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Speaker 1: It's Monday, the twenty second of September twenty twenty five.

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Speaker 1: Welcome to the Fast five Business News by Fear and Greed,

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Speaker 1: where we give you the top five business stories you

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Speaker 1: need to know in just five minutes. I'm Michael Thompson,

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Speaker 1: and good morning Sean Aylmer.

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Speaker 2: Good morning, Michael Shawn.

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Speaker 1: Five stories, five minutes, let's go story number one. Prime

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Speaker 1: Minister Anthony Abernezi is in New York for the United

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Speaker 1: Nations General Assembly is expected to announce Australia's recognition of

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Speaker 1: the Palestinian state, but there is already pressure from US

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Speaker 1: politicians to not make the announcement.

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Speaker 2: A letter co assigned by twenty five Republican members of

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Speaker 2: Congress accused Australia and other countries of legitimizing a Palestinian

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Speaker 2: terrrist state and threatening repercussions. It said proceeding with recognition

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Speaker 2: will put your country at odds with long standing US

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Speaker 2: policy and interests, and may invite punitive measures. In response,

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Speaker 2: the letter was addressed to Albinizi, as well as French

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Speaker 2: President Emanuel mccron, Canadian Prime Minister Mark Carney, and British

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Speaker 2: Prime Minister Sir Key Starmer copies, of course, went to

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Speaker 2: Donald Trump. Trump had tried to del the recognition process

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Speaker 2: by denying a US visa to Palestinian Authority President Marmwood,

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Speaker 2: A Bus and about eighty officials, before Australia and others

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Speaker 2: vated in the UN over the weekend to allow Bus

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Speaker 2: to address the special summit by video link. The Republican

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Speaker 2: lettery cares is Australia, France, Canada and Britain of setting

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Speaker 2: a dangerous precedent that violence, not diplomacy, is the most

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Speaker 2: expedient means for terrorist groups like AMAS to achieve their

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Speaker 2: political aims.

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Speaker 1: Sean Palestinian recognition will obviously be a very significant issue

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Speaker 1: in the General Assembly, but for a lot of Australian

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Speaker 1: so the question is going to be will Albanisi meet

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Speaker 1: Trump while he's over there?

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Speaker 2: No guarantee yet. Now last week we had Donald Trump

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Speaker 2: brating Australian journalists saying, your leader is coming over very soon.

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Speaker 2: I'm going to tell him about you. That's why we

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Speaker 2: think they're going to meet. Although today this morning Meet

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Speaker 2: is reporting that it's possible the too will have an

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Speaker 2: informal catch up on Wednesday morning Australian time only Alberanzi

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Speaker 2: himself played down the prospects of meeting Trump, saying there'd

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Speaker 2: be several opportunities in coming months to do so. If

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Speaker 2: they do meet, obviously they'll be talking defense. Aucas Oh

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Speaker 2: actually really needs a foreign policy win. Like last week

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Speaker 2: he sort of lost out he didn't sign deals with

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Speaker 2: P and G in Vanuatu. I'm sure he'd like to

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Speaker 2: get a win this week in the US.

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Speaker 1: Yeah, he would think so. On to story number two,

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Speaker 1: hour Sean and pressure is rising on Optus to be

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Speaker 1: penalized as investigations are promised into an outage linked to

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Speaker 1: at least three deaths. Optus boss Stephen Rue has apologized

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Speaker 1: to the community for the company's Triple zero failure and

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Speaker 1: said early investigations show that established processes weren't followed.

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Speaker 2: The last Thursday morning, twelve thirty am, I botched firewall

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Speaker 2: update blocked hundreds of calls to Triple zero in South Australia,

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Speaker 2: Western Australia and Northern Territory as a result of sixty

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Speaker 2: eight year old woman died in Adelaide, a seventy four

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Speaker 2: year old man and a forty nine year old man

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Speaker 2: in Perth. South Australian police say Preliminary investigations into the

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Speaker 2: death of an eight week old boy north of Adelaide

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Speaker 2: on Thursday suggest the outage is unlikely to have contributed

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Speaker 2: to his death. In any case, at least two other

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Speaker 2: tribleau calls from New South Wales failed to get through.

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Speaker 2: Optus was unaware of the outage for about thirteen hours.

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Speaker 2: Chief executive Stephen ru said the call center workers who

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Speaker 2: received complaints Roptus customers on Thursday morning didn't escalate the

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Speaker 2: issue up the chain to senior staff and the update

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Speaker 2: was canceled and access to the emergency line was restored

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Speaker 2: after thirteen hours. But obviously fatal consequences as a result,

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Speaker 2: very very tragic.

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Speaker 1: Yeah, it certainly is all right. On just story number

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Speaker 1: three now, Sean. The spring selling season is hot, with

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Speaker 1: preliminary clearance rates over the past week hitting a four

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Speaker 1: year high and Melbourne is leading the way.

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Speaker 2: Yeah, So twenty eight hundred auctions over the last week,

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Speaker 2: up about eleven percent, came The preliminary clearance rate came

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Speaker 2: in at seventy seven point nine percent, high since October

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Speaker 2: twenty twenty one. Melbourne can't stop it seventy eight point

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Speaker 2: six percent and it had about half the auctions over

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Speaker 2: the last week. Sydney, the rate was seventy seven point

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Speaker 2: nine percent. Adelaide top the rankings over all eighty five

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Speaker 2: point five. Brisbane was about sixty five point six. The

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Speaker 2: market's hot story number four. It's been more than a

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Speaker 2: year now since Regional Express better known as REX, went

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Speaker 2: into administration. Has it finally found a bio sean well?

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Speaker 2: The fin Reviews reporting that NOSDCK listed aircraft operator Airtea

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Speaker 2: has put together an offer that might get across the line.

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Speaker 2: Of course, it needs to be approved by the government.

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Speaker 2: The deal could be announced as soon as today, the

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Speaker 2: paper said. Airt is an air operator currently running cargo flights,

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Speaker 2: including FedEx in the United States four FedEx in the

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Speaker 2: United States. It also provides commercial aircraft trading and leasing

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Speaker 2: and sells jet engine parts, airframes, avion its and logistics

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Speaker 2: to the aviation industry.

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Speaker 1: Last one story number five and one for perhaps someone

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Speaker 1: to bust out at work today if you want a

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Speaker 1: mildly interesting stat to wow your colleagues. Australia's population has

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Speaker 1: hit twenty seven and a half million people. That's four

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Speaker 1: hundred and twenty three thousand more than a year ago.

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Speaker 2: The ABS stats, which measure the population as at every

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Speaker 2: March that there was a natural increase of one hundred

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Speaker 2: and seven thousand people. That's birth's minus deaths. Well, immigration

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Speaker 2: added three hundred and sixteen thousand people. Western Australia fastest

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Speaker 2: rise in population, up two point three percent over the year.

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Speaker 2: Victorian and Queensland equals second. Tazzy saw the slowest growth,

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Speaker 2: just up to zero point two percent. Australia is the

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Speaker 2: fifty fifth largest country, Michael, slightly bigger than North Korea,

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Speaker 2: but smaller than Niger. India's most populous country in the

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Speaker 2: world one point four to six billion. Well we've got

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Speaker 2: twenty seven and a half million. We've got ways to go,

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Speaker 2: followed by China, US, Indonesia and Pakistan.

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Speaker 1: All right, there we go, the top five business stories

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Speaker 1: in five minutes. Thank you Sean, Thank you Michael. It

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Speaker 1: is Monday, the twenty second of September twenty twenty five.

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Speaker 1: Remember to hit follow on the podcast and if five

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Speaker 1: minutes isn't enough, you can find our longer daily show

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Speaker 1: called Fear and Greed wherever you listen to podcasts. I'm

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Speaker 1: Michael Thompson and that was the fast five business news

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Speaker 1: by fear and greed, Have a great day.