1 00:00:04,680 --> 00:00:09,200 Speaker 1: I'll welcome to the update. I'm Michelle Stevenson. Well the 2 00:00:09,240 --> 00:00:12,200 Speaker 1: treasurer um says he's taking nothing for granted. As the 3 00:00:12,240 --> 00:00:15,080 Speaker 1: Reserve Bank Board meets for the first time this year, 4 00:00:15,520 --> 00:00:18,480 Speaker 1: markets are predicting a high chance the RBA will deliver 5 00:00:18,560 --> 00:00:22,400 Speaker 1: its first interest rate cut since twenty twenty. Jim Chalmers 6 00:00:22,400 --> 00:00:25,200 Speaker 1: says inflation is on the way down, but won't speculate 7 00:00:25,239 --> 00:00:28,000 Speaker 1: further on the banks thinking ahead of tomorrow's announcement. 8 00:00:28,240 --> 00:00:30,440 Speaker 2: I have a lot of respect for the independence of 9 00:00:30,480 --> 00:00:33,320 Speaker 2: the Reserve Bank, and that's why I don't engage in 10 00:00:33,360 --> 00:00:37,560 Speaker 2: a running commentary about their deliberations, which are underway right now. 11 00:00:37,840 --> 00:00:41,240 Speaker 1: Well Liberal leader Peter Dutton says Ossie families have endured 12 00:00:41,400 --> 00:00:42,880 Speaker 1: high rates for far too long. 13 00:00:43,000 --> 00:00:45,360 Speaker 2: I really hope, for the sake of Australians who have 14 00:00:45,440 --> 00:00:49,319 Speaker 2: had twelve interest rate increases under mister Albanezy that there 15 00:00:49,400 --> 00:00:53,159 Speaker 2: is a twenty five point card or if it's more 16 00:00:53,159 --> 00:00:56,240 Speaker 2: than that, that's fantastic, but families need relief. 17 00:00:56,600 --> 00:01:00,280 Speaker 1: The Viedual opposition, meantime, is threatening to take action against 18 00:01:00,320 --> 00:01:04,000 Speaker 1: insurers if it wins the next election. The Liberals are 19 00:01:04,000 --> 00:01:07,800 Speaker 1: considering forced divestitures in the sector if companies fail to 20 00:01:07,840 --> 00:01:11,120 Speaker 1: bring down premiums. They're also promising a similar policy of 21 00:01:11,240 --> 00:01:14,120 Speaker 1: forced to sell offs for supermarkets if they rip off 22 00:01:14,280 --> 00:01:17,520 Speaker 1: consumers or Federal and state governments are being urged to 23 00:01:17,600 --> 00:01:21,479 Speaker 1: streamline planning regulations in a bid to speed up construction 24 00:01:21,600 --> 00:01:24,960 Speaker 1: of new homes. A new Productivity commission reporter has found 25 00:01:25,000 --> 00:01:28,200 Speaker 1: Australia's building fewer homes per hours worked than we were 26 00:01:28,319 --> 00:01:32,679 Speaker 1: thirty years ago. Excessive red tape, skills, shortages and a 27 00:01:32,760 --> 00:01:36,039 Speaker 1: lack of innovation are being blamed. All the hunters on 28 00:01:36,080 --> 00:01:38,959 Speaker 1: for a new police chief Commissioner in Victoria after Shane 29 00:01:39,000 --> 00:01:42,880 Speaker 1: Patten stepped down effective immediately. It follows a no confidence 30 00:01:42,959 --> 00:01:45,760 Speaker 1: vote from members on Friday and then word is his 31 00:01:45,880 --> 00:01:50,640 Speaker 1: contract would not be renewed. And an injection based way 32 00:01:50,720 --> 00:01:53,680 Speaker 1: loss drug has been approved for the first time in Australia. 33 00:01:53,760 --> 00:01:57,080 Speaker 1: The Therapeutics Goods Administration made the decision following a string 34 00:01:57,120 --> 00:02:00,600 Speaker 1: of successful trial results. We're GOVI is believed to reduce 35 00:02:00,640 --> 00:02:04,440 Speaker 1: heart attacks and abast patients by twenty percent. It's entertainment 36 00:02:04,560 --> 00:02:09,040 Speaker 1: annexed to sport. An ARL commissioned Boss Peter Landis has 37 00:02:09,080 --> 00:02:11,880 Speaker 1: issued a public play on American television to President Donald 38 00:02:11,919 --> 00:02:16,440 Speaker 1: Trump inviting him to the NRL's season Las Vegas and 39 00:02:16,680 --> 00:02:19,399 Speaker 1: Western Bulldog star Cody Whiteman is said to miss three 40 00:02:19,400 --> 00:02:21,840 Speaker 1: months of football. The twenty four year old small forward 41 00:02:21,919 --> 00:02:25,480 Speaker 1: needs surgery for a ran knee condition. You Entertainment News 42 00:02:25,639 --> 00:02:28,200 Speaker 1: Now and Blake Lively and Ryan Reynolds are put on 43 00:02:28,320 --> 00:02:30,839 Speaker 1: a pretty United France, taking the spotlight amid the Justin 44 00:02:30,880 --> 00:02:34,359 Speaker 1: Baldoni legal drama. The A List couple appearing on Saturday 45 00:02:34,480 --> 00:02:38,200 Speaker 1: Night Lives fiftieth anniversary special, with Reynolds cracking a joke 46 00:02:38,280 --> 00:02:43,160 Speaker 1: about the scandal from the audiences go in great Bye, 47 00:02:43,160 --> 00:02:48,119 Speaker 1: what do you hear? While post Belone joined surviving Nirvana 48 00:02:48,200 --> 00:03:09,120 Speaker 1: band members including Dave Grohl for this classic spots And 49 00:03:09,320 --> 00:03:13,240 Speaker 1: Billie Eilish has touchdown in Australia ahead of her sellout tour. 50 00:03:13,520 --> 00:03:15,600 Speaker 1: The Star is in Brisbane ahead of four shows at 51 00:03:15,600 --> 00:03:18,960 Speaker 1: the Entertainment Center. She'll then head to Sydney before finishing 52 00:03:19,040 --> 00:03:21,280 Speaker 1: up in Melbourne. And that's the latest from the Nova 53 00:03:21,360 --> 00:03:23,639 Speaker 1: podcast news team. We'll have another episode of the Update 54 00:03:23,680 --> 00:03:25,560 Speaker 1: for you tomorrow. I'm Michelle Stevenson.