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Speaker 1: It's Monday, the twenty third of February twenty twenty six.

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Speaker 1: Welcome 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.

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Speaker 2: Morning Michael.

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Speaker 1: Very quick reminder, if you're listening to this on Spotify

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Speaker 1: and doing it through the your Daily Drive playlist, you

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Speaker 1: need to hit follow on the podcast because that playlist

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Speaker 1: is about to disappear and it may be a little

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Speaker 1: bit hard to find us after that. So hit follow

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Speaker 1: right at this very moment. Let's get on with it, Sean.

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Speaker 1: Story number one, Donald Trump has introduced a fifteen percent

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Speaker 1: global tariff for all goods entering the United States after

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Speaker 1: the Supreme Court ruled that the Trump administration's tariff's previously

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Speaker 1: announced under the International Emergency Economic Powers Act were unlawful.

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Speaker 1: So the new tariffs are in place now for one

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Speaker 1: hundred and fifty days that is allowed, but we'll need

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Speaker 1: congressional support to go any longer than that one hundred

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Speaker 1: and fifty days. Trump has promised to find new ways

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Speaker 1: of levying duties on goods coming into the country. He

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Speaker 1: was clearly angered by the six' to three decision of the,

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Speaker 1: court saying the judges who voted against the tariffs should

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Speaker 1: be ashamed of. Themselves what do you make of all of, This.

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Speaker 2: Well let's say global trades in a place of. Uncertainly

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Speaker 2: the trade deals are now Since Liberation. Day probably stay

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Speaker 2: reefron of the tariffs about seven one hundred and seventy

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Speaker 2: hundred and eighty BILLION us. Dollars not so sure about that.

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Speaker 2: One trump said his administration will undertake trade reviews on

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Speaker 2: specific countries and. Sectors that could actually cause an outbreak

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Speaker 2: of friction because it gets a bit personal when it's

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Speaker 2: country v country as opposed to just the broad based. Tariff,

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Speaker 2: also the world's changed Since Liberation day Last, april bigger,

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Speaker 2: Economies European union mostly standing up Against trump more than

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Speaker 2: they did. PREVIOUSLY i, mean we haven't spoken much About,

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Speaker 2: greenland and that's Because europe threatened these massive tariff retaliation

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Speaker 2: over that, issue So trump backed. Down, also a big

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Speaker 2: loss of revenue For, trump big problem because he's got

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Speaker 2: the one big beautiful bill included tax cus more defense.

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Speaker 2: Bending the other THING i think they showed really is

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Speaker 2: The Supreme court will check some Of trump's, powers which

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Speaker 2: many think is a good.

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Speaker 1: Thing so the universal fifteen percent, tariff it's bad For

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Speaker 1: australia because we previously only had a ten percent tariff.

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Speaker 1: Imposed same deal for THE. Uk yesterday we Had Trade

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Speaker 1: Minister Don farrell out blasting, away calling the global tariff.

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Speaker 2: Unjustified, yes but in our, case the stuff we sell

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Speaker 2: to THE us hasn't been much impacted by tariffs. Anyway

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Speaker 2: we still meet to THE us prices of the, sword

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Speaker 2: same deal with. Gold we know what's happened. There, broadly

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Speaker 2: the government believes in free and fair. TRADE i agree with.

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Speaker 2: That farrell's actually Hitting california this. Week but really even

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Speaker 2: the tariffs that have been imposed ON us thus far

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Speaker 2: haven't had much of an.

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Speaker 1: Impact and it's going to be messy for, markets.

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Speaker 2: Right, yep, Absolutely.

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Speaker 1: Okay sixty Percent this is story number, Two. Shan about

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Speaker 1: sixty percent of companies have reported Their december half. Profits

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Speaker 1: this is on THE. Asx it's been pretty good, overall

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Speaker 1: with mining profits up by about thirty three, Percent banks

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Speaker 1: are up around eight, percent energy companies down eighteen, percent

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Speaker 1: rest up about four. Percent that's helped push the local

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Speaker 1: share market close to record, levels even though there's plenty

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Speaker 1: of reasons investors should be.

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Speaker 2: Cautious, absolutely interest rates they could rise this. Year the

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Speaker 2: actual market itself first historical in historical, terms really expensive

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Speaker 2: at the. Moment not must much risk premium for equities over,

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Speaker 2: bonds which makes bonds and wed of. Value still plenty

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Speaker 2: of geopolitical uncertainty around the. PLACE a surprise that our

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Speaker 2: market's doing so well at the.

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Speaker 1: Moment, yeah story number. Three Prime Minister Anthony alberanezi has

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Speaker 1: said that tackling cost of living pressures remains front and

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Speaker 1: center for his, government alongside a focus on national.

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Speaker 2: Security speaking Of Sky news, yesterday THE pnsi economic reform

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Speaker 2: was top of the agenda and the government's focus was

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Speaker 2: on getting inflation. Lower he avoided questions about scaling back

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Speaker 2: capital gains tax concessions for property. Investors that mostly means

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Speaker 2: that they are thinking about. It he was asked about

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Speaker 2: one nation surge in the. Polls he pretty much teed

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Speaker 2: off same as the political movement that focuses on Dividing

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Speaker 2: australians and pitting them against each. Other he said they

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Speaker 2: amplify grievances rather than come up with. Solutions story number

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Speaker 2: four each.

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Speaker 1: Quarter this is really interesting that puts out a national

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Speaker 1: Well being index and basically it looks at How australians

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Speaker 1: feel about their lives in response to changing economic conditions

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Speaker 1: and social conditions and personal, finances all that kind of.

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Speaker 1: Stuff and after rising through much of last, year the

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Speaker 1: index has actually now dropped and its Younger aussies who

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Speaker 1: are feeling more.

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Speaker 2: Stressed, yeah, so Young australians face the highest, stress frequent,

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Speaker 2: difficulties with its central expenses pronounced inability to raise emergency.

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Speaker 2: Funds by, contrast Older australians on average reports significantly high well,

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Speaker 2: being lower financial, stress great satisfaction across, lifestyle financial and emotional. Measures,

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Speaker 2: migrants especially those that have arrived in the last five,

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Speaker 2: years tend to be more optimistic Than australian born. Individuals

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Speaker 2: while overall well being has, Softened australians generally continue to

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Speaker 2: demonstrate resilience and. Adaptability social cohesion is also, strong so

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Speaker 2: parental and grand panorental financi support for adult children is.

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Speaker 2: Rising for, example it's now present in about one in seven.

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Speaker 1: Households all, right last, one story number, Five The Winter

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Speaker 1: olympics comes to an.

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Speaker 2: End.

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Speaker 1: Sean this particular games is considered one of the Great Winter,

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Speaker 1: olympics headlined By Norway' Johannes, klabo, who after winning the

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Speaker 1: cross country fifty kilometer men's mass start over the, weekend

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Speaker 1: set a record for gold in one game with six

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Speaker 1: and a across a career as well with.

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Speaker 2: ELEVEN i got addicted to Watching. Clabo he's like The

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Speaker 2: Michael jordan Or Don bradman of cross country. SKIING i

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Speaker 2: think some very historic Moments canada's men Beating Great britain

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Speaker 2: nine to six in the curling. FINAL i reckon for

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Speaker 2: mine curlings come of age in These. Olympics loving the curling.

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Speaker 2: Austraightly three gold, medals till silver and one bronze makes

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Speaker 2: it our most Successful Winter olympics. Ever norway set a

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Speaker 2: new record for gold medals one. Eighteen about thirty five

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Speaker 2: hundred athletes, competed just under half being. Females closing ceremony

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Speaker 2: starts this. Morning two of our medal, Winners Daniel scott

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Speaker 2: and Coober, woods will carry the.

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Speaker 1: Flag it's been great to. Watch loving the, curling, though

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Speaker 1: is not a. SENTENCE i suspect you ever thought you'd

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Speaker 1: hear yourself say, though, sure all, right there we, go

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Speaker 1: top five business stories in five. Minutes thank you very,

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Speaker 1: Much thank, You. Michael It's, monday the twenty third Of

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Speaker 1: february twenty twenty. Six remember to hit follow on the

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Speaker 1: podcast very. Important and if five minutes isn't, enough you

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Speaker 1: can find our longer daily show Called fear And greed

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Speaker 1: wherever you listen to. Podcasts I'm Michael thompson and that

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Speaker 1: was the fast five business news By fear And. Greed

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Speaker 1: have a great.

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Speaker 2: Day