1 00:00:03,840 --> 00:00:06,840 Speaker 1: It's Wednesday, the eighth of October twenty twenty five. Welcome 2 00:00:06,880 --> 00:00:08,760 Speaker 1: to the Fast five by Fear and Greed, where we 3 00:00:08,800 --> 00:00:10,920 Speaker 1: give you the top five business stories you need to 4 00:00:10,960 --> 00:00:14,360 Speaker 1: know in just five minutes. I'm Adam Lang and good morning, 5 00:00:14,400 --> 00:00:15,000 Speaker 1: Sean Almer. 6 00:00:15,200 --> 00:00:16,200 Speaker 2: Good morning, Adam. 7 00:00:16,520 --> 00:00:19,680 Speaker 1: Sean's story number one. Federal Parliament is back in session 8 00:00:19,720 --> 00:00:23,000 Speaker 1: and day one was dominated by the second anniversary of 9 00:00:23,040 --> 00:00:26,479 Speaker 1: the Hamas terror attack into Israel and the Triple zero 10 00:00:26,560 --> 00:00:29,520 Speaker 1: system outages over the past month. There was also debate 11 00:00:29,600 --> 00:00:33,200 Speaker 1: over the environment, defense pacts and electric vehicles. 12 00:00:33,200 --> 00:00:35,400 Speaker 2: Plenty going on busy start to the spring session, with 13 00:00:35,440 --> 00:00:38,160 Speaker 2: Prime Minister Anthony Alberanezi back in town ahead of heading 14 00:00:38,200 --> 00:00:40,800 Speaker 2: to New York next weekend, where he'll meet with US 15 00:00:40,840 --> 00:00:43,920 Speaker 2: President Donald Trump. The PAM started question time by condemning 16 00:00:43,960 --> 00:00:46,240 Speaker 2: Hamas and paying tribute to the victims of the terrorist 17 00:00:46,240 --> 00:00:49,760 Speaker 2: group's attack on Israel two years ago. Yesterday, he said, 18 00:00:49,760 --> 00:00:52,199 Speaker 2: a mass stands in opposition toward humanity in all that 19 00:00:52,240 --> 00:00:55,160 Speaker 2: we value as human beings. Opposition leader Susan Lee said 20 00:00:55,200 --> 00:00:58,760 Speaker 2: Australia has fallen short of its responsibilities to confront anti 21 00:00:58,760 --> 00:01:03,880 Speaker 2: Semitism support Israel following the attacks. Environmental Minister Murray Watts 22 00:01:03,920 --> 00:01:06,839 Speaker 2: are the government still aiming to introduce new environmental laws 23 00:01:07,000 --> 00:01:09,559 Speaker 2: reforms for the end of this year. Defense Minister Richard 24 00:01:09,560 --> 00:01:12,320 Speaker 2: Miles said Australia is still confident of signing Security Packed 25 00:01:12,360 --> 00:01:15,240 Speaker 2: with Vaniwata, despite delays to the deal seen as a 26 00:01:15,280 --> 00:01:20,240 Speaker 2: result of China's influence in the Pacific and not deterring 27 00:01:20,319 --> 00:01:24,040 Speaker 2: EV take up. So that's like encouraging EV take up 28 00:01:24,120 --> 00:01:26,200 Speaker 2: or at least not deterring It was added to a 29 00:01:26,240 --> 00:01:29,399 Speaker 2: list of principles guiding the development of an EV road 30 00:01:29,600 --> 00:01:34,120 Speaker 2: user charges a RAID user charge. According to Secretary of 31 00:01:34,200 --> 00:01:36,399 Speaker 2: the Department for Transport Jim Betts. 32 00:01:36,319 --> 00:01:39,920 Speaker 1: Sean moving closer to the Triple zero outage. Communications Minister 33 00:01:39,959 --> 00:01:42,920 Speaker 1: Anica Wells introduced legislation in the Lower House to give 34 00:01:42,959 --> 00:01:46,160 Speaker 1: the government greater oversight of the Triple zero system. But 35 00:01:46,360 --> 00:01:48,080 Speaker 1: she had a hard time of it yesterday. 36 00:01:48,640 --> 00:01:50,360 Speaker 2: Sure did more of that in a moment. New laws 37 00:01:50,360 --> 00:01:53,320 Speaker 2: will empower the Triple zero custodian to request information from 38 00:01:53,360 --> 00:01:56,600 Speaker 2: telco's and to demand improvements to the system. Well so 39 00:01:56,720 --> 00:01:58,760 Speaker 2: the laws would come into effect at the start of 40 00:01:58,840 --> 00:02:03,000 Speaker 2: next month. And ow Wells herself she was under fire 41 00:02:03,000 --> 00:02:05,440 Speaker 2: and question time, Opposition leader Susan Lee used the first 42 00:02:05,480 --> 00:02:07,840 Speaker 2: question of the afternoon to Savage Wells over her description 43 00:02:07,960 --> 00:02:10,519 Speaker 2: last week as a new minister, demand us to know 44 00:02:10,520 --> 00:02:12,200 Speaker 2: if Wells has spoken to the families of those who 45 00:02:12,240 --> 00:02:15,480 Speaker 2: died during the outage. Every single question from the Coalition 46 00:02:15,520 --> 00:02:17,840 Speaker 2: and one from the cross Bench in question time was 47 00:02:17,880 --> 00:02:20,480 Speaker 2: directed at Wells. Definitely under pressure at the moment. 48 00:02:20,639 --> 00:02:24,080 Speaker 1: Story number two in global markets, gold and bitcoin have 49 00:02:24,200 --> 00:02:28,680 Speaker 1: become unlikely allies, both trading around record levels as investors 50 00:02:28,680 --> 00:02:30,160 Speaker 1: retreat from hard currencies. 51 00:02:30,480 --> 00:02:33,519 Speaker 2: Pretty extraordinary adam gold is considered a safe haven asset. 52 00:02:33,560 --> 00:02:38,320 Speaker 2: Fair enough Bitcoin really. The year is under renewed pressure 53 00:02:38,320 --> 00:02:40,920 Speaker 2: after the new French prime minister resigned after just twenty 54 00:02:40,919 --> 00:02:43,640 Speaker 2: four hours of the job, providing a political crisis for 55 00:02:43,680 --> 00:02:46,520 Speaker 2: that country that region. The end tumble this week after 56 00:02:46,520 --> 00:02:50,160 Speaker 2: pre stimulus Senae Takeichi was set to become the country's 57 00:02:50,160 --> 00:02:52,799 Speaker 2: new prime minister. The US dollar remains under pressure as 58 00:02:52,919 --> 00:02:56,040 Speaker 2: US government shut down drags. On top of this, all 59 00:02:56,080 --> 00:02:58,919 Speaker 2: of that, US, Japan, Europe, plenty of debt there, putting 60 00:02:58,919 --> 00:03:02,880 Speaker 2: pressure on currencies, so people are turning to something else. 61 00:03:03,120 --> 00:03:06,480 Speaker 2: Imagine that bitcoin is a safe haven, accid, credible. 62 00:03:06,120 --> 00:03:10,200 Speaker 1: It's a brave new world shown. Story number three. Consumer 63 00:03:10,320 --> 00:03:12,840 Speaker 1: sentiment has tumbled for a second month in a row 64 00:03:12,919 --> 00:03:14,680 Speaker 1: and is now back to the level it was when 65 00:03:14,720 --> 00:03:18,040 Speaker 1: the RBA started cutting interest rates earlier this year. 66 00:03:18,160 --> 00:03:21,000 Speaker 2: And that's bad news given there have already been three 67 00:03:21,080 --> 00:03:23,560 Speaker 2: rate cuts, yet consumers are still not happy. While consumer 68 00:03:23,600 --> 00:03:26,600 Speaker 2: sentiment is solidly better than throughout twenty twenty twenty three, 69 00:03:26,760 --> 00:03:29,920 Speaker 2: twenty four remained stuck in a negative trend. More pessimists 70 00:03:29,960 --> 00:03:34,600 Speaker 2: than optimists. Possible coulproate fears about inflation. Maybe that's it. Meanwhile, 71 00:03:34,680 --> 00:03:37,960 Speaker 2: September job advertisements in Australia fell more than three percent 72 00:03:38,080 --> 00:03:41,480 Speaker 2: as measured by the anz Indeed Index. Basically, the labor 73 00:03:41,560 --> 00:03:43,760 Speaker 2: market is definitely starting to ease at the moment. 74 00:03:44,080 --> 00:03:48,040 Speaker 1: Story number four. Australia is the world's biggest goat meat exporter, 75 00:03:48,320 --> 00:03:50,880 Speaker 1: selling more than three hundred and fifty million dollars worth 76 00:03:50,880 --> 00:03:54,080 Speaker 1: each year, but it's one of the smallest producers of 77 00:03:54,120 --> 00:03:56,600 Speaker 1: the food, and that is because Australians are among the 78 00:03:56,680 --> 00:03:59,040 Speaker 1: least lightly in the world to eat goat. 79 00:03:59,120 --> 00:04:01,520 Speaker 2: Australia producer it's about forty four percent of the world's 80 00:04:01,560 --> 00:04:04,960 Speaker 2: goat meat exports, according to meat and last like Australia 81 00:04:05,040 --> 00:04:07,160 Speaker 2: and last year there were nearly three point five million 82 00:04:07,200 --> 00:04:10,320 Speaker 2: goats slaughtered. According to the ABS, the local producers are 83 00:04:10,360 --> 00:04:13,440 Speaker 2: now focusing on getting people to eat it at home, 84 00:04:13,520 --> 00:04:19,800 Speaker 2: you know, beyond curries. Basically things like goats, salami, goat steak, pies, 85 00:04:20,040 --> 00:04:23,400 Speaker 2: sausages all According to the ABC, goats high in protein, 86 00:04:23,560 --> 00:04:26,400 Speaker 2: high in iron, and in many countries is considered alongside 87 00:04:26,520 --> 00:04:29,600 Speaker 2: lamb in terms of meat. Globally, pork is the most 88 00:04:29,600 --> 00:04:32,720 Speaker 2: consumed meat. Meat, according to the United Nations Food and 89 00:04:32,760 --> 00:04:35,479 Speaker 2: Agricultural Organization, makes up about thirty six percent of the 90 00:04:35,480 --> 00:04:40,039 Speaker 2: world's meat intake. Chicken next, then beef and then goat. 91 00:04:40,520 --> 00:04:44,600 Speaker 1: Story number five. The Nobel Prize in Physiology or Medicine 92 00:04:44,600 --> 00:04:47,400 Speaker 1: this year has been awarded for discoveries that explain how 93 00:04:47,440 --> 00:04:51,760 Speaker 1: the immune system attacks hostile infections, but not the body's 94 00:04:51,839 --> 00:04:52,560 Speaker 1: own cells. 95 00:04:52,960 --> 00:04:56,720 Speaker 2: The prize is shared by Japan's Chiman Sakagucci and US 96 00:04:56,839 --> 00:05:00,400 Speaker 2: research is Mary Brunkau and Fred Ramsdell. That is covered, 97 00:05:00,480 --> 00:05:03,040 Speaker 2: but they're calling security guards that eliminate past the immune 98 00:05:03,080 --> 00:05:06,560 Speaker 2: system that could attack the body. The trio's research is 99 00:05:06,600 --> 00:05:09,200 Speaker 2: critical to understanding how the immune system works, how it 100 00:05:09,200 --> 00:05:11,600 Speaker 2: protects us from thousands of different infections that have tried 101 00:05:11,640 --> 00:05:14,640 Speaker 2: to invade the body, but at the same time leaves 102 00:05:14,720 --> 00:05:17,440 Speaker 2: our own tissues unscathed. This is according to report on 103 00:05:17,520 --> 00:05:20,760 Speaker 2: BBC Now. Six Label Prizes are awarded every year in 104 00:05:20,800 --> 00:05:26,480 Speaker 2: physiology or medicine, physics, chemistry, economic science, literature and peace work. 105 00:05:27,000 --> 00:05:29,400 Speaker 2: Of course, the peace work one gets a lot of 106 00:05:29,440 --> 00:05:31,480 Speaker 2: the attention. There are three hundred and thirty eight candidates 107 00:05:31,520 --> 00:05:33,760 Speaker 2: for the nobe Or Peace Prize, two forty four individuals 108 00:05:33,839 --> 00:05:36,960 Speaker 2: ninety four organizations. Donald Trump has been nominated by a 109 00:05:36,960 --> 00:05:39,880 Speaker 2: handful of global leaders, including Benjamin Nett and Yahoo for 110 00:05:39,920 --> 00:05:42,480 Speaker 2: the Peace Prize, which that one will be announced on 111 00:05:42,520 --> 00:05:43,800 Speaker 2: Friday night Australian Time. 112 00:05:44,240 --> 00:05:46,360 Speaker 1: That's it, the top five business stories you need to 113 00:05:46,440 --> 00:05:49,160 Speaker 1: know in just five minutes. Thank you Sean, Thank you Adam. 114 00:05:49,279 --> 00:05:52,479 Speaker 1: It's Wednesday, the eighth of September twenty twenty five. Remember 115 00:05:52,560 --> 00:05:55,000 Speaker 1: to hit follow on the podcast and if five minutes 116 00:05:55,080 --> 00:05:58,159 Speaker 1: is not enough and find our longer podcast called Fear 117 00:05:58,200 --> 00:06:01,400 Speaker 1: and Greed on your favorite podcast platform. I'm Adam Lang 118 00:06:01,440 --> 00:06:03,839 Speaker 1: and that was the past fire by Fieringrie. Have a 119 00:06:03,839 --> 00:06:06,840 Speaker 1: great day.