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Speaker 1: It's Monday, the thirty first of March 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: 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. Good morning Michael, Sean. Five stories,

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Speaker 1: five minutes. Let's go story number one. Three days into

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Speaker 1: the election campaign and it's been all about the cost

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Speaker 1: of living crisis. We've got the leaders criss crossing the country.

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Speaker 1: It is on it is.

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Speaker 2: The Prime Minister was in Queensland on Saturday, Canberra most

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Speaker 2: of yesterday. The big pledge over the weekend was to

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Speaker 2: outlaw supermarket price gouging if re elected. Now the government

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Speaker 2: will adopt recommendations of the Competition watchdogs inquiry into Woolies

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Speaker 2: and Coals. That inquiry couldn't conclude that they were price gouging,

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Speaker 2: but the government wants to establish a task force to

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Speaker 2: advise on excessive pricing and it will be pleased by

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Speaker 2: the ah triable seed. The focus on grocery prices comes

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Speaker 2: as a survey from Compare to Market puts supermarket prices

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Speaker 2: as the most important cost of living issue. To be addressed.

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Speaker 2: Petty Dutton was in his own home state of Queensland

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Speaker 2: as well, visiting a brewery in Brisbane. Then he headed

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Speaker 2: to Sydney Cay City. Given the large number of suburban

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Speaker 2: electorates in that city, he pushed the line that Australians

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Speaker 2: can't trust labor to manage the economy. Many of the

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Speaker 2: opposition policies are yet to be released, but they have

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Speaker 2: been probable, the oppositions promising they will arrive soon. One

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Speaker 2: thing to note, both parties suffered security breaches over the

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Speaker 2: weekend gate crashes basically. In one instance, Home Affairs Minister

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Speaker 2: Tony Burke had to be ushered off stage. Let's say

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Speaker 2: we don't get too many security security breaches during the campaign.

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Speaker 1: Yeah, absolutely, very quickly, Sean, It's worth a mention of

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Speaker 1: some of the stats on this because this is the

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Speaker 1: largest federal election.

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Speaker 2: Ever, seven hundred and ten thousand, more people on the

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Speaker 2: roll than twenty twenty two. You've got a week to

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Speaker 2: enroll if you haven't. Last election, ninety seven point eight

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Speaker 2: percent of registered voters went to the pole, huge thanks

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Speaker 2: to compulsory voting. Of course, the election day three May,

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Speaker 2: there'll be seven thousand poles, one hundred thousand staff, two,

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Speaker 2: one hundred and forty thousand vests, two hundred and fifty

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Speaker 2: thousand pencils, eighty thousand ballot boxes and one point four

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Speaker 2: million security sales.

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Speaker 1: Yeah, just huge, okay. Story number two. The busiest week

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Speaker 1: of home auctions has been since the last week of

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Speaker 1: October of last year. The preliminary clearance rate, though, came

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Speaker 1: in at a relatively low sixty six point one percent Shawn.

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Speaker 2: So these early clearance rates are back down to the

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Speaker 2: level of before the last interest rate cuts, suggesting the

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Speaker 2: bump in the market might be short lived. What's noticeable

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Speaker 2: is that for a few weeks now Melbourne's preliminary clearance

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Speaker 2: rate has been above Sydney's, very unlike last year. Now Sydney.

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Speaker 2: Six weeks ago Sydney was at about seventy six point

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Speaker 2: six percent. Last week was just sixty five point five percent.

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Speaker 2: According to core Logic, Melbourne house prices are definitely rising

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Speaker 2: faster than Sydney's, again unlike last year. In the smaller capitals,

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Speaker 2: Adelaide leads the way in terms of clearance rates, very

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Speaker 2: much like last year, followed by Brisbane and Canberra.

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Speaker 1: Story number three bit of media news shown. The two

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Speaker 1: hundred million dollar expand of Sydney radio into the Melbourne

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Speaker 1: market appears to be failing, you would say, perhaps, with

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Speaker 1: ARN Media's Kyle and Jackie oshow again rating Paul in

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Speaker 1: the first radio ratings result of.

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Speaker 2: The year, a five million dollar price giveaway and more

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Speaker 2: Victorian centric segments failed to move the needle, with the

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Speaker 2: show getting just five point one percent of the Melbourne market.

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Speaker 2: That's about four hundred and fifty thousand people. And the

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Speaker 2: media company ARN signed Kyle Sandalans and Jackie Ohanderson to

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Speaker 2: a new ten year contract last year. They're on Kiss

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Speaker 2: FM and Sydney expanded to Melbourne. Kiss has lost tens

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Speaker 2: of thousands of Melbourne listeners since. In terms of the

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Speaker 2: ratings themselves, Aarn's gold when a four point three breakfast show,

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Speaker 2: it leads the FM band in Melbourne, three aw leads

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Speaker 2: the AM brand and actually overall it has twenty point

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Speaker 2: six percent of the listening audience.

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Speaker 1: In Sydney.

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Speaker 2: Sandalans and Henderson on Kiss are dominant in the FM,

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Speaker 2: but on in AM two GBS, ben Fordham was on

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Speaker 2: top with fourteen point four percent market share.

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Speaker 1: Story number four. This is quite extraordinary. The Trump administration

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Speaker 1: has sent a letter to some large companies in the

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Speaker 1: European Union SEAN warning them to comply with an executive

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Speaker 1: order out of the US banning diversity, equity and inclusion programs.

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Speaker 2: The letters, sent by the American embassy in Paris and

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Speaker 2: others around the EU, said that Donald Trump's executive order

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Speaker 2: applied to companies outside the US if they are a

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Speaker 2: supplier or service provider to the American government according to THEFT.

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Speaker 2: The embassy's also sent a questionnaire that ordered the companies

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Speaker 2: to attest to their compliance. The letter was also sent

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Speaker 2: out by US diplomats in eastern EU states. In Belgium,

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Speaker 2: in a statement, the French Foreign Trade Minister said, and

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Speaker 2: I quote, American interference in the inclusion policies of French companies,

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Speaker 2: such as threats of unjustified tariffs, is unacceptable.

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Speaker 1: Last one story number five scientists have built a tiny

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Speaker 1: gut Explorer robot to detect and potentially treat bowel cancer

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Speaker 1: in the latest advance in the fast evolving field of

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Speaker 1: medical robotics. Just wow.

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Speaker 2: This is a just wow. The machine makes three D

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Speaker 2: scans the colon that were previously impossible using its muscles

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Speaker 2: shell like shape to roll through the digestive system when

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Speaker 2: guided by a magnet outside the body. The innovation could

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Speaker 2: boost detection of bowel cancer, which is tradable in its

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Speaker 2: early stages, but is the second biggest cause of deaths worldwide,

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Speaker 2: according to the FT. Developers that Leeds, Glasgow and Edinburgh

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Speaker 2: Universities hope to launch human trials of the coin sized

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Speaker 2: robot next year after successfully testing it on pigs. The

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Speaker 2: machine is three D printed from resin in a shape

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Speaker 2: known as the Olloyd oelid, which allows a wide range

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Speaker 2: of movement and contact with surfaces.

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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. Thank you Sean, Thank you Michael. It

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Speaker 1: is Monday, the thirty first of March twenty twenty five.

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

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Speaker 1: isn't enough. You can find our longer daily show called

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Speaker 1: Fear and Greed whereever you listen to podcasts. I'm Michael

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Speaker 1: Thompson and that was the fast five business news by

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Speaker 1: Fear and Greed. Have a great day.