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Speaker 1: It's Monday, the twenty first of October twenty twenty four.

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

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

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Speaker 1: need to know in just five minutes. A'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. The

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Speaker 1: US election will be held two weeks tomorrow, with no

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Speaker 1: one yet confidently calling a winner. Both Donald Trump and

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Speaker 1: Kamala Harris have been focusing on critical swing states and

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Speaker 1: we'll keep doing that right up to polling day.

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Speaker 2: Strip Aside all the noise, the politics, the fun of

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Speaker 2: it all, it's just too close to call nine critical

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Speaker 2: states in it. According to New York Times, Harris will

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Speaker 2: win minitator, Trump will win Texas. The other seven totally

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Speaker 2: up for grabs in terms of opinion polls. Harris is

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Speaker 2: just in front in Wisconsin, Michigan, Nevada, and Pennsylvania. Trump

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Speaker 2: in Arizona, North Carolina and Georgia. What are the big issues?

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Speaker 2: The economy is the big one. Trump said he'll lower

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Speaker 2: interest rates and inflation. Harris is very much focused on

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Speaker 2: food and housing costs. She wants to ban price gouging

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Speaker 2: by the supermarkets. We know that we're very familiar to

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Speaker 2: us here in Australia, abortion and immigration to other really

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Speaker 2: big ones. Abortion where Harris really has the lead in

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Speaker 2: terms of the public opinion, Immigration where Trump does. Taxes, trade,

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Speaker 2: foreign policy. They're all part of it. But at this

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Speaker 2: point it's much too close to call.

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Speaker 1: Sean the win will come based on impressions and Donald Trump,

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Speaker 1: this is really quite extraordinary, has said he'll tell Rupert

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Speaker 1: Murdock to stop allowing negative ads about him running on

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Speaker 1: Fox channels, adding that the one time Australian should actually

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Speaker 1: help deliver victory in the presidential election next month.

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Speaker 2: So much for the independent prayers. Speaking on Fox and

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Speaker 2: Friends of the Weekend, Trump said he'd tell Murdock to

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Speaker 2: keep horrible people off the air to help his campaign.

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Speaker 2: I'm going to quote him. I'm going to tell him

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Speaker 2: something very simple, because I can't talk to anybody else

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Speaker 2: about it. Don't put on negative commercials for twenty one days,

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Speaker 2: and don't put on these horrible people that come and lie.

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Speaker 2: I'm going to say, Rupert, please do it this way,

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Speaker 2: and then we're going to have a victory because I

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Speaker 2: think everybody wants that.

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Speaker 1: Story number two. It's been a massive week for auctions Sean,

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Speaker 1: with more than two thousand dwellings up for sale across

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Speaker 1: the nation and the result solid but not spectacular.

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Speaker 2: Yes, look, the preliminary clearance rate came in at sixty

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Speaker 2: seven point four percent, up from sixty six point six

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Speaker 2: percent last week, but the actual numbers of results is

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Speaker 2: a bit low, so it's actually hard to know quite

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Speaker 2: how accurate that preliminary cluance rate is. Be interesting to see.

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Speaker 2: Mormon came in at sixty nine percent, Sydney seventy and

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Speaker 2: a half, Brisbane forty eight, Adelade seventy two, Canberra at

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Speaker 2: fifty six. Massive week coming up. I think there's something

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Speaker 2: like twenty six hundred houses up for sale this week,

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Speaker 2: middle of the spring selling season. It's just a bit

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Speaker 2: a bit lack uster at the moment.

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Speaker 1: Michael, Yeah, it does seem that way. Story number three.

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Speaker 1: BHP and Fellow Iron all major varalet have offered forty

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Speaker 1: five billion dollars to end ongoing legal fights over the

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Speaker 1: twenty fifteen Somaco Damn disaster.

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Speaker 2: Now that forty five billion dollars is about thirty three

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Speaker 2: percent more than an offer made back in April. In it,

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Speaker 2: they set out individual amounts for amounts for individuals and

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Speaker 2: amounts for businesses whose lives were uphended by the disaster.

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Speaker 2: Brazilian authorities are yet to accept the offer. Bunch of

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Speaker 2: class actions going on in the Netherlands, in Australia, one

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Speaker 2: of the UK which starts this week that's against BHP

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Speaker 2: only not vallets. Claimants are seeking seventy billion dollars. It

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Speaker 2: all goes back to that twenty to fifteen disaster, the

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Speaker 2: collapse of the Fundaal tailings dam at Samaco's iron ore

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Speaker 2: mining complex. It killed nineteen people, displaced thousands and there

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Speaker 2: was widespread environmental damage.

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Speaker 1: Story number before. Wisetech global founder and CEO Richard White

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Speaker 1: is reportedly considering stepping down for a period as revelations

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Speaker 1: around his personal life continue to grab the headlines plenty.

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Speaker 2: In this it began in a dispute between mister White

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Speaker 2: and wellness entrepreneur Linda Rogan. The latter claims that mister

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Speaker 2: White wanted to have a sexual relationship with her in

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Speaker 2: exchange for investing in her company. It was a thirteen

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Speaker 2: million dollar walk who home in Sydney involved allegedly bought

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Speaker 2: by mister White former's Rogan but then sold at a loss.

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Speaker 2: Then The Australian revealed claims from another Sydney woman who

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Speaker 2: said a mentoring relationship with mister White evolved into a

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Speaker 2: romantic relationship until it was discovered by mister White's now wife,

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Speaker 2: lawyer Zena Nasa. In the meantime, as Nasa and mister

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Speaker 2: White have married, they've also had a baby. So far

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Speaker 2: on the board has backed mister White. Now there's talks

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Speaker 2: of a leave of absence. Shareholders are worried. Mister White

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Speaker 2: says it isn't happening, but of course that might not

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Speaker 2: be up to him. Wystep is one of the best

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Speaker 2: performing stocks on the AX this year, but it lost

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Speaker 2: seven percent in the last two sessions of last week

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Speaker 2: as all this news emerged.

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Speaker 1: Last one story number five, Meta, owner of course of Facebook,

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Speaker 1: has sacked more than twenty starf Seawan for using their

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Speaker 1: twenty five dollars meal credits to buy household items including

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Speaker 1: acne pads and wineglasses and laundry detergent.

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Speaker 2: Now, before we scoff little context, Meta offers free food

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Speaker 2: out of HQ and Silicon Valley. The smaller officers without

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Speaker 2: canteen well, Lubert eats, grub Hub credits, they're all available.

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Speaker 2: There's a twenty dollars allowance for breakfast, twenty five for lunch,

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Speaker 2: twenty five for dinner. Now, the abuse apparently of these

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Speaker 2: credits have been going on for a long period of time,

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Speaker 2: according to the ft, but the bit I like best.

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Speaker 2: In one post, an anonymous person on messaging platform blind

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Speaker 2: now former metastaff wrote that they'd used the twenty five

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Speaker 2: dollar credits on items such as toothpaste and tea, and

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Speaker 2: I quate on days where I would not be eating

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Speaker 2: at the office, like if my husband was cooking or

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Speaker 2: I was grabbing dinner with friends. I figured I ought

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Speaker 2: to not waste the dinner credit. The person indicated they

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Speaker 2: had a salary of about forty thousand. Now I'll say

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Speaker 2: that again, a salary of about four hundred thousand US

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Speaker 2: dollars at Meta got done for a twenty five dollars

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Speaker 2: outcha ouch.

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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's Monday,

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Speaker 1: the twenty first of October twenty twenty four. Remember to

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Speaker 1: hit follow on the podcast and five minutes isn't enough.

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Speaker 1: You can find our longer daily show called Fear and

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Speaker 1: Greed wherever you listen to podcasts. I'm Michael Thompson and

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Speaker 1: that was the past five Business news by Fear and Greed.

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Speaker 1: Had a great day,