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Speaker 1: It's Monday, the twentieth of January twenty twenty five. Welcome

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Speaker 1: 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, Sean.

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Speaker 1: Five big stories to get through in five minutes, so

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Speaker 1: we better get going. Story number one. Donald Trump will

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Speaker 1: this week become the President of the United States for

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Speaker 1: the second time, putting investment markets on edge on the

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Speaker 1: back of enormous uncertainty really around economic and political settings.

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Speaker 2: The inauguration is scheduled for tomorrow morning Australian time. Mister

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Speaker 2: Trump will raise his right hand and take the oath

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Speaker 2: of office. Officially, he takes the gig at noon Washington time.

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Speaker 2: Many of his policies are extreme in nature, for example,

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Speaker 2: massive deportation of many immigrants living in the US, big

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Speaker 2: immediate tariffs, policy announcements on social media which may or

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Speaker 2: may not occur. I'mp Shane Oliver, a veteran watching US

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Speaker 2: political systems. He's say is that the policy agenda is

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Speaker 2: somewhat schizophrenic for investment markets. There's good news, things like

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Speaker 2: tax cuts, to regulation and bad news tariffs and immigration.

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Speaker 2: He said that we're likely to see a bunch of

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Speaker 2: announcements early on maybe Day one, things around immigration, energy deregulation,

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Speaker 2: financial degregulation, cryptocurrencies, federal workforce, tariffs, that type of stuff.

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Speaker 2: What's the mean for Australia. We don't sell a hell

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Speaker 2: of a lot to the US, Michael. Four percent of

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Speaker 2: our exports go there, so the tariffs won't have much

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Speaker 2: of a direct impact, but we will feel it if

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Speaker 2: there's a global slow down, and particularly if there's a

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Speaker 2: slowdown in China, Michael.

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Speaker 1: And as quickly shan before we leave US politics. The

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Speaker 1: inauguration will shift indoors, ostensibly because of the frigid weather

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Speaker 1: in Washington, DC.

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Speaker 2: I bet the security team are breathing a sigh of

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Speaker 2: relief on that one. He'll be sworn in inside the

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Speaker 2: Capitol Building, then'll host a modified inaugural parade at the

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Speaker 2: Capital One Arena on the other side of town. Twenty

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Speaker 2: five thousand police, federal law enforcement and military personnel will

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Speaker 2: be on duty during the inor twenty five thousand.

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Speaker 1: That's a big operation, all right. On to story number two. Now,

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Speaker 1: it news that two of the biggest mining companies in

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Speaker 1: the world, Australia's Rio Tinto and Swiss headquartered Glencore, had

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Speaker 1: been discussing a potential merger. Has put the focus very

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Speaker 1: much on copper.

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Speaker 2: Talks took place last year, though are not currently active.

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Speaker 2: If it went ahead, and it may still go ahead,

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Speaker 2: it would be the industry's biggest ever deal. Now Rie

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Speaker 2: is this world's second biggest miner, valued at one hundred and

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Speaker 2: five billion us BHP's actually number one at one hundred

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Speaker 2: and twenty six billion. Rio one a five glen Core

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Speaker 2: fifty five billion. Glencore and Rio owned some of the

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Speaker 2: best copper mines in the world. Glen Core produced about

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Speaker 2: a million tons a year, Rio eight hundred thousand tons.

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Speaker 2: What the deal shows is just how important copper is

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Speaker 2: as a future facing commodity. Raises questions for Austraia because

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Speaker 2: we don't actually produced much copper. We produced a lot

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Speaker 2: of iron ore. Anyway, the spotlight is well and truly

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Speaker 2: on copper at the moment.

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Speaker 1: Yeah. Indeed, story number three Prime Minister, where Anthony Aberanezi

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Speaker 1: has called for action, not meetings, to combat the escalating

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Speaker 1: antisemitism across the country. Just ahead of the ceasefire between

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Speaker 1: Israel and Hamas.

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Speaker 2: On Friday, cars were torched and vandalized in Sydney's East.

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Speaker 2: The former home of high profile Jewish leader Alex Richan

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Speaker 2: was doused with red paint. Anthony Albernezi and New South

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Speaker 2: Wales State Premier Chris Mins yesterday said federal and state

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Speaker 2: action would be taken to clampdown on anti Semitism. Of course,

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Speaker 2: this is all going on while the as a ceasefire

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Speaker 2: between Hamas and Israel takes effect. It comes after fifteen

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Speaker 2: months of conflict. Now they're about ninety eight hostages still

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Speaker 2: being held in the Gaza. Mister Netanyahu warned that he

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Speaker 2: was ready to go back to war if negotiations for

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Speaker 2: the second phase of the ceasefire deal collapses.

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Speaker 1: Story Number four. Non Fungible Tokens SEAN or NFTs in

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Speaker 1: twenty twenty four had their worst year for trading volumes

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Speaker 1: and sales since the COVID pandemic.

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Speaker 2: So sales of digital collectibles fell eighteen percent. Volume was

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Speaker 2: down nine tineteen percent. That's according to a group called

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Speaker 2: DApp Radar. NFT is mostly a creation of the pandemic,

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Speaker 2: a unique digital signature that can be attached to an

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Speaker 2: image or a piece of footage, or a tweet or something.

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Speaker 2: Remember the Jack Dorsey's first tweet. Jack Dorsey founded Twitter

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Speaker 2: his first tweet, the NFT of that sold for two

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Speaker 2: point nine million dollars. Demand peaked in twenty twenty two,

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Speaker 2: sales that year with about fifty seven billion dollars prices

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Speaker 2: and collapsed in twenty twenty three. Crypto several covered since then.

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Speaker 2: NFTs have not. Will just be interesting to see what

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Speaker 2: happens under the Donald Trump regime.

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Speaker 1: Last one story number five, TikTok stopped working in the

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Speaker 1: United States overnight and disappeared from the Apple and Google

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Speaker 1: app stores ahead of the beginning of a law that

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Speaker 1: requires the full shutdown of the app.

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Speaker 2: TikTok's Chinese owned He put out a message yesterday if

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Speaker 2: people were trying to open their TikTok account, saying a

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Speaker 2: law banning TikTok has been enacted in the US. Unfortunately,

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Speaker 2: that means you can't use TikTok for now, it continued.

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Speaker 2: We are fortunate that President Trump has indicated that he

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Speaker 2: will work with us on a solution to reinstate TikTok

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Speaker 2: once he takes office in the US Supreme Court last

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Speaker 2: week upheld the law passed by Congress that requires ByteDance,

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Speaker 2: China's own Byte Dance to sell TikTok or face a

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Speaker 2: ban it doesn't want to sell it. Behind all this

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Speaker 2: our fears that the platform could be used for espionage

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Speaker 2: or to spread propaganda, mister Trump said he would most

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Speaker 2: likely give TikTok a ninety day reprieve. He spoke to

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Speaker 2: the president of China's jujimping about it over the weekend.

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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 twentieth of January twenty twenty five. Remember

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

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Speaker 1: isn't long enough for you, you can find our longer daily

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Speaker 1: show called Fear and Greed wherever you listen to podcasts.

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Speaker 1: I'm Michael Thompson and that was the fast five business

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Speaker 1: news by Fear and Greed. Have a great day.