April 29, 2025 • 17 mins
Wednesday 30 April 2025
Energy giant Woodside will spend $27 billion developing an LNG plant in Louisiana in the south of the US, which would put it among the major global gas producers.
And more, including:
- James Packer sets a suburb record after selling a mansion in Beverly Hills.
- We take a look at 100 days of Donald Trump.
- Plus the latest political news ahead of Saturday’s election.
- And the former boss of Virgin Australia to take over Dan Murphy’s owner, Endeavour Group.
Join our free daily newsletter here!
Donate to Sean and Adam’s Ride for Country Kids here
And don’t miss the latest episode of How Do They Afford That? - a step-by-step guide to getting started in shares. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.
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):
Today on Fear and Greed. Energy Giant Woodside will spend
twenty seven billion dollars developing an LNG plant in Louisiana
in the south of the US, which would put it
among the major global gas producers. James Packer sets a
suburb record after selling a mansion in Beverly Hills, and
one hundred days of Donald Trump, plus the latest political
news ahead of Saturday's election, and the former boss of
(00:28):
Virgin Australia to take over Dan Murphy's owner in Devor Group.
Welcome to Fear and Greed, daily business news for people
who make their own decisions. It is Wednesday, the thirtieth
of April twenty twenty five. I'm Michael Thompson and good
morning Sean Aylmer.
Speaker 2 (00:42):
Morning, Michael.
Speaker 1 (00:43):
I am almost out of breath. It is such a
jam packed show today and it's also Sean a jam
packed daily newsletter today.
Speaker 2 (00:51):
It sure is gives you the five stories that you
really do need to know about before you hit the
desk this morning, a little bit of commentary from me,
some interesting stuff on airfares plenty in it this morning.
Speaker 1 (01:03):
Yeah, it's a really good addition. If you haven't signed
up for it already head along to fearangreed dot com
dot au. I'll put a link in today's show notes
as well. And the thing is it is entirely free
and it is in your inbox every morning by six o'clock.
Showing on with the main story, Woodside Energy will push
ahead with its twenty seven billion dollar LNG plant in Louisiana,
(01:24):
which will really put the group into the legion of
global gas giants. This is this is big.
Speaker 2 (01:29):
It's huge. Once producing gas and Louisiana, Woodside could provide
more than five percent of the world's LNG supply. The
board of Woodside green lighted the seventeen billion US that's
about twenty seven billion Aussie project, and it's due to
be completed in twenty twenty nine. The decision to proceed
comes after Woodside sold a forty percent steak in the
(01:49):
Gulf Coast development to a crowd called stone Peak. It's
an American infrastructure and real estate investor. The figures are
just huge now. Chief executive Meg O'Neill said that is
a game changer for Woodside. She said it will position
the company as a global LNG powerhouse and enable it
to deliver and during shareholder returns. Woodside will commit about
(02:11):
twelve billion dollars to building the Louisiana project, which has
a lifespan of more than four decades. Stone Speak will
fund the rest. Woodside share price jumped almost one percent
on the news.
Speaker 1 (02:23):
There's a bit, there's a lot in this right it
is a mega deal, arguably full of risk. Is it
unusual Sean to be signing off on such a massive
deal right now given the somewhat volatile Trump world that
we live in.
Speaker 2 (02:39):
Somewhat volatile. It is a bet on Donald Trump in
some respects. While there's plenty of uncertainty around the place.
Woodside's hoping that the administration will push ahead with plans
to burst energy exports from the US. If they do that,
Woodside is well placed. Now you think, you know, drill,
baby drill.
Speaker 1 (03:00):
That's fairly clear, and that was the president's own words.
Speaker 2 (03:03):
Yeah, and I mean drill, baby drill. That suggests there's
going to be this gte of oil and potentially gas
on the market. So that should depress that could depress prices.
I think what Woodside is sort of saying, and the
more realistic view is that the White House won't get
in the way of commercial decisions around oil and gas,
and that's probably paid in too. Mego O'Neill's thoughts there
(03:23):
beyond that, Given it takes years to get these projects
fully operational. This one's twenty twenty nine, which is actually
after Donald Trump leaves office. It's a bet that Trump
has changed the world forever now. Megan and Eil yesterday
said there's already heightened interest in buying L and G
from the US. There's also the environmental part of the story,
(03:43):
and it's a big one. There have been stories in
recent weeks of an outflow of funds from environmentally based ETFs.
People aren't investing into the environment story like there were
a couple of years ago. Now, LL and G is
a transition energy, it is not a green energy. So
Woodside is betting that the reversion away from the investing
(04:06):
in the environment, alongside the fact that it's taking a
long time for many economies to transition, will hold it
in good stead. The lifespan of this is about twenty
seventy so that's a long time. You know, that's more
than forty years forty five years that L and D
should be produced from this ascid by Woodside, So They
(04:30):
clearly think there's a role for gas for a long
way to go.
Speaker 1 (04:33):
It's a big story, and you've got to admire the courage.
I suppose to Meg O'Neil and the board to basically
just go, yep, we are all in. We are going
to commit to this.
Speaker 2 (04:43):
Yeah. I mean incredible amounts of money, sharehold of money,
and they're game for it's so good luck to them.
Speaker 1 (04:48):
Indeed, at local markets, how do they perform?
Speaker 2 (04:50):
Yesterday, it's a great day. The SPISX two hundred closed
up at a two month high, notwithstanding a pretty ordinary
night on Wall Street. The balls ended up nearly one
percent to eight thousand and seventy one points four consecutive
days of rises.
Speaker 1 (05:02):
Michael.
Speaker 2 (05:02):
Good day for the tech stocks and Weis Tech led
the way there so for the property companies Goodman Group
and Mervak. But the big murders again were the uranium stocks.
Now about a week ago they've been sold down. Since then,
they are on a tear. So Boss Energy, Deep Yellow,
Paladin Energy, Paladin Energy all up around ten percent yesterday.
(05:24):
Paladin's up more than forty percent in just five trading sessions.
Speaker 1 (05:28):
Quite the run, yeah, indeed, and the Aussie dollar sean
has hit a new high for twenty twenty five at.
Speaker 2 (05:35):
Least Yes, well a week greenback helped the local unit
push towards sixty four and a half at US sense
confusion over exactly what the tariff policy is around the
place mean has put pressure on the US dollar. The
latest on that, US Treasury Secretary Scott Besant said America
is focusing on talks with nations other than China, and
the administration also said it's reduced the impact of automotive
(05:56):
tariffs by alleviating some duties and posts on foreign parts.
Well that's good, but I mean, it's very hard to
know what anyone makes he means when it comes out
of the White House. At plenty going on in markets,
even bigger day to day though, of course it's inflation
day March Court. A CPI that comes in with an
underlying kind of annualized six month rate, there's a lot
(06:18):
in that. If we reckon the underlying rates running at
about two and a half two point six two point seven,
is likely to be a rate cut three weeks.
Speaker 1 (06:25):
Do you get excited on days like this?
Speaker 2 (06:27):
Yeah, it's great. It is great.
Speaker 1 (06:29):
It genuinely is. I can see it in your face,
so that it's one of those days where you actually
hang out for the release of the data.
Speaker 2 (06:36):
Yeah, because it really should tell us. I mean, in
twenty four hours are we seeing here say well, there's
a bit of this, there's a bit of that, because
that's what economics does to you. But assuming it's not
really bad, it should open the way for a rate cut.
Speaker 1 (06:49):
It's exciting and we'll have all of the details later
today as well, Sean. We've got so much still to
get through. Massive show today. We'll be back in a
moment with the rest of the day's business news sewn.
The election campaign continues, with the respective leaders nursing babies
(07:10):
and dogs, and protesters disrupting both sides of politics, and
an attack on Opposition leader Peter Dutton's electoral office.
Speaker 2 (07:18):
He welcome to country debate, I got a run While
both sides, Chris sized the other over spending initiatives, particularly
in the wake of the S and P Ratings Agency
warning about a potential down grade of Australia's triple A
credit rating. Opposition leader Peter Dutton was in Gilmour, the
most marginal seat in New South Wales. He was giving
a talk when anti nuclear protesters interrupted him. That was
(07:38):
probably the biggest interruption of the day. Also, a teenage
girl was arrested after a late night graffiti blitz at
one of Dutton's Queensland officers. I mean, three days to go,
I reckon it's a bit of a yeah election at
this point, like normally it bills and I thought it
would build in this last week. But if you go
through everything happened yesterday, I mean there were awkward moments
(08:04):
and quite lovely moments. And you actually pointed out off
here that Peter Dunton was holding a baby. It was
very comfortable holding a baby. It was just like a
nice because of his image to see him holding a baby. Absolutely,
Anthony ABERNIZI was holding a dog. Awkward. That dog didn't
want to be there, and I'm not sure that Alberanzi
wanted to.
Speaker 1 (08:23):
That's ill advised to be holding. I mean, babies is
one thing a dog. Anything can go.
Speaker 2 (08:29):
Baby has a n affyday three days ago though, really
Anthony Alberzi is still in prime position to win.
Speaker 1 (08:39):
Indeed, former Virgin Australian boss Jane Herdliker will be the
new CEO of Endeavor Group. The beleaguered pubs and liquor
store business that has promised plenty but really failed to
deliver for shareholders.
Speaker 2 (08:52):
Clearly, Jane Heard is not a fan of easy jobs.
She started a Day to Milk, did a really good
job there, then jumped into the Virgin business when it
went into private equity hands. She is now at Endeavor,
well she will be from January one next year. Interesting
what she didn't actually succeed doing it Virgin was get
a float away. She did actually get the airline back
(09:13):
up and running, but it hasn't listed on the AX
yet now and Deva, the owner of Dan Murphy's BWS
and a bunch of pubs, were spun out of all
Wards in twenty twenty one. Its share price today is
about two thirds of what it was when it's listed.
Has really struggled, particularly in its Dan Murphy's BWS business,
(09:33):
and Deva now has a new chair, two new non executives,
and in incoming CEO. Shareholders have been agitating, particularly Bruce Matheson,
who owns fifteen percent of it, for a change in direction.
I'd imagine that's exactly what they'll get with Janehrdliker. Her
goal really will be to turn around the pubs, get
the bottle shops firing again, and sort of shift the
(09:54):
business away from the mothership, which is Woollie's because you
remember last year when the Woollies distribution centers went down,
never suffered, so it's it really does need a strategic uplift,
shall we say?
Speaker 1 (10:06):
Yep?
Speaker 2 (10:06):
Its share price is that one percent yesterday?
Speaker 1 (10:09):
For an interesting take on all of this, you are
speaking after the show today with Johannes Fall from Morning Star.
Speaker 2 (10:15):
Yeah, so we ask him about Endeavor and what Dane
Herdlocker brings to the party. He has a very funny response,
not what I expected at all, and he goes through
why and Neva has underperformed. He sort of talks about
why he thinks price at the moment, I mean there's
some value in Endeavor, and then we kick into JB
(10:37):
hi Fi and Woolli's and Coals and other stocks like that.
Speaker 1 (10:41):
It is a really good chat.
Speaker 2 (10:42):
Yeah, great chat.
Speaker 1 (10:42):
Yeah, it covers a whole lot of stuff, so stick
around for that. One is coming up after the show.
Rio Tinto says it is uncertain whether it can continue
to operate its Belbay aluminium smelter after spending six years
unsuccessfully negotiating a new power to play agreement with the
Tasmanian government. Six years is a very time, especially when
(11:04):
it doesn't actually end in a positive result.
Speaker 2 (11:06):
Yeah, Like, aluminium smelters are really big power consumers. In fact,
they're the biggest of the manufacturers, and RIO wants to
go green. They've got decarbonization agenda. The Bell based smelter
in Tasmania is the only one of its smelters in
Australia which actually uses renewable energy. So that's why RIO
is so keen to get this one going. It's got
(11:28):
eight months before its existing deal with the state government's
Hydro Tasman with the State Government's Hydro Tasmania expires. According
to the finn Review, Yakub stays home. The chief executive
has promised to work towards a viable low carbon future
for its Australation smelters one in New Zealand three here,
though certainly his patience is being tested on this one.
(11:49):
He's also facing a decision on the future of the
New South Wales Tomago smelter in coming months. So you're
gonna ask me a question, You got your hand up
going to.
Speaker 1 (12:00):
Say sure, it's Tomago or is it Tomogo?
Speaker 2 (12:02):
It's Tomoga.
Speaker 1 (12:03):
Yeah, there you go.
Speaker 2 (12:04):
That's right, Thank you, Michael. That's what I'm here for anyway,
Tomoga Bell Bay. They're negotiating, Sean.
Speaker 1 (12:12):
Can we talk about James Packer. Yes, it's pretty much
withdrawn from the public eye, but this has definitely put
him back into the headlines. This one. He has sold
his Beverly Hills mansion for ninety three million dollars and
what is reportedly the most expensive property deal in the
suburb this year.
Speaker 2 (12:32):
Now, well, I don't know whether he needed the cash,
right he earlier in the year he bought a mega
mansion in a neighboring suburb for one hundred and seventy
four million dollars.
Speaker 1 (12:44):
It doesn't need to do No, he doesn't.
Speaker 2 (12:46):
He doesn't. He calls Los Angeles home. Nowadays. The mansion
he has just old has twelve bedrooms, eighteen bathrooms. I mean,
how many cans? Do you know?
Speaker 1 (12:57):
What's what is the likelihood of every single one being
in new at the same time and the dust like
if you just have like like a massive like curry
function or something. I'm living on Mexican cis it hits.
Speaker 2 (13:10):
On twenty seven hundred square meters, also got a wine cellar,
a screening room, as a gar lounge, a gym and
a beauty salon. According to a story in The Australian,
it was previously owned by actor Danny de Vito m
and his right wife Ria Pullman. James Packer's ranked twenty
seven on Australia's Riches two hundred and fifty worth round
five point one billion dollars, had a very good twenty
(13:32):
twenty four. He last played a prominent role in the
Australian business community in late twenty twenty two, when he
sold his stake in Crown Resorts to private equity firm
Blackstone and got about three point three billion dollars for that.
You've almost stopped your laughter about the years of eighteen bathrooms.
Let's move on.
Speaker 1 (13:49):
You've you served a particularly vicious windaloo.
Speaker 2 (13:51):
For instance, in international news this morning.
Speaker 1 (13:54):
Prime Minister Mark Carney's Liberal Party one Canada's federal election yesterday,
which is quite incredible considering the turnaround from if you
think back kind of six weeks two months ago. It
caps this about face in fortunes that has been fueled
by Donald Trump's annexation threats and trade war. It is just.
(14:16):
It is an incredible story.
Speaker 2 (14:18):
It is and August is actually very well for Anthony
Albernezi because incumbents in elections in a Trump era seems
to have done very well. After Pol's closed, the Liberals
were projected to win more of the The Liberals in
Canada are the left leaning party. They'd be confused by that.
They are projected to win more of the parliaments three
hundred and forty three seats than the Conservative Party, though
(14:39):
it wasn't immediately here if clear if they could actually
form an outright majority, they may have to rely on
one or more smaller parties to form a government and
pass legislations. The Liberals definitely looked headed for a crushing
defeat until Trump took over. He started attacking Canada's economy.
He threatened its sovereignty. He suggested it should become the
(14:59):
few first state. According to Reuters, those comments infuriated Canadians,
triggering a surge in nationalism that helped the Liberals flip
the election narrative and win a fourth straight term in power. Now,
even with the Canadians coming to terms with just a
horrendous weekend after that attack at the Vancouver Street Festival,
(15:22):
where I think was nine was killed. On election Day,
Trump was trolling them, suggesting on social media that he
was on their ballot and repeating that Canada should become
the fifty first state. Come on, beggars belief.
Speaker 1 (15:38):
Speaking of Donald Trump, the president is celebrating one hundred
days in office. And what a one hundred days it has.
It's been a Whirlwind's redefined global relations and the international
economy broadly. What are the what are the highlights?
Speaker 2 (15:55):
Sean the menorable moments about that?
Speaker 1 (15:57):
That's probably a better way to fall.
Speaker 2 (15:59):
But one of the first existive orders was to release
rioters from the January sixth, twenty twenty one attack on
Capitol Hill from jail. That might have been the first one.
Then he sent day three, I think it was, he
sent troops to the Mexican border, saying America's sovereignty was
under attack. Day eleven, he blamed diversity Initiatives for a
plane crash in Washington, DC, and just after a fortnight
in office, foreign Aid staff were told not to come
(16:21):
to work. It was one of the first big targets
of Elin Musk's DOGE office. Trump went on to suggests
that the US should seize control of Gaza. He berated
Ukrainian President Vladimir Zelenski and praised Russian President Vladimir Putin,
and a journalist was added to a secure line that
was discussing an attack on Yemen. Highlights, so to speak.
(16:44):
Throughout law officials were rounding up I legal immigrants and
deporting them. A lot of the focus on that were
Venezuelan immigrants. Day seventy three was probably the big one.
Tariffs for one hundred and eighty five countries, including ten
per cent for Australia. Financial markets are still trying to recover.
You can't say he doesn't have energy. He does bring
(17:06):
a certain oomph to the.
Speaker 1 (17:08):
Job, enthusiasm for the power that is extraordinary. Up next
Sean is the Fear and Greed Daily interview with Johannes
Fall from Morning Star. Great conversation. Don't miss that when
it is coming up in the Fear and Greed playlist
on your podcast platform or at Fearangreed dot com dot au,
which is also where you sign up for our free
daily newsletter. If you haven't done it yet, make today
the day you sign up. It is entirely free.
Speaker 2 (17:30):
Thank you Sean, Thank you Michael.
Speaker 1 (17:32):
It is Wednesday, the thirtieth of April twenty twenty five.
Make sure you're following the podcast and please join us
online on LinkedIn, Instagram, x TikTok and Facebook. Oh, Michael Thompson,
and that was fear and greed. Have a great day.
Today on Fear and Greed. Energy Giant Woodside will spend
twenty seven billion dollars developing an LNG plant in Louisiana
in the south of the US, which would put it
among the major global gas producers. James Packer sets a
suburb record after selling a mansion in Beverly Hills, and
one hundred days of Donald Trump, plus the latest political
news ahead of Saturday's election, and the former boss of
(00:28):
Virgin Australia to take over Dan Murphy's owner in Devor Group.
Welcome to Fear and Greed, daily business news for people
who make their own decisions. It is Wednesday, the thirtieth
of April twenty twenty five. I'm Michael Thompson and good
morning Sean Aylmer.
Speaker 2 (00:42):
Morning, Michael.
Speaker 1 (00:43):
I am almost out of breath. It is such a
jam packed show today and it's also Sean a jam
packed daily newsletter today.
Speaker 2 (00:51):
It sure is gives you the five stories that you
really do need to know about before you hit the
desk this morning, a little bit of commentary from me,
some interesting stuff on airfares plenty in it this morning.
Speaker 1 (01:03):
Yeah, it's a really good addition. If you haven't signed
up for it already head along to fearangreed dot com
dot au. I'll put a link in today's show notes
as well. And the thing is it is entirely free
and it is in your inbox every morning by six o'clock.
Showing on with the main story, Woodside Energy will push
ahead with its twenty seven billion dollar LNG plant in Louisiana,
(01:24):
which will really put the group into the legion of
global gas giants. This is this is big.
Speaker 2 (01:29):
It's huge. Once producing gas and Louisiana, Woodside could provide
more than five percent of the world's LNG supply. The
board of Woodside green lighted the seventeen billion US that's
about twenty seven billion Aussie project, and it's due to
be completed in twenty twenty nine. The decision to proceed
comes after Woodside sold a forty percent steak in the
(01:49):
Gulf Coast development to a crowd called stone Peak. It's
an American infrastructure and real estate investor. The figures are
just huge now. Chief executive Meg O'Neill said that is
a game changer for Woodside. She said it will position
the company as a global LNG powerhouse and enable it
to deliver and during shareholder returns. Woodside will commit about
(02:11):
twelve billion dollars to building the Louisiana project, which has
a lifespan of more than four decades. Stone Speak will
fund the rest. Woodside share price jumped almost one percent
on the news.
Speaker 1 (02:23):
There's a bit, there's a lot in this right it
is a mega deal, arguably full of risk. Is it
unusual Sean to be signing off on such a massive
deal right now given the somewhat volatile Trump world that
we live in.
Speaker 2 (02:39):
Somewhat volatile. It is a bet on Donald Trump in
some respects. While there's plenty of uncertainty around the place.
Woodside's hoping that the administration will push ahead with plans
to burst energy exports from the US. If they do that,
Woodside is well placed. Now you think, you know, drill,
baby drill.
Speaker 1 (03:00):
That's fairly clear, and that was the president's own words.
Speaker 2 (03:03):
Yeah, and I mean drill, baby drill. That suggests there's
going to be this gte of oil and potentially gas
on the market. So that should depress that could depress prices.
I think what Woodside is sort of saying, and the
more realistic view is that the White House won't get
in the way of commercial decisions around oil and gas,
and that's probably paid in too. Mego O'Neill's thoughts there
(03:23):
beyond that, Given it takes years to get these projects
fully operational. This one's twenty twenty nine, which is actually
after Donald Trump leaves office. It's a bet that Trump
has changed the world forever now. Megan and Eil yesterday
said there's already heightened interest in buying L and G
from the US. There's also the environmental part of the story,
(03:43):
and it's a big one. There have been stories in
recent weeks of an outflow of funds from environmentally based ETFs.
People aren't investing into the environment story like there were
a couple of years ago. Now, LL and G is
a transition energy, it is not a green energy. So
Woodside is betting that the reversion away from the investing
(04:06):
in the environment, alongside the fact that it's taking a
long time for many economies to transition, will hold it
in good stead. The lifespan of this is about twenty
seventy so that's a long time. You know, that's more
than forty years forty five years that L and D
should be produced from this ascid by Woodside, So They
(04:30):
clearly think there's a role for gas for a long
way to go.
Speaker 1 (04:33):
It's a big story, and you've got to admire the courage.
I suppose to Meg O'Neil and the board to basically
just go, yep, we are all in. We are going
to commit to this.
Speaker 2 (04:43):
Yeah. I mean incredible amounts of money, sharehold of money,
and they're game for it's so good luck to them.
Speaker 1 (04:48):
Indeed, at local markets, how do they perform?
Speaker 2 (04:50):
Yesterday, it's a great day. The SPISX two hundred closed
up at a two month high, notwithstanding a pretty ordinary
night on Wall Street. The balls ended up nearly one
percent to eight thousand and seventy one points four consecutive
days of rises.
Speaker 1 (05:02):
Michael.
Speaker 2 (05:02):
Good day for the tech stocks and Weis Tech led
the way there so for the property companies Goodman Group
and Mervak. But the big murders again were the uranium stocks.
Now about a week ago they've been sold down. Since then,
they are on a tear. So Boss Energy, Deep Yellow,
Paladin Energy, Paladin Energy all up around ten percent yesterday.
(05:24):
Paladin's up more than forty percent in just five trading sessions.
Speaker 1 (05:28):
Quite the run, yeah, indeed, and the Aussie dollar sean
has hit a new high for twenty twenty five at.
Speaker 2 (05:35):
Least Yes, well a week greenback helped the local unit
push towards sixty four and a half at US sense
confusion over exactly what the tariff policy is around the
place mean has put pressure on the US dollar. The
latest on that, US Treasury Secretary Scott Besant said America
is focusing on talks with nations other than China, and
the administration also said it's reduced the impact of automotive
(05:56):
tariffs by alleviating some duties and posts on foreign parts.
Well that's good, but I mean, it's very hard to
know what anyone makes he means when it comes out
of the White House. At plenty going on in markets,
even bigger day to day though, of course it's inflation
day March Court. A CPI that comes in with an
underlying kind of annualized six month rate, there's a lot
(06:18):
in that. If we reckon the underlying rates running at
about two and a half two point six two point seven,
is likely to be a rate cut three weeks.
Speaker 1 (06:25):
Do you get excited on days like this?
Speaker 2 (06:27):
Yeah, it's great. It is great.
Speaker 1 (06:29):
It genuinely is. I can see it in your face,
so that it's one of those days where you actually
hang out for the release of the data.
Speaker 2 (06:36):
Yeah, because it really should tell us. I mean, in
twenty four hours are we seeing here say well, there's
a bit of this, there's a bit of that, because
that's what economics does to you. But assuming it's not
really bad, it should open the way for a rate cut.
Speaker 1 (06:49):
It's exciting and we'll have all of the details later
today as well, Sean. We've got so much still to
get through. Massive show today. We'll be back in a
moment with the rest of the day's business news sewn.
The election campaign continues, with the respective leaders nursing babies
(07:10):
and dogs, and protesters disrupting both sides of politics, and
an attack on Opposition leader Peter Dutton's electoral office.
Speaker 2 (07:18):
He welcome to country debate, I got a run While
both sides, Chris sized the other over spending initiatives, particularly
in the wake of the S and P Ratings Agency
warning about a potential down grade of Australia's triple A
credit rating. Opposition leader Peter Dutton was in Gilmour, the
most marginal seat in New South Wales. He was giving
a talk when anti nuclear protesters interrupted him. That was
(07:38):
probably the biggest interruption of the day. Also, a teenage
girl was arrested after a late night graffiti blitz at
one of Dutton's Queensland officers. I mean, three days to go,
I reckon it's a bit of a yeah election at
this point, like normally it bills and I thought it
would build in this last week. But if you go
through everything happened yesterday, I mean there were awkward moments
(08:04):
and quite lovely moments. And you actually pointed out off
here that Peter Dunton was holding a baby. It was
very comfortable holding a baby. It was just like a
nice because of his image to see him holding a baby. Absolutely,
Anthony ABERNIZI was holding a dog. Awkward. That dog didn't
want to be there, and I'm not sure that Alberanzi
wanted to.
Speaker 1 (08:23):
That's ill advised to be holding. I mean, babies is
one thing a dog. Anything can go.
Speaker 2 (08:29):
Baby has a n affyday three days ago though, really
Anthony Alberzi is still in prime position to win.
Speaker 1 (08:39):
Indeed, former Virgin Australian boss Jane Herdliker will be the
new CEO of Endeavor Group. The beleaguered pubs and liquor
store business that has promised plenty but really failed to
deliver for shareholders.
Speaker 2 (08:52):
Clearly, Jane Heard is not a fan of easy jobs.
She started a Day to Milk, did a really good
job there, then jumped into the Virgin business when it
went into private equity hands. She is now at Endeavor,
well she will be from January one next year. Interesting
what she didn't actually succeed doing it Virgin was get
a float away. She did actually get the airline back
(09:13):
up and running, but it hasn't listed on the AX
yet now and Deva, the owner of Dan Murphy's BWS
and a bunch of pubs, were spun out of all
Wards in twenty twenty one. Its share price today is
about two thirds of what it was when it's listed.
Has really struggled, particularly in its Dan Murphy's BWS business,
(09:33):
and Deva now has a new chair, two new non executives,
and in incoming CEO. Shareholders have been agitating, particularly Bruce Matheson,
who owns fifteen percent of it, for a change in direction.
I'd imagine that's exactly what they'll get with Janehrdliker. Her
goal really will be to turn around the pubs, get
the bottle shops firing again, and sort of shift the
(09:54):
business away from the mothership, which is Woollie's because you
remember last year when the Woollies distribution centers went down,
never suffered, so it's it really does need a strategic uplift,
shall we say?
Speaker 1 (10:06):
Yep?
Speaker 2 (10:06):
Its share price is that one percent yesterday?
Speaker 1 (10:09):
For an interesting take on all of this, you are
speaking after the show today with Johannes Fall from Morning Star.
Speaker 2 (10:15):
Yeah, so we ask him about Endeavor and what Dane
Herdlocker brings to the party. He has a very funny response,
not what I expected at all, and he goes through
why and Neva has underperformed. He sort of talks about
why he thinks price at the moment, I mean there's
some value in Endeavor, and then we kick into JB
(10:37):
hi Fi and Woolli's and Coals and other stocks like that.
Speaker 1 (10:41):
It is a really good chat.
Speaker 2 (10:42):
Yeah, great chat.
Speaker 1 (10:42):
Yeah, it covers a whole lot of stuff, so stick
around for that. One is coming up after the show.
Rio Tinto says it is uncertain whether it can continue
to operate its Belbay aluminium smelter after spending six years
unsuccessfully negotiating a new power to play agreement with the
Tasmanian government. Six years is a very time, especially when
(11:04):
it doesn't actually end in a positive result.
Speaker 2 (11:06):
Yeah, Like, aluminium smelters are really big power consumers. In fact,
they're the biggest of the manufacturers, and RIO wants to
go green. They've got decarbonization agenda. The Bell based smelter
in Tasmania is the only one of its smelters in
Australia which actually uses renewable energy. So that's why RIO
is so keen to get this one going. It's got
(11:28):
eight months before its existing deal with the state government's
Hydro Tasman with the State Government's Hydro Tasmania expires. According
to the finn Review, Yakub stays home. The chief executive
has promised to work towards a viable low carbon future
for its Australation smelters one in New Zealand three here,
though certainly his patience is being tested on this one.
(11:49):
He's also facing a decision on the future of the
New South Wales Tomago smelter in coming months. So you're
gonna ask me a question, You got your hand up
going to.
Speaker 1 (12:00):
Say sure, it's Tomago or is it Tomogo?
Speaker 2 (12:02):
It's Tomoga.
Speaker 1 (12:03):
Yeah, there you go.
Speaker 2 (12:04):
That's right, Thank you, Michael. That's what I'm here for anyway,
Tomoga Bell Bay. They're negotiating, Sean.
Speaker 1 (12:12):
Can we talk about James Packer. Yes, it's pretty much
withdrawn from the public eye, but this has definitely put
him back into the headlines. This one. He has sold
his Beverly Hills mansion for ninety three million dollars and
what is reportedly the most expensive property deal in the
suburb this year.
Speaker 2 (12:32):
Now, well, I don't know whether he needed the cash,
right he earlier in the year he bought a mega
mansion in a neighboring suburb for one hundred and seventy
four million dollars.
Speaker 1 (12:44):
It doesn't need to do No, he doesn't.
Speaker 2 (12:46):
He doesn't. He calls Los Angeles home. Nowadays. The mansion
he has just old has twelve bedrooms, eighteen bathrooms. I mean,
how many cans? Do you know?
Speaker 1 (12:57):
What's what is the likelihood of every single one being
in new at the same time and the dust like
if you just have like like a massive like curry
function or something. I'm living on Mexican cis it hits.
Speaker 2 (13:10):
On twenty seven hundred square meters, also got a wine cellar,
a screening room, as a gar lounge, a gym and
a beauty salon. According to a story in The Australian,
it was previously owned by actor Danny de Vito m
and his right wife Ria Pullman. James Packer's ranked twenty
seven on Australia's Riches two hundred and fifty worth round
five point one billion dollars, had a very good twenty
(13:32):
twenty four. He last played a prominent role in the
Australian business community in late twenty twenty two, when he
sold his stake in Crown Resorts to private equity firm
Blackstone and got about three point three billion dollars for that.
You've almost stopped your laughter about the years of eighteen bathrooms.
Let's move on.
Speaker 1 (13:49):
You've you served a particularly vicious windaloo.
Speaker 2 (13:51):
For instance, in international news this morning.
Speaker 1 (13:54):
Prime Minister Mark Carney's Liberal Party one Canada's federal election yesterday,
which is quite incredible considering the turnaround from if you
think back kind of six weeks two months ago. It
caps this about face in fortunes that has been fueled
by Donald Trump's annexation threats and trade war. It is just.
(14:16):
It is an incredible story.
Speaker 2 (14:18):
It is and August is actually very well for Anthony
Albernezi because incumbents in elections in a Trump era seems
to have done very well. After Pol's closed, the Liberals
were projected to win more of the The Liberals in
Canada are the left leaning party. They'd be confused by that.
They are projected to win more of the parliaments three
hundred and forty three seats than the Conservative Party, though
(14:39):
it wasn't immediately here if clear if they could actually
form an outright majority, they may have to rely on
one or more smaller parties to form a government and
pass legislations. The Liberals definitely looked headed for a crushing
defeat until Trump took over. He started attacking Canada's economy.
He threatened its sovereignty. He suggested it should become the
(14:59):
few first state. According to Reuters, those comments infuriated Canadians,
triggering a surge in nationalism that helped the Liberals flip
the election narrative and win a fourth straight term in power. Now,
even with the Canadians coming to terms with just a
horrendous weekend after that attack at the Vancouver Street Festival,
(15:22):
where I think was nine was killed. On election Day,
Trump was trolling them, suggesting on social media that he
was on their ballot and repeating that Canada should become
the fifty first state. Come on, beggars belief.
Speaker 1 (15:38):
Speaking of Donald Trump, the president is celebrating one hundred
days in office. And what a one hundred days it has.
It's been a Whirlwind's redefined global relations and the international
economy broadly. What are the what are the highlights?
Speaker 2 (15:55):
Sean the menorable moments about that?
Speaker 1 (15:57):
That's probably a better way to fall.
Speaker 2 (15:59):
But one of the first existive orders was to release
rioters from the January sixth, twenty twenty one attack on
Capitol Hill from jail. That might have been the first one.
Then he sent day three, I think it was, he
sent troops to the Mexican border, saying America's sovereignty was
under attack. Day eleven, he blamed diversity Initiatives for a
plane crash in Washington, DC, and just after a fortnight
in office, foreign Aid staff were told not to come
(16:21):
to work. It was one of the first big targets
of Elin Musk's DOGE office. Trump went on to suggests
that the US should seize control of Gaza. He berated
Ukrainian President Vladimir Zelenski and praised Russian President Vladimir Putin,
and a journalist was added to a secure line that
was discussing an attack on Yemen. Highlights, so to speak.
(16:44):
Throughout law officials were rounding up I legal immigrants and
deporting them. A lot of the focus on that were
Venezuelan immigrants. Day seventy three was probably the big one.
Tariffs for one hundred and eighty five countries, including ten
per cent for Australia. Financial markets are still trying to recover.
You can't say he doesn't have energy. He does bring
(17:06):
a certain oomph to the.
Speaker 1 (17:08):
Job, enthusiasm for the power that is extraordinary. Up next
Sean is the Fear and Greed Daily interview with Johannes
Fall from Morning Star. Great conversation. Don't miss that when
it is coming up in the Fear and Greed playlist
on your podcast platform or at Fearangreed dot com dot au,
which is also where you sign up for our free
daily newsletter. If you haven't done it yet, make today
the day you sign up. It is entirely free.
Speaker 2 (17:30):
Thank you Sean, Thank you Michael.
Speaker 1 (17:32):
It is Wednesday, the thirtieth of April twenty twenty five.
Make sure you're following the podcast and please join us
online on LinkedIn, Instagram, x TikTok and Facebook. Oh, Michael Thompson,
and that was fear and greed. Have a great day.
Popular Podcasts
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.
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
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.