. I reckon like
it really, I have no idea what it is.
Speaker 1 (07:10):
Okay, I'll look it up. You look please, Yeah, yeah,
you've got some time. He quit the NATS Adam after
two decades with the party. He's considering his options, but
we all know he's going to one nation. Speaking of
one nation, Pauline Hanson pulled not one, but two stunts
(07:31):
this week, wearing a burker into the Senate, getting herself
suspended for seven days, and then cooking a steak on
a sandwich press while courting Barnaby Joyce.
Speaker 3 (07:41):
What a week?
Speaker 2 (07:42):
You mean while courting Barnaby Thomas Girard, Joyce, you're kidding.
He's got a double Thomas Girard. That's a solid name,
very solid.
Speaker 1 (07:51):
Yeah, yeah, double middle names are the best. That's it.
Enormous week. Environmental policy was a big one and that
is going to have major repercussions for business.
Speaker 2 (08:04):
The minutes worth of Michael.
Speaker 1 (08:08):
Most of it was not me. It was interjections from
the two of you. I'm trying to be brief here,
stop it. What do you think, Adam?
Speaker 3 (08:15):
Yeah?
Speaker 1 (08:16):
And part of it, Joyce, that really shakes things.
Speaker 2 (08:17):
So that really shakes up.
Speaker 3 (08:23):
Given Pauline Hanson, Penny Wong's line, you can't out Pauline.
Pauline right, And this week she did put on a
master show. Did she put on that burker display in
the in the Parliament? And then what wasn't a sandwich press?
Grilled argue? So dinner and show.
Speaker 2 (08:42):
Like, so not.
Speaker 3 (08:44):
Bad for theater, but terrible display of politics in my opinion, No,
politics can't win. The impacts of these inflation numbers will
be the first set of monthly which is really a
positive change. But all this apart from inflation, It's like,
what a great economy scoreboard that is. You know, inflation
(09:06):
is too high, but unemployment four point three GDP hopefully
heading up big week for the economy.
Speaker 2 (09:13):
I actually think we're doing really well. Yeah, like I
think this is good news. I mean we all want
rate cuts. Yeah, we don't want inflation.
Speaker 3 (09:20):
We'd rather have jobs. So it is a pretty remarkable
set of numbers.
Speaker 2 (09:25):
Yeah, so that was a land slope into me.
Speaker 1 (09:30):
I was just looking up the business some more of
the business response to the environment lawss let's get it,
you know what, even eyas, I was like, Michael, you
do not need to do this, just like you are
just going to bore people into.
Speaker 2 (09:45):
Four more more the next category, as is per usual
for the weekend edition, and I'm going to carry on.
We're ten minutes through. We are well behind already because
as Sean says, you a.
Speaker 3 (10:00):
Shut up slow first quarter.
Speaker 2 (10:01):
But we're going to bring the most remarkable story. Can
I give it to your first or Michael, you're going
to get first, I'll go first.
Speaker 1 (10:07):
I was primed and ready for it. Oh, okay, now
I am doing OPRA, Adam. APRA has staged a remarkable
intervention on homeland.
Speaker 2 (10:16):
I want to beat this up for anything, but afra's
intervention was remarkable, extraordinary.
Speaker 1 (10:22):
I have never seen such an intervention. Why. Because the
market is getting hot, prices are going up. They're worried
about risky loans, trying to get in ahead of it
becoming a problem. APRA will limit the number of loans
made by banks that exceed six times the borrower's income.
The banks may not be happy, Investors probably won't be
(10:43):
too happy. Mostly it's targeted, but but but it shows
just how hot the property market is getting domains figures
which we talked about this week. So the next twelve
months we'll see a surge, a surge in prices, three
(11:04):
rate cuts, we've had, rising incomes, an absolute deluge of
first home buyer demand. The days was equivalent to five
interest rate cuts at once. Right, that is staggering, and
I note that you are not writing it down, Adam.
We'll see medium prices in Sydney hit one point nine
to two million dollars by this time next year, just
(11:27):
under one point two mil in Melbourne, about the same
as camera. So hot, right, so unbelievably hot, it's like
touching the sun right that it might be overheating. APRA
had to step in with a remarkable intervention. Sean just
looking at Sewan, just looking at me, going where's the credibility? Yeah,
(11:49):
that's exactly what I was thinking. I could see that
in your face. You're thinking I am a credible journalist.
One by done hanging out.
Speaker 3 (11:56):
That's right.
Speaker 1 (11:57):
It is remarkable, remarkable.
Speaker 2 (11:59):
Thet's just move on from there. You can judge that
as you wish. Remarkable burst of m and A activity
this week, Adam mcco, did you there? He goes. Macquari
Asset Management made an eleven point six billion dollar bid
for logistics group Cube. As we sistently put it during
the week. Cube do you know what it does? Move
stuff around?
Speaker 3 (12:18):
Supply chain, move stuff around.
Speaker 2 (12:21):
That's it. Think grain, oil, seeds, cars, forestry, one hundred
and fifty rail services per week. Right for its part,
Mcquarie's becoming a major player in logistics in this country.
That's not a bad thing. The thing is like we've
had the sort of spark infrastructure and Sydney Airport and
like we don't have that many infrastructure plays in the
market now. But anyway, so that's a big deal. Still
(12:41):
got a long way to go. Then we had a
bid that never was So last year BHP bid seventy
five million dollars for Ango American. It was for baffed
had another crack sort of what BHP said was and
I quote, following preliminary discussions with the Border of Anglo American,
BHP confirms it is no longer considering a combination of
the two companies. No deal, but BHP wants copper assets.
(13:01):
BHP is acquisitive should the right deal come up. We're
seeing all this M and A activity. There's a report
out of the US that said there's been more MEGA
deals this year above ten million US sixty three of
them than any other year ever. Deals A back, Baby
deals back.
Speaker 1 (13:19):
He did not stop writing the entire time.
Speaker 2 (13:21):
Take the more I went and when I said the
out of the US, the megadels, did you hither?
Speaker 1 (13:27):
Oh god?
Speaker 3 (13:29):
Well, that mega deal really did set a tone, really,
you know, Trump and the changing in regulation and then
running through running through all these deals before the rules change.
Speaker 1 (13:42):
You look, No, the opera intervention is remarkable, well, yes, interesting.
Speaker 3 (13:46):
Perhaps maybe not completely remarkable, but that it was also
a preemptive measure, right.
Speaker 1 (13:54):
That's why I found was quite remarked.
Speaker 3 (13:56):
Which I thought was an interesting sort of watching of
the market and playing a role. So I thought it
was very good. But Sean, Sean wins on the mn A.
Speaker 1 (14:07):
That seems probably fair.
Speaker 3 (14:13):
In a certain light.
Speaker 1 (14:14):
Okay, it is one all yeap to nil. That's right.
I didn't win, you know what. I actually thought, I'll
just try this out and see if either of them notice,
and of course you both did. To nil. Take a
quick break and come back with the mystery category, which
is an absolute cracker this week. All right, Sean, it
(14:40):
is nil. I nearly said it again. It is too nil.
Our mystery category this week it is stories of untold riches.
Speaker 3 (14:52):
Okay, there's one. Okay, there's a couple.
Speaker 2 (14:56):
Of very important that it's untold riches. Okay, God, it's news.
It's new. A parking inspector and his wife have been
arrested in Germany, a small town in Germany, on suspicion
(15:17):
of embezzling more than one million euros about two million
dollars from parking meters.
Speaker 1 (15:25):
In that small town.
Speaker 3 (15:26):
Incredible.
Speaker 2 (15:27):
There's a lot of parking, isn't there going on towns
called Kempton k Emptan inspectors thought to have taken the
coins out of the parking meters. I quit the police
report on numerous occasions to get to the.
Speaker 1 (15:44):
Two million dollars he put me in bank accounts.
Speaker 2 (15:47):
Basically, the bank kind of got a bit suspicious that
this man and his wife could come with all these
coins and placing money into him. Seven hundred and twenty
alleged incidents and twenty I mean, I wish I could
do the maths on that, but it's a lot of highers.
Speaker 1 (16:02):
Only seven hundred europop.
Speaker 2 (16:06):
They please search the officer's premises. They arrested a forty
year old man and a thirty eight year old woman.
They also said it's not clear how long it might
have taken the couple to accrue the sum. He was
a atient criminal. There's some really weird stuff going on
in Germany, okay, right, Kempton, In particularly more broadly so,
(16:29):
the UK tllly Mahl was reporting that in Hamburg an
employee had been accused of pulling off one of the
city's strangest workplace thefts. Police uncovered more than two tons
of stolen coffee.
Speaker 1 (16:43):
Wow thirty one year old.
Speaker 2 (16:46):
Thirty one year old work from a local coffee training company,
was arrested when officers stopped his vehicle and found around
five hundred kilograms are freshly roasted oh Mafi in one
kilo bags.
Speaker 1 (16:58):
I searched.
Speaker 2 (17:00):
Garages, exposed the full scale, No mean one hundred kilograms
of coffee. Twenty thousand cash in the luxury watch. Just
like to add that money. But the story really, I mean,
some weird stuff going on Germany, no doubt, but untold
Riches the parking inspector and his wife.
Speaker 1 (17:15):
I'm just reading about parking in Kempton. I'm on the
Kempton tourism website and they say that depending on the
parking area, that payment is possible with coins, credit card
or via app. So you would assume that most people
are actually paying on the credit cards or the app something.
So that makes it even more remarkable that it was
able to get so much out of the coins, and.
Speaker 2 (17:34):
Did it just put him in his pockets?
Speaker 1 (17:35):
I would imagine so I'd imagined you would actually have
like you would you know, with like bike pants with
the bike clips at the bottom of your trousers.
Speaker 2 (17:43):
What did you know about bike pants because we went
on a bike ride. We raised what fifty thousand dollars
this year out of an eye.
Speaker 1 (17:48):
And if you know how if you're and you didn't come, yeah,
I know. But if you're riding, say to work, and
you're wearing your proper kind of work pants, and you
get the clips around the basis of the base for years, yeah, right,
and so that way it stops the bottom of your
pant legs from flapping. What I'm suggesting, yes, clip around
the base of the of the ankle. Then you can
just pop them into your pants and you could fit
(18:10):
probably two hundred dollars worth of coins. You will look
very odd, sound, yes, very odd, But that's the way
I would do it if I.
Speaker 2 (18:19):
Was, if I was to think this through, master criminal.
There you go, Untold Riches.
Speaker 1 (18:25):
Anyway, my story, there's only one story, Adam, that can
win this category because we are talking about untold. But
you don't need to concede Untold Riches the richest shipwreck
of all types. This isn't just the richest shipwreck of
(18:47):
this year, of this decade. This is the richest shipwreck
of all times. So that counts even back as far
as the dinosaurs. Do you know?
Speaker 2 (18:56):
The way to.
Speaker 1 (18:59):
It is giving up its treasures at last? The first
treasures emerged this week from the San Jose. It's sank
off Colombia, three hundred plus years ago, carrying great big
freeway carrying how much was yours? Sorry shown two million dollars? Okay, well,
this pan in the pan in the pants, this has
(19:21):
got three t thirty thirty billion dollars, So just two million,
thirty billion.
Speaker 2 (19:33):
Technical? How much of that thirty billion has come up
so far?
Speaker 1 (19:37):
Probably a small amount, a fraction, a fraction. I wonder
they've taken up some coins, gold coins so far. They've
got a cannon. I actually tipped that. I would suggest
that that cannon on its own would be worth more
than two million dollars.
Speaker 2 (19:53):
Would bring up a ken that like all these riches.
I mean, the can is pretty heavy.
Speaker 1 (19:56):
It's like all the small things that you if you
were diving down there stuffing stuff into your pants with
the clips around your pants, maybe you.
Speaker 2 (20:04):
Do want a cannon down there?
Speaker 1 (20:05):
How much room you got the.
Speaker 2 (20:10):
Is that a canon in your pants?
Speaker 1 (20:14):
Yes? From the San Jose gold silver emeralds. This is
real sunken treasure. This isn't just like, oh yeah, there
were some artworks on there. Oh yeah, there were some
pots and pants type things. Absolutely, this is like if
you would have in a picture book. This is real,
(20:36):
honest to god sunk sunken treasure. State secret. Where this
actually is. We know that is off off Columbia. The
government will not tell anyone because I need to stop
treasure hunters, ruffians, scoundrels who might go pirates. Yeah, pirates, yeah,
modern day pirates. They brought up, as I said, gold coins, cannon,
a porcelain cup. That is only the beginning. There is
(20:58):
thirty billion dollars worth of treasure on board this. The
bigger issue is who owned it, because the Colombian governments
that they discovered it in twenty fifteen. A US company
says that they actually found it in the eighties. They're
in a legal battle now with Columbia. They want a
ten billion dollar share. The Spanish have made a claim
to it because it was technically their ship.
Speaker 2 (21:19):
We stole it.
Speaker 1 (21:19):
Yeah, the indigenous Bolivians, the indigenous Bolivians say the treasure
was actually stolen from them, so therefore they are entitled
to a share. This story has everything untold riches on
an unimaginable scale, more than you can possibly fit into
your pants.
Speaker 3 (21:38):
We hope it's still there.
Speaker 1 (21:40):
Right, Yeah, by me, clearly.
Speaker 3 (21:42):
But the porcelain cup is a reasonably modest treasure.
Speaker 1 (21:46):
Yeah. But gold they brought up gold. They brought that cannon. Honestly,
that cannon will sell. I mean, I'm a bit of
a cannon expert. I would suggest that you're looking at
four point eight pounds a roadshow.
Speaker 3 (22:00):
Yes, okay, So Michael, you have to win on the
value in the theater.
Speaker 1 (22:07):
I do think if mine's a Betty, what a good story.
Speaker 2 (22:11):
Every year.
Speaker 3 (22:13):
S just with the couple in cohoots over years, like
parking meter by parking meter, and they've said two years,
but surely in the last two years, including covid rite
coins would have been far lesser. I haven't thought too
much about this.
Speaker 2 (22:29):
I reckon it is keeping him in Ciggy's for a
long time, That's what i'd say.
Speaker 3 (22:33):
So you know they empty out. I remember seeing the
parking meters here they'd empty that put him in a
bank sack and then take them to the bank. But
you'd have to be going like one for the company
or one for the council, one for me.
Speaker 2 (22:44):
I mean, like, yes, exactly. It's not like they could
tag all the money.
Speaker 3 (22:47):
Couldn't start at all a bit low this year.
Speaker 1 (22:50):
Forty and thirty eight, again it's fifteen year olds fresh
out of school, child criminals. Yes, I like this, So
I won that one. You did, but it's not really.
Speaker 2 (23:01):
It's a moral victory to me because my story.
Speaker 1 (23:03):
Was better, but you felt you had to get it
absolutely blinking wasn't. And we all know it. Everyone loves
a good shipwreck, and the richest shipwreck of all time
is a worthy winner. Okay, let's do a favorite story.
Speaker 2 (23:17):
Do you want to go first?
Speaker 1 (23:18):
You know what I think I will, because Adam, there
is an Sean touched on this earlier, no more important
time for Australian retailers, and therefore the Australian economy, plus
the everyday Steve and casual Mary out doing their Christmas
(23:38):
shopping early, then the Black Friday sales, and we are
in the absolute thick of it. Now we have Black
Friday yesterday, we have Cyber Monday coming up on Monday. Unsurprisingly,
probably got to guess that one yourself. This is and
I cannot emphasize this enough, absolutely critical for the health
(23:59):
of a Stralian businesses. Six million Australians or more are
expected to take part. On average they'll fork out eight
hundred and four dollars each. This is bigger than Christmas,
it is bigger than Boxing Day. It's his tip to
be the biggest Black Friday Cyber Monday ever. And Adam,
as the self appointed ambassador for small business and Australian retailers,
(24:23):
this is me, I say. I say, as the self
appointed ambassador for small business and Australian retailers. I say
that this is my favorite story and for you potentially
to say otherwise is both Australian, anti business, an Australian
and just just wrong, just wrong. Okay, you did not
(24:46):
write a single thing down that entire time.
Speaker 2 (24:48):
Just let me jump in my favorite story. I've got two.
I don't care Christmas two one I'm going to give
you in fifteen seconds. Seeing diplomacy in real life. So
we had discussions between the US and Moscow than Uess
and Kiev, and then we're not actually having discussions between
Moscow and Kiev. We wouldn't want the two actual parties
involved in the war to be talking to each other. No, no, no,
we're from a twenty eight point plan to a nineteen
(25:10):
point plan. We don't know where it is. But it's
really interesting watching diplomacy in real time. You don't get
that very much cracking story. However, the other story, totally
unrelated to that was the study a collection of eight
canine genomics papers which.
Speaker 1 (25:29):
Precluded he reacted the same way to that as he
did to your.
Speaker 2 (25:36):
The witch concluded, right, yes, that Maggie, your.
Speaker 1 (25:43):
Little cavertle.
Speaker 2 (25:45):
Included in Bread number one.
Speaker 3 (25:51):
She's wearing a cone on her head at the moment.
Speaker 2 (25:54):
What from it's non attractive thing to talk about in
Bread being sequenced part Wolf.
Speaker 3 (26:05):
Yes, she's a lot of wolf.
Speaker 2 (26:07):
She's a lot of wolf. So I've got a beast
of dog American cocker spaniel called Flu and Flu is
as beastly as the name suggests, and cock spaniels particularly
wolfish because littles are a real problem because they're all
in bread.
Speaker 1 (26:24):
So you've mentioned, I got nothing more.
Speaker 3 (26:29):
To say.
Speaker 2 (26:31):
Of my favorite stories.
Speaker 3 (26:32):
There, International diplomacy on the brink of well hopefully closing
a war plus.
Speaker 1 (26:38):
Wolves, yeah, versus the lifeblood of the Australian economy.
Speaker 3 (26:44):
Black Friday, Cyber Monday.
Speaker 1 (26:47):
What's new about that story which is happening right now,
right now, even while we're standing.
Speaker 2 (26:52):
Here, allowed, isn't he sometimes?
Speaker 1 (26:53):
Sorry, I'm getting text messages from retailers saying, don't forget
cyber Monday. It is everywhere. There's a sense of desperation.
B FC, there is a sense of desperation from me. Okay,
all right, go on.
Speaker 3 (27:06):
So as interesting as the wolf and genealogy, is that
the right words or the.
Speaker 1 (27:14):
Data is sign up your dog do ancestry dot com.
Speaker 3 (27:19):
Tracket.
Speaker 1 (27:20):
That would be cool.
Speaker 3 (27:22):
So I'm gonna go with Sean's story.
Speaker 1 (27:26):
No, that was you can't have two stories.
Speaker 3 (27:29):
Well, I'm kind of ignoring the wolf one because that
was just lovely.
Speaker 2 (27:33):
Color and with lovely color, Yeah, totally.
Speaker 3 (27:35):
You know, for everyone, a little win for every little nugget. So,
but the just Trump and his mate Putin having chats
on one side and then Europe and Kiev on the other,
It's like, what the hell is bizarre? Absolutely bizarre four
years of warfare? Yeah it is. It's an incredible story
(27:58):
and hopefully we'll get some Three.
Speaker 1 (28:00):
Hang on, did you just rule again? Just what one
final point? Did you just rule against Australian small business
and retailers? No, did you rule in favor of me?
Speaker 2 (28:12):
Four?
Speaker 3 (28:13):
Moder diplomacy, Yeah, international warfare being closed down.
Speaker 1 (28:18):
I never pickedure for a comic.
Speaker 3 (28:22):
Really, I thought I'd revealed my hand way before.
Speaker 2 (28:29):
The commie.
Speaker 1 (28:32):
Okay, three to one. I took it well as away
as you can say. Okay, good stuff do we have?
Do we need the points?
Speaker 3 (28:40):
Eighty nine Michael ninety two, Sean.
Speaker 1 (28:44):
That's not a bad loss.
Speaker 3 (28:46):
Really, yeah, given probably better story and I deserved USAK
stories are.
Speaker 1 (28:51):
Real, Okay, Yeah, thank you, thank you very much, Adam,
Thank you Michael, and thank you Sean.
Speaker 2 (28:55):
Thank you Michael, Thank you Adam.
Speaker 1 (28:57):
Make sure you're following the podcast. Head to Fear and
Greed dot com today you to sign up for our
free daily newsletter. Oh, Michael Thompson. That was Fear and Greed.
Have a great weekend.
Speaker 2 (29:08):
MH.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Are You A Charlotte?
In 1997, actress Kristin Davis’ life was forever changed when she took on the role of Charlotte York in Sex and the City. As we watched Carrie, Samantha, Miranda and Charlotte navigate relationships in NYC, the show helped push once unacceptable conversation topics out of the shadows and altered the narrative around women and sex. We all saw ourselves in them as they searched for fulfillment in life, sex and friendships. Now, Kristin Davis wants to connect with you, the fans, and share untold stories and all the behind the scenes. Together, with Kristin and special guests, what will begin with Sex and the City will evolve into talks about themes that are still so relevant today. "Are you a Charlotte?" is much more than just rewatching this beloved show, it brings the past and the present together as we talk with heart, humor and of course some optimism.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.