Latest / The Kenny Report / The Kenny Report | 5 August

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The Kenny Report | 5 August · The Kenny Report

• 0:01
  Speaker 1: Line from the Skying You Center. This is the Kenny Report.
• 0:06
  Speaker 2: Welcome to another busy week here on the Kenny Report. Tonight,
• 0:10
  Speaker 2: the terrorism threats, social cohesion and war in the Middle East,
• 0:14
  Speaker 2: major ramifications overseas and at home as we see riots
• 0:18
  Speaker 2: in the UK, the world awaiting next steps from Iran
• 0:22
  Speaker 2: and Israel, and the terror alert level here in Australia
• 0:26
  Speaker 2: is raised to probable.
• 0:28
  Speaker 1: I'll get an expert's opinion on all of this.
• 0:30
  Speaker 2: Also tonight, the albin Easy Labor government acts on that
• 0:33
  Speaker 2: competition issue at our airports that I highlighted last week
• 0:36
  Speaker 2: that's been keeping cheap fares at Bay Bloodbath. Today on
• 0:40
  Speaker 2: our share market, I'll talk to Ross Greenwood about what
• 0:43
  Speaker 2: that means for our economy and your interest rates.
• 0:46
  Speaker 1: And with our medal tally.
• 0:48
  Speaker 2: Continuing to climb, we'll get the latest from Paris too,
• 0:51
  Speaker 2: and I'll catch up with Gematon, Jini, Caroline de Russo
• 0:54
  Speaker 2: and Sophie Ellsworth.
• 0:55
  Speaker 1: Let's get into it.
• 1:00
  Speaker 2: We really are facing serious issues in this country when
• 1:03
  Speaker 2: it comes to social cohesion, intolerance and national security.
• 1:08
  Speaker 1: We're not on our own, of course.
• 1:09
  Speaker 2: The same ugly forces that are tearing at our society
• 1:13
  Speaker 2: are generating resentment and polarization and violence in Europe, in
• 1:17
  Speaker 2: the US and in the UK. But let's focus on
• 1:21
  Speaker 2: our home. Modern Australia should be the epitome of freedom,
• 1:25
  Speaker 2: tolerance and inclusion.
• 1:27
  Speaker 1: Yet today the announcement.
• 1:28
  Speaker 2: That our terror alert has been increased from possible to
• 1:33
  Speaker 2: probable an ominous official warning that terrorist violence is likely
• 1:37
  Speaker 2: to hurt us Again.
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  Speaker 1: The AZO Director General put it like this.
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  Speaker 3: Probable does not mean inevitable. Australian should be aware but
• 1:47
  Speaker 3: not afraid.
• 1:49
  Speaker 1: Yeah.
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  Speaker 2: For years, in the wake of nine to eleven and Bali,
• 1:52
  Speaker 2: we were told to be alert but not alarmed. Now
• 1:54
  Speaker 2: are supposed to be aware but not afraid now. Just
• 1:58
  Speaker 2: to be clear, our terror threat has been at this
• 2:00
  Speaker 2: level before, but it's not a good place to be now.
• 2:04
  Speaker 2: I've got a lot of respect for our security organizations,
• 2:07
  Speaker 2: especially the men and women on the front line, and
• 2:10
  Speaker 2: I support their work and we all should.
• 2:12
  Speaker 1: But here's the thing I reckon.
• 2:15
  Speaker 2: The narrative we are being fed by spineless governments is
• 2:18
  Speaker 2: questionable and I'm worried the agencies are starting to buy
• 2:22
  Speaker 2: into it as well, so that we're not being given
• 2:24
  Speaker 2: a full and clear picture of.
• 2:27
  Speaker 1: Our security situation.
• 2:29
  Speaker 2: We all saw the warning signs right after October the
• 2:32
  Speaker 2: October the seventh atrocities in Israel ten months ago, and
• 2:36
  Speaker 2: Asio agrees that.
• 2:37
  Speaker 1: That's when the situation changed.
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  Speaker 3: After the seventh of October, I warned that inflame language
• 2:44
  Speaker 3: could lead to inflame community tensions. Unfortunately, this is what's
• 2:48
  Speaker 3: playing out exactly.
• 2:51
  Speaker 2: The slaughter carried out by the Islamist extremist terrorists of
• 2:55
  Speaker 2: Humas on October the seventh last year did exactly what
• 2:59
  Speaker 2: they were in tended to do. The terrorists killed the innocent,
• 3:02
  Speaker 2: of course, to spread fear, but also to sow the
• 3:05
  Speaker 2: seeds of social division, to turn people against Israel and Jews,
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  Speaker 2: to break down trust between Muslim and Jewish communities, between
• 3:13
  Speaker 2: communities around the world, and even between countries. Whatever the
• 3:17
  Speaker 2: state and cause or the impetus, that's always what Islamist
• 3:21
  Speaker 2: extremist terrorism looks to unleash.
• 3:24
  Speaker 1: I said so at the.
• 3:25
  Speaker 2: Time, and our response matters, which is why so many
• 3:30
  Speaker 2: of us have been appalled by the way governments and
• 3:33
  Speaker 2: authorities have failed to respond adequately. Remember, within twenty four
• 3:38
  Speaker 2: hours of October the seventh, we heard this on a
• 3:41
  Speaker 2: Sydney street corner, and then another twenty four hours later
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  Speaker 2: we saw this at the Opera US. Just sickening stuff
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  Speaker 2: and an open challenge to all that we stand for
• 4:13
  Speaker 2: in this country. Yet there's not been one arrest over
• 4:17
  Speaker 2: those episodes of hatred, not one prosecution over this abomination
• 4:22
  Speaker 2: on our streets. The celebration of the murder of innocence
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  Speaker 2: surely has to be seen as an incitement to violence.
• 4:29
  Speaker 1: It can only be seen that way.
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  Speaker 2: It can only be seen that way by the Jewish
• 4:33
  Speaker 2: Australians looking on. Surely, yet our governments and authorities have
• 4:38
  Speaker 2: done nothing. We've seen threats against Jewish people and organizations.
• 4:43
  Speaker 2: We've seen protesters openly expressed support for Humas, We've seen
• 4:48
  Speaker 2: them target Jewish communities, Jewish businesses and synagogues, and the
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  Speaker 2: reaction from governments and police and security organizations.
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  Speaker 1: Has been weak.
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  Speaker 2: And yet even today, the of ASIO was determined to
• 5:01
  Speaker 2: make sure we do not see the terrorism threat as
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  Speaker 2: coming mainly from Islamist extremists or anti Semitic elements.
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  Speaker 3: Because of these complex dynamics, it would also be inaccurate
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  Speaker 3: to suggest the next terrorist attack or plot is likely
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  Speaker 3: to be motivated by a twisted view of a particular
• 5:19
  Speaker 3: religion or a particular ideology. The threat is across the board.
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  Speaker 2: Yeah, well, we know there are far right extremists who
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  Speaker 2: do pose a threat. And while Islamophobia has really not
• 5:31
  Speaker 2: been seen in Australia, we know it exists. We only
• 5:34
  Speaker 2: have to look across the ditch to see the horrific
• 5:37
  Speaker 2: and sickening slaughter of Muslims in Christchurch to understand that
• 5:41
  Speaker 2: we need to be vigilant against this threat and this
• 5:44
  Speaker 2: hatred too. Yet Burg just today from Asio seem to
• 5:49
  Speaker 2: be talking that up and playing down the plight of
• 5:53
  Speaker 2: the Jewish community.
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  Speaker 3: In terms of where this is going.
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  Speaker 1: It's across the board.
• 5:58
  Speaker 3: Yes, there's plenty of anti Semitis, that there's plenty of Islamophobia.
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  Speaker 3: At the same time, it's kind of an almost equal treatment,
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  Speaker 3: not quite but almost equal treatment.
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  Speaker 2: Really almost equal, almost equal anti Semitism and Islamophobia almost equal.
• 6:17
  Speaker 2: How many Jewish people and businesses have been threatened in
• 6:19
  Speaker 2: the past ten months in this country? Do you reckon
• 6:22
  Speaker 2: how many times have protesters taken to our streets denouncing Israel,
• 6:26
  Speaker 2: denouncing Jews and supporting the terrorists of Humas. How many
• 6:31
  Speaker 2: Jewish artists have been docked, Jewish MPs have had their
• 6:34
  Speaker 2: offices vandalized and how many synagogues have been targeted. This
• 6:39
  Speaker 2: stuff has been rampant. It's been unprecedented and disturbing. Australia's
• 6:45
  Speaker 2: Jewish population has been under threat, and there's been no
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  Speaker 2: mob chanting death to Muslims or where's the Muslims? Thankfully,
• 6:54
  Speaker 2: there's been no celebration of Muslim deaths. We haven't seen
• 6:58
  Speaker 2: the targeting of Muslim businessinesses or communities or mosques. It
• 7:02
  Speaker 2: just hasn't happened, thankfully, and sure we want to make
• 7:06
  Speaker 2: sure it does not happen ever, but there simply has
• 7:10
  Speaker 2: not been an equal or almost equal prevalence of anti
• 7:13
  Speaker 2: Semitism and Islamophobia.
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  Speaker 1: That much has been obvious.
• 7:18
  Speaker 2: Jewish schools are the ones operating behind high security and
• 7:22
  Speaker 2: armed guards.
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  Speaker 1: I wanted to get some.
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  Speaker 2: Data on this to share with you today and we
• 7:27
  Speaker 2: contacted the New South Wales and Victoria police to try
• 7:30
  Speaker 2: to get statistics on threats against the Jewish and Muslim
• 7:33
  Speaker 2: communities over the past year, and they were unable to
• 7:36
  Speaker 2: provide any data for us. Now, I stress again any
• 7:41
  Speaker 2: of this hatred, any of this intolerance, needs to be
• 7:44
  Speaker 2: stamped out. It's unacceptable, but nobody should be pretending that
• 7:49
  Speaker 2: other communities are going through the horrific intimidation that Jewish
• 7:53
  Speaker 2: Australians are currently enduring. No one should downplay the fears
• 7:57
  Speaker 2: and experiences that jewishstra Owans are having to put up with.
• 8:02
  Speaker 2: And if authorities are really going to claim that other
• 8:05
  Speaker 2: communities are experiencing something similar, then they should share some
• 8:10
  Speaker 2: evidence with the public. What we need is to see
• 8:14
  Speaker 2: authorities coming down hard on the hate speech that we
• 8:17
  Speaker 2: have seen. We need to see law enforcement against the
• 8:21
  Speaker 2: intolerance that has been on display. That would send a
• 8:26
  Speaker 2: clear and strong message to everyone.
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  Speaker 1: Instead, we get a Prime minister complaining.
• 8:31
  Speaker 2: About politicians' offices being blockaded.
• 8:35
  Speaker 4: It is not normal to have people in occupations for
• 8:40
  Speaker 4: months outside electorate offices where their work of those electorate
• 8:46
  Speaker 4: offices is to assist people in social security and health
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  Speaker 4: in other areas. They're not participants in the Middle East conflict.
• 8:56
  Speaker 1: Sure, but he's the Prime minister. He sets the and
• 9:01
  Speaker 1: of course that.
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  Speaker 2: Kind of protest and intimidation should not be tolerated. That's
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  Speaker 2: why we have police and laws, and that's why governments
• 9:08
  Speaker 2: are supposed to lead and ensure that law and order
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  Speaker 2: is enforced. Surely, We've had enough of this passive attitude
• 9:16
  Speaker 2: from government. You know, everyone's at fold and everyone's at risk,
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  Speaker 2: and the government's powerless to do.
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  Speaker 1: Anything about it. The government needs to act and lead.
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  Speaker 2: Stamp out the hate speech, Prosecute the extremist protesters, move
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  Speaker 2: on the blockaders who are intimidating politicians and their staff,
• 9:38
  Speaker 2: call out the anti semitism. Anthony Albanezi ought to be
• 9:43
  Speaker 2: outraged about what's happening to Jewish Australians, not trying to
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  Speaker 2: pretend it's nothing that other communities aren't experiencing. The tensions
• 9:52
  Speaker 2: in our society at the moment are ugly and they're
• 9:55
  Speaker 2: deeply worrying. The raising of the terror alert underscores that point.
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  Speaker 2: We all know that everyone and everyone should have learned
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  Speaker 2: this by now. Surely that weakness is provocative. Yet all
• 10:08
  Speaker 2: we're seeing from government is weakness. We'll have more on
• 10:15
  Speaker 2: those issues in just a moment, but a couple of
• 10:17
  Speaker 2: other issues that I want to mention where governments are
• 10:20
  Speaker 2: actually finally taking some action. Too little, too late, perhaps,
• 10:24
  Speaker 2: but it's always good to see when somebody actually does
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  Speaker 2: something sensible. First up, the dream of cheap airfares and
• 10:30
  Speaker 2: the lack of competition thanks to the collapse of rex
• 10:33
  Speaker 2: on our capital city routes. So I told you last
• 10:35
  Speaker 2: week how the company that controls the crucial landing and
• 10:39
  Speaker 2: takeoff slots at our airports is actually a majority owned
• 10:42
  Speaker 2: by the big two airlines Quantus and Virgin. The form
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  Speaker 2: of competition boss said that was outrageous.
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  Speaker 4: You've got a system where Quantus and Virgin control the
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  Speaker 4: management of slots at Sydney Airport.
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  Speaker 1: I mean, you just cannot let that continue. You should
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  Speaker 1: stop it immediately, and I don't think they've done that.
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  Speaker 2: Yeah, it's just a ridiculous situation. And here's what I
• 11:04
  Speaker 2: had to say about it last week. If one of
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  Speaker 2: the main impediments to aviation competition is airport's slots, how
• 11:12
  Speaker 2: can the big two airlines be allowed to own the
• 11:15
  Speaker 2: company that manages the slots? You and I, as Rod
• 11:19
  Speaker 2: Simms says, you and I are the ones who pay
• 11:22
  Speaker 2: This needs serious examination and action. Well, hey, prestocudos to
• 11:29
  Speaker 2: the Albanezi Labor government because they have now acted. Just
• 11:32
  Speaker 2: days later, the Transport Minister Catherine King is now calling
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  Speaker 2: for tenders, an open and competitive process for companies to
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  Speaker 2: run the slot allocation, with demands that they explain how
• 11:43
  Speaker 2: they deal with any conflicts of interest, So that should
• 11:47
  Speaker 2: lead to a bit of a shake up with any luck,
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  Speaker 2: either another company providing the service or more accountability from
• 11:53
  Speaker 2: the existing firm.
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  Speaker 5: So hopefully out of this process the government acting, you're
• 11:58
  Speaker 5: going to see a lot more opportunities for competitors to
• 12:00
  Speaker 5: get slots at Sydney Airport and therefore travelers and customers
• 12:06
  Speaker 5: to get more offers that will improve competition and hopefully
• 12:10
  Speaker 5: bring down prices.
• 12:12
  Speaker 1: Yeah, we will see.
• 12:13
  Speaker 2: Hopefully this will make it easier for new airlines to
• 12:15
  Speaker 2: get a fair deal, exposing the big airlines to some
• 12:18
  Speaker 2: much needed competition.
• 12:20
  Speaker 1: But it's all a bit too late for Rex.
• 12:26
  Speaker 2: The other encouraging move comes from the state Labor government
• 12:29
  Speaker 2: in New South Wales. As you know, I've been on
• 12:31
  Speaker 2: about the work from home rules for years. It's hard
• 12:34
  Speaker 2: enough for private companies, but so many federal and state
• 12:37
  Speaker 2: public servants are working from home that it's killing our
• 12:40
  Speaker 2: CBDs and the small businesses in those CBDs who are
• 12:43
  Speaker 2: trying to make a living there. Not to mention the fact,
• 12:46
  Speaker 2: of course that so many public servants working from home
• 12:49
  Speaker 2: probably having a lend of us when it comes to
• 12:51
  Speaker 2: work practices and productivity. So the Men's Labor government has
• 12:56
  Speaker 2: today issued a memo and an instruction that's gone out
• 12:59
  Speaker 2: to all New South Wales public servants and it's telling
• 13:02
  Speaker 2: them to turn up at work in the office in
• 13:05
  Speaker 2: the CBD and other office centers tomorrow. As of tomorrow,
• 13:10
  Speaker 2: going to work means going to the office for New
• 13:13
  Speaker 2: South Wales public servants. Now, I don't think it'll be
• 13:16
  Speaker 2: as simple as that. I can tend you. I'll tell
• 13:18
  Speaker 2: you there'll be all sorts of people with excuses, and
• 13:21
  Speaker 2: there will be all sorts of interventions from public sector unions.
• 13:24
  Speaker 2: They will perhaps resist this, but it's a start, and
• 13:27
  Speaker 2: it's a sensible start, and it's way overdue. The federal
• 13:31
  Speaker 2: government needs to revisit the same issue and overturn it's
• 13:35
  Speaker 2: crazy directive that gives all federal public servants a preference
• 13:39
  Speaker 2: to work from home if they want to. Some federal
• 13:43
  Speaker 2: departments have seventy percent of their staff working from home.
• 13:48
  Speaker 1: It's time for this country to get back to work.
• 13:54
  Speaker 4: Now.
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  Speaker 2: Going to go to a liberal senator and former Ambassador
• 13:56
  Speaker 2: to Israel, Dave Sharma in just a moment, But first up,
• 13:59
  Speaker 2: I want to s are you what's been happening in
• 14:01
  Speaker 2: England where they've had their worst riots in more than
• 14:04
  Speaker 2: a decade. They were triggered in large part by the
• 14:07
  Speaker 2: alleged stabbing murder of those three young girls in Southport
• 14:10
  Speaker 2: and the North of England, but all sorts of antagonism
• 14:14
  Speaker 2: has come to the four here, racism and antagonism towards immigrants.
• 14:18
  Speaker 1: Here's the latest from sky News UK.
• 14:22
  Speaker 6: Wave after wave as violence descended scenes across the country
• 14:32
  Speaker 6: now at risk of becoming normalized. Among the worst Liverpool,
• 14:39
  Speaker 6: parts of it set on fire, including a library.
• 14:42
  Speaker 7: A hotel housing asylum seekers targeted by riots of smashing
• 14:51
  Speaker 7: a window and trying to storm in. The group also
• 14:57
  Speaker 7: targeted the officers trying to protect the building, weapons, anything
• 15:01
  Speaker 7: they could get their hands out, burning objects in their web.
• 15:07
  Speaker 7: Flashpoints like this continuing to rupt across the country. The
• 15:10
  Speaker 7: Prime Minister, with his strongest words yet.
• 15:13
  Speaker 8: I utterly condemn the far right thuggery we've seen this weekend.
• 15:20
  Speaker 2: Yeah, British PM Kiirth Starmer. There let me go to
• 15:24
  Speaker 2: Dave Sharma, Liberal Centers for Newswires joins me from Melbourne.
• 15:27
  Speaker 1: Good to talk to you, Dave.
• 15:29
  Speaker 2: I wanted to show what was happening in the UK
• 15:31
  Speaker 2: before I spoke to you, because I don't want to
• 15:34
  Speaker 2: draw too much of a parallel, but when you're looking
• 15:37
  Speaker 2: at the issues of social cohesion and some of the
• 15:41
  Speaker 2: tensions in our society at the moment, surely what's going
• 15:43
  Speaker 2: on in the UK provides a salient warning to Australia
• 15:47
  Speaker 2: about how ugly things can get.
• 15:51
  Speaker 9: It does provide warring to us Christ and I think
• 15:54
  Speaker 9: Keith Stalmer's response, at least what I've said over the
• 15:57
  Speaker 9: UK Prime Minister's response, is exactly the sort of thing
• 16:00
  Speaker 9: should be seeing from our political leaders here, which is
• 16:03
  Speaker 9: zero tolerance for lawlessness, intimidation people taking the law or
• 16:08
  Speaker 9: seeking to take the law into their own hands, and
• 16:11
  Speaker 9: a firm response very early on when we see this
• 16:14
  Speaker 9: level of social unrest. And I think that's what we've
• 16:16
  Speaker 9: been missing here in Australia frankly for these last several months,
• 16:20
  Speaker 9: since seventh of October.
• 16:21
  Speaker 2: Well, this is exactly the point I wanted to get to.
• 16:23
  Speaker 2: Of course, when there's violence involved, as very easy for
• 16:26
  Speaker 2: police to take action and as they should and arrest
• 16:29
  Speaker 2: people and charge them. But we still have this situation
• 16:32
  Speaker 2: where there's so much hate speech in this country subsequent
• 16:36
  Speaker 2: to October the seventh, Yet there seems to be no
• 16:38
  Speaker 2: appetite at all from governments or law enforcement authorities to prosecute.
• 16:44
  Speaker 1: Or even put out stern warnings about this stuff.
• 16:49
  Speaker 9: I think the most revealing thing that the ASIO Director
• 16:52
  Speaker 9: General said today was that inflammatory, provocative behaviors are becoming normalized.
• 16:58
  Speaker 9: This is part of his warning about raising the threat
• 17:01
  Speaker 9: level here in Australia. He made that point that inflammatory,
• 17:04
  Speaker 9: provocative behaviors are becoming normalized.
• 17:07
  Speaker 1: Why are they becoming normalized. Why is that the case, Well.
• 17:10
  Speaker 9: Because they're being tolerated, because people aren't getting arrested, because
• 17:14
  Speaker 9: people aren't being charged, because police are not preventing these
• 17:18
  Speaker 9: things or acting on it. Because our political leaders are
• 17:20
  Speaker 9: failing to set the time which they should have been
• 17:23
  Speaker 9: setting early on to make sure that you know, opins
• 17:27
  Speaker 9: that might be running hot about an overseas conflict do
• 17:30
  Speaker 9: not translate into actions here in Australia.
• 17:33
  Speaker 2: I think that's such an important point because we've been
• 17:35
  Speaker 2: watching this unfold now for ten months and it's almost
• 17:38
  Speaker 2: as if the authorities have been in sitting back and watching.
• 17:41
  Speaker 2: And then as you say that it's becoming normalized, Well,
• 17:44
  Speaker 2: that's the whole point. We don't want this to become normalized.
• 17:47
  Speaker 2: I'm going to take up some of these issues with
• 17:50
  Speaker 2: the terrorism expert Greg Barton in just a moment, So, Dave,
• 17:53
  Speaker 2: I wanted to get your thoughts also on what's happening
• 17:55
  Speaker 2: in the Middle East.
• 17:57
  Speaker 1: We know that there's going to be some.
• 17:58
  Speaker 2: Sort of response from Iran towards Israel.
• 18:02
  Speaker 1: We don't know when, we don't know.
• 18:03
  Speaker 2: What has Blara have been firing rockets in the northern
• 18:06
  Speaker 2: Israther the I'll be doing that all the time than
• 18:08
  Speaker 2: the global media has sort of ignored that for most
• 18:10
  Speaker 2: of the last ten months, I suppose. But what do
• 18:14
  Speaker 2: you expect to see unfolding in coming days?
• 18:19
  Speaker 1: Well, look, it's hard to know.
• 18:21
  Speaker 9: I'd say that certainly, you know the tensions in the
• 18:24
  Speaker 9: region rather have risen. Iran was humiliated frankly by the
• 18:30
  Speaker 9: death of their guest in their own custody. Is Malhanair
• 18:34
  Speaker 9: killing seemingly by an explosive device planted in a guesthouse
• 18:38
  Speaker 9: run by the Islamic Revolutionary Guard calls so for their
• 18:41
  Speaker 9: own dignities sake, they need to be seen to make
• 18:45
  Speaker 9: a response. Now, the question is is it going to
• 18:47
  Speaker 9: look a little like their response in April, which that
• 18:50
  Speaker 9: was in response to the killing of an IGC general
• 18:53
  Speaker 9: in Damascus. They telegraphed it well in advance. It was
• 18:56
  Speaker 9: designed to rattle a saber, if you like, but not
• 18:58
  Speaker 9: to cause any damage. They fired some three hundred missiles
• 19:02
  Speaker 9: and cruized drones against Israel. They were all shot down,
• 19:05
  Speaker 9: no one was killed, no one was harmed, and that
• 19:08
  Speaker 9: was the end of the story. Are we going to
• 19:10
  Speaker 9: see something similar, Are we going to see something that
• 19:12
  Speaker 9: actually escalates things?
• 19:15
  Speaker 1: We don't know. We're right to be on Hihlert.
• 19:17
  Speaker 9: We're right to be warning our citizens in Lebanon that
• 19:20
  Speaker 9: they should leave and shouldn't be traveling. We're right to
• 19:22
  Speaker 9: be warning our citizens in Israel to have a heightened
• 19:25
  Speaker 9: sense of security awareness. And we're right to try and
• 19:28
  Speaker 9: send a message to Iran and Hezbelah to call things
• 19:31
  Speaker 9: down here and keep this contact for this conflict within
• 19:35
  Speaker 9: the limits.
• 19:36
  Speaker 2: We hope it's that sort of a minor response. Indeed,
• 19:38
  Speaker 2: that's the probably the best we could hope for, because
• 19:40
  Speaker 2: an escalation beyond that, as you say, would be would
• 19:44
  Speaker 2: be deeply worrying. Just before I let you go, we
• 19:46
  Speaker 2: showed on the program last Thursday that the Iranian embassy
• 19:49
  Speaker 2: in Canberra was flying its flag at half massed, presumably
• 19:53
  Speaker 2: in honor of Ismahinya. What do we do in Australia
• 19:57
  Speaker 2: about that? We just accept that.
• 20:01
  Speaker 9: Well, I think, I mean, what these events of the
• 20:04
  Speaker 9: last week have revealed is that the Israel Hamas conflict
• 20:08
  Speaker 9: is really a proxy war, and the bigger conflict here
• 20:10
  Speaker 9: is between Iran on one side and all its proxy
• 20:13
  Speaker 9: actors has Blur and Lebanon, the Hooties in Yemen, Hamas
• 20:17
  Speaker 9: in Gaza, and countries that preserve to prefer to preserve
• 20:22
  Speaker 9: their freedom and dignity and liberal values and freedom of
• 20:25
  Speaker 9: the press, countries like Israel and also modernizing Arab countries
• 20:28
  Speaker 9: in the region. That's really the fault line in the region.
• 20:30
  Speaker 9: And so we should be under no illusions here that
• 20:33
  Speaker 9: this conflict between Israel and Hamas is simply about in
• 20:36
  Speaker 9: Israeli Palestinian land dispute. Yes, there's elements of that, but
• 20:40
  Speaker 9: by and large, it's a much larger conflict driven by
• 20:43
  Speaker 9: the destabilizing acts of a country like Iran.
• 20:46
  Speaker 2: Indeed, thanks for joining Usdave, I appreciate it. Dave Shama,
• 20:49
  Speaker 2: their liberal senator for New South Wales joining us from Victoria.
• 20:53
  Speaker 2: I want to stay in Victoria now they and go
• 20:55
  Speaker 2: to Professor Greg Barton. He's the chair of Global Islamic
• 20:58
  Speaker 2: Politics at Deacon Universe.
• 21:00
  Speaker 1: Thanks for joining us again, Greg.
• 21:03
  Speaker 2: The terror alert raised from possible to probable. Can you
• 21:07
  Speaker 2: tell us to talk us through the process as to
• 21:10
  Speaker 2: why ASIO.
• 21:11
  Speaker 1: And the government would have done this?
• 21:14
  Speaker 8: Yeah, Chris, it's a steady rise in temperature until we
• 21:16
  Speaker 8: get to a tipping points. We've got a traffic light
• 21:19
  Speaker 8: system of five levels, from red through to green. Red
• 21:22
  Speaker 8: means an attacks underway. Green means something's not expected at all.
• 21:26
  Speaker 8: We've gone from two to three. The only higher that
• 21:29
  Speaker 8: we can realistically go is to an expected attack where
• 21:32
  Speaker 8: this specific information. This is not about specific information. It's
• 21:36
  Speaker 8: about the fact that the workload of state police, federal
• 21:40
  Speaker 8: police ASIO focused on counter terrors and intelligence now we're
• 21:46
  Speaker 8: told by Mike Burgess matches the work they're putting into
• 21:49
  Speaker 8: espion Arch, so it's a big part of their job.
• 21:52
  Speaker 8: Global circumstances have just been discussing terrible, really worrying tensions
• 21:57
  Speaker 8: in the Middle East. We've seen those awful ryes. It's
• 22:00
  Speaker 8: in the UK disinformation perhaps in ink to Russia since
• 22:04
  Speaker 8: we at play there. You're right, social cohesion, hate speech
• 22:07
  Speaker 8: are sort of playing to this problem. We're dealing with it,
• 22:09
  Speaker 8: but it just all got to a point now where
• 22:12
  Speaker 8: authorities less than two years after lowing the level, and
• 22:15
  Speaker 8: we've been at that level for eight years since Islamic
• 22:18
  Speaker 8: state color fate was declared in twenty fourteen, you know,
• 22:20
  Speaker 8: we're back in that space again.
• 22:22
  Speaker 1: Unfortunately.
• 22:23
  Speaker 2: I'd be interested to get your thoughts on the language
• 22:25
  Speaker 2: we're hearing from Mike Burgess, the Director General of Asia about.
• 22:29
  Speaker 1: The broad threats. Now.
• 22:30
  Speaker 2: We can understand there are broader threats now, as I
• 22:32
  Speaker 2: mentioned at the outset, you only have to look to
• 22:34
  Speaker 2: christ Church to see that you can have this extreme
• 22:37
  Speaker 2: right backlash.
• 22:38
  Speaker 1: Directed at Muslims. But we've seen none.
• 22:40
  Speaker 2: Of that sort of backlash in Australia historically. Why is
• 22:44
  Speaker 2: he so reluctant to talk about the threat of Islamist
• 22:47
  Speaker 2: extremist terrorism here and whether or not that is the
• 22:50
  Speaker 2: prime security concern?
• 22:52
  Speaker 8: Yeah, he didn't sort of break that down. He suggested
• 22:55
  Speaker 8: that the whole spectrum of threats and motivations and narratives,
• 22:58
  Speaker 8: including mixed motivation, which is people going down rabbit hole
• 23:01
  Speaker 8: as a conspiracy theory. We've seen that at play, particularly
• 23:05
  Speaker 8: since the COVID pandemic. In a way it's sort of
• 23:09
  Speaker 8: less important to understand. And we've had eight incidents in
• 23:13
  Speaker 8: the last few months in Australia that have been linked
• 23:15
  Speaker 8: to counter terism investigations and following up. And we've had
• 23:18
  Speaker 8: people come from the right and the left or sort
• 23:20
  Speaker 8: of Islamist inspired, Islamic State inspired and far right inspired.
• 23:27
  Speaker 8: And we now see quite a large number of young people,
• 23:31
  Speaker 8: young men in particular, who are mixing together ideas that
• 23:33
  Speaker 8: we would have thought incompatible, so admiring you know, Islamic
• 23:37
  Speaker 8: State and amaring sort of Nazi ideas and mixing them
• 23:40
  Speaker 8: together with a contempt for government, distrust of mainstream media.
• 23:43
  Speaker 8: That's a really ugly toxic cocktail. There's no question that
• 23:49
  Speaker 8: the rise of Islamic State, particularly Islamic State Chorus and
• 23:52
  Speaker 8: coming out of the deterioration in Afghanistan, the growth of
• 23:55
  Speaker 8: both IT and Islamic State and Old Kada and the
• 23:58
  Speaker 8: African continent has boosted them those brands. And therefore, you know,
• 24:02
  Speaker 8: the risk we're concerned about here is a loan actor,
• 24:04
  Speaker 8: as we saw, as you said in christ Church in
• 24:06
  Speaker 8: March of Preen nineteen. In that worst case scenario, one
• 24:09
  Speaker 8: lone actor can kill forty nine people in cold blood.
• 24:12
  Speaker 8: It's the loan actor that's particularly concerning because you don't
• 24:15
  Speaker 8: get that heads up with accept of communications, so they
• 24:18
  Speaker 8: could come from across that spectrum of ideas and de
• 24:20
  Speaker 8: mix the ideas together.
• 24:21
  Speaker 2: Yeah, it's getting increasingly difficult for our intelligence agencies too,
• 24:26
  Speaker 2: isn't it, given the broad threats and the changing nature
• 24:28
  Speaker 2: of them. Thanks so much for joining us, Gregor. I
• 24:30
  Speaker 2: appreciate it, Professor greg Barton there from Deacon University. We've
• 24:34
  Speaker 2: got to get to a break on the other side
• 24:35
  Speaker 2: of the catching up a Gematon Uini and Caroline Russo,
• 24:38
  Speaker 2: we're going to talk about the power price debate and
• 24:40
  Speaker 2: nuclear energy of course. Also we might get to the
• 24:43
  Speaker 2: Royals too, where Megan Marco has been discussing.
• 24:46
  Speaker 1: Her healing journey in a new interview. Well, let's get
• 24:54
  Speaker 1: into it with Skyt and new host Caroline.
• 24:56
  Speaker 2: A're also joining us live from Perth and on the
• 24:58
  Speaker 2: desk here with me Gemuton Uni for GT Communication.
• 25:01
  Speaker 1: How's it going.
• 25:02
  Speaker 2: Look, I've got to get the thoughts from each of
• 25:04
  Speaker 2: you about social cohesion and we see what's happening in
• 25:08
  Speaker 2: the UK at the moment. There are echoes of some
• 25:12
  Speaker 2: of the debates here in terms of tensions between communities
• 25:16
  Speaker 2: and immigration and all the rest of it. And then
• 25:19
  Speaker 2: today the terror alert has risen.
• 25:22
  Speaker 1: Shouldn't we be looking at the UK and say we'll
• 25:25
  Speaker 1: learn and.
• 25:25
  Speaker 2: Get stronger on hate speech here and also stronger on
• 25:30
  Speaker 2: social cohesion.
• 25:31
  Speaker 10: We haven't done anything since the war are upded. And
• 25:34
  Speaker 10: the reason I referenced the war in Middle East is
• 25:36
  Speaker 10: because it was a tipping point and a turning point
• 25:38
  Speaker 10: that didn't allow us to as a nation look the
• 25:41
  Speaker 10: other way and say the problem isn't on our shores.
• 25:43
  Speaker 10: And I read this afternoon that over the weekend there
• 25:46
  Speaker 10: were sections of people going through Australian streets holding up
• 25:50
  Speaker 10: pictures of ishmael Hanaya. Imagine, imagine after nine to eleven,
• 25:55
  Speaker 10: walking through the streets of Australia or New York or
• 25:57
  Speaker 10: any city in America holding a picture of Usma bin
• 26:00
  Speaker 10: Laden like it's outrageous, it is unconscionable. And I will
• 26:04
  Speaker 10: go so far as to say it is not Australian.
• 26:06
  Speaker 10: He tortured and murdered more Palestinians and Israelis and other
• 26:09
  Speaker 10: people throughout the region.
• 26:10
  Speaker 11: He's a coward living in.
• 26:11
  Speaker 10: Qatar and these people are walking through Australian streets holding
• 26:15
  Speaker 10: up his picture as if he's someone who deserves to
• 26:17
  Speaker 10: be mourned. Well, the problem here and the government is
• 26:20
  Speaker 10: looking the other way.
• 26:21
  Speaker 11: Chris.
• 26:22
  Speaker 1: Absolutely, they're not doing anything about it. It's a hell
• 26:24
  Speaker 1: of a worry.
• 26:24
  Speaker 2: And Caroline, this all actually falls onto the lap apart
• 26:28
  Speaker 2: from the Prime Minister, but of the new Home Affairs
• 26:30
  Speaker 2: Minister Home Affairs and Immigration, this is where Tony.
• 26:33
  Speaker 1: But he's only been sworn into the.
• 26:35
  Speaker 2: Job for a week, but he's surely if they've been
• 26:38
  Speaker 2: hopeless for two years on this stuff, he's the one
• 26:40
  Speaker 2: who needs to step up.
• 26:44
  Speaker 11: Well he does.
• 26:44
  Speaker 12: And obviously there's a much broader issue there in relation
• 26:48
  Speaker 12: to Home Affairs and Direction ninety nine and the new
• 26:51
  Speaker 12: Direction one hundred and ten, which is just Direction ninety
• 26:55
  Speaker 12: nine with slightly wider margins on the side of the
• 26:58
  Speaker 12: paper it's written a position does actually need to be
• 27:03
  Speaker 12: taken where the absolute number one priority is the safety
• 27:08
  Speaker 12: of Australians. The new direction that I just noted, Chris
• 27:16
  Speaker 12: still essentially wants the AAT and a like to give,
• 27:21
  Speaker 12: you know, significant consideration to you know, someone who's up
• 27:26
  Speaker 12: for deportation, but taking to significant consideration the time that
• 27:31
  Speaker 12: they've spent here in Australia. Well, quite frankly, if you
• 27:35
  Speaker 12: are not a citizen of this country and you commit
• 27:37
  Speaker 12: a very serious crime, I don't really care how much
• 27:40
  Speaker 12: time you've spent here, and I think the general view
• 27:43
  Speaker 12: across the country would be the same. The thing is
• 27:46
  Speaker 12: is when you don't take leadership on these sorts of matters,
• 27:49
  Speaker 12: where you don't set the threshold of behaviors and say
• 27:52
  Speaker 12: this is unacceptable, well then people start pushing the margins
• 27:56
  Speaker 12: and that's what we end up with exactly.
• 27:58
  Speaker 2: I mean, the clue for tiny Birr is in the
• 28:00
  Speaker 2: title Home Affairs. He's supposed to look after Australian security
• 28:04
  Speaker 2: and Australian citizens first.
• 28:06
  Speaker 10: Well he's not an interesting Just gone to the Caroline's
• 28:08
  Speaker 10: last point.
• 28:09
  Speaker 11: I read today that I believe it's Saudi.
• 28:12
  Speaker 10: And possibly u A, but definitely Saudi has outlawed public
• 28:15
  Speaker 10: mourning for Hanaya.
• 28:17
  Speaker 11: It's outlawed it.
• 28:18
  Speaker 10: Like these countries they don't people don't realize in the
• 28:20
  Speaker 10: West that these countries have kicked out Muslim brotherhood pig.
• 28:23
  Speaker 11: They've kicked out Hamas.
• 28:24
  Speaker 10: They don't want that. They want cohesion. They're moderate Muslim countries.
• 28:28
  Speaker 10: They are better at social cohesion and enforcing it than
• 28:32
  Speaker 10: we are in Australia.
• 28:33
  Speaker 13: I think in some.
• 28:34
  Speaker 1: Alms to you, it's a real worry.
• 28:36
  Speaker 2: We'll keep this conversation going in the weeks and months
• 28:38
  Speaker 2: to come, no doubt. I want to go to another
• 28:40
  Speaker 2: aspect of politics though, there's much more lowbrow, much more laughable. Really,
• 28:46
  Speaker 2: they're just fiddling with your tax dollars. This is Queensland politics,
• 28:51
  Speaker 2: the upcoming election, and.
• 28:52
  Speaker 1: So what do they do? What is the premier up there,
• 28:55
  Speaker 1: Steven Miles? Do you throw around more taxpayers money? This
• 28:58
  Speaker 1: you just try and buy more votes?
• 29:00
  Speaker 2: Now it's fifty cents a trip for public transport.
• 29:03
  Speaker 1: Here he is and on the train for the quest
• 29:06
  Speaker 1: day of fifty cent theirs and let's go to see
• 29:08
  Speaker 1: so many people.
• 29:09
  Speaker 2: Because't oh honestly, Caroline, this is the cheapest trick in politics,
• 29:17
  Speaker 2: isn't it. I mean, this is what he's reduced to.
• 29:19
  Speaker 2: But it'll probably Winhams in votes.
• 29:23
  Speaker 12: Well, he's at the point and his government is at
• 29:26
  Speaker 12: the point that it's like do all things necessary to
• 29:30
  Speaker 12: stem the loss of blood for October. They have absolutely
• 29:34
  Speaker 12: no concept or care for any sort of budget responsibility whatsoever.
• 29:39
  Speaker 12: This isn't I mean, this isn't even the most egregious
• 29:43
  Speaker 12: of it. I think they're subsidies for energy costs are
• 29:48
  Speaker 12: much more egregious. Obviously, the aggregate amount is much more.
• 29:53
  Speaker 12: I mean, I'd be just really interested to know how
• 29:55
  Speaker 12: many people actually use public transport and how many people
• 29:58
  Speaker 12: are simply by ver to a fifty fifty cent fair
• 30:02
  Speaker 12: is going to be encouraged to use it. I think
• 30:05
  Speaker 12: if people have got the option from working from home,
• 30:07
  Speaker 12: they will do that because that's still fifty cents cheaper.
• 30:10
  Speaker 12: People who take public transport are probably pretty stoked about
• 30:14
  Speaker 12: it because it will have that everyday cost of living,
• 30:19
  Speaker 12: that immediate impact.
• 30:20
  Speaker 11: But ultimately, Chris, like you said, all of these.
• 30:23
  Speaker 12: Things means that people, whatever additional or other money they
• 30:26
  Speaker 12: have will be spent elsewhere. And we know that the
• 30:29
  Speaker 12: Queensland budget from this year adds one point five percent
• 30:33
  Speaker 12: to Queensland aggregate demand and point three over a percent
• 30:37
  Speaker 12: to national aggregate.
• 30:38
  Speaker 2: To mond, it's just pathetic, it's embarrassing, it's wasteful, and
• 30:42
  Speaker 2: you know, honestly. Yeah, you mentioned the powers ups of
• 30:44
  Speaker 2: these a geenma, there's that up to.
• 30:45
  Speaker 1: One thousand dollars yere. They're just throwing money around.
• 30:48
  Speaker 2: This is what state politics is reduced to, to try.
• 30:51
  Speaker 1: And buy votes and not.
• 30:52
  Speaker 2: Worry about how much bigger they're making government, how much
• 30:55
  Speaker 2: deeper their deficits are going to be. I just wish
• 30:58
  Speaker 2: that people would pump them for trying this.
• 31:00
  Speaker 10: I mean, desperation reaks, doesn't it like it is actually
• 31:03
  Speaker 10: the stuff of desperate university politics.
• 31:05
  Speaker 11: That cringeworthy little.
• 31:07
  Speaker 10: Video on Instagram.
• 31:10
  Speaker 11: It's not leadership. I don't know where the leadership is
• 31:12
  Speaker 11: in this country.
• 31:13
  Speaker 2: Low.
• 31:13
  Speaker 10: I did note that Chris Mins today said all public
• 31:15
  Speaker 10: sector workers are back in the office.
• 31:17
  Speaker 11: That's it, no more working from home.
• 31:18
  Speaker 10: And I say, brother, that's different issue obviously, but at
• 31:21
  Speaker 10: least leadership right yeh.
• 31:23
  Speaker 1: He wants more people on public transport. We'll tell them
• 31:26
  Speaker 1: to turn up at work.
• 31:27
  Speaker 10: Correct, But not only that and that picture. I mean,
• 31:29
  Speaker 10: I've seen busier trains in Perth. Love your Perth, but
• 31:32
  Speaker 10: Perth is not known.
• 31:33
  Speaker 11: For its love of public transport.
• 31:35
  Speaker 10: It is it is an absolute dearth, a dearth of leadership.
• 31:39
  Speaker 11: And like I said desperation reaps.
• 31:42
  Speaker 1: Suggest on the power subsidy arguments.
• 31:45
  Speaker 2: Some good data out today showing how in France and
• 31:47
  Speaker 2: other countries with nuclear power, guess right, the powers cheaper
• 31:50
  Speaker 2: than our water.
• 31:50
  Speaker 11: Shocking plot twist.
• 31:51
  Speaker 10: And for everyone watching tonight and those watch who will
• 31:55
  Speaker 10: watch later, I've got my power bill last week.
• 31:57
  Speaker 11: I'm not going to lie.
• 31:58
  Speaker 10: There were swear words that were unladylike that came out
• 32:00
  Speaker 10: of my mouth.
• 32:01
  Speaker 1: You have been charging your Tesla on.
• 32:03
  Speaker 10: I haven't been charging that tesla on. There's an update
• 32:06
  Speaker 10: where that's concerned at some point, but.
• 32:07
  Speaker 11: I mean genuinely. I remember I actually said to you, Kara,
• 32:11
  Speaker 11: didn't I called you.
• 32:11
  Speaker 10: A couple of days later, and I was like, I
• 32:13
  Speaker 10: don't have children to feed and clothe and sent to school.
• 32:16
  Speaker 10: And I opened that power bill and got a pretty
• 32:19
  Speaker 10: bloody big shock. And I have been traveling a lot,
• 32:21
  Speaker 10: so I haven't even been home to use the heater
• 32:22
  Speaker 10: and things like that. This government has promised one thing,
• 32:26
  Speaker 10: delivered another. But what's worse it is stifled and refuses
• 32:30
  Speaker 10: to adopt policies that will bring genuine market driven price
• 32:34
  Speaker 10: relief to households.
• 32:35
  Speaker 2: Honestly, on the weekend they were saying they were going
• 32:38
  Speaker 2: to solve.
• 32:38
  Speaker 1: Indigenous disadvantage with renewable energy.
• 32:41
  Speaker 2: That's honestly, that these people are just zealous when it
• 32:43
  Speaker 2: comes to renewables.
• 32:45
  Speaker 1: Does my head in? I need to get your thoughts though.
• 32:49
  Speaker 2: Carro was host of the Royal Report because I've been
• 32:52
  Speaker 2: told that the sort of quasi former neo Royal Megan
• 32:58
  Speaker 2: Markles has given us a little bit of life advice.
• 33:01
  Speaker 2: She's given another interview and she's telling us how we
• 33:03
  Speaker 2: can heal or something have or listen when.
• 33:06
  Speaker 14: You've been through any level of pain or trauma. I
• 33:13
  Speaker 14: believe part of our healing journey, certainly part of mine,
• 33:18
  Speaker 14: is being able to be really open about it.
• 33:22
  Speaker 2: Wow, what a pity. She's never going to be Queen Caroline.
• 33:25
  Speaker 2: Could you tell us what that means and what she's
• 33:27
  Speaker 2: on about now?
• 33:30
  Speaker 12: No idea, But Samarra Gil who was the commentator on
• 33:35
  Speaker 12: my show last night, called it psychobabble, which I think
• 33:38
  Speaker 12: is probably about the best way to put it. You
• 33:41
  Speaker 12: want to do what you do publicly, that's absolutely fine.
• 33:46
  Speaker 12: That means it's more likely to be the subject of criticism.
• 33:50
  Speaker 12: But that whole interview centered around social media, protecting children
• 33:55
  Speaker 12: online bullying and all those sorts of things. And I
• 33:58
  Speaker 12: guess you know, but people in those sorts of positions,
• 34:01
  Speaker 12: they can advocate very effectively on certain issues, particularly where
• 34:05
  Speaker 12: there's authenticity, right, Chris. But when you have spent how
• 34:09
  Speaker 12: much time rinsing your family in public to make a
• 34:12
  Speaker 12: buck out of it, it really really affects your credibility,
• 34:17
  Speaker 12: shits it down.
• 34:18
  Speaker 2: In fact, she might have a tat of hypocrisy there
• 34:21
  Speaker 2: does Megan Markle.
• 34:22
  Speaker 1: Thinks great hair though great hair.
• 34:25
  Speaker 2: Indeed, i't comment on her appearance whatsoever.
• 34:28
  Speaker 1: Thanks for joining us, Caroline. I better get to a break.
• 34:32
  Speaker 2: On the other side, We're going to check you on
• 34:33
  Speaker 2: the share market. Absolute bloodshed on the stock exchange today.
• 34:37
  Speaker 2: What does that mean about recession fears and interest rate
• 34:39
  Speaker 2: outlooks here in Australia. Also we'll head to Paris and
• 34:42
  Speaker 2: get the latest on the women's boxing controversy.
• 34:49
  Speaker 1: One of the worst days on the Australian stock market
• 34:52
  Speaker 1: for years.
• 34:53
  Speaker 2: Today one hundred billion dollars has been wiped off the
• 34:56
  Speaker 2: ASX since Friday, form six percent or mo a lot
• 35:00
  Speaker 2: of it triggered by fears that the US is heading
• 35:03
  Speaker 2: for a recession. Let's God to sky News Business editor
• 35:05
  Speaker 2: Ross Greenwood, Ross, what a day.
• 35:07
  Speaker 1: Hey, this is spotting.
• 35:09
  Speaker 2: A lot of people have been worrying about this for
• 35:11
  Speaker 2: spent two years worrying about this has finally happened.
• 35:14
  Speaker 1: What's triggered it, Well.
• 35:15
  Speaker 15: It has been triggered by that report on Friday night
• 35:18
  Speaker 15: out of the US about employment. But it's also been
• 35:21
  Speaker 15: triggered by really many tech shares, even our banks here
• 35:23
  Speaker 15: in Australia just being wound so tight with their valuations
• 35:27
  Speaker 15: that it didn't take really too much to have them
• 35:29
  Speaker 15: unwined pretty significantly. Here's the ASX two hundred as you say,
• 35:33
  Speaker 15: one hundred billion dollars give or take, wiped off the
• 35:35
  Speaker 15: value of our stock market today three point seven percent.
• 35:38
  Speaker 15: It had been above eight thousand. So this is over
• 35:40
  Speaker 15: the past couple of days, and you can see those
• 35:42
  Speaker 15: big legs down really in our stock market and so
• 35:45
  Speaker 15: down five point two percent over the past two trading
• 35:48
  Speaker 15: days four hundred and twenty one points, and it had
• 35:51
  Speaker 15: been above eight thousand, an all time record. Here's some
• 35:54
  Speaker 15: of the stocks that fell today, greatly Block which owns
• 35:58
  Speaker 15: after pay down more than ten percent. Wires Tech, one
• 36:00
  Speaker 15: of the big tech leaders in the Australian stock market
• 36:03
  Speaker 15: down more than eight point eight percent. Zero's down. Next
• 36:06
  Speaker 15: to you see the big data center company down seven
• 36:09
  Speaker 15: point four percent, So you can really see that some
• 36:12
  Speaker 15: of these Even if you go to our banks, the
• 36:13
  Speaker 15: comwell fanc had been one hundred and thirty four dollars
• 36:16
  Speaker 15: and everybody said, how can it be that high? Well,
• 36:18
  Speaker 15: right now ten dollars lower than that five point seven percent,
• 36:22
  Speaker 15: So you can see the impact of just these very
• 36:25
  Speaker 15: very big falls that came right throughout the day, Chris.
• 36:27
  Speaker 15: And it obviously takes a lot of people's value with it,
• 36:30
  Speaker 15: but of course it's also unwinding some of the time
• 36:33
  Speaker 15: in recent times. One thing I will tell you though,
• 36:35
  Speaker 15: and that is any suggestion of interest rate rises in Australia,
• 36:39
  Speaker 15: they're now gone. It's now suggested that when the Federal
• 36:42
  Speaker 15: Reserve next meets in America that they will not be
• 36:45
  Speaker 15: cutting interest rates by a quarter of one percent as
• 36:48
  Speaker 15: was suggested. They'll be cutting interest rates by half a percent,
• 36:51
  Speaker 15: and the Reserve Bank will probably be forced if this
• 36:53
  Speaker 15: keeps on going to follow suit as well.
• 36:56
  Speaker 1: Yeah, extraordinary stuff.
• 36:57
  Speaker 2: I noticed it's the bank holiday today and the banks
• 37:00
  Speaker 2: taking heavy losses there in terms of their share price. Yeah,
• 37:04
  Speaker 2: this is the good news for everybody, isn't it that?
• 37:06
  Speaker 2: In terms of mortgage rates this eases the pressure, as
• 37:10
  Speaker 2: you say, the little chance of an increase now.
• 37:12
  Speaker 1: Before the end of the year.
• 37:13
  Speaker 2: All the outlook now goes to when they'll be cutting
• 37:16
  Speaker 2: interest rates. Another interesting observation I picked up today was
• 37:21
  Speaker 2: Warren Buffett, of course, the famous investor in the US,
• 37:26
  Speaker 2: cashed up, sold off a lot of stocks over the
• 37:28
  Speaker 2: last few days.
• 37:29
  Speaker 1: And how much to what degree?
• 37:31
  Speaker 2: I mean, he's followed by so many people as such
• 37:34
  Speaker 2: a canny investor. To what degree do you think that
• 37:37
  Speaker 2: the markets in the US and around the world have
• 37:38
  Speaker 2: sort of followed his lead?
• 37:40
  Speaker 15: Or probably a little bit, there's no doubt. And it
• 37:43
  Speaker 15: was the stocks that he was selling off. It was
• 37:44
  Speaker 15: the likes of the apples and the metas of this world,
• 37:47
  Speaker 15: which are massive leaders in the United States. But look,
• 37:50
  Speaker 15: I can show you a little bit more about what
• 37:52
  Speaker 15: just took place around the world, because we've shown you
• 37:54
  Speaker 15: a little bit about what happened here in Australia.
• 37:56
  Speaker 11: But if we take your.
• 37:57
  Speaker 15: Other parts of the world, have a look at this.
• 37:59
  Speaker 15: The Japanese stock market at its worst trading day today,
• 38:03
  Speaker 15: since nineteen eighty seven, the stock market crash of nineteen
• 38:05
  Speaker 15: eighty seven. The Taiwan market today, which makes all the
• 38:08
  Speaker 15: semiconductors of course, down eight point three five percent, had
• 38:12
  Speaker 15: its worst day on record, and the Korean market again
• 38:15
  Speaker 15: semiconductor Leiden was also one of its worst days in history.
• 38:19
  Speaker 15: So you keep on going through here, and these are
• 38:21
  Speaker 15: live markets now coming in. This is Europe, which has
• 38:24
  Speaker 15: only been trading for the last hour or so, down
• 38:27
  Speaker 15: by three point one percent, So you will sort of
• 38:29
  Speaker 15: thought maybe if Europe sort of pulled up stumps a
• 38:32
  Speaker 15: little bit, it might have eased up just to touch.
• 38:34
  Speaker 15: But if we go now and have a look for
• 38:35
  Speaker 15: even further forward and go and have a look at
• 38:37
  Speaker 15: the futures markets of the United States tonight, and what
• 38:40
  Speaker 15: you'll see is the future is giving you an indication
• 38:43
  Speaker 15: of what's to come when the US opens tonight. So
• 38:46
  Speaker 15: the Nasdaq is the one to watch. That's where all
• 38:48
  Speaker 15: the tech shares are. So it really does show that
• 38:51
  Speaker 15: the tech shares are really going to cop the brunt
• 38:53
  Speaker 15: of this hammering today.
• 38:55
  Speaker 2: Yeah, extraordinary stuff. We'll have to keep an eye on
• 38:57
  Speaker 2: this tomorrow. And so we're all leads of saints all
• 39:00
  Speaker 2: over it as usual. Ross Green would there and you'll
• 39:02
  Speaker 2: see him tomorrow at four or thirty. Of course, just
• 39:06
  Speaker 2: an half hour before this program. Let's go to Paris
• 39:08
  Speaker 2: now catch up for the latest on the Olympics and
• 39:10
  Speaker 2: sports news reporter Luke Dordy joins us.
• 39:14
  Speaker 1: Good to talk to you.
• 39:15
  Speaker 13: Luke.
• 39:15
  Speaker 2: What a what another cracking I was going to say
• 39:18
  Speaker 2: today it was over and night our time.
• 39:20
  Speaker 1: You're starting off the morning there. But the one that
• 39:22
  Speaker 1: we really.
• 39:23
  Speaker 2: Focused on initially, of course, is the fastest man in
• 39:26
  Speaker 2: the world, the Blue Ribbon event, the one hundred meters dash.
• 39:28
  Speaker 1: I've never seen one that close of.
• 39:30
  Speaker 16: You, No, I mean that always delivers this event. Hello
• 39:36
  Speaker 16: to you, Chris, and this one was just spectacular. Every
• 39:39
  Speaker 16: single runner under the magical ten second barrier.
• 39:43
  Speaker 13: Chris.
• 39:43
  Speaker 16: I've seen photos from the side from above. I've watched
• 39:47
  Speaker 16: the race again and again. I think about ten times now.
• 39:50
  Speaker 16: I still can't tell why Novah Lesles won and Kashane
• 39:54
  Speaker 16: Thompson was relegated to second place.
• 39:56
  Speaker 13: It was just that type.
• 39:57
  Speaker 16: Fred Curley picking up the bron and they took forever
• 40:01
  Speaker 16: to decide the winner.
• 40:02
  Speaker 13: They were standing on the.
• 40:04
  Speaker 16: Track, They're looking up at the scoreboard just and the
• 40:06
  Speaker 16: officials with photo next to every single runner trying to
• 40:10
  Speaker 16: decide as well. It was really captivating and you could
• 40:14
  Speaker 16: feel for Kashane Thompson, absolutely heartbreaking for him. But Noah
• 40:18
  Speaker 16: Lasi is the fastest man in the world nine point
• 40:21
  Speaker 16: seven eighty four to nine point seven eight nine five
• 40:25
  Speaker 16: thousandth of a second between first and second.
• 40:29
  Speaker 13: Simply incredible.
• 40:30
  Speaker 1: It's extraordinary.
• 40:32
  Speaker 2: And I think the giveaway there was Noah Lyles himself
• 40:34
  Speaker 2: saying that he didn't think he'd won, and he thought
• 40:37
  Speaker 2: Kashane had beaten him across the line, and you've got
• 40:40
  Speaker 2: to wonder at what point they just know the call
• 40:42
  Speaker 2: of the dead heat and give them both the gold medal.
• 40:44
  Speaker 2: But it was brilliant stuff to see. As you say, Luke,
• 40:48
  Speaker 2: the ugly side of the game so far has been
• 40:50
  Speaker 2: this woman's boxing controversy. I got to say, I feel
• 40:54
  Speaker 2: sorry for everybody involved, including the Algerian boxer Remain Khalif,
• 40:59
  Speaker 2: because she was allowed to banned from boxing under out
• 41:03
  Speaker 2: of the boxing authorities, yet yet the Olympics allow her
• 41:07
  Speaker 2: to compete. There's got to be consistency there for everybody's sake,
• 41:10
  Speaker 2: doesn't that?
• 41:13
  Speaker 13: Yeah, I mean this one is just messy.
• 41:15
  Speaker 16: It It's dominated the Olympics right throughout this story, and
• 41:19
  Speaker 16: every day that the International Olympic Committee hold a news
• 41:22
  Speaker 16: conference here in Paris, they are pepping about it, question
• 41:26
  Speaker 16: upon question, and it's just going to go on because
• 41:29
  Speaker 16: Amine is through to the semi finals of the boxing
• 41:32
  Speaker 16: competition in the sixty six kilo class and that isn't
• 41:35
  Speaker 16: until tomorrow, so it's only going to rumble on. And
• 41:39
  Speaker 16: it's probably going to step up a little notch today
• 41:42
  Speaker 16: as well, Chris, because the International Boxing Association, who did
• 41:46
  Speaker 16: run boxing before the International Olympic Committee ban them from
• 41:50
  Speaker 16: doing so, is due to hold a news conference in
• 41:53
  Speaker 16: the coming hours today, not here in Paris, but via
• 41:57
  Speaker 16: zoom that will be heavily attended on.
• 42:00
  Speaker 13: It can guarantee you that.
• 42:01
  Speaker 16: Because the International Olympic Committee has been questioning whether the
• 42:05
  Speaker 16: tests that were conducted to see whether these two boxes
• 42:09
  Speaker 16: actually came back with the x Y chromosome, whether they
• 42:12
  Speaker 16: were valid or not, the IBA is saying, well, they
• 42:15
  Speaker 16: were our tests. We kicked them out of the twenty
• 42:17
  Speaker 16: twenty three World Championships because they came back like that,
• 42:20
  Speaker 16: So they are probably keen the IBA to stick up
• 42:23
  Speaker 16: for themselves and be really interesting to see what they
• 42:26
  Speaker 16: have to say about the International Olympic Committee's take and
• 42:29
  Speaker 16: this ongoing war outside of the ring between the IOC
• 42:32
  Speaker 16: and the IBA, And like you mentioned, all the while
• 42:35
  Speaker 16: a Maine is in their boxing and trying to win
• 42:38
  Speaker 16: a medal over the coming days. And I can tell
• 42:41
  Speaker 16: you the Algerian fans here have got behind a main
• 42:45
  Speaker 16: on mass.
• 42:46
  Speaker 13: They are out at the North Paris.
• 42:47
  Speaker 16: Arena where this is being held, the boxing every single
• 42:51
  Speaker 16: day and chanting and getting behind a Maine and that's
• 42:54
  Speaker 16: only going to continue as the competition and her competition
• 42:57
  Speaker 16: continues as well.
• 42:59
  Speaker 3: Yeah.
• 42:59
  Speaker 2: I think we've got to comment here from Mark Adams,
• 43:01
  Speaker 2: the IOC spokesman on this.
• 43:04
  Speaker 17: Those tests are not legitimate tests, so there was indeed
• 43:09
  Speaker 17: a letter, Yeah, I can confirm that, But the tests themselves,
• 43:14
  Speaker 17: the process of the tests, the are top nature of
• 43:17
  Speaker 17: the tests are not legitimate.
• 43:20
  Speaker 1: Yeah.
• 43:20
  Speaker 2: And as Luke says, there'll be more news to come
• 43:22
  Speaker 2: on that story in the next hour or so. We'll
• 43:24
  Speaker 2: bring it to you here on sky On News throughout
• 43:26
  Speaker 2: the evening. No doubt Luke can bring us up the
• 43:28
  Speaker 2: date with Jess Fox. She's been the star of the
• 43:31
  Speaker 2: show in many respects for Australia. She's been the face
• 43:33
  Speaker 2: of Australia throughout these Games. But she's her final bid
• 43:36
  Speaker 2: from a medaler's fallen flat.
• 43:41
  Speaker 16: Yeah, Australia's co flag bearer Jess Fox. I mean, what
• 43:44
  Speaker 16: a competition it's been. Yes, it didn't go to plan
• 43:47
  Speaker 16: in the new event for her, the kayak cross, where
• 43:49
  Speaker 16: she was drawn in the same heat as her sister Miami,
• 43:51
  Speaker 16: and about nightmare situation for them. They didn't want to
• 43:54
  Speaker 16: compete against each other until far later in the competition.
• 43:57
  Speaker 16: Noemi still in competition, but Jess walks away with two
• 44:00
  Speaker 16: gold and the C one that she won in Tokyo
• 44:03
  Speaker 16: three years ago and she won it again here.
• 44:06
  Speaker 13: That was great, But the one she really wanted was
• 44:08
  Speaker 13: the K one.
• 44:08
  Speaker 16: It's one that's always haunted her at Olympic level. She's
• 44:11
  Speaker 16: been a world champion multiple times in that so to
• 44:14
  Speaker 16: tick that off a huge pressure valve relief. And we
• 44:18
  Speaker 16: spoke to her about that last night in the early
• 44:21
  Speaker 16: hours of the morning here in Paris, just about the
• 44:23
  Speaker 16: weight of being the co flag bearer, coming in with
• 44:25
  Speaker 16: all the expectation and perhaps everyone thinking that well, if
• 44:30
  Speaker 16: she doesn't go to plan that this storyline around Jess
• 44:32
  Speaker 16: that she couldn't get her done in the K one
• 44:34
  Speaker 16: was just going to continue.
• 44:35
  Speaker 13: But she was so tough and so strong. This is
• 44:37
  Speaker 13: what Jess had to say.
• 44:40
  Speaker 18: I think it's been many, many years of hard work
• 44:43
  Speaker 18: and you know, technical, physical, mental work to try and
• 44:47
  Speaker 18: put down that run in an Olympic final. And yeah,
• 44:51
  Speaker 18: it was really something I was very proud of. When
• 44:53
  Speaker 18: I crossed the finish line, I knew that was a
• 44:55
  Speaker 18: good run. But I also just had to wait agonizingly long.
• 44:59
  Speaker 18: It was really long to just wait and see whether
• 45:01
  Speaker 18: it would be enough. And yeah, so so happy.
• 45:05
  Speaker 2: Fantastic stuff there, Luca. Jess Fox, she got herself two
• 45:08
  Speaker 2: gold medals. Also, she had a sister in the Olympics
• 45:12
  Speaker 2: with her, as you say, still going in that event.
• 45:15
  Speaker 1: Thanks for joining us, Luca, Good good luck for the
• 45:17
  Speaker 1: day ahead.
• 45:18
  Speaker 2: Luke Doady there with a busy day ahead of him
• 45:20
  Speaker 2: as the Paris Olympic day unfolds again, aren't you envious
• 45:25
  Speaker 2: of those guys covering it over there.
• 45:27
  Speaker 1: We've got to get to a break. We've got lots
• 45:28
  Speaker 1: more to talk about.
• 45:29
  Speaker 2: I want to catch up with Sophiel's worth to talk
• 45:31
  Speaker 2: about media issues, including the extraordinary amount of money that
• 45:33
  Speaker 2: the ABC is spending on advertising. I didn't think they
• 45:37
  Speaker 2: liked advertising. It's got to Melbourne and catch up with Sophie.
• 45:44
  Speaker 2: L's worth media right for the Australian to talk all
• 45:46
  Speaker 2: things media. Another cracking yarn from you today, Sophie on
• 45:50
  Speaker 2: the ABC over twenty one million dollars of taxpayers money
• 45:55
  Speaker 2: spend on advertising and promotions and audience research. I would
• 45:59
  Speaker 2: have thought this is all stuff that the ABC shouldn't
• 46:01
  Speaker 2: be interested in.
• 46:04
  Speaker 19: Well, Chris, these are the figures that the ABC don't
• 46:07
  Speaker 19: want you to see because they're quite extraordinary amounts that
• 46:12
  Speaker 19: they are spending on promoting themselves. Now, remembering they are
• 46:16
  Speaker 19: not a business, they don't need to make money. They
• 46:19
  Speaker 19: get one billion dollars of our money every year. But
• 46:22
  Speaker 19: they seem to be drastically increasing their spending in the
• 46:27
  Speaker 19: last twelve months. It's gone up thirty three percent.
• 46:31
  Speaker 1: Chris.
• 46:31
  Speaker 19: In this twelve month period they spent twelve million dollars
• 46:35
  Speaker 19: alone on advertising and then eight or so million on
• 46:39
  Speaker 19: audience research and promotions.
• 46:42
  Speaker 2: Well, it's just insane that they would need to advertise
• 46:44
  Speaker 2: anywhere on anything, except maybe.
• 46:47
  Speaker 1: To recruit people but.
• 46:49
  Speaker 2: I mean they have websites and radio stations and television
• 46:53
  Speaker 2: stations galore. Any promotions they want to do, they should
• 46:56
  Speaker 2: be able to do on their own network, shouldn't they.
• 47:00
  Speaker 19: Well, you would think so, Chris, But I know here
• 47:03
  Speaker 19: in Melbourne, I've seen many adverts for the ABC on
• 47:06
  Speaker 19: billboards near some.
• 47:10
  Speaker 11: Of the busiest roads in the city.
• 47:13
  Speaker 19: Tram stops, bus stops, social media you often see advertising,
• 47:18
  Speaker 19: and I have seen in other capital cities across the country.
• 47:21
  Speaker 19: So it appears that they're not stopping this sort of spending.
• 47:25
  Speaker 19: And perhaps it's something that Kim Williams could look at,
• 47:27
  Speaker 19: because the ABC did not respond to my questions about
• 47:31
  Speaker 19: this level of spending.
• 47:33
  Speaker 2: Yeah, and no doubt Center estimates. Whenever that is next,
• 47:35
  Speaker 2: there'll be questions about this as well. It doesn't seem
• 47:37
  Speaker 2: to be working though when it comes to their ratings.
• 47:40
  Speaker 1: I suppose.
• 47:41
  Speaker 2: The other point is you mentioned there's millions of dollars
• 47:44
  Speaker 2: spent on audience research, and again it doesn't seem that
• 47:48
  Speaker 2: if they're not a commercial organization, they're not supposed to
• 47:50
  Speaker 2: be chasing ratings. It's hard to see why they need
• 47:53
  Speaker 2: to spend millions upon millions of dollars on audience research.
• 48:00
  Speaker 19: Well, that's a very good question, Chris. And look it's
• 48:02
  Speaker 19: not working because the figures in their annual report last
• 48:06
  Speaker 19: year's show that their audiences are going down. So they
• 48:09
  Speaker 19: have a problem here. They're increasing their spending to promote themselves,
• 48:13
  Speaker 19: but their viewers and listeners are tuning out. And Chris,
• 48:17
  Speaker 19: I'm sure you've got plenty of reasons why this might
• 48:20
  Speaker 19: be the case.
• 48:21
  Speaker 2: Yeah, indeed, indeed, a little bit of diversity would work
• 48:23
  Speaker 2: for them. Let's go to Channel nine refreshed people's memories.
• 48:27
  Speaker 2: Of course, in the lead up to the Olympics and
• 48:29
  Speaker 2: the start of the games, in fact, Channel nine journals
• 48:32
  Speaker 2: were on strike. This is a sort of the stuff
• 48:34
  Speaker 2: that they are running or getting support in social media.
• 48:39
  Speaker 1: Journalism is a journalism without journalists.
• 48:41
  Speaker 2: Don't torch journalism Horrified by the idea of an inadequate
• 48:47
  Speaker 2: pay rise on.
• 48:48
  Speaker 9: The sacking of journalistic staff, do torch journalism?
• 48:56
  Speaker 2: I don't think there were sackings and a torch want
• 48:58
  Speaker 2: some play on the Olympics. Understandably, as you report to Sophie,
• 49:02
  Speaker 2: this has created tensions with staff there because some people
• 49:05
  Speaker 2: are calling those who were working scabs and others will think, well,
• 49:08
  Speaker 2: hang on a second, we're trying to cover the Olympics
• 49:10
  Speaker 2: and you're undercutting us.
• 49:12
  Speaker 1: There are going to be repercussions for some time to come.
• 49:16
  Speaker 11: Absolutely.
• 49:17
  Speaker 19: Chris and one of their high profile reporters, Osmond Faruki,
• 49:20
  Speaker 19: put a post on Instagram basically saying we see you
• 49:24
  Speaker 19: towards that affected those who did not go along with this,
• 49:29
  Speaker 19: and this has caused a lot of unrest within Nine.
• 49:32
  Speaker 19: People are angry about this. They saw it as an attack.
• 49:36
  Speaker 19: It did not go down well and there's a real
• 49:38
  Speaker 19: divide in the publishing division because not all people wanted
• 49:42
  Speaker 19: to walk off the job, particularly during the Paris Olympics
• 49:45
  Speaker 19: where Nine have the broadcasting round.
• 49:47
  Speaker 2: Understandably, so understandably, So thanks for joining us again, Sophia.
• 49:51
  Speaker 1: We'll catch you next week. Sophie Elsworthy. You can read
• 49:53
  Speaker 1: all her stuff in The Australian on the website. Time
• 49:56
  Speaker 1: now for Peter Quiitnin. I'll see you tomorrow.