Today on Fear and Greed, Asik accuses the former directors of failed airline Regional Express of misleading investors, hundreds of retail employees to lose their jobs as a major retailer closes stores and Elon Musk's SpaceX is now worth more than half a trillion dollars, plus soaring coffee prices and tumbling business sentiments. Welcome to Fear and Greed. Daily business news for people who make their own decisions. It is Thursday, the twelfth of December twenty twenty four. I'm Michael Thompson, and good morning, Sean Aylmer. Morning Michael, twelfth of the twelfth, twenty four. There's some serious symmetry in that date. Oh, you are way too satisfied by numbers, Sean. You're working on the right podcast for someone who lovestrues, aren't you? The main story this morning, the Corporate watchdog has accused four directors of failed airline Regional Express, including former Howard government minister John Sharp, of misleading the market about the airlines finances.

Today on Fear and Greed, Asik accuses the former directors of failed airline Regional Express of misleading investors, hundreds of retail employees to lose their jobs as a major retailer closes stores and Elon Musk's SpaceX is now worth more than half a trillion dollars, plus soaring coffee prices and tumbling business sentiments. Welcome to Fear and Greed. Daily business news for people who make their own decisions. It is Thursday, the twelfth of December twenty twenty four. I'm Michael Thompson, and good morning, Sean Aylmer. Morning Michael, twelfth of the twelfth, twenty four. There's some serious symmetry in that date. Oh, you are way too satisfied by numbers, Sean. You're working on the right podcast for someone who lovestrues, aren't you? The main story this morning, the Corporate watchdog has accused four directors of failed airline Regional Express, including former Howard government minister John Sharp, of misleading the market about the airlines finances.

The Australian Securities and Investments Commission alleges the directors told shareholders there was a path to profitability for Rex when they knew there wasn't a hope. It alleges that the directors failed to disclose a material downgrade even when they should have known in Fredbury last year that Rex wasn't going to make it. The company eventually announced a loss in June last year. It actually called in the administrators in July this year. Mister Sharpe yesterday said he will defend the allegations. He said he did nothing wrong. Now REX is an administration and thanks to government funding, it is still flying its regional roots. Where it came a cropper was that it pushed into that Brisbane, Sydney Melbourne market. It was taking on Virgin and quantas didn't work. In the end it has had to pull back just to its regional roots and that's with government support.

The Australian Securities and Investments Commission alleges the directors told shareholders there was a path to profitability for Rex when they knew there wasn't a hope. It alleges that the directors failed to disclose a material downgrade even when they should have known in Fredbury last year that Rex wasn't going to make it. The company eventually announced a loss in June last year. It actually called in the administrators in July this year. Mister Sharpe yesterday said he will defend the allegations. He said he did nothing wrong. Now REX is an administration and thanks to government funding, it is still flying its regional roots. Where it came a cropper was that it pushed into that Brisbane, Sydney Melbourne market. It was taking on Virgin and quantas didn't work. In the end it has had to pull back just to its regional roots and that's with government support.

Sean a couple of questions about this. Does it really matter given REX is already an administration And the second question, given the government has provided REX with what was an eighty million dollar lifeline, I think it is what are the political implications of this kind of thing?

Sean a couple of questions about this. Does it really matter given REX is already an administration And the second question, given the government has provided REX with what was an eighty million dollar lifeline, I think it is what are the political implications of this kind of thing?

Well, the second one. First, Joe Longer, the head of Assex said the Treasurer Jim Chalmers, was briefed about what was going on well ahead of the eighty million dollar bailout that came quite a few weeks ago. Now, I don't know if that money's a loan or a grant. The government hasn't actually told us that, but it certainly allows Rex to keep flying. It might put pressure on the government, but I just don't think the nationals again to be particularly upset that the government, the federal government is funding regional flights. So I'm not sure whether the Coalition will put too much pressure on Labor on this one. On the first question, Joe Longo, the ASEK boss, said, high standards of corporate governance are critical and underscore a successful business. That's true where I think it matters this time around. I mean, every shareholder counts, and if you listen to the ASEX you have to follow the rules. But Rex is just a little bit more than any old company. It's almost national infrastructure. It flies people to regional Australia, which is something that all governments want to happen. As a result, everyone, shareholders, customers, the government. They should be able to trust what Rex says. Now, the accllegation is that you can't trust what Rex says, so it is very serious, and I definitely think this should go to court if that's where it ends up.

Well, the second one. First, Joe Longer, the head of Assex said the Treasurer Jim Chalmers, was briefed about what was going on well ahead of the eighty million dollar bailout that came quite a few weeks ago. Now, I don't know if that money's a loan or a grant. The government hasn't actually told us that, but it certainly allows Rex to keep flying. It might put pressure on the government, but I just don't think the nationals again to be particularly upset that the government, the federal government is funding regional flights. So I'm not sure whether the Coalition will put too much pressure on Labor on this one. On the first question, Joe Longo, the ASEK boss, said, high standards of corporate governance are critical and underscore a successful business. That's true where I think it matters this time around. I mean, every shareholder counts, and if you listen to the ASEX you have to follow the rules. But Rex is just a little bit more than any old company. It's almost national infrastructure. It flies people to regional Australia, which is something that all governments want to happen. As a result, everyone, shareholders, customers, the government. They should be able to trust what Rex says. Now, the accllegation is that you can't trust what Rex says, so it is very serious, and I definitely think this should go to court if that's where it ends up.

All right, Moving on Shaw, nearly five hundred employees of fashion group Mosaic Brands will lose their jobs as administrators close a number of its well known retail stores and shutter the Katy's brand forever.

All right, Moving on Shaw, nearly five hundred employees of fashion group Mosaic Brands will lose their jobs as administrators close a number of its well known retail stores and shutter the Katy's brand forever.

You are Katie's buyer, Michael, I'm guessing not perhaps for your mother.

You are Katie's buyer, Michael, I'm guessing not perhaps for your mother.

It's you know, well, it is women's wear, So I didn't shop there. Personally, feels like we're going into a strange place here. Were you a Katie's shopper?

It's you know, well, it is women's wear, So I didn't shop there. Personally, feels like we're going into a strange place here. Were you a Katie's shopper?

No, I don't think I've ever been to Katie's store, but I mean it was sort of probably for the mature woman. Maybe it wasn't. I mean, I don't know. I've never shopped there anyway.

No, I don't think I've ever been to Katie's store, but I mean it was sort of probably for the mature woman. Maybe it wasn't. I mean, I don't know. I've never shopped there anyway.

Do you regret asking me that question now? Just because it's just.

Do you regret asking me that question now? Just because it's just.

There's a bunch of Mosaic brands right that, like Millers and Rivers and Nonny b which are always in the big malls. I must say I've been into Rivers in my local town country, New South Wales. There was a Rivers.

There's a bunch of Mosaic brands right that, like Millers and Rivers and Nonny b which are always in the big malls. I must say I've been into Rivers in my local town country, New South Wales. There was a Rivers.

Yeah.

Yeah.

I don't think I've ever been into ninety B there.

I don't think I've ever been into ninety B there.

Yeah, I remember going to Rivers quite a bit in Lismore, right, Yeah, yeah, because it gets kind of like a winter jacket and boots and stuff like that. Yeah. Yeah, but and it was always quite affordable anyway.

Yeah, I remember going to Rivers quite a bit in Lismore, right, Yeah, yeah, because it gets kind of like a winter jacket and boots and stuff like that. Yeah. Yeah, but and it was always quite affordable anyway.

Yes, the point is you may not be able to do that because receivers of Mosaic brands will close one hundred and sixty stores. The company went into voluntary administration back in October. While Katie's has been closed totally, the sale process for Mosaic Brand Group continues. Some of the stores, like Miller's, Rivers, Nonny b some outlets will close. Doesn't mean the whole brand is going to be shut down. Mosaic has about twenty seven hundred employees more than seven hundred stores nationwide. It's already exited from a bunch of brands, so Rockland's, Autograph, Crossroads, w Lane, b Me brands they've all closed. Hasn't really been a very good year for retailers. Godfrees went under. I think of Godfrees as a vacuum cleaner brand, which is primarily what it was. That was in January, Booktopia went into voluntary administration. That one hurt you, Michael, I know, yes, there was the Bestin's Global Food company as well. Not a great year for retailers, really.

Yes, the point is you may not be able to do that because receivers of Mosaic brands will close one hundred and sixty stores. The company went into voluntary administration back in October. While Katie's has been closed totally, the sale process for Mosaic Brand Group continues. Some of the stores, like Miller's, Rivers, Nonny b some outlets will close. Doesn't mean the whole brand is going to be shut down. Mosaic has about twenty seven hundred employees more than seven hundred stores nationwide. It's already exited from a bunch of brands, so Rockland's, Autograph, Crossroads, w Lane, b Me brands they've all closed. Hasn't really been a very good year for retailers. Godfrees went under. I think of Godfrees as a vacuum cleaner brand, which is primarily what it was. That was in January, Booktopia went into voluntary administration. That one hurt you, Michael, I know, yes, there was the Bestin's Global Food company as well. Not a great year for retailers, really.

Tough time for retail The best in Global Food Company, I'm not hugely familiar with that one, No me, neither Michael, and now unfortunately we may never be Sean. After the show, We've got plenty more still coming up. But afterwards, stick around. There's an interview coming up today with Damian Kasabji, who is the CEO of the Tech Council of Australia.

Tough time for retail The best in Global Food Company, I'm not hugely familiar with that one, No me, neither Michael, and now unfortunately we may never be Sean. After the show, We've got plenty more still coming up. But afterwards, stick around. There's an interview coming up today with Damian Kasabji, who is the CEO of the Tech Council of Australia.

Yes, so we talk all about AI and where Australia stands in the AI world, how Australia Congress, the opportunity that artificial intelligence is providing to us, what the government needs to do. It's a really mean it's a great big picture look at one of the mega trends of the next twenty thirty forty years.

Yes, so we talk all about AI and where Australia stands in the AI world, how Australia Congress, the opportunity that artificial intelligence is providing to us, what the government needs to do. It's a really mean it's a great big picture look at one of the mega trends of the next twenty thirty forty years.

All right, we've got plenty still coming up. We're talking business sentiment. We are talking about Elon Musk's SpaceX being valued at around half a trillion dollars. We're talking about Colgate and palm ol if, a bunch of new products and things Sewan. We got so much still to come. Stick around. We'll be back in a moment with the rest of the day's business news sewn. Business sentiment fell last month after a short lived spike, but inflation pressures in the economy look to be easy.

All right, we've got plenty still coming up. We're talking business sentiment. We are talking about Elon Musk's SpaceX being valued at around half a trillion dollars. We're talking about Colgate and palm ol if, a bunch of new products and things Sewan. We got so much still to come. Stick around. We'll be back in a moment with the rest of the day's business news sewn. Business sentiment fell last month after a short lived spike, but inflation pressures in the economy look to be easy.

It all comes from the National Australia Bank Business Survey. Pretty good news really, particularly on the back of the Reserve Banks comments the day before yesterday. The survey shows business sentiment tumbled in November, although business conditions remain resilient, albeit they're heading lower. Forward looking indicators in the survey forward orders, for example, remain quite weak. Now when I say good news. We don't like it when business sediment tumbles, obviously, but if we are hoping to get inflation down, this is the sort of survey that suggests it's on the way there. NAB's employment index, for example, is trending lower. That suggests fewer jobs in coming months, or at least less jobs growth is probably more accurate. Also, it does a survey of price pressures. Good guy to inflation. They continue to trend lower. The bottom line from the NAB surveys the economy is slowing and inflation continues to head south.

It all comes from the National Australia Bank Business Survey. Pretty good news really, particularly on the back of the Reserve Banks comments the day before yesterday. The survey shows business sentiment tumbled in November, although business conditions remain resilient, albeit they're heading lower. Forward looking indicators in the survey forward orders, for example, remain quite weak. Now when I say good news. We don't like it when business sediment tumbles, obviously, but if we are hoping to get inflation down, this is the sort of survey that suggests it's on the way there. NAB's employment index, for example, is trending lower. That suggests fewer jobs in coming months, or at least less jobs growth is probably more accurate. Also, it does a survey of price pressures. Good guy to inflation. They continue to trend lower. The bottom line from the NAB surveys the economy is slowing and inflation continues to head south.

And Sean, what's the fallout been from the Reserve Bank Board meeting on Tuesday?

And Sean, what's the fallout been from the Reserve Bank Board meeting on Tuesday?

Quite remarkable how quickly the mood has slung swung towards a rate cut in the first half of next year. People are now saying February April, a lot of emphasis on the slowing of the economy in the commentary over the past twenty four hours. This is from the market economists. I think they might be a little bit optimistic still, Like I still think it's going to be the middle of next year before the Reserve Bank does anything. In markets, CESMPAX two hundred finished down half percent to eight thousand, three hundred and fifty four points. It's actually fairly quiet day on the market. Techtoks were among the worst performers. Wise Tech was off three percent. The property companies were among the best. Goodwin Group jump nearly two percent. Big Minus were mixed banks, Wallowa West Farmers jumped one percent.

Quite remarkable how quickly the mood has slung swung towards a rate cut in the first half of next year. People are now saying February April, a lot of emphasis on the slowing of the economy in the commentary over the past twenty four hours. This is from the market economists. I think they might be a little bit optimistic still, Like I still think it's going to be the middle of next year before the Reserve Bank does anything. In markets, CESMPAX two hundred finished down half percent to eight thousand, three hundred and fifty four points. It's actually fairly quiet day on the market. Techtoks were among the worst performers. Wise Tech was off three percent. The property companies were among the best. Goodwin Group jump nearly two percent. Big Minus were mixed banks, Wallowa West Farmers jumped one percent.

At New South Wales Premier Chris mint has called an anti Semitic attack in Wallara in Sydney disgraceful and disgusting. Sean.

At New South Wales Premier Chris mint has called an anti Semitic attack in Wallara in Sydney disgraceful and disgusting. Sean.

The apparent anti Semitic slogans were graffited across two buildings in a car a set of light in Sydney's East yesterday morning. Of course, it follows the fire bombing of a Jewish synagogue last week in Melbourne. It's the second attack in Wallara in Sydney's East. It's home to many Jewish people, including in synagogue. That prior minister also spoke about it. He said there was no place for anti Semitism in Australia. He described it as evil and called for national unity.

The apparent anti Semitic slogans were graffited across two buildings in a car a set of light in Sydney's East yesterday morning. Of course, it follows the fire bombing of a Jewish synagogue last week in Melbourne. It's the second attack in Wallara in Sydney's East. It's home to many Jewish people, including in synagogue. That prior minister also spoke about it. He said there was no place for anti Semitism in Australia. He described it as evil and called for national unity.

A diversified minor, South thirty two share price fell four percent yesterday after it said escalating civil unrest in Mozambique has slowed transport to and from the company's operations.

A diversified minor, South thirty two share price fell four percent yesterday after it said escalating civil unrest in Mozambique has slowed transport to and from the company's operations.

South thirty two is quite an interesting company, spun out of BHP, minds all sorts of commodities, baux site, alumina, aluminium, copper, zinc, lead, silver, nickel, manganese. It has mines in Australia, South America and Southern Africa. The mine it's worried about is the Mosa aluminum plant in Mozambique. Yesterday, Thouth thirty two put out a statement said it's looking after the safety and well being of people. That's its most important role. But it did downgrade what sort of earnings from that particularly particular plant. It just demonstrates sovereign risk. My Zenbeak's been rocked by protests over dispute elections. At least one hundred people have died, according to media reports, most of them demonstrators shot during classes with police. Hundreds more have been injured, thousands arrested. Of course, we had Resolute Mining CEO Terence hollahand held captive in Marli until the miner paid a two hundred and fifty million dollars demand from the government. It really made me what happened is happening in SOAUTH thirty two. What happened with Resolute Mining does show the risk of mining in some of these regions shown.

South thirty two is quite an interesting company, spun out of BHP, minds all sorts of commodities, baux site, alumina, aluminium, copper, zinc, lead, silver, nickel, manganese. It has mines in Australia, South America and Southern Africa. The mine it's worried about is the Mosa aluminum plant in Mozambique. Yesterday, Thouth thirty two put out a statement said it's looking after the safety and well being of people. That's its most important role. But it did downgrade what sort of earnings from that particularly particular plant. It just demonstrates sovereign risk. My Zenbeak's been rocked by protests over dispute elections. At least one hundred people have died, according to media reports, most of them demonstrators shot during classes with police. Hundreds more have been injured, thousands arrested. Of course, we had Resolute Mining CEO Terence hollahand held captive in Marli until the miner paid a two hundred and fifty million dollars demand from the government. It really made me what happened is happening in SOAUTH thirty two. What happened with Resolute Mining does show the risk of mining in some of these regions shown.

The Sigma Healthcare chemist warehouse retailer could hit the ASX as early as February, with details around the shareholder vote to be released in the next few weeks.

The Sigma Healthcare chemist warehouse retailer could hit the ASX as early as February, with details around the shareholder vote to be released in the next few weeks.

We didn't expect that. Actually it's a twenty eight point nine billion dollar merger. Wouldn't it be a great way to kick off the market next year If we ended up having this deal hit the BOSS in February, Sigma one s implementation in the next couple of months. It's already had most of its rediatory agreements, including the Hablec's green light. It just needs shareholders to vote yes now.

We didn't expect that. Actually it's a twenty eight point nine billion dollar merger. Wouldn't it be a great way to kick off the market next year If we ended up having this deal hit the BOSS in February, Sigma one s implementation in the next couple of months. It's already had most of its rediatory agreements, including the Hablec's green light. It just needs shareholders to vote yes now.

The chief executive of Dazone has been in Australia this week as the British global sports streaming platform, which is backed by the billionaire businessman Len Blovatnik, assesses a bid for news Corps Foxtel.

The chief executive of Dazone has been in Australia this week as the British global sports streaming platform, which is backed by the billionaire businessman Len Blovatnik, assesses a bid for news Corps Foxtel.

Shay Segev, who previously led London listed sports betting John and Tain, has been holding meetings in Australia as the company considers whether it to make an offer for Foxtel. According to a report in The Financial Review, Foxhill operates its pay television business as well as streaming platforms KO Sports and bid Binge. Design has acquired broadcasting businesses over the past two years from around the world as it attempts to build a major sports streaming platform. Foxtel is sixty five percent owned by news Corp thirty five percent owned by Telstra. It's been up for sales since August and.

Shay Segev, who previously led London listed sports betting John and Tain, has been holding meetings in Australia as the company considers whether it to make an offer for Foxtel. According to a report in The Financial Review, Foxhill operates its pay television business as well as streaming platforms KO Sports and bid Binge. Design has acquired broadcasting businesses over the past two years from around the world as it attempts to build a major sports streaming platform. Foxtel is sixty five percent owned by news Corp thirty five percent owned by Telstra. It's been up for sales since August and.

Just quickly Sean Australia has a new life insurance brand a sender. It is called after the merger of MLC Life Insurance and Resolution Life.

Just quickly Sean Australia has a new life insurance brand a sender. It is called after the merger of MLC Life Insurance and Resolution Life.

Now Life Insurance may not sound super interesting, but did you know this new business Ascender will have two million customers, thirty billion dollars of assets under management. I REGON that makes it pretty interesting.

Now Life Insurance may not sound super interesting, but did you know this new business Ascender will have two million customers, thirty billion dollars of assets under management. I REGON that makes it pretty interesting.

That's big.

That's big.

Yeah, it's huge because when you fill out often it's people in superannuation funds that you get your life insurance through super. And we've got some really big life insurance companies in this country.

Yeah, it's huge because when you fill out often it's people in superannuation funds that you get your life insurance through super. And we've got some really big life insurance companies in this country.

It's something that we talk about on our sister podcast how do they afford that a lot about and about the importance of actually doing an assessment of your insurance because a lot of people actually have not necessarily over insured, but they have insurance that they are not aware of and that they aren't aware that they are paying for. And it just pays to go and check what you are paying for in your super, what you've got outside of superannuation as well. Just do an insurance audit. There we go.

It's something that we talk about on our sister podcast how do they afford that a lot about and about the importance of actually doing an assessment of your insurance because a lot of people actually have not necessarily over insured, but they have insurance that they are not aware of and that they aren't aware that they are paying for. And it just pays to go and check what you are paying for in your super, what you've got outside of superannuation as well. Just do an insurance audit. There we go.

Excellent idea. Well, this Ascender group, it's basically the result of nip On Life in Insurance, a Japanese company it owns eighty percent of MLC Life. It bought a group called Resolution Life, which is listed on the London Exchange. So Nippon's bought Resolution. Nippon already owns eighty percent of MLCA Life in Australia, so it means the Aussie subsidiary of Resolution Life now goes to Nippon. So that means Nipon's got Resolution Life in Australia and eighty percent of Malca Life. The other twenty percent is owned by National Australia Bank. It was happy to sell it for about half a billion dollars that was announced yesterday. Slightly tangentile, but interesting the sale by National Australia Bank and decades of involvement in the life business by Australia's big four banks. We've now had ain Z, commonwealf Bank, Westpac and National Australia Bank yesterday selling their life insurance businesses over recent years.

Excellent idea. Well, this Ascender group, it's basically the result of nip On Life in Insurance, a Japanese company it owns eighty percent of MLC Life. It bought a group called Resolution Life, which is listed on the London Exchange. So Nippon's bought Resolution. Nippon already owns eighty percent of MLCA Life in Australia, so it means the Aussie subsidiary of Resolution Life now goes to Nippon. So that means Nipon's got Resolution Life in Australia and eighty percent of Malca Life. The other twenty percent is owned by National Australia Bank. It was happy to sell it for about half a billion dollars that was announced yesterday. Slightly tangentile, but interesting the sale by National Australia Bank and decades of involvement in the life business by Australia's big four banks. We've now had ain Z, commonwealf Bank, Westpac and National Australia Bank yesterday selling their life insurance businesses over recent years.

That's the end of an era, Sean.

That's the end of an era, Sean.

It is I mean very appropriate for a life insurance business at an end of an era had.

It is I mean very appropriate for a life insurance business at an end of an era had.

To happen at some point. Now, the international news shown this story is incredible, isn't it. Elon Musk's SpaceX has been valued at around three hundred and fifty billion US dollars. That is up about this is the staggering part, up about sixty five percent in three months, three.

To happen at some point. Now, the international news shown this story is incredible, isn't it. Elon Musk's SpaceX has been valued at around three hundred and fifty billion US dollars. That is up about this is the staggering part, up about sixty five percent in three months, three.

To fifty billion US, about half a trillion Aussie dollar so SpaceX designs bills and launches rockets and spacecraft. Founded by Musk in two thousand and two, It's also got offshots like Starlink, the Starlink satellites which flowed around the globe and many Australians in regional and rural Australia used as Starlink services. It's private, so it isn't particularly easy to value, but shareholders have agreed to purchase shares. As a result, you get evaluation. According to Bloomberg, the per share price is now one hundred and eighty five US dollars, less than three months ago was one hundred and twelve dollars. That difference sixty five percent appreciation in just three months. Of course, we had Donald Trump being elected in that time and all of the Musk's as it seemed to have done very well since Donald Trump was elected. It certainly makes space x the most valuable private startup in the world.

To fifty billion US, about half a trillion Aussie dollar so SpaceX designs bills and launches rockets and spacecraft. Founded by Musk in two thousand and two, It's also got offshots like Starlink, the Starlink satellites which flowed around the globe and many Australians in regional and rural Australia used as Starlink services. It's private, so it isn't particularly easy to value, but shareholders have agreed to purchase shares. As a result, you get evaluation. According to Bloomberg, the per share price is now one hundred and eighty five US dollars, less than three months ago was one hundred and twelve dollars. That difference sixty five percent appreciation in just three months. Of course, we had Donald Trump being elected in that time and all of the Musk's as it seemed to have done very well since Donald Trump was elected. It certainly makes space x the most valuable private startup in the world.

And don't forget what else has happened during that time was SpaceX just absolutely pardon the pun, rocketed into the global conscience, Sean consciousness, and because of the big grabber. Yeah, and I know there's a much better technical term for it, But I mean that that video of that big rocket booster coming back down to Earth and being caught snatched out of the air by that landing pad really just made SpaceX a household.

And don't forget what else has happened during that time was SpaceX just absolutely pardon the pun, rocketed into the global conscience, Sean consciousness, and because of the big grabber. Yeah, and I know there's a much better technical term for it, But I mean that that video of that big rocket booster coming back down to Earth and being caught snatched out of the air by that landing pad really just made SpaceX a household.

Name right absolutely. It also has helped NASA out in terms of the International Space Station in recent months too.

Name right absolutely. It also has helped NASA out in terms of the International Space Station in recent months too.

This activate the space grabber Sean Colgate palm Olive is soliciting feedback on poss new products from digital versions of prospective consumers. How does this work?

This activate the space grabber Sean Colgate palm Olive is soliciting feedback on poss new products from digital versions of prospective consumers. How does this work?

Well? Colgate has built what they are calling digital twins, that a program to simulate a real life consumer or real life consumers. What they're trying to do is speed up the process of coming up with new and enhanced products by doing testing. According to a report on routers, the computerized consumers respond and react to claims and new features of possible new products. How oh, I don't know? Does a digital version of me know what toothpaste tastes like? Don't know? Companies can also make digital twins of their supply chains, for example, allowing them to analyze where problems may arise and how to fix them. Consumer goods makers like Colgate are trying very hard to develop new versions of household staples like toothpaste, toilet paper, et cetera. Basically need customers to buy more and to pay more because they've really had a tough time of it. Colgate Palmulov gone the digital twins. That one is beyond me.

Well? Colgate has built what they are calling digital twins, that a program to simulate a real life consumer or real life consumers. What they're trying to do is speed up the process of coming up with new and enhanced products by doing testing. According to a report on routers, the computerized consumers respond and react to claims and new features of possible new products. How oh, I don't know? Does a digital version of me know what toothpaste tastes like? Don't know? Companies can also make digital twins of their supply chains, for example, allowing them to analyze where problems may arise and how to fix them. Consumer goods makers like Colgate are trying very hard to develop new versions of household staples like toothpaste, toilet paper, et cetera. Basically need customers to buy more and to pay more because they've really had a tough time of it. Colgate Palmulov gone the digital twins. That one is beyond me.

Finally, Sean coffee prices continue to run, with Arabica beans now at their highest level since records began in nineteen seventy two, beating the previous all time high from nineteen seventy seven. That's a long standing record.

Finally, Sean coffee prices continue to run, with Arabica beans now at their highest level since records began in nineteen seventy two, beating the previous all time high from nineteen seventy seven. That's a long standing record.

It sure is. Prices are up eighty percent this year after poor weather conditions in the world's largest produce, the Brazil, hammered crops not just this year's crop, but it would really hurt next year's crop as well. Ne Cafe, the world's biggest buyer off coffee, is upping prices. I reckon your brewster will too before we lead commodity market Sprent crude is trading around seventy three US dollars a barrel, goals up towards twenty seven hundred US dollars an ounce in Australian dollars because the AUSI door is week against the US dollars. Gold is very close to a record high the AUSSI doll itself. It's fetching about sixty three point six US since Michael, all right, good.

It sure is. Prices are up eighty percent this year after poor weather conditions in the world's largest produce, the Brazil, hammered crops not just this year's crop, but it would really hurt next year's crop as well. Ne Cafe, the world's biggest buyer off coffee, is upping prices. I reckon your brewster will too before we lead commodity market Sprent crude is trading around seventy three US dollars a barrel, goals up towards twenty seven hundred US dollars an ounce in Australian dollars because the AUSI door is week against the US dollars. Gold is very close to a record high the AUSSI doll itself. It's fetching about sixty three point six US since Michael, all right, good.

Play to finish things today, Sean. Up next is the Fear and Greed Daily Interview. Your guest today Damian Kasabji, who is the Chief Executive of the Tech Council of Australia, all about whether Australia is falling behind on AI. It's a great listen. It is in the Fear and Greed playlist on your podcast platform or at Fearangreed dot com dot au. Thank you very much, Sean.

Play to finish things today, Sean. Up next is the Fear and Greed Daily Interview. Your guest today Damian Kasabji, who is the Chief Executive of the Tech Council of Australia, all about whether Australia is falling behind on AI. It's a great listen. It is in the Fear and Greed playlist on your podcast platform or at Fearangreed dot com dot au. Thank you very much, Sean.

Thank you, Michael.

Thank you, Michael.

It is Thursday, the twelfth of December twenty twenty four. Make sure you're following the podcast and please join us online on LinkedIn, Instagram, x TikTok and Facebook. I'm Michael Thompson and that was Fear and Greed. Have a great day.

It is Thursday, the twelfth of December twenty twenty four. Make sure you're following the podcast and please join us online on LinkedIn, Instagram, x TikTok and Facebook. I'm Michael Thompson and that was Fear and Greed. Have a great day.