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Speaker 1: It's Thursday, the twenty third of January twenty twenty five.

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

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Speaker 1: Whill 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.

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Speaker 2: Good morning, Michael Shan.

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Speaker 1: Five stories in five minutes. Let's go a story. Number one.

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Speaker 1: President Donald Trump has suggested he could impose tariffs on

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Speaker 1: China next week and double tax rates for foreign individuals

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Speaker 1: and companies working in the US.

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Speaker 2: He said tariffs for China was still on the table.

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Speaker 2: He's talking about ten percent, probably on one February. His

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Speaker 2: reason is that he claims that China sells fentanyl to

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Speaker 2: Mexico and Canada previously threatened sixty percent tariffs, so maybe

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Speaker 2: ten percent tariffs ain't too bad. He's already said twenty

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Speaker 2: five percent tariffs would be applied to Mexico and Canada

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Speaker 2: from February one. He wouldn't rule out further sanctions on Russia.

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Speaker 2: He said European countries need to provide more money for

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Speaker 2: the NATO alliance. He also talked about one point five

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Speaker 2: million Ukrainians and Russians being killed in that war. Now

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Speaker 2: the number is probably closer to two hundred and fifty

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Speaker 2: thousand people. He directed all federal Diversity, Equity and Inclusion

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Speaker 2: staff to be put on paid leave. Agencies need to

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Speaker 2: develop plans to lay them off. He said he's open

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Speaker 2: to elin Musk buying TikTok. He already controls six hundred

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Speaker 2: million monthly YEARSS on next another one hundred and twenty

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Speaker 2: million US TikTok users very powerful man that would make him.

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Speaker 2: He announced investments worth up to half eight trillion dollars

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Speaker 2: in AI. He also started yesterday with the National Prayer Service.

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Speaker 2: The Reverend Marianne Buddy lectured him on LGBTQ and immigrant

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Speaker 2: rights and begged him to have mercy on scared families. Afterwards,

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Speaker 2: Trump described the services not too exciting.

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Speaker 1: Shown anything yet that's likely to directly hit Australia, and

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Speaker 1: I suppose Australian companies as well.

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Speaker 2: The big one is that Donald Trump's threatened to double

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Speaker 2: tax rates for foreign nationals and companies in the US

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Speaker 2: to hit back at discriminatory levies on American multinationals in

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Speaker 2: his America First trade policy. The US president referred to

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Speaker 2: an obscure ninety year old provision in the US tax Code.

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Speaker 2: It allows him to retaliate against foreign countries by imposing

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Speaker 2: punitive tax on their citizens and businesses. If that happened,

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Speaker 2: Australia would be hit.

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Speaker 1: Okay, moving on to story number two. Now sean Quantus

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Speaker 1: has overhauled its frequent flyer program, meaning that you will

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Speaker 1: need more points to travel on some international routes.

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Speaker 2: The number of points required to book Classic Rewards affairs

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Speaker 2: will rise by between five and twenty percent on certain

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Speaker 2: Quantus routs. Number of points for Classic upgrades and bookings

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Speaker 2: on partner airlines will also rise. The flip side, or

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Speaker 2: the trade off, is that it will be easier to

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Speaker 2: use frequent flyers on partner airlines like Air France, KALM

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Speaker 2: and Finnair. This was all going on as a share

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Speaker 2: price of Quantus hit a new record yesterday nine dollars

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Speaker 2: forty four, pretty phenomenal. It's quadrupled since its COVID low

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Speaker 2: of March twenty twenty. Yesterday's spike was more about the

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Speaker 2: fact that oil prices have fallen on the back of

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Speaker 2: Donald Trump wanting to drill for more oil. That is

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Speaker 2: good for fuel prices for Quantas in any case share

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Speaker 2: price record high.

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Speaker 1: Story number three. Commonwealth Bank is the country's most valuable

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Speaker 1: brand and the big supermarkets, Woolies and Cole's have rebounded

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Speaker 1: from a somewhat uncomfortable twenty twenty four to be back

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Speaker 1: in the top five.

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Speaker 2: It's Commonwealth Bank, then Woolies, then Telstra, the names, then Cole's.

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Speaker 2: Brand Finance Australia's annual survey looks at how much of

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Speaker 2: the company's profits are attributable to its brand, so it's

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Speaker 2: a little bit different to reputation. Other companies to show

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Speaker 2: improvement in brand value include Quantus after a horror twenty

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Speaker 2: twenty three, Jetstar, Ditto and Kmart on the back of

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Speaker 2: its Anka brand, which seems to be doing great things.

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Speaker 2: There were notable declines fortes Q, Metals Group, Harvey Norman,

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Speaker 2: BHP and Opti slid further.

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Speaker 1: Story number four. Netflix added a record nineteen million subscribers

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Speaker 1: in the December quarter as viewers flocked to stream the

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Speaker 1: new installment of Squid Game and live sporting events, including

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Speaker 1: a much hyped boxing match between Mike Tyson and Jake Paul.

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Speaker 2: At the end of last year, Netflix had three hundred

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Speaker 2: and one million subscribers fifteen percent higher than the year earlier.

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Speaker 2: It share price jumped on the news It's up eighty

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Speaker 2: percent over the last year. Netflix as a result will

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Speaker 2: raise prices, fortunately not in Australia at this point, just

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Speaker 2: in US, Canada, Portugal and Argentina. The streaming group made

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Speaker 2: a big push into live sporting events in the fourth quarter. Obviously,

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Speaker 2: the Tyson v. Paul boxing match was a big one,

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Speaker 2: sixty five million streams. On Christmas Day, it streamed a

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Speaker 2: pair of National Football League games, one which featured Beyonce,

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Speaker 2: about twenty four million viewers streaming that day. At the

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Speaker 2: other big one, SQUID game, it debuted season two, sixty

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Speaker 2: eight million views in the first week.

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Speaker 1: Finally, sean story number five, a nineteen to sixty nine

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Speaker 1: Porsche which was used in the Steve McQueen film Lamon

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Speaker 1: in nineteen seventy one, currently owned by Jerry Seinfeld, so

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Speaker 1: there's a lot of history behind this particular car failed

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Speaker 1: to sell at auction over the weekend, being taken off

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Speaker 1: the market perhaps a little unusually. When bidding got to

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Speaker 1: forty million US dollars.

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Speaker 2: It'd have to be the most recognizable Porsche in history.

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Speaker 2: It would have been the most expensive. If it was sold.

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Speaker 2: It was part of a massive auction in Florida, forty

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Speaker 2: five hundred vintage cars or cars being sold, bidding Beigen

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Speaker 2: for this poster at twenty one million dollars. Apparently Jerry

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Speaker 2: Seinfeld bought it for six million dollars in two thousand

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Speaker 2: and two. Now the auctioneer took it off the market

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Speaker 2: at forty million dollars. Not quite sure why. The highest

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Speaker 2: sale on the day a nineteen sixty six four g

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Speaker 2: T forty eleven million bucks. My favorite sale the nineteen

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Speaker 2: sixty seven Jaguar ed type roadster used in the Austin

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Speaker 2: Powers movies. It's called Remember in the movies they call

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Speaker 2: it the Shaguar. It went for one point four million dollars.

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Speaker 1: That's a great story. There we go, the top five

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Speaker 1: business stories in five minutes. Thank you Sean, Thank you Michael.

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Speaker 1: It is Thursday, the twenty third of January twenty twenty five.

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Speaker 1: Remember to hit follow on the podcast and if five

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Speaker 1: minutes isn't enough, you're going to find our longer daily

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Speaker 1: show called Fear and Greed wherever you listen to podcasts

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Speaker 1: are Michael Thompson. And that was the fast five business

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Speaker 1: news by fear and greed, Have a great day.