1 00:00:04,680 --> 00:00:09,559 Speaker 1: Hello, Welcome to the update. I'm Michelle Stevenson. Australia's economy 2 00:00:09,600 --> 00:00:12,639 Speaker 1: continues to slow does bind record at government spending at 3 00:00:12,680 --> 00:00:16,040 Speaker 1: a state and federal level. Ladist data shows the economy 4 00:00:16,040 --> 00:00:19,040 Speaker 1: grew point eight of a percent for the year two September. 5 00:00:19,239 --> 00:00:22,360 Speaker 1: That's down on the previous reading in June, but Treasury 6 00:00:22,440 --> 00:00:26,040 Speaker 1: Jim Chalmers maintains the right policy settings are in place. 7 00:00:26,280 --> 00:00:29,319 Speaker 2: We acknowledge that that growth is soft and we know 8 00:00:29,440 --> 00:00:32,240 Speaker 2: why that's the case. It is weighed down very substantially 9 00:00:32,360 --> 00:00:34,920 Speaker 2: by the interest rate rises which began before the election, 10 00:00:35,080 --> 00:00:38,760 Speaker 2: combined with those costs of leading pressures weighing on household 11 00:00:38,760 --> 00:00:43,560 Speaker 2: budgets and the global economic uncertainty as well. 12 00:00:43,800 --> 00:00:46,839 Speaker 1: Opposition leader Peter Darton, though says Labor is failing to 13 00:00:46,960 --> 00:00:48,440 Speaker 1: properly manage the economy. 14 00:00:48,520 --> 00:00:50,720 Speaker 3: The government's presided now for most of its term over 15 00:00:51,400 --> 00:00:54,040 Speaker 3: a household recession and people are feeling it. There are 16 00:00:54,080 --> 00:00:56,840 Speaker 3: families at the moment who will go home tonight sitting 17 00:00:56,840 --> 00:00:58,640 Speaker 3: around a kitchen table, not knowing how they're going to 18 00:00:58,680 --> 00:01:01,240 Speaker 3: pay the power bill, knowing whether they can keep their 19 00:01:01,240 --> 00:01:04,800 Speaker 3: insurance cover for their car or for their business. And 20 00:01:04,840 --> 00:01:06,759 Speaker 3: this is a tough time for Australian families. 21 00:01:06,880 --> 00:01:09,880 Speaker 1: The Conwealth Bank has paused its decision to hit customers 22 00:01:09,880 --> 00:01:12,720 Speaker 1: with a three dollars withdrawal fee. It follows the government's 23 00:01:12,760 --> 00:01:15,360 Speaker 1: warning that he would be looking closely at the bank's 24 00:01:15,360 --> 00:01:18,720 Speaker 1: original move to impose the fee, describing the change as 25 00:01:18,840 --> 00:01:21,640 Speaker 1: a kick in the guts. The bank says it'll put 26 00:01:21,680 --> 00:01:23,800 Speaker 1: the charge on Holt for at least six months while 27 00:01:23,800 --> 00:01:27,720 Speaker 1: it reviews its position. Australia supported a fresh push for 28 00:01:27,800 --> 00:01:31,960 Speaker 1: Palestinian statehood at the United Nations. One hundred and fifty 29 00:01:32,000 --> 00:01:35,759 Speaker 1: six countries have backed emotion calling for peace talks next 30 00:01:35,800 --> 00:01:38,800 Speaker 1: year in the hope of establishing a two state solution. 31 00:01:39,319 --> 00:01:42,400 Speaker 1: The US and Israel opposed the resolution, though calling it 32 00:01:42,520 --> 00:01:46,320 Speaker 1: one sided. Donald Trump's legal team has filed to have 33 00:01:46,400 --> 00:01:50,360 Speaker 1: the incoming president's hush money case dismissed. His lawyers, arguing 34 00:01:50,440 --> 00:01:53,760 Speaker 1: Joe Biden's decision to pardon his own son is an 35 00:01:53,760 --> 00:01:58,080 Speaker 1: admission the Department of Justice is politically motivated and just 36 00:01:58,200 --> 00:02:01,960 Speaker 1: four minutes a vigorous intermitted physical activity a day could 37 00:02:02,000 --> 00:02:05,919 Speaker 1: half the risk of major cardiovascular events in middle aged women. 38 00:02:06,240 --> 00:02:10,079 Speaker 1: It's one entertainment done next, just sport and Australian tennis 39 00:02:10,080 --> 00:02:11,920 Speaker 1: fans are in for a treat this summer with the 40 00:02:11,960 --> 00:02:14,720 Speaker 1: return of Nick Kurios and the arrival of Novak Djokovic, 41 00:02:15,000 --> 00:02:17,120 Speaker 1: the Serbian star the latest big name to join a 42 00:02:17,160 --> 00:02:20,080 Speaker 1: host of others for the Brisbane International leading into the 43 00:02:20,120 --> 00:02:23,880 Speaker 1: Australian Open, and India is keeping Australia guessing over its 44 00:02:23,919 --> 00:02:26,840 Speaker 1: batting order for the second Test, which begins on Friday. 45 00:02:27,160 --> 00:02:29,799 Speaker 1: In Entertainment News Now, and Olivia Rodrigo has shut down 46 00:02:29,800 --> 00:02:32,720 Speaker 1: the New York City Subway, the singer joining Sony for 47 00:02:32,760 --> 00:02:37,000 Speaker 1: the event to celebrate her latest Headphones collab. Drew Barrymore 48 00:02:37,080 --> 00:02:39,880 Speaker 1: has surprised Ariana Grande with a piece of film history, 49 00:02:39,919 --> 00:02:42,840 Speaker 1: the talk show host presenting the Wicked Star with Glinda's 50 00:02:43,080 --> 00:02:46,160 Speaker 1: original wand from The Wizard of Oz, which is now 51 00:02:46,280 --> 00:02:49,960 Speaker 1: eighty five years old. And Taliswift has reacted to Beyonce 52 00:02:50,120 --> 00:02:53,200 Speaker 1: being named the greatest pop star of the twenty first century, 53 00:02:53,440 --> 00:02:55,959 Speaker 1: a source revealing that Tata thinks the singer is so 54 00:02:56,040 --> 00:03:00,000 Speaker 1: deserving of the honor that she'll always support strong fears 55 00:03:00,040 --> 00:03:02,520 Speaker 1: email artists. And that's the latest to the Nerve podcast 56 00:03:02,520 --> 00:03:04,120 Speaker 1: news team, We'll have another episode of the update for 57 00:03:04,200 --> 00:03:05,760 Speaker 1: you tomorrow. I'm Michelle Stevenson,