First, we have to acknowledge that the spinner's outcome is independent from the disc pulled from the bag.
For the spinner, there are 7 outcomes (7 spots we could land upon) and only 1 of which is pink. We have a 1/7 chance of landing on pink.
For the bag of discs, there are 12 possible outcomes (12 discs we could pick) and 4 are red. We have a 4/12 chance of pulling a red disc. 4/12 = 1/3
For the overall probability, since the two events are independent, we multiply the individual probabilities to find the overall probability:
1/7 · 1/3 = 1/21
We have a 1/21 (about 4.762%) chance of having the spinner land on pink and then pulling a red disc from the bag.