1 00:00:03,720 --> 00:00:06,680 Speaker 1: It's Monday, the twelfth of August twenty twenty four. Welcome 2 00:00:06,680 --> 00:00:09,000 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,000 --> 00:00:10,840 Speaker 1: where we give you the top five business stories you 4 00:00:10,880 --> 00:00:13,320 Speaker 1: need to know in just five minutes. Are Michael Thompson 5 00:00:13,360 --> 00:00:16,959 Speaker 1: and Good Morning, Sean Aylmer. Good Morning, Michael, Sean. Five 6 00:00:17,000 --> 00:00:19,360 Speaker 1: stories in five minutes. Let's go Story number one. The 7 00:00:19,440 --> 00:00:22,520 Speaker 1: race to be president of the United States is tightening up, 8 00:00:22,760 --> 00:00:26,880 Speaker 1: with Democratic nominee Krmala Harris now even with Republican Donald 9 00:00:26,880 --> 00:00:29,120 Speaker 1: Trump and a head in some battleground states. 10 00:00:29,480 --> 00:00:32,800 Speaker 2: Through the big battleground states Wisconsin, Pennsylvania, and Michigan, a 11 00:00:32,880 --> 00:00:35,839 Speaker 2: New York Times Siana College pole puts Ms. Harris ahead 12 00:00:36,080 --> 00:00:38,800 Speaker 2: by four percentage points. It's pretty much the first time 13 00:00:38,840 --> 00:00:41,640 Speaker 2: that quality polls have put the Democrats either Joe Biden 14 00:00:41,720 --> 00:00:44,360 Speaker 2: or Carmala Harris in froro of Donald Trump in terms 15 00:00:44,400 --> 00:00:47,280 Speaker 2: of who Americans trust most to handle the economy in immigration, 16 00:00:47,400 --> 00:00:50,400 Speaker 2: both big issues, mister Trump actually wins. The third major 17 00:00:50,440 --> 00:00:52,920 Speaker 2: issue in the three swing states at least is abortion. 18 00:00:53,440 --> 00:00:57,120 Speaker 2: Miss Harris's favorability rating has increased. For example, in Pennsylvania, 19 00:00:57,120 --> 00:00:59,560 Speaker 2: it's up ten percentage points in just a month, according 20 00:00:59,600 --> 00:01:02,760 Speaker 2: to New York Times, but many respondents said she is 21 00:01:02,840 --> 00:01:05,520 Speaker 2: too liberal. Another interesting finding from the poll is that 22 00:01:05,560 --> 00:01:07,520 Speaker 2: many more people are now happy with a choice they've 23 00:01:07,560 --> 00:01:09,760 Speaker 2: been given for president compared to when it was just 24 00:01:09,920 --> 00:01:13,399 Speaker 2: Joe Biden the Donald Trump. The other three states which 25 00:01:13,440 --> 00:01:15,560 Speaker 2: are expected to be crucial in winning the White House 26 00:01:15,600 --> 00:01:18,160 Speaker 2: are Arizona, Georgia, and Nevada. There's a bunch of states 27 00:01:18,200 --> 00:01:20,720 Speaker 2: like California, New York Vale vote Democrat. We know that 28 00:01:21,040 --> 00:01:24,800 Speaker 2: a bunch of rural states, including Texas, they will vote Republican. 29 00:01:25,080 --> 00:01:28,080 Speaker 2: So it's these sort of six swing states that really matter. 30 00:01:28,840 --> 00:01:31,000 Speaker 1: Sean, the fight for the White House is obviously going 31 00:01:31,000 --> 00:01:34,480 Speaker 1: to have far ranging implications for global politics. That includes 32 00:01:34,520 --> 00:01:37,920 Speaker 1: Australia of course, but more immediately it's important for what 33 00:01:37,959 --> 00:01:39,880 Speaker 1: it means in the Middle East, and there were more 34 00:01:39,920 --> 00:01:42,200 Speaker 1: horrific stories from the region over the weekend. 35 00:01:42,560 --> 00:01:44,800 Speaker 2: Yeah, it'd be great if the election could mean we 36 00:01:44,800 --> 00:01:47,480 Speaker 2: weren't hearing these sorts of stories. In Israeli, airstrike on 37 00:01:47,520 --> 00:01:51,680 Speaker 2: a Gaza City school compound housing displaced Palestinian families killed 38 00:01:51,680 --> 00:01:54,320 Speaker 2: around one hundred people over the weekend, though Israel said 39 00:01:54,320 --> 00:01:57,040 Speaker 2: the toll was inflated. And nineteen militants were among the dead. 40 00:01:57,320 --> 00:01:59,800 Speaker 2: Video from the site showed body parts scattered among rubble 41 00:01:59,840 --> 00:02:02,640 Speaker 2: and bodies being carried away and covered by blankets. The 42 00:02:02,680 --> 00:02:07,920 Speaker 2: Israeli strike drough condemnation from Australian Foreign Minister Pennywong Arab States, Turkey, France, Britain, 43 00:02:07,960 --> 00:02:11,160 Speaker 2: the European Union, and an expression of deep concern from 44 00:02:11,200 --> 00:02:13,440 Speaker 2: the US, which has been working with partners to prevent 45 00:02:13,480 --> 00:02:16,160 Speaker 2: the ten month old Gaza conflict from escalating into a 46 00:02:16,200 --> 00:02:16,840 Speaker 2: regional war. 47 00:02:17,440 --> 00:02:19,520 Speaker 1: All right, moving on to story number two. Now, An 48 00:02:19,600 --> 00:02:24,440 Speaker 1: Intelligence chief Mike Burgess says up to four countries, including Iran, 49 00:02:24,919 --> 00:02:28,320 Speaker 1: are actively involved in foreign interference in Australia. 50 00:02:28,840 --> 00:02:32,239 Speaker 2: ASIO has found these countries involved in foreign interference here 51 00:02:32,560 --> 00:02:36,760 Speaker 2: and also in desperate communities. Some of them are a surprise. 52 00:02:36,840 --> 00:02:41,080 Speaker 2: Mister Burgess said he was talking on ABC's Insiders Foreign 53 00:02:41,120 --> 00:02:44,520 Speaker 2: interference in espionage, where key security concerns for the National 54 00:02:44,520 --> 00:02:47,600 Speaker 2: Intelligence and Security Agency, with a range of countries court 55 00:02:47,639 --> 00:02:52,280 Speaker 2: attempting to threaten or intimidate desperate communities. Iran's able to 56 00:02:52,280 --> 00:02:55,240 Speaker 2: be identified publicly because the Federal Minister has already done so. 57 00:02:55,400 --> 00:02:59,160 Speaker 2: According to miss Burgess, the spy chiefs foreign interference remarks 58 00:02:59,280 --> 00:03:02,480 Speaker 2: follow US Where's former President Donald Trump complaining that his 59 00:03:02,639 --> 00:03:06,720 Speaker 2: campaign had been hacked by the Iranian government, though there 60 00:03:06,760 --> 00:03:08,600 Speaker 2: isn't actually any confirmation of who did it. 61 00:03:09,040 --> 00:03:12,000 Speaker 1: Story number three. Foxtel is up for sale after own 62 00:03:12,040 --> 00:03:15,000 Speaker 1: a NewsCorp undertook a review of its assets and uncovered 63 00:03:15,040 --> 00:03:19,079 Speaker 1: third party interest in the PayTV business, which owns streaming 64 00:03:19,160 --> 00:03:22,919 Speaker 1: services Binge and Kosport and aggregation platform Hubble. 65 00:03:23,320 --> 00:03:26,200 Speaker 2: News boss Robert Thompson said the group is evaluating options 66 00:03:26,200 --> 00:03:29,280 Speaker 2: for Foxfelm News owned sixty five percent of the group. 67 00:03:29,320 --> 00:03:32,079 Speaker 2: Telstra owns the other thirty five percent. The PayTV business 68 00:03:32,080 --> 00:03:34,560 Speaker 2: has about one million subscribers, who on average play around 69 00:03:34,600 --> 00:03:37,720 Speaker 2: ninety dollars a month. Including its streaming business, which i 70 00:03:37,800 --> 00:03:40,760 Speaker 2: lower margin, it's about four point seven million subscribers. A 71 00:03:40,840 --> 00:03:43,760 Speaker 2: significant factor in any sale of fox Hill is any 72 00:03:43,840 --> 00:03:47,240 Speaker 2: renegotiations of the NRL sports rights that's rugby league is 73 00:03:47,320 --> 00:03:49,839 Speaker 2: due to expire in twenty twenty seven. It shares those 74 00:03:49,880 --> 00:03:52,560 Speaker 2: with Nine Entertainment. At the moment, Foxhel's cured the rights 75 00:03:52,560 --> 00:03:54,520 Speaker 2: of the AFL and most of the cricket until the 76 00:03:54,560 --> 00:03:55,560 Speaker 2: early twenty thirties. 77 00:03:55,920 --> 00:03:58,800 Speaker 1: Story number four Regional Express, better known of course as 78 00:03:58,880 --> 00:04:03,040 Speaker 1: REX os creditors around half a billion dollars, which is 79 00:04:03,160 --> 00:04:04,800 Speaker 1: more than first anticipated. 80 00:04:04,880 --> 00:04:08,280 Speaker 2: Ewide administrator Sam Freeman told the first meeting of REX 81 00:04:08,320 --> 00:04:11,160 Speaker 2: creditors on Friday that a sale process has commenced with 82 00:04:11,280 --> 00:04:14,320 Speaker 2: intention of securing as much money as possible for around 83 00:04:14,360 --> 00:04:18,280 Speaker 2: forty eight hundred creditors excluding customers. Of the five hundred 84 00:04:18,320 --> 00:04:21,320 Speaker 2: million dollar total, around one hundred and twenty million dollars 85 00:04:21,360 --> 00:04:24,640 Speaker 2: is owed to Asian private equity house PAG PAG and 86 00:04:24,680 --> 00:04:26,920 Speaker 2: a further one hundred and seventy million dollars to Westpac. 87 00:04:27,160 --> 00:04:29,480 Speaker 2: Mind you, that's fully underwritten by state and federal government 88 00:04:29,680 --> 00:04:32,440 Speaker 2: for air ambulance services. The next meeting is due to 89 00:04:32,440 --> 00:04:34,640 Speaker 2: be held by September three, where EY will provide an 90 00:04:34,680 --> 00:04:37,400 Speaker 2: update on the sale process. Administrators say they would prefer 91 00:04:37,480 --> 00:04:41,039 Speaker 2: Rex's regional flights to continue as a going concern. Let's hope. 92 00:04:41,040 --> 00:04:43,880 Speaker 1: So last one sean story number five, which is not 93 00:04:43,920 --> 00:04:46,760 Speaker 1: exactly a business story as such, but it's just a 94 00:04:46,800 --> 00:04:49,000 Speaker 1: story that is so remarkable that we've got to mention it. 95 00:04:49,080 --> 00:04:53,640 Speaker 1: A Russian chess champion has been suspended after poisoning her 96 00:04:53,760 --> 00:04:58,200 Speaker 1: childhood rival ahead of a match by smearing deadly mercury 97 00:04:58,320 --> 00:04:59,279 Speaker 1: over her pieces. 98 00:05:00,080 --> 00:05:04,480 Speaker 2: Amina Abakerova is reported to have said she attacked ume 99 00:05:04,640 --> 00:05:09,160 Speaker 2: Gannett Osmanova out of revenge for a personal insult. She's 100 00:05:09,200 --> 00:05:11,320 Speaker 2: been arrested and faces up to three years jail if 101 00:05:11,360 --> 00:05:13,760 Speaker 2: found guilty. According to a story in the Daily Telegraph 102 00:05:13,760 --> 00:05:17,640 Speaker 2: of London, security footage captures the moment when Abakerover entered 103 00:05:17,680 --> 00:05:19,599 Speaker 2: the hall where the tournament was to take place in 104 00:05:19,640 --> 00:05:22,720 Speaker 2: Southern Russia, and she appears to be making the preparations 105 00:05:22,720 --> 00:05:25,680 Speaker 2: for the poisoning. She's seen looking around casually approaches her 106 00:05:25,720 --> 00:05:29,120 Speaker 2: opponent's table before taking something from her bag, seemingly a 107 00:05:29,200 --> 00:05:33,040 Speaker 2: vile and smearing its contents on Osmanov's board and some 108 00:05:33,120 --> 00:05:36,400 Speaker 2: of her pieces. Now, Miss Osmanov suffered severe dizziness and 109 00:05:36,480 --> 00:05:39,920 Speaker 2: nausea soon after the game began, required medical attention. A 110 00:05:40,040 --> 00:05:42,240 Speaker 2: judge from the tournament reported the incident to police, with 111 00:05:42,320 --> 00:05:47,920 Speaker 2: CCTV footage confirming that a backerover had been present. Cracking story. 112 00:05:48,120 --> 00:05:50,120 Speaker 1: It certainly is there. We go the top five business 113 00:05:50,160 --> 00:05:52,680 Speaker 1: stories in five minutes. Thank you Sean, Thank you Michael. 114 00:05:52,880 --> 00:05:55,200 Speaker 1: It is Monday, the twelfth of August twenty twenty four. 115 00:05:55,279 --> 00:05:57,160 Speaker 1: Remember to hit follow on the podcast and in five 116 00:05:57,200 --> 00:05:59,440 Speaker 1: minutes isn't enough. We can find our longer daily show 117 00:05:59,480 --> 00:06:02,440 Speaker 1: called Fear and Greed wherever you listen to. Podcasts are 118 00:06:02,480 --> 00:06:04,760 Speaker 1: Michael Thompson and that was the Past by Business News 119 00:06:04,760 --> 00:06:08,839 Speaker 1: by Fear and Greed. Have a great day.