1
00:00:03,840 --> 00:00:07,040
Speaker 1: It's Monday, the eighth of September twenty twenty five. Welcome

2
00:00:07,080 --> 00:00:09,520
Speaker 1: to the Fast five Business News by Fear and Greed,

3
00:00:09,520 --> 00:00:11,400
Speaker 1: where we give you the top five business stories you

4
00:00:11,440 --> 00:00:13,760
Speaker 1: need to know in just five minutes. Are Michale Thompson

5
00:00:13,800 --> 00:00:17,320
Speaker 1: and Good Morning Natalie McDonald. Good Morning Michael, Natalie. Five

6
00:00:17,360 --> 00:00:19,480
Speaker 1: stories in five minutes. Let's go with story number one.

7
00:00:19,480 --> 00:00:22,759
Speaker 1: Investors are on edge as US stock markets that have

8
00:00:22,800 --> 00:00:24,959
Speaker 1: been read hot lately, they face the risk of a

9
00:00:25,040 --> 00:00:28,000
Speaker 1: sharp pullback. Despite the S and P five hundred climbing

10
00:00:28,000 --> 00:00:31,880
Speaker 1: eleven percent so far this year, Analysts at Morgan Stanley,

11
00:00:31,960 --> 00:00:36,000
Speaker 1: Deutsche Bank, Evercore, and top hedge funds as well are

12
00:00:36,040 --> 00:00:39,879
Speaker 1: warning that a five to fifteen percent correction, well it

13
00:00:39,920 --> 00:00:40,600
Speaker 1: could be coming.

14
00:00:40,840 --> 00:00:44,280
Speaker 2: The red flags well, Rising tariffs are slowing economy and

15
00:00:44,320 --> 00:00:49,160
Speaker 2: stock prices trading well above historical norms. Inflation may look

16
00:00:49,240 --> 00:00:52,800
Speaker 2: tame for right now, but manufacturers are delaying passing higher

17
00:00:52,880 --> 00:00:56,360
Speaker 2: costs onto consumers of costs that are already starting to

18
00:00:56,440 --> 00:01:00,320
Speaker 2: hit sectors like food and electronics. If consumer spendings, those

19
00:01:00,440 --> 00:01:02,960
Speaker 2: business profits could take a hit. The S and P

20
00:01:03,080 --> 00:01:06,400
Speaker 2: five hundred s price to earnings ratio is now twenty seven,

21
00:01:06,600 --> 00:01:10,160
Speaker 2: far above its long term average of sixteen, fueling fears

22
00:01:10,160 --> 00:01:13,320
Speaker 2: that many stocks are overvalued. And of course we pay

23
00:01:13,360 --> 00:01:15,479
Speaker 2: a lot of attention to what happens on Wall Street

24
00:01:15,480 --> 00:01:18,800
Speaker 2: because the US it's the world's biggest economy, and Wall

25
00:01:18,800 --> 00:01:21,360
Speaker 2: Street delivers a lead into our local market each day.

26
00:01:21,680 --> 00:01:24,320
Speaker 1: Yeah, it certainly does matter, Okay, Under story number two now,

27
00:01:24,360 --> 00:01:27,520
Speaker 1: auction clearance rates continue to track pretty well. This is

28
00:01:27,880 --> 00:01:30,520
Speaker 1: This was officially the first weekend of the spring selling

29
00:01:30,560 --> 00:01:34,880
Speaker 1: season and buyers were racing off to auctions, eager to

30
00:01:34,959 --> 00:01:37,200
Speaker 1: jump in before a change to the First Home Buyers

31
00:01:37,200 --> 00:01:40,200
Speaker 1: Scheme comes into effect on the first of October, which

32
00:01:40,240 --> 00:01:42,959
Speaker 1: will of course bring a lot more people into the market.

33
00:01:43,200 --> 00:01:47,040
Speaker 2: Across Australia's capital cities. The preliminary auction clearance rate hits

34
00:01:47,080 --> 00:01:50,400
Speaker 2: seventy five percent. Well, that is a touchdoftter live in

35
00:01:50,480 --> 00:01:52,800
Speaker 2: last week. It marks the fourth straight week at this

36
00:01:52,880 --> 00:01:56,400
Speaker 2: level or higher. Sydney continuing to drive growth at seventy

37
00:01:56,440 --> 00:01:59,560
Speaker 2: eight percent, Melbourne trending slightly weaker at seventy three point

38
00:01:59,600 --> 00:02:02,720
Speaker 2: two percent, with Brisbane reaching seventy six and a half.

39
00:02:02,960 --> 00:02:06,279
Speaker 2: For sellers, auctioneers say some vendors are in fact opting

40
00:02:06,320 --> 00:02:09,880
Speaker 2: to delay their auction until October, with expectations of more

41
00:02:09,919 --> 00:02:13,440
Speaker 2: potential buyers coming to market once the Albanese government's five

42
00:02:13,480 --> 00:02:16,799
Speaker 2: percent deposit scheme for first home buyers comes into effect.

43
00:02:17,320 --> 00:02:21,080
Speaker 1: Storry number three. Australia is now the last continent free

44
00:02:21,560 --> 00:02:25,160
Speaker 1: sil free of the deadly H five N one bird flu,

45
00:02:25,280 --> 00:02:28,919
Speaker 1: but experts are warning that that luck may soon run out.

46
00:02:29,240 --> 00:02:32,200
Speaker 1: Spring migration of birds is underway. The nation has been

47
00:02:32,560 --> 00:02:35,880
Speaker 1: bracing for years for this virus to arrive, and unfortunately,

48
00:02:35,919 --> 00:02:39,000
Speaker 1: industry leaders say it's just a matter of really when

49
00:02:39,200 --> 00:02:39,600
Speaker 1: not if.

50
00:02:40,040 --> 00:02:43,400
Speaker 2: Globally, H five N one has wiped out tens of

51
00:02:43,600 --> 00:02:47,000
Speaker 2: millions of poultry birds, hammered dairy herds in the US,

52
00:02:47,000 --> 00:02:50,520
Speaker 2: and sent egg and meat prices soaring in South America.

53
00:02:50,560 --> 00:02:53,880
Speaker 2: It's killed wildlife on a massive scale, from penguins to

54
00:02:54,240 --> 00:02:58,040
Speaker 2: sea lions. Australia has already seen the damage from less

55
00:02:58,120 --> 00:03:02,279
Speaker 2: lethal strains, with last year's H seven outbreaks forcing masskulls

56
00:03:02,320 --> 00:03:05,399
Speaker 2: and cutting eggs supplied by ten percent. Canberra has set

57
00:03:05,440 --> 00:03:09,359
Speaker 2: aside ninety five million dollars for biosecurity and response measures,

58
00:03:09,560 --> 00:03:12,920
Speaker 2: but poultry farmers say their biggest threat remains wild birds.

59
00:03:13,360 --> 00:03:16,680
Speaker 2: If H five and one lands here, the economic fallout

60
00:03:16,720 --> 00:03:19,480
Speaker 2: could dwarf for anything the industry has faced.

61
00:03:19,160 --> 00:03:21,680
Speaker 1: Before, and as quickly we have seen an example of

62
00:03:21,680 --> 00:03:24,600
Speaker 1: how that could actually play out for business, with Cole's

63
00:03:24,639 --> 00:03:28,080
Speaker 1: backflipping on its promise to ditch caged eggs this year,

64
00:03:28,120 --> 00:03:31,080
Speaker 1: delaying the phase out until twenty thirty because of the

65
00:03:31,120 --> 00:03:34,000
Speaker 1: recent bird flu outbreaks of that lesser strain that have

66
00:03:34,080 --> 00:03:37,240
Speaker 1: just hammered supply, pushed up prices, shelves have been left bare.

67
00:03:37,240 --> 00:03:39,800
Speaker 1: They just said, we can't make that conversion just yet,

68
00:03:40,040 --> 00:03:44,480
Speaker 1: all right, Onto story number four. Japan's Prime Minister Shagheruushiba

69
00:03:44,520 --> 00:03:46,920
Speaker 1: has quit less than a year into the job, following

70
00:03:46,960 --> 00:03:50,000
Speaker 1: pressure from his party to take responsibility for a major

71
00:03:50,040 --> 00:03:52,600
Speaker 1: defeat in July's parliamentary elections.

72
00:03:53,200 --> 00:03:56,280
Speaker 2: The resignation comes just a day before the Liberal Democratic

73
00:03:56,320 --> 00:03:59,600
Speaker 2: Party was set to vote on an early leadership election

74
00:03:59,720 --> 00:04:03,080
Speaker 2: as eventually a no confidence motion. The move follows a

75
00:04:03,200 --> 00:04:07,720
Speaker 2: humiliating defeat in July's election, where his Liberal Democratic Party

76
00:04:07,800 --> 00:04:11,520
Speaker 2: lost control of both houses of parliament. Voters had turned

77
00:04:11,520 --> 00:04:15,400
Speaker 2: against is Shiba over soaring living costs, and party insiders

78
00:04:15,400 --> 00:04:18,320
Speaker 2: have been pushing for him to go for weeks. Attention

79
00:04:18,800 --> 00:04:21,640
Speaker 2: now turns, of course, to who will replace him. The

80
00:04:21,680 --> 00:04:25,320
Speaker 2: front runners, well, we've got former leadership rival Sanata Kaichi,

81
00:04:25,440 --> 00:04:29,480
Speaker 2: who favors big spending and looser monetary policy, and rising

82
00:04:29,520 --> 00:04:33,520
Speaker 2: stash Jiro Kaiozumi, who is issue ba's agricultural minister.

83
00:04:34,240 --> 00:04:36,440
Speaker 1: Last one story number five and one I'm getting very

84
00:04:36,440 --> 00:04:39,960
Speaker 1: excited about Natalie. Apple is getting ready to unveil the

85
00:04:40,040 --> 00:04:44,360
Speaker 1: iPhone seventeen lineup this week in California. The big talking

86
00:04:44,400 --> 00:04:46,640
Speaker 1: point is thinness.

87
00:04:46,960 --> 00:04:49,159
Speaker 2: It's not often you can say that in the twenty

88
00:04:49,200 --> 00:04:52,479
Speaker 2: twenty five, but analysts say that the iPhone Air will

89
00:04:52,520 --> 00:04:56,280
Speaker 2: be Apple's slimmest ever, at just five point five millimeters thick.

90
00:04:56,360 --> 00:04:59,720
Speaker 2: That's two millimeters thinner than today's Pro models. But the

91
00:05:00,000 --> 00:05:02,640
Speaker 2: its raide off here is a much smaller battery, meaning

92
00:05:02,839 --> 00:05:05,560
Speaker 2: more time at the charger. The Air is tip to

93
00:05:05,600 --> 00:05:09,000
Speaker 2: replace the Plus model and land around fourteen hundred dollars,

94
00:05:09,040 --> 00:05:12,240
Speaker 2: although some analysts think that Apple may even push pricing

95
00:05:12,240 --> 00:05:15,440
Speaker 2: closer to twelve hundred to catch subsidies in China, a

96
00:05:15,520 --> 00:05:18,800
Speaker 2: key market. It's all part of a battle with Samsung

97
00:05:18,880 --> 00:05:23,239
Speaker 2: to revive flat smartphone sales beyond iPhones, though Apple's expected

98
00:05:23,279 --> 00:05:26,440
Speaker 2: to roll out new Apple watches and AirPods, but no

99
00:05:26,800 --> 00:05:28,360
Speaker 2: major AI upgrades to Siri.

100
00:05:28,480 --> 00:05:30,719
Speaker 1: That's still a nice indeed. All right, there we go

101
00:05:30,800 --> 00:05:33,520
Speaker 1: the top five business stories in five minutes. Thank you Natalie,

102
00:05:33,560 --> 00:05:36,279
Speaker 1: Thank you Michael. It is Monday, the eighth of September

103
00:05:36,400 --> 00:05:39,000
Speaker 1: twenty twenty five. Remember to hit follow on the podcast

104
00:05:39,040 --> 00:05:41,120
Speaker 1: and five minutes isn't enough. You can find our longer

105
00:05:41,200 --> 00:05:44,360
Speaker 1: daily show called Fear and Great wherever you listen to podcasts.

106
00:05:44,400 --> 00:05:46,680
Speaker 1: I'm Ucale Thompson and that was the past five business

107
00:05:46,720 --> 00:05:51,640
Speaker 1: news by Fear and Great. Have a great day,