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Speaker 1: It's Wednesday, the fifteenth of October 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, Good morning, Michael Shaw and

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Speaker 1: five stories five minutes. Let's go a story number one.

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Speaker 1: Several key commodity prices a run a run with record

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Speaker 1: high prices for gold and silver, new peak for iron ore,

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Speaker 1: as well as surging interest in rare earths and uranium,

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Speaker 1: pushing local mining stocks higher.

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Speaker 2: Been a very busy thirty six hours, with investor risk

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Speaker 2: appetite rising after President Donald Trump's administration signaled an openness

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Speaker 2: to a deal with Beijing to damp and trade tensions. Meanwhile,

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Speaker 2: China's Ministry of Commerce urged further negotiations to resolve outstanding issues.

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Speaker 2: Put all that together, hot commodity prices got hotter. Starting

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Speaker 2: close to ham, iron ore prices traded over one hundred

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Speaker 2: and nine US dollars a ton, the highest level since February.

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Speaker 2: Spot gold pushed beyond four thousand, one hundred and nine

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Speaker 2: US dollars. An ounce on the back of the US

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Speaker 2: China trade tensions, A big gold miners, Newmont, Northern Star, Evolution,

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Speaker 2: Genesis minerals all did well. The most exciting one, Michael

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Speaker 2: Silver prices touched an all time high above US dollar

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Speaker 2: fifty two dollars fifteen ounce now haven't been at that

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Speaker 2: level since nineteen eighty. In fact, silver was one of

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Speaker 2: the few commodity markets where the peak of the seventies

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Speaker 2: and eighties hadn't been beaten. That certainly helped the local

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Speaker 2: silver mines.

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Speaker 1: Now away from the better known commodities. The uranium sector

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Speaker 1: went on a run yesterday as well.

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Speaker 2: Sewn uranium prices are about fifteen percent off their highs

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Speaker 2: of eighteen months ago, though in recent weeks have surged again. Yesterday,

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Speaker 2: Paladin Energy's quarterly production report showed the ramp up of

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Speaker 2: its mind in Namibia was doing well. That boosted companies

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Speaker 2: like Deep Yellow, venomin and bos Energy. And rare earths

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Speaker 2: are surging at the moment too, I mean quite incredible

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Speaker 2: they used. Rare earths are primarily used in electric vehicles

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Speaker 2: and defense equipment, and with restrictions being imposed on Chinese

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Speaker 2: rare werths by Beijing, other producers are benefiting including the

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Speaker 2: Australian companies.

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Speaker 1: Okay, moving on to story number two. Now, the Reserve

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Speaker 1: Bank Board is in no hurry to cut interest rates,

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Speaker 1: and any further changes in monetary policy will depend on

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Speaker 1: data releases. Notwithstanding, current rate settings are slowing the economy somewhat.

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Speaker 2: That's the key takeout from the release of the Reserve

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Speaker 2: Bank Board minutes yesterday. The Board judge that the labor

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Speaker 2: market was still a little tight, doesn't expect too much

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Speaker 2: change in the short term. Hotter than expected monthly inflation

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Speaker 2: figures concerned them a bit. They highlighted price growth in

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Speaker 2: what they call market services, things like catering, dog grooming,

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Speaker 2: as well as in the cost of building new homes.

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Speaker 2: These trends, the minutes noted, suggested the new September quarterly

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Speaker 2: inflation data, set for release at the end of this month,

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Speaker 2: is critical in whether or not we're going to get

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Speaker 2: another rate cut. Financial markets of priced in just a

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Speaker 2: forty four percent chance of a cut at next month's

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Speaker 2: Board meeting.

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Speaker 1: Story number three. Australia will begin manufacturing missiles domestically by

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Speaker 1: the end of this year, with the announcement conveniently coming

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Speaker 1: days ahead of Prime Minister Anthony Albanezi meeting US President

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Speaker 1: Donald Trump very convenient.

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Speaker 2: The announcement came as part of a joint statement of

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Speaker 2: intent Australia signed alongside the US and Lockheed Martin to

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Speaker 2: establish a sovereign Guided Weapons and Explosive Ordinance enterprise in

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Speaker 2: the country. Defense Industry Minister Pat Conroy said the goal

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Speaker 2: is to have a missile factory that can produced up

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Speaker 2: to four thousand guided multiple launch rocket system missiles. The

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Speaker 2: capacity of the factory would exceed Australia's requirements and could

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Speaker 2: eventually support the needs of the US or other partners.

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Speaker 1: Story number four. A price war in the supermarket sector

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Speaker 1: might be coming ahead of Christmas, with Cole's chief executive

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Speaker 1: le A Wicket saying she will do whatever it takes

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Speaker 1: to remain competitive with rival Woolworths.

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Speaker 2: So there is speculation Willies wants to intensify the price

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Speaker 2: war and a wed bid to win back market chair.

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Speaker 2: A couple of months ago, Willie said it would invest

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Speaker 2: a million one hundred million dollars in lower prices this

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Speaker 2: financial year, obviously in a battle with Cole's ld Costco Amazon.

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Speaker 2: At the moment, Workerts Coals is finding supermarket sales growth

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Speaker 2: of about four point nine percent, Woolies that two point

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Speaker 2: one percent. It wants to peg back Coles's lead now.

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Speaker 2: Wickets said Coal's intentions to remain competitive and relevant to customers,

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Speaker 2: and it will do whatever it needs on prices. Woolies

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Speaker 2: and Coals still have a price premium to Aldi that

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Speaker 2: that's actually narrow. We so Coals in particular around things

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Speaker 2: like sausages, beef, chicken, salmon, frozen pizza and olive oil

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Speaker 2: are becoming much more competitive. Woolies has extended its lowest

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Speaker 2: shelf price program from four hundred to seven hundred items.

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Speaker 2: Good news for consumers price war in the supermarkets and

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Speaker 2: run up to Christmas.

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Speaker 1: Yeah, fingers crossed last one story Number five. Sean Taylor

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Speaker 1: Swift has broken another music industry record with opening week

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Speaker 1: sales of her latest album, The Life of a show Girl,

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Speaker 1: eclipsing those of Adell's twenty five from a decade ago.

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Speaker 2: The Life of a Show Girl ended the week with

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Speaker 2: the equivalent of just over four million sales in the US,

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Speaker 2: according to track and Service Illuminate twenty fifteen. Record from

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Speaker 2: Adele's twenty five was three point five million of the

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Speaker 2: four million three and a half million were sales of

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Speaker 2: vinyl CD cassettes and digital downroads half a million streaming. Incredibly,

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Speaker 2: Showgirl has sold one point three million copies in a

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Speaker 2: week as a vinyl LP, breaking a modern era record

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Speaker 2: set by Swift herself. Showgirl has become Swift's fifteenth album

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Speaker 2: to go to number one on the Billboard two thousand chart.

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Speaker 2: Only the Beatles have more number one titles with nineteen.

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Speaker 2: The songs and Showgirl also drew six hundred and eighty

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Speaker 2: one million clicks on streaming services from American listeners. In fact,

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Speaker 2: Spotify said that the Fat the Fate of Ophelure, which

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Speaker 2: is the opening track on the album, had become the

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Speaker 2: most streamed song on that platform in a single week ever. Incredible.

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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 Wednesday, the fifteenth of October 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 enough, you're going to find our longer daily show

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Speaker 1: called Fear and Greed wherever you listen to podcasts. I'm

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Speaker 1: Michael Thompson and that was a fast five business used

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Speaker 1: by fear and greed, have a great day. M