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Speaker 1: Welcome to the weekend edition of The Fast Five Business

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Speaker 1: News by Fear and Greed. I'm Michael Thompson and hello

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Speaker 1: Sean Aylmer, Hi Michael sewn. On weekdays, it's all about

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Speaker 1: the Fast five, the top five business stories in five

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Speaker 1: minutes on the weekend, though we still keep it to

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Speaker 1: five minutes. But we're going to pick out the biggest

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Speaker 1: business story of the week, the most remarkable business story,

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Speaker 1: a sleeper story, one that's flying under the radar a

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Speaker 1: little bit, and then our favorite business ish story. So

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Speaker 1: let's jump into it. What was the biggest business story

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Speaker 1: of the week. Do you think for me?

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Speaker 2: Reporting seasons, some good results come well, thank JB. High Fight,

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Speaker 2: some great results, the Gold companies, Northern Star, Evolution Mining,

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Speaker 2: some slightly disappointing results, iag Promedicus. But the theme that

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Speaker 2: came through a bunch of companies and Cell Macquarie did it,

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Speaker 2: CSL did it. The impact of Donald Trump on these companies,

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Speaker 2: it's happening. CSL has a big vaccine business in the US.

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Speaker 2: The new head of the Department of Health, Robert Kennedy Junior,

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Speaker 2: doesn't believe in vaccinations that ain't helping CSL tariff's ansel.

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Speaker 2: They said they will actually lift up prices to get

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Speaker 2: through that. It is a really interesting reporting season, but

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Speaker 2: particularly because of these external influences i e. Donald Trump

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Speaker 2: that we're seeing at the moment.

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Speaker 1: What about you, Michael, Look, my biggest story was Donald Trump,

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Speaker 1: and it was the fact that the tariff debarcle just

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Speaker 1: keeps going and Australia got dragged into it this week

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Speaker 1: when Trump announced a tariff on all steel and aluminium

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Speaker 1: products from everyone worldwide and had Anthony Obineasy on the

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Speaker 1: phone asking for an exemption based on our strong relationship

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Speaker 1: and our trade ties. And what happened then later in

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Speaker 1: the week was that Trump came out and said that

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Speaker 1: really tariffs are going to be assessed here now on

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Speaker 1: a country by country basis. They're going to base it

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Speaker 1: on a whole bunch of different things, including trade deficits.

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Speaker 1: What it all means in the end, Sean, is that

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Speaker 1: there is a great deal of uncertainty once again in

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Speaker 1: global trade. And what this means for individual countries and

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Speaker 1: individual businesses that are affected by that.

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Speaker 2: Who knows, incredible, Michael. What was your most remarkable story?

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Speaker 1: Most remarkable, Sean? It had some examples this week of

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Speaker 1: the federal government stepping in to bail out the Bush

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Speaker 1: and it's just I mean, you do see these stories

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Speaker 1: coming up from time to time, but it's just I

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Speaker 1: find it interesting that they both happened in one week.

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Speaker 1: More bank branches in the Bush, increase in funding from

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Speaker 1: the Federal government for Australia post banking operations. It's the

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Speaker 1: bank at Post System, komon Off Bank, NAB Westpac have

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Speaker 1: a deal where you can do kind of withdrawals, deposits,

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Speaker 1: et cetera through Australia Post outlets. A lot of them

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Speaker 1: are in regional areas. That's going to be expanded now

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Speaker 1: to include A and Z and some other banks are

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Speaker 1: also in negotiation to join in because so many bank

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Speaker 1: branches are closing the other part of this story, Shawn

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Speaker 1: the federal government jumping in to help out the Bush

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Speaker 1: Rex that the government actually flagged that they would buy REX,

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Speaker 1: the failed regional airline if a private buyer can't be found.

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Speaker 1: It just shows how important the airline is to linking

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Speaker 1: rural and regional areas. What did you think was remarkable

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Speaker 1: this week?

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Speaker 2: Voyeurism and its finest the housing market Kunak, a nice

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Speaker 2: little property in Tuac in Melbourne sold for a hundred

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Speaker 2: and fifty million dollars. We don't actually know the price,

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Speaker 2: but it's reported to have sold for one hundred and

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Speaker 2: fifty million dollars. Don't know who the buyers are. The

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Speaker 2: sellers Paul Little, he of Toll Holding's Fame, Jane Hansen,

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Speaker 2: Chancellor of UNI of Melbourne. They're married. They've done very well.

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Speaker 2: They bought the pad in fourteen point four fourteen point

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Speaker 2: five million dollars. In two thousand and two they sold

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Speaker 2: it for one hundred and fifty million. Not bad. One

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Speaker 2: point one hectares Paul Cabana Tennis Court Park like gardens,

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Speaker 2: two hundred meter frontage onder Clendon Road. Doesn't get better

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Speaker 2: than that.

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Speaker 1: That is a ripper of a story, Sean, Have you

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Speaker 1: found a sleeper for us one that's maybe flying under

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Speaker 1: the radar?

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Speaker 2: A bit I have. This week we saw the Special

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Speaker 2: Minister of State Don Farrell give a press conference. It

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Speaker 2: was interrupted by Independent Zalie Stegel. The actual press conference

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Speaker 2: was about a neighborhall of election laws. Basically, the independents

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Speaker 2: argue that they won't be able to raise as much

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Speaker 2: money as the major parties under the new laws and

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Speaker 2: the Coalition and Labour got together to pass it. What

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Speaker 2: I think is really interesting about it it shows that

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Speaker 2: whoever wins the next election, in all likelihood it will

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Speaker 2: be a minority government. The Independents are going to have

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Speaker 2: a really big say Zali Stegel has emerged as kind

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Speaker 2: of the leader of the Independence at least the leader

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Speaker 2: of the Teals. And what we're seeing in Parliament now

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Speaker 2: is this incredible influence that the Independence have having and

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Speaker 2: next election is going to be even greater. It's fascinating

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Speaker 2: to watch.

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Speaker 1: Yeah, it certainly is one quick nomination for a Favorite

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Speaker 1: story of the week. It's been a big week for

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Speaker 1: Elon Musk, who just creates headlines with everything that he does.

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Speaker 1: He had one of the stranger press conferences I think

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Speaker 1: we've seen a press conference in the Oval Office next

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Speaker 1: to Trump sitting at the presidential the resolute desk. Elon

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Speaker 1: Musk had his four year old son lil X, playing

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Speaker 1: between them at one point, sitting up on his shoulders

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Speaker 1: while he was there defending his efforts his work with

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Speaker 1: the Department of Government Efficiency and saying that not overstepping

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Speaker 1: the mark, that this is not draconian. This is the

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Speaker 1: agency that has essentially kind of gutted the US AID Department,

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Speaker 1: and he acknowledged in this press conference that some things

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Speaker 1: I say will be incorrect, which is just it's a

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Speaker 1: slightly worrying look when this is the person who is

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Speaker 1: tasked with cutting billions of dollars of government spending and many, many,

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Speaker 1: many jobs as part of that. Also during the week,

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Speaker 1: he was part well actually led a consortium of investors

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Speaker 1: offering ninety seven billion US dollars to buy the nonprofit

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Speaker 1: company that controls open ai, the organization behind chat GPT.

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Speaker 1: That offer was turned down in the most savage way possible,

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Speaker 1: with the founder rejecting the offer on x on Twitter,

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Speaker 1: but offering to buy Elon Musk's social media platform Twitter

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Speaker 1: from him for a fraction of what he paid. All

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Speaker 1: great theater and really just an ongoing headline from Elon Musk.

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Speaker 2: Great story.

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Speaker 1: Indeed, all right, there we go five minutes to pretty

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Speaker 1: much everything you need to know in the world of business.

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Speaker 1: Thank you very much, Sean, thank you, Michael. We'll be

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Speaker 1: back on Monday morning with the top five business stories

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Speaker 1: in five minutes. Don't you get to hit follow and

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Speaker 1: join us online on Instagram TikTok LinkedIn Facebook and x

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Speaker 1: oh Michael Thompson and this is the past five Business

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Speaker 1: news bak Aar and trace

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Speaker 2: H