1 00:00:03,800 --> 00:00:06,880 Speaker 1: It's Monday, the eighteenth of August twenty twenty five. Welcome 2 00:00:06,880 --> 00:00:09,320 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,320 --> 00:00:11,079 Speaker 1: where we give you the top five business stories you 4 00:00:11,160 --> 00:00:13,560 Speaker 1: need to know in just five minutes. Are Michael Thompson 5 00:00:13,600 --> 00:00:14,920 Speaker 1: and Good Morning Natalie. 6 00:00:14,680 --> 00:00:16,240 Speaker 2: McDonald's Good Morning Michael. 7 00:00:16,600 --> 00:00:20,200 Speaker 1: Five stories in five minutes. Let's get cracking story number one. 8 00:00:20,360 --> 00:00:23,360 Speaker 1: Prime Minister Anthony Albanezi is heading into a huge week 9 00:00:23,360 --> 00:00:26,720 Speaker 1: for the government on a high. Really. Tomorrow, the much 10 00:00:26,720 --> 00:00:30,040 Speaker 1: anticipated round Table and Economic reform kicks off in Canberra, 11 00:00:30,440 --> 00:00:33,640 Speaker 1: just as two new polls show the PM's support climbing 12 00:00:33,640 --> 00:00:35,280 Speaker 1: to its highest level in two years. 13 00:00:35,840 --> 00:00:38,880 Speaker 2: The latest result of Political monitor in the nine newspapers 14 00:00:38,920 --> 00:00:42,239 Speaker 2: shows Labour's primary vote at thirty seven percent, up two 15 00:00:42,280 --> 00:00:44,879 Speaker 2: and a half points from the May election, while the 16 00:00:44,920 --> 00:00:48,400 Speaker 2: Coalition remains steady at twenty nine percent. On a two 17 00:00:48,400 --> 00:00:52,320 Speaker 2: party preferred basis, Labour leads fifty nine forty one, its 18 00:00:52,400 --> 00:00:56,120 Speaker 2: strongest result since April twenty three. The result is actually 19 00:00:56,120 --> 00:00:59,080 Speaker 2: strong enough that if an election were to be held today, 20 00:00:59,400 --> 00:01:04,280 Speaker 2: Labor would actually increase its majority. Albanese's net approval rating 21 00:01:04,400 --> 00:01:07,400 Speaker 2: has returned to positive territory for the first time since 22 00:01:07,400 --> 00:01:11,560 Speaker 2: September twenty three, with forty nine percent satisfied with his performance. 23 00:01:12,000 --> 00:01:14,399 Speaker 2: The last time he was around these levels was just 24 00:01:14,560 --> 00:01:18,120 Speaker 2: prior to the Voice referendum. His popularity took a hit 25 00:01:18,240 --> 00:01:22,000 Speaker 2: after that, but it seems he's now recovered. Opposition leader 26 00:01:22,040 --> 00:01:26,200 Speaker 2: Susan Lee remains more likable than other coalition figures. In fact, 27 00:01:26,280 --> 00:01:29,280 Speaker 2: the poll found that she's the most likable MP on 28 00:01:29,440 --> 00:01:32,480 Speaker 2: either side, but her net rating is minus nine, with 29 00:01:32,600 --> 00:01:36,680 Speaker 2: thirty five percent satisfied and forty four percent dissatisfied. So 30 00:01:37,000 --> 00:01:39,320 Speaker 2: still a very big job to do that. Yeah. 31 00:01:39,360 --> 00:01:42,440 Speaker 1: Indeed, the findings about the Prime Minister echoed in the 32 00:01:42,440 --> 00:01:46,280 Speaker 1: news poll results in The Australian today. The primary vote 33 00:01:46,319 --> 00:01:48,680 Speaker 1: isn't quite as high, but the PM's approval rating has 34 00:01:48,800 --> 00:01:51,880 Speaker 1: rebounded and is it does matter because it's heading into 35 00:01:51,920 --> 00:01:54,360 Speaker 1: a huge week for the government, with Prime Minister Anthony 36 00:01:54,400 --> 00:01:58,200 Speaker 1: Albanese reaffirming Labour's commitment to lower taxes ahead of the 37 00:01:58,240 --> 00:02:02,200 Speaker 1: three day Economic reform round TAYOS that kicks off tomorrow Natalie. 38 00:02:02,320 --> 00:02:05,480 Speaker 2: Speaking in Berth yesterday, the PM said tax reform could 39 00:02:05,640 --> 00:02:09,320 Speaker 2: be discussed and pointed to his government's push to deliver taxes, 40 00:02:09,639 --> 00:02:12,160 Speaker 2: saying we put that to the election and the Australian 41 00:02:12,200 --> 00:02:15,480 Speaker 2: people voted for the lower taxes and lower deficits that 42 00:02:15,520 --> 00:02:19,520 Speaker 2: we were offering compared with the Coalition. Anthony Albinizi also 43 00:02:19,560 --> 00:02:22,360 Speaker 2: saying that while the Roundtable would deal with the economic 44 00:02:22,440 --> 00:02:25,960 Speaker 2: challenges of boosting productivity, saying we need to make sure 45 00:02:26,320 --> 00:02:28,960 Speaker 2: that it operates in the interests of the people as well, 46 00:02:29,080 --> 00:02:32,400 Speaker 2: including how to train Australians for the jobs of the future. 47 00:02:32,919 --> 00:02:35,320 Speaker 2: He's going to have a lot to deal with over 48 00:02:35,360 --> 00:02:38,360 Speaker 2: the next few days. One of Australia's biggest unions, the 49 00:02:38,400 --> 00:02:42,880 Speaker 2: Shop Distributive and Allies Employees Association, is pushing for a 50 00:02:42,960 --> 00:02:47,560 Speaker 2: mandatory productivity dividend to ensure workers share in efficiency gains. 51 00:02:47,760 --> 00:02:51,359 Speaker 2: They want higher pay, extra leave or shorter hours. It's 52 00:02:51,639 --> 00:02:53,000 Speaker 2: quite the shopping. 53 00:02:52,639 --> 00:02:54,480 Speaker 1: List it is in dat. It's going to be a 54 00:02:54,600 --> 00:02:58,200 Speaker 1: very exciting week under story number two now Natalie. Auction 55 00:02:58,360 --> 00:03:02,040 Speaker 1: clearance rights have surged following the Reserve Bank's latest interest 56 00:03:02,080 --> 00:03:05,400 Speaker 1: rate cut, hitting their highest level since April last year. 57 00:03:05,880 --> 00:03:10,240 Speaker 2: Across Australia's capital cities. The combined preliminary auction clearance rate 58 00:03:10,360 --> 00:03:13,880 Speaker 2: climbed to seventy five percent from seventy one point seven percent. 59 00:03:14,000 --> 00:03:17,080 Speaker 2: A week earlier. Melbourne logged a clearance rate of seventy 60 00:03:17,080 --> 00:03:19,440 Speaker 2: five point five percent, while Sydney came in its seventy 61 00:03:19,480 --> 00:03:22,720 Speaker 2: five percent flat. Brisbane's clearance rate rose two point five 62 00:03:22,760 --> 00:03:25,840 Speaker 2: percentage points from last week to sixty nine point six percent. 63 00:03:26,200 --> 00:03:29,880 Speaker 2: Adelaide had its third highest clearance rate of the year 64 00:03:30,000 --> 00:03:33,160 Speaker 2: at seventy eight percent, with the Act coming in hot 65 00:03:33,240 --> 00:03:37,200 Speaker 2: with its clearance rate hitting eighty point six percent. Economists 66 00:03:37,240 --> 00:03:40,800 Speaker 2: say the cut, which lifted average borrowing capacity by up 67 00:03:40,880 --> 00:03:44,120 Speaker 2: to twenty four thousand dollars for dual income households, has 68 00:03:44,160 --> 00:03:48,400 Speaker 2: sparked renewed by a confidence especially amongst first home buyers. 69 00:03:48,800 --> 00:03:52,320 Speaker 1: Ondit Storry number three Quantus faces are reckoning today and 70 00:03:52,360 --> 00:03:56,320 Speaker 1: potentially the biggest penalty in Australian industrial relations history. With 71 00:03:56,400 --> 00:03:59,160 Speaker 1: the Federal Court set to hand down a record fine 72 00:03:59,200 --> 00:04:03,120 Speaker 1: for illegally set wacking eighteen hundred workers during the pandemic. 73 00:04:03,200 --> 00:04:06,720 Speaker 2: Justice Michael Lee is expected to impose the biggest fine 74 00:04:06,880 --> 00:04:10,360 Speaker 2: in history for breaches of industrial relations laws, potentially up 75 00:04:10,400 --> 00:04:13,160 Speaker 2: to one hundred and twenty one million dollars, even a 76 00:04:13,200 --> 00:04:16,799 Speaker 2: reduced figure of forty million dollars would dwarf the usual 77 00:04:16,880 --> 00:04:19,800 Speaker 2: one to five million dollar finds that you typically see 78 00:04:19,839 --> 00:04:23,000 Speaker 2: with these cases. The ruling comes on top of one 79 00:04:23,120 --> 00:04:27,240 Speaker 2: hundred and twenty million dollars in compensation already awarded to 80 00:04:27,279 --> 00:04:31,240 Speaker 2: sacked groundworkers five years on from being told some by 81 00:04:31,600 --> 00:04:34,120 Speaker 2: video link in the break room that they were being 82 00:04:34,200 --> 00:04:38,960 Speaker 2: outsourced by the national carrier. There are some questions, though, 83 00:04:39,040 --> 00:04:42,760 Speaker 2: about who gets the money. The Transport Workers Union, which 84 00:04:42,880 --> 00:04:45,880 Speaker 2: four quantas through multiple appeals all the way to the 85 00:04:45,960 --> 00:04:49,799 Speaker 2: High Court, argues the full penalty should be paid directly 86 00:04:49,880 --> 00:04:53,359 Speaker 2: to the union as de terence, though business groups warn 87 00:04:53,440 --> 00:04:56,800 Speaker 2: that could embolden unions to pursue more costly litigation. 88 00:04:57,520 --> 00:05:01,040 Speaker 1: Story number four very serious one here. Anian President Vladimir 89 00:05:01,120 --> 00:05:04,800 Speaker 1: Zelenski will meet US President Donald Trump in Washington today, 90 00:05:05,200 --> 00:05:08,640 Speaker 1: just days after the US leader's talks with Russia's leader 91 00:05:08,720 --> 00:05:12,080 Speaker 1: Vladimir Putin in Alaska ended without a concrete deal. 92 00:05:12,720 --> 00:05:16,080 Speaker 2: At the summit, Putin demanded Ukraine withdraw from Donetsk and 93 00:05:16,160 --> 00:05:19,760 Speaker 2: Luhanska's a condition for ending the war, but offered Trump 94 00:05:19,839 --> 00:05:24,080 Speaker 2: a freeze along the remaining frontline. The Guardian reports Zelensky 95 00:05:24,160 --> 00:05:28,240 Speaker 2: reportedly rejecting at the demand. This meeting will be Zelensky's 96 00:05:28,279 --> 00:05:31,240 Speaker 2: first visit to the US since being publicly berated by 97 00:05:31,279 --> 00:05:34,960 Speaker 2: Donald Trump, who called him disrespectful during a meeting in February. 98 00:05:35,520 --> 00:05:38,600 Speaker 1: What's emerged has been a major shifting position from Trump. 99 00:05:39,240 --> 00:05:39,600 Speaker 1: It has. 100 00:05:39,680 --> 00:05:42,920 Speaker 2: Michael Trump wrote on his platform Truth Social following Friday's 101 00:05:42,920 --> 00:05:46,240 Speaker 2: summit that a peace agreement would be the best way 102 00:05:46,279 --> 00:05:50,039 Speaker 2: to end the horrific war, rather than a ceasefire, which 103 00:05:50,080 --> 00:05:53,080 Speaker 2: the president claimed often do not hold up. In an 104 00:05:53,080 --> 00:05:55,960 Speaker 2: interview with Fox News following the summit, Trump was asked 105 00:05:56,000 --> 00:05:58,640 Speaker 2: what advice he had for the Ukrainian leader, to which 106 00:05:58,680 --> 00:06:02,120 Speaker 2: he replied, make a deal, adding Russia's a very big 107 00:06:02,160 --> 00:06:04,159 Speaker 2: power and they're not okay. 108 00:06:04,240 --> 00:06:06,719 Speaker 1: Last one story number five, just a quick one. Paris 109 00:06:06,760 --> 00:06:11,040 Speaker 1: has seen a surge in multi euro luxury handbag heists, 110 00:06:11,120 --> 00:06:14,760 Speaker 1: with police saying handbags have actually overtaken jewelry as the 111 00:06:14,800 --> 00:06:16,520 Speaker 1: prize for organized gains. 112 00:06:16,960 --> 00:06:20,760 Speaker 2: Criminals are targeting brands like ermez Chanelle, Dior and Louis Vuitton. 113 00:06:21,120 --> 00:06:24,040 Speaker 2: Lou Vaton's Paris offices and boutiques have actually been ram 114 00:06:24,120 --> 00:06:28,120 Speaker 2: rated multiple times, with losses topping one million euros each. 115 00:06:28,560 --> 00:06:32,320 Speaker 2: Why handbags, you asked, Well, unlike jewelry. Luxury bags are 116 00:06:32,360 --> 00:06:35,560 Speaker 2: actually harder to trace. They're easier to resell thanks to 117 00:06:35,600 --> 00:06:39,240 Speaker 2: booming global demand and the secondhand market in countries like Beijing, 118 00:06:39,400 --> 00:06:42,880 Speaker 2: Dubai London. Experts say a Chanel bag that costs five 119 00:06:42,920 --> 00:06:45,960 Speaker 2: thousand euros five years ago can now sell for ten 120 00:06:46,040 --> 00:06:50,800 Speaker 2: thousand euros, making them pretty irresissible to thieves. But don't 121 00:06:50,839 --> 00:06:54,600 Speaker 2: panic if you are jetting off to Europe. Crime overall 122 00:06:54,760 --> 00:06:57,320 Speaker 2: in Paris has in fact shown a market drop in 123 00:06:57,360 --> 00:06:58,680 Speaker 2: the first half of this year. 124 00:06:58,760 --> 00:07:00,359 Speaker 1: All right, there we go to the top five business 125 00:07:00,360 --> 00:07:03,200 Speaker 1: stories in five minutes. Thank you Natalie, Thank you Michael. 126 00:07:03,560 --> 00:07:06,160 Speaker 1: It is Monday, the eighteenth of August twenty twenty five. 127 00:07:06,200 --> 00:07:08,440 Speaker 1: Remember to hit follow on the podcast, and if five 128 00:07:08,440 --> 00:07:10,720 Speaker 1: minutes isn't enough, you're gonna find our longer daily show 129 00:07:10,760 --> 00:07:13,560 Speaker 1: called Fear and Greed wherever you listen to podcasts. I'm 130 00:07:13,600 --> 00:07:15,880 Speaker 1: Michael Thompson and that was the fast five business news 131 00:07:15,880 --> 00:07:17,640 Speaker 1: by Fear and Greed. Have a great day.