1 00:00:03,880 --> 00:00:06,800 Speaker 1: It's Friday, the second of May twenty twenty five. Welcome 2 00:00:06,800 --> 00:00:09,119 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,160 --> 00:00:10,960 Speaker 1: where we give you the top five business stories you 4 00:00:11,000 --> 00:00:13,320 Speaker 1: need to know. When it's five minutes, I'm Michael Thompson 5 00:00:13,360 --> 00:00:14,280 Speaker 1: and good morning. 6 00:00:14,000 --> 00:00:16,120 Speaker 2: Sean Alem, Good morning, Michael Sewan. 7 00:00:16,200 --> 00:00:18,120 Speaker 1: Five big stories to get through in five minutes. Let's 8 00:00:18,160 --> 00:00:20,920 Speaker 1: go with story number one. Twenty four hours away from 9 00:00:20,960 --> 00:00:24,400 Speaker 1: election day and both Prime Minister Anthony Alberanzi and Opposition 10 00:00:24,480 --> 00:00:28,520 Speaker 1: leader Peter Dutton appear confident of winning tomorrow's poll, although 11 00:00:28,560 --> 00:00:31,960 Speaker 1: experts say an alban easy winners most likely. The trickier 12 00:00:32,040 --> 00:00:36,120 Speaker 1: question here, though, is whether Labor will be returned as 13 00:00:36,159 --> 00:00:38,800 Speaker 1: a majority or a minority government. 14 00:00:38,920 --> 00:00:41,080 Speaker 2: That's right, the momentum is with the ALP, and the 15 00:00:41,120 --> 00:00:43,440 Speaker 2: final you gov poll ahead of the election was very 16 00:00:43,440 --> 00:00:45,879 Speaker 2: bad news for the coalition if it's to be believed 17 00:00:46,240 --> 00:00:49,360 Speaker 2: in modeling, you gov says the ALP will increase the 18 00:00:49,479 --> 00:00:51,960 Speaker 2: number of seats it has in the House of Representatives 19 00:00:52,000 --> 00:00:54,959 Speaker 2: and the Coalition will lose seats. That would certainly mean 20 00:00:55,000 --> 00:00:57,840 Speaker 2: a majority government. The House of Reps has one hundred 21 00:00:57,840 --> 00:00:59,920 Speaker 2: and fifty seats. The winning party needs a Simple Major 22 00:01:00,000 --> 00:01:03,160 Speaker 2: already in the parliament just dissolved. The ALP had seventy 23 00:01:03,160 --> 00:01:06,479 Speaker 2: seven members, coalition fifty three members. The modeling and other 24 00:01:06,480 --> 00:01:10,279 Speaker 2: polling suggested the independent candidates, which there are thirteen, plus 25 00:01:10,280 --> 00:01:12,759 Speaker 2: some Greens, plus members of the Center Alliance and Bob 26 00:01:12,800 --> 00:01:16,039 Speaker 2: Cutter's Australian Party, the suggestion is that those guys will 27 00:01:16,040 --> 00:01:17,080 Speaker 2: actually do pretty well. 28 00:01:17,920 --> 00:01:20,120 Speaker 1: There were plenty of last minute electorate visits, as you 29 00:01:20,120 --> 00:01:22,400 Speaker 1: would expect. There was a lot of name calling and 30 00:01:22,480 --> 00:01:27,280 Speaker 1: some surprise endorsements. None more surprising than Joe Exotic, star 31 00:01:27,360 --> 00:01:31,080 Speaker 1: of Netflix show Tiger King, who came out in support 32 00:01:31,200 --> 00:01:32,280 Speaker 1: of Anthony Oveneasy. 33 00:01:32,440 --> 00:01:35,600 Speaker 2: Yes, none more surprising than that there was a report 34 00:01:35,600 --> 00:01:39,880 Speaker 2: from an environmental advacy advocacy group that said US President 35 00:01:39,880 --> 00:01:43,080 Speaker 2: Donald Trump's top campaign advisors gave advice to the Liberal 36 00:01:43,160 --> 00:01:45,400 Speaker 2: Party in the early days of the campaign. Peter Dunton 37 00:01:45,440 --> 00:01:48,960 Speaker 2: denied that the coalition also released policy costings that claimed 38 00:01:49,000 --> 00:01:51,200 Speaker 2: to reduce the budget deficit by more than ten billion 39 00:01:51,240 --> 00:01:53,120 Speaker 2: dollars over the next four years. I think it was 40 00:01:53,120 --> 00:01:55,480 Speaker 2: about fourteen billion dollars. In fact, into lower debt by 41 00:01:55,520 --> 00:01:58,720 Speaker 2: forty billion dollars. The PM says he hasn't received any 42 00:01:58,720 --> 00:02:01,040 Speaker 2: text from Clive Palmer and has promised to look into 43 00:02:01,080 --> 00:02:03,120 Speaker 2: it if he's re elected. Don't know about yeah, but 44 00:02:03,160 --> 00:02:05,400 Speaker 2: one of the most frustrating things about this campaign has 45 00:02:05,440 --> 00:02:07,800 Speaker 2: been all the text I've gotten from the trumpet of 46 00:02:07,800 --> 00:02:12,000 Speaker 2: Patriots Party and of the day Anthony Alberanizi. He said, 47 00:02:12,000 --> 00:02:13,960 Speaker 2: the campaign and the Liberal parties become more and more 48 00:02:14,040 --> 00:02:16,760 Speaker 2: right wing under Peter Dunn. That's just the truth of it. 49 00:02:16,919 --> 00:02:19,600 Speaker 2: Peter Dutton said, this election really is a referendum, not 50 00:02:19,639 --> 00:02:22,280 Speaker 2: about the election campaign, but about the last three years 51 00:02:22,280 --> 00:02:24,080 Speaker 2: of government. Are you better off today than you were 52 00:02:24,160 --> 00:02:25,320 Speaker 2: three years ago? All right? 53 00:02:25,400 --> 00:02:27,720 Speaker 1: Moving away from politics now on to story number two. 54 00:02:28,040 --> 00:02:31,600 Speaker 1: Woolworth's released it's March quarter revenue figures yesterday and while 55 00:02:31,680 --> 00:02:34,600 Speaker 1: sales were up in the supermarket division, the big w 56 00:02:34,800 --> 00:02:36,240 Speaker 1: department stores are struggling. 57 00:02:36,280 --> 00:02:39,119 Speaker 2: Sales growth across the group came in at three point 58 00:02:39,160 --> 00:02:43,760 Speaker 2: two percent, ahead of market expectations. Took revenue to thirteen 59 00:02:43,760 --> 00:02:48,480 Speaker 2: point one billion dollars. By comparison, coles of sales growth, 60 00:02:48,520 --> 00:02:50,720 Speaker 2: which we've got the day before three point four percent 61 00:02:50,800 --> 00:02:53,639 Speaker 2: slightly higher. Their revenue was much lower at ten point 62 00:02:53,639 --> 00:02:57,880 Speaker 2: four billion dollars. The minecraft collectibles promotion You're a fan 63 00:02:57,919 --> 00:03:01,919 Speaker 2: of that one helped Woolly's sales. According to CEO Amanda Bardwell, 64 00:03:02,080 --> 00:03:05,320 Speaker 2: there was also solid online sales growth. Like Cole's, Woolli's 65 00:03:05,360 --> 00:03:09,200 Speaker 2: home brands are outperforming as budget conscious shoppers look for deals. 66 00:03:09,200 --> 00:03:12,200 Speaker 2: The red flag for Woolies, however, is big w likely 67 00:03:12,240 --> 00:03:15,160 Speaker 2: to lose seventy million dollars in the first six months 68 00:03:15,240 --> 00:03:17,280 Speaker 2: of the year. Woollie's share price was up a bit 69 00:03:17,360 --> 00:03:18,360 Speaker 2: yesterday as a result. 70 00:03:18,680 --> 00:03:23,240 Speaker 1: Starting number three usy packaging magnet, Anthony Pratt has pledged 71 00:03:23,440 --> 00:03:26,799 Speaker 1: to invest five billion US dollars that's about seven point 72 00:03:26,840 --> 00:03:30,160 Speaker 1: eight billion Aussie dollars in American manufacturing ahead of his 73 00:03:30,240 --> 00:03:31,880 Speaker 1: meeting with Donald Trump at the White House. 74 00:03:31,919 --> 00:03:35,280 Speaker 2: Pratt says the investment will create five thousand manufacturing jobs 75 00:03:35,320 --> 00:03:38,520 Speaker 2: across the US, particularly in the Ross belt states of Ohio, Michigan, 76 00:03:38,520 --> 00:03:41,000 Speaker 2: and Pennsylvania. He made the pledge ahead of Trump's invest 77 00:03:41,000 --> 00:03:44,400 Speaker 2: in America's summit overnight. Pratt basically said, and I quote 78 00:03:44,440 --> 00:03:46,400 Speaker 2: to make America great again, we need to make in 79 00:03:46,880 --> 00:03:50,480 Speaker 2: America again. He's now a permanent US resident. He's based 80 00:03:50,560 --> 00:03:52,960 Speaker 2: himself in New York since last year. Also one of 81 00:03:52,960 --> 00:03:56,760 Speaker 2: Australia's richest people worked hard to impress Trump in January. 82 00:03:56,760 --> 00:03:58,000 Speaker 2: In fact, he paid for an ad in the New 83 00:03:58,080 --> 00:04:01,680 Speaker 2: York Times to congratulate Donald Trump. He hasn't always been 84 00:04:01,920 --> 00:04:06,480 Speaker 2: that's successful with winning Trump's favor, so there were claims 85 00:04:06,520 --> 00:04:09,000 Speaker 2: in twenty twenty three that Trump shared potentially Castle up 86 00:04:09,080 --> 00:04:13,280 Speaker 2: fired information with Pratt. When asked about it, the President 87 00:04:13,320 --> 00:04:15,920 Speaker 2: called Anthony Pratt a redheaded weirder. 88 00:04:17,040 --> 00:04:19,920 Speaker 1: It's unnecessary sorry. 89 00:04:20,000 --> 00:04:20,479 Speaker 2: Number four. 90 00:04:20,520 --> 00:04:23,520 Speaker 1: The US and Ukraine have reached a deal over access 91 00:04:23,560 --> 00:04:27,160 Speaker 1: to Ukraine's natural resources, a move that keV sought to 92 00:04:27,240 --> 00:04:31,679 Speaker 1: solidify President Donald Trump's backing in ceasefire talks with Russia. 93 00:04:31,720 --> 00:04:34,719 Speaker 2: The deal grant the US privileged access to new investment 94 00:04:34,800 --> 00:04:38,440 Speaker 2: projects to develop natural resources, including aluminium, graphite, oil, and 95 00:04:38,520 --> 00:04:42,840 Speaker 2: natural gas. It's considered critical to fostering Trump's goodwill as 96 00:04:42,880 --> 00:04:46,479 Speaker 2: his administration pushes to end the war that began when 97 00:04:46,520 --> 00:04:49,440 Speaker 2: Russia at mounted ay full scale invasion more than three 98 00:04:49,520 --> 00:04:51,360 Speaker 2: years ago. Under the terms of the deal, the US 99 00:04:51,440 --> 00:04:54,880 Speaker 2: gets first claim on profits transferred by a special reconstruction 100 00:04:54,920 --> 00:04:57,360 Speaker 2: investment fund that would be jointly managed by both nations. 101 00:04:57,640 --> 00:04:59,800 Speaker 1: Finally, sean story number five. This is good news for 102 00:04:59,839 --> 00:05:02,599 Speaker 1: you and good news for me. A new study shows 103 00:05:02,640 --> 00:05:05,200 Speaker 1: that just an hour of weight training a week, that's 104 00:05:05,279 --> 00:05:09,000 Speaker 1: three twenty minute sessions at home, can help people gain 105 00:05:09,080 --> 00:05:11,080 Speaker 1: significant muscle mass and strength. 106 00:05:11,240 --> 00:05:14,239 Speaker 2: I agree, good news for me and for you. To study, 107 00:05:14,279 --> 00:05:17,520 Speaker 2: our participants to do two thirty minute sessions of uncomplicated 108 00:05:17,560 --> 00:05:20,760 Speaker 2: resistance exercise each week, nine common upper and lower body 109 00:05:20,800 --> 00:05:23,200 Speaker 2: gym exercises. Had to do it eight to ten times 110 00:05:23,279 --> 00:05:26,080 Speaker 2: until muscles fatigued. The goal was to create a schedule 111 00:05:26,120 --> 00:05:29,240 Speaker 2: for busy people, because apparently most people don't do weights 112 00:05:29,279 --> 00:05:31,600 Speaker 2: because they're too busy. In fact, in America, according to 113 00:05:31,600 --> 00:05:35,240 Speaker 2: the Washington Post Washington Post, only one in five Americans 114 00:05:35,279 --> 00:05:38,440 Speaker 2: do weight training. The results after two months, even with 115 00:05:38,520 --> 00:05:43,080 Speaker 2: the abbreviated routine added mass and strength. Almost everyone's muscles 116 00:05:43,080 --> 00:05:46,720 Speaker 2: were larger, stronger, and more powerful than at the start. This, 117 00:05:46,800 --> 00:05:50,480 Speaker 2: of course, helps protect against things like diabetes, arthritis, and 118 00:05:50,560 --> 00:05:51,240 Speaker 2: old age. 119 00:05:51,880 --> 00:05:54,599 Speaker 1: Helps to get ready for the beach too. Shan, it does, Michael, 120 00:05:54,920 --> 00:05:56,760 Speaker 1: not that we really need that right now. Then we 121 00:05:56,800 --> 00:05:59,080 Speaker 1: go the top five business stories in five minutes. Thank you, 122 00:05:59,160 --> 00:06:01,559 Speaker 1: thank you. It is Friday, the second of May twenty 123 00:06:01,640 --> 00:06:04,559 Speaker 1: twenty five, remembered hit follow on the podcast and five minutes, 124 00:06:04,560 --> 00:06:06,000 Speaker 1: isn't it now? If you're going to find our longer 125 00:06:06,080 --> 00:06:09,239 Speaker 1: daily show called Fear and Greed wherever you listen to podcasts, 126 00:06:09,240 --> 00:06:10,800 Speaker 1: and head along to Fear and Greed dot com. Today 127 00:06:10,839 --> 00:06:13,000 Speaker 1: you and sign up for our free daily newsletter. I'm 128 00:06:13,040 --> 00:06:15,279 Speaker 1: Michael Thompson. And that was the fast five business news 129 00:06:15,279 --> 00:06:17,159 Speaker 1: by Fear and Greed. Have a great day.