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Speaker 1: It's Wednesday, the eleventh of September twenty twenty four. 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 into five minutes. I'm Michael Thompson and

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Speaker 1: good morning Sean Aylmer.

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Speaker 2: Good morning Michael, Sean.

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Speaker 1: Five stories, five minutes. Let's get going. Story number one.

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Speaker 1: Apple has released new watches, iPhones, and AirPods in its

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Speaker 1: biggest product launch in years, with Chief executive Tim Cook

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Speaker 1: claiming that the company is introducing breakthrough technologies in the devices.

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Speaker 2: The devices are equipped with new artificial intelligence features known

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Speaker 2: as Apple Intelligence, which mister Cook says will enhance creativity,

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Speaker 2: accessibility and health awareness. The launch of Apple Intelligence will

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Speaker 2: take time to roll out won't fully be available in

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Speaker 2: Australia till the end of the year, though the range

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Speaker 2: of new devices do go on sale in about ten

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Speaker 2: days time. The new iPhone sixteen includes a new faster

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Speaker 2: chip it'll perform AI tasks including writing tools and information

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Speaker 2: gathering services via photos. The Apple Pro models will include

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Speaker 2: a larger screen as well as a sharper microphone, and

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Speaker 2: all new phones will have a bigger battery and upgrades

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Speaker 2: to the cameras and big changes to the cameras. In fact,

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Speaker 2: the watches have larger screens, are thinner, and include faster

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Speaker 2: charging times. But the main upgrade around the watches health features,

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Speaker 2: including detecting whether wearers have sleep app Now, when it

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Speaker 2: comes to the AirPods, one of Apple's biggest selling points

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Speaker 2: according to Apple is that the Pro series can act

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Speaker 2: as a hearing a device.

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Speaker 1: All very impressive, Sean, but the question for most of

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Speaker 1: us is how much are these devices actually going to cost?

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Speaker 1: Considering all the AI enhancements.

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Speaker 2: Surprisingly, some devices, notably the phones are cheaper than the

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Speaker 2: last version. The iPhone sixteens one hundred dollars cheaper than

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Speaker 2: the fifteen, the Pro models fifty dollars cheaper the Watch

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Speaker 2: series ten, and the AirPods will be the same price.

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Speaker 2: This launch really matters to Apple, the world's largest company

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Speaker 2: worth three point four trillion dollars, because iPhones in particular,

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Speaker 2: called to its success. More than fifty percent of the

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Speaker 2: company's revenue is in iPhones. If it was on the

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Speaker 2: S and P five hundred, it'd be the fifteenth or

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Speaker 2: sixteenth biggest company, bigger than Ford and GM. The problem

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Speaker 2: is sales have been going backwards. So the hope here

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Speaker 2: for Apple is that all these new features and new

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Speaker 2: launchers can turn around its prospects.

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Speaker 1: All right, Moving on to story number two now, the

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Speaker 1: Albanese government is seeking the support of all states and

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Speaker 1: territories to impose a nationwide ban on teenagers using social media.

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Speaker 2: Prime Minister Anthony Albanesi it said he will introduce new

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Speaker 2: laws before the next election, saying parents are working without

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Speaker 2: a map to try and tackle the mental health consequences

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Speaker 2: triggered by social media. It comes after South Australian Premier

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Speaker 2: Peter Malanauskus proposed to ban children under fourteen from accessing

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Speaker 2: platforms such as Instagram. The federal plan is Vagua. The

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Speaker 2: cutoff age for platforms would be somewhere between thirteen and sixteen.

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Speaker 2: Final decision we've made by the state's territories and federal

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Speaker 2: government together. The FEDS have already initiated research into using

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Speaker 2: age assurance technologies. It's begoing consulting parents, young people, academics

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Speaker 2: and digital platforms about how the band could work. Now,

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Speaker 2: once these age assurance technologies are tested well, they'll be

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Speaker 2: tested basically aiming to prevent children under the age of

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Speaker 2: eighteen accessing pornography. They'll also be tested around social media

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Speaker 2: platformers for teenagers between thirteen and sixteen. Certainly, some of

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Speaker 2: the state premiers, including Victorias Justinto Allen, have already thrown

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Speaker 2: their support behind the idea.

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Speaker 1: Onder Story number three. Now Sean investors are at the

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Speaker 1: beginning of a dividend bonanza. Were thirty five billion dollars

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Speaker 1: in payouts due to hit shareholder accounts. Between now in October.

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Speaker 2: Payout ratiares are up five percent on a year ago.

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Speaker 2: And if you include all the big four banks remember

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Speaker 2: National Australia Bank, Westpac and A and Z have end

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Speaker 2: of March balanced dates to throw them in, well, the

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Speaker 2: ratio is up seven percent. And sure the major minus

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Speaker 2: cut dividends after the prior year, while the financials, banks

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Speaker 2: and insurers paid out more. According to an analysis from concept,

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Speaker 2: BEHP is the biggest payer five point five four billion

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Speaker 2: dollars in dividends. Not bad. Kamal's beak comes in at

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Speaker 2: number two, four point two billion dollars.

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Speaker 1: Story number four. Big Day Today, Shawn. The US presidential

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Speaker 1: debate kicks off at eleven am Eastern Standard time. It'll

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Speaker 1: take ninety minutes, including two ad breaks, and it's going

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Speaker 1: to be a very different proposition to the first debate.

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Speaker 2: Yes. In that first one, Donald Trump trounce Joe Biden

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Speaker 2: so much slow that the current president pulled out of

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Speaker 2: the race for a second term. Carmla Harris is known

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Speaker 2: as a confident debater, but given she's an unknown quantity

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Speaker 2: to many Americans, her performance today is critical in whether

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Speaker 2: she can keep that support, a base that she's guarded

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Speaker 2: since late July. The debate will be hosted by America's

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Speaker 2: ABC Network. No opening statements, no audience. Each participant will

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Speaker 2: be given two minutes to answer a question, two minutes

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Speaker 2: for rebuttals. They can make a two minute closing statement,

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Speaker 2: no pre written notes. They will get a pen, paper,

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Speaker 2: and bottle of water. They can't confer with advisors during

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Speaker 2: ad breaks, and quite incredibly, according to CNN, the two

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Speaker 2: have never met.

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Speaker 1: I find that quite extraordinary. Last one story number five.

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Speaker 1: A study of adolescent brain development the tested children before

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Speaker 1: and after the COVID nineteen pandemic lockdowns in the United

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Speaker 1: States found that girls' brains aged far faster than expected,

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Speaker 1: something the researchers attributed to social isolation.

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Speaker 2: The study from the University of Washington measured a cortical thinning,

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Speaker 2: a process that starts in either late childhood or early

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Speaker 2: adolescence as a brain begins to prune redundant synapses and

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Speaker 2: shrink its outer layer. Thinning of the cortex is not

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Speaker 2: necessarily bad. Some scientists framed the process as the brain

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Speaker 2: rewiring itself as it matures, increasing its efficiency. But the

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Speaker 2: process is known to accelerate in stressful conditions, and accelerated

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Speaker 2: thinning is correlated with depression and anxiety. According to report

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Speaker 2: in The New York Times, the effect was far more

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Speaker 2: notable than girls, whose sinning had accelerated on average by

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Speaker 2: four point two years. In boys, that was one point

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Speaker 2: four years ahead of what was expected. The studies authors

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Speaker 2: attributed the change to social deprivation caused by the pandemic,

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Speaker 2: which hit adolescent girls heart because they're more dependent on

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Speaker 2: social interactions, talking through problems with friends, et cetera as

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Speaker 2: a way to release stress.

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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.

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Speaker 2: Thank you Sean, Thank you Michael.

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Speaker 1: It is Wednesday, the eleventh of September twenty twenty four.

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Speaker 1: popular email addressing. I'm Michael Thompson and that was the

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Speaker 1: fast five business news by Fear and Greed. Have a

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Speaker 1: great day.