1 00:00:03,840 --> 00:00:06,920 Speaker 1: It's Monday, the eighth of December twenty twenty five. Welcome 2 00:00:06,960 --> 00:00:09,400 Speaker 1: to the Fast five Business News by Fear and Agreed, 3 00:00:09,440 --> 00:00:11,200 Speaker 1: where we give you the top five business stories you 4 00:00:11,280 --> 00:00:13,600 Speaker 1: need to know in just five minutes. O'm Michael Thompson 5 00:00:13,600 --> 00:00:15,000 Speaker 1: and good morning Sean Aylwer. 6 00:00:15,160 --> 00:00:16,800 Speaker 2: Good morning Michael, Sean. 7 00:00:17,000 --> 00:00:19,119 Speaker 1: Five big stories to get through in just five minutes, 8 00:00:19,120 --> 00:00:22,400 Speaker 1: so we'd better get cracking story number one. The Materials Index, 9 00:00:22,440 --> 00:00:25,320 Speaker 1: including the big miners and the gold companies, has been 10 00:00:25,440 --> 00:00:28,440 Speaker 1: easily the best performer on the AX over the last year, 11 00:00:28,760 --> 00:00:31,760 Speaker 1: while healthcare and the tech indices have been the worst. 12 00:00:32,240 --> 00:00:35,599 Speaker 2: It's a total turnaround from last year when minus outside 13 00:00:35,640 --> 00:00:38,400 Speaker 2: gold couldn't find a friend while tech talks couldn't find 14 00:00:38,400 --> 00:00:40,800 Speaker 2: an enemy. Over the past year, the Materials index on 15 00:00:40,800 --> 00:00:43,120 Speaker 2: the ASEX, which includes the big miners as well as 16 00:00:43,120 --> 00:00:46,360 Speaker 2: the gold company's up twenty one percent, Tech index down 17 00:00:46,479 --> 00:00:48,880 Speaker 2: twenty one percent. Healthcare is off twenty two percent, in 18 00:00:49,000 --> 00:00:52,360 Speaker 2: large part due to ci Cel's demise. Financials driven by 19 00:00:52,360 --> 00:00:55,400 Speaker 2: the big banks, the biggest part of the ASEX two hundred. 20 00:00:55,520 --> 00:00:58,960 Speaker 2: Lackluster year indexes flat comm WEF Bank down three percent 21 00:00:59,320 --> 00:01:01,720 Speaker 2: has weighed on that one. The best performers. They have 22 00:01:01,760 --> 00:01:05,839 Speaker 2: been the gold stocks Regius Resources, Resolute Mining, Genesis, Evolution. 23 00:01:06,000 --> 00:01:08,160 Speaker 2: In fact, eight of the top ten performers so far 24 00:01:08,240 --> 00:01:11,720 Speaker 2: this year on the ASEX two hundred are gold or 25 00:01:11,760 --> 00:01:15,880 Speaker 2: gold related stocks. That's very much thanks to record goal prices. 26 00:01:16,720 --> 00:01:19,520 Speaker 2: The other miners done well to BHP up ten percent, 27 00:01:19,600 --> 00:01:22,679 Speaker 2: Fortes fu Metals Rio both up fifteen percent. Away from gold, 28 00:01:22,959 --> 00:01:25,360 Speaker 2: Harvey Norman's had a cracking year so to challenge at 29 00:01:25,360 --> 00:01:28,639 Speaker 2: Telstra Transurban Group. Best performer, though not on the ASEX 30 00:01:28,640 --> 00:01:32,000 Speaker 2: two hundred Tidlar gold tidler called Dateline Resources. I have 31 00:01:32,080 --> 00:01:34,840 Speaker 2: the past twelve months up eight thousand, two hundred and 32 00:01:34,880 --> 00:01:36,080 Speaker 2: thirty three percent. Michael. 33 00:01:36,720 --> 00:01:38,720 Speaker 1: That's not bad, is it. What about the flip side though, 34 00:01:38,760 --> 00:01:40,920 Speaker 1: the worst performing stocks over the last year. 35 00:01:41,280 --> 00:01:43,959 Speaker 2: This is getting really interesting because many of the worst 36 00:01:43,959 --> 00:01:47,720 Speaker 2: performers are actually well known companies. So the worst performers 37 00:01:48,200 --> 00:01:51,200 Speaker 2: Plumbing Group, REEF maybe less known. It's Treasury, Wine Estate, 38 00:01:51,240 --> 00:01:54,760 Speaker 2: Squisminy Gomez, James Hardy, Weistek, Global, Premiere Investments. A bunch 39 00:01:54,800 --> 00:01:58,400 Speaker 2: of reasons for that poor performance, valuation, selling off of assets. 40 00:01:58,400 --> 00:02:00,920 Speaker 2: But I can't remember a year and the worst six 41 00:02:01,040 --> 00:02:03,120 Speaker 2: socks on the ASX two hundred. The six I just 42 00:02:03,200 --> 00:02:07,920 Speaker 2: mentioned were household names. The worst twenty five includes Domino, Cslria, 43 00:02:08,040 --> 00:02:11,680 Speaker 2: Flight Center, Goodman Group. Amazing how many high profile companies 44 00:02:11,680 --> 00:02:13,560 Speaker 2: have done poorly over the past twelve months. 45 00:02:13,840 --> 00:02:16,600 Speaker 1: Yeah, all right on destorying number two now, and the 46 00:02:16,680 --> 00:02:19,360 Speaker 1: housing auction market has been given a bit of a 47 00:02:19,520 --> 00:02:22,400 Speaker 1: taste of what higher interest rates might do, with the 48 00:02:22,440 --> 00:02:26,040 Speaker 1: preliminary auction clearance rate falling to its lowest point in 49 00:02:26,040 --> 00:02:26,720 Speaker 1: a year. 50 00:02:26,800 --> 00:02:29,400 Speaker 2: With expectations growing that the Reserve Bank has stopped cutting 51 00:02:29,440 --> 00:02:31,839 Speaker 2: rates and fears that it may lift borrow will cost 52 00:02:32,120 --> 00:02:34,919 Speaker 2: next year, the market, which had had a pretty good spring, 53 00:02:35,320 --> 00:02:37,040 Speaker 2: hit a wall and they will find out more about 54 00:02:37,080 --> 00:02:39,320 Speaker 2: that tomorrow when the Reserve Bank Board meets and we 55 00:02:39,400 --> 00:02:42,519 Speaker 2: find out what they're thinking on interest rates. Just sixty 56 00:02:42,560 --> 00:02:44,200 Speaker 2: three and a half percent of homes that went to 57 00:02:44,280 --> 00:02:47,360 Speaker 2: auction over the sixty three and a half percent sorry 58 00:02:47,400 --> 00:02:49,919 Speaker 2: that went to auction over the across the capitals last 59 00:02:49,960 --> 00:02:52,680 Speaker 2: week were bored down from sixty eight point three percent 60 00:02:52,680 --> 00:02:55,280 Speaker 2: a week earlier and well over seventy percent last month. 61 00:02:55,280 --> 00:02:58,840 Speaker 2: Sydney's result was particularly poor. Melbourne was okay, about sixty 62 00:02:58,840 --> 00:03:01,760 Speaker 2: six percent. Adelaide was down from normal volumes will lower. 63 00:03:02,120 --> 00:03:05,799 Speaker 2: They will keep tracking down until February. According to Catality. 64 00:03:05,840 --> 00:03:10,239 Speaker 1: Story number three, Communications Minister Anika Wells is really under 65 00:03:10,240 --> 00:03:12,919 Speaker 1: the garden over her use of public funds to take 66 00:03:12,960 --> 00:03:15,640 Speaker 1: trips locally and abroad, but she does insist that she 67 00:03:15,840 --> 00:03:17,760 Speaker 1: was working hard on all the trips. 68 00:03:18,160 --> 00:03:20,840 Speaker 2: Even the Prime Minister Anthony Albanezi, fresh from his honeymoon, 69 00:03:20,960 --> 00:03:23,960 Speaker 2: has been forced to defend her travel expenses. Wells has 70 00:03:23,960 --> 00:03:26,400 Speaker 2: been under scrutiny since the cost of the trip of 71 00:03:26,480 --> 00:03:28,359 Speaker 2: a trip to New York for her and two staff 72 00:03:28,360 --> 00:03:30,560 Speaker 2: has came in at one hundred thousand dollars. Then there 73 00:03:30,600 --> 00:03:32,720 Speaker 2: were reports she flew to Europe three times in twenty 74 00:03:32,720 --> 00:03:35,080 Speaker 2: twenty three twenty twenty four at cost of almost one 75 00:03:35,160 --> 00:03:38,560 Speaker 2: hundred and twenty thousand dollars. The Australian Financial Review reported 76 00:03:38,600 --> 00:03:42,240 Speaker 2: an Adelaide trip that included friend's birthday three six hundred 77 00:03:42,240 --> 00:03:45,960 Speaker 2: and eighty one dollars that was flights, hotels, chaff driven's transport. Yesterday, 78 00:03:46,000 --> 00:03:48,880 Speaker 2: The Age and Sidney Morning Herald said she pay bill 79 00:03:48,960 --> 00:03:52,400 Speaker 2: taxpayers thirteen to eighty nine for her husband and two 80 00:03:52,400 --> 00:03:54,200 Speaker 2: of her three children to join her on a work 81 00:03:54,280 --> 00:03:58,120 Speaker 2: trip to the threadboat Skifels now Wells insisted she's worked 82 00:03:58,120 --> 00:04:00,240 Speaker 2: hard on all the trips and they're all necessary, alb 83 00:04:00,280 --> 00:04:02,320 Speaker 2: and easy sort of back to at least in terms 84 00:04:02,320 --> 00:04:05,360 Speaker 2: of the New York trip pub test Sa Michael. It 85 00:04:05,720 --> 00:04:07,280 Speaker 2: just doesn't look real good. 86 00:04:07,840 --> 00:04:10,480 Speaker 1: No, I don't think it does. Story number four. The 87 00:04:10,600 --> 00:04:13,120 Speaker 1: Defense Department Sean, what do you make of this one? 88 00:04:13,160 --> 00:04:18,240 Speaker 1: Has urged the public to stay alert to unexploded ordnance devices, 89 00:04:18,360 --> 00:04:20,320 Speaker 1: some of which will date back to World War Two. 90 00:04:20,760 --> 00:04:24,839 Speaker 2: In anatas late last week, Defense said unexploded ordnance devices 91 00:04:24,920 --> 00:04:27,760 Speaker 2: continue to pose a risk to the communities around Australia, 92 00:04:27,760 --> 00:04:31,200 Speaker 2: particularly when disturbed or moved. Most commonly found on or 93 00:04:31,279 --> 00:04:34,320 Speaker 2: near former defense sites and demolition ranges, they can also 94 00:04:34,320 --> 00:04:36,279 Speaker 2: be watched up on beaches. The warning comes as summer 95 00:04:36,279 --> 00:04:40,640 Speaker 2: holidays begin. Defense wants people to be particularly careful in 96 00:04:40,680 --> 00:04:44,200 Speaker 2: areas with a history of military activity or following storms. 97 00:04:44,320 --> 00:04:47,239 Speaker 2: Defense has responded to over four hundred and fifty calls 98 00:04:47,640 --> 00:04:51,240 Speaker 2: regarding unexploded ordnance devices this year, which I think is 99 00:04:51,320 --> 00:04:54,760 Speaker 2: quite extraordinary. Of course, we're talking about shells, grenades, bombs, 100 00:04:54,760 --> 00:04:58,920 Speaker 2: and other military munitions that basically didn't go off as intended. 101 00:04:58,920 --> 00:05:02,279 Speaker 1: When deployed last one story number five. This is a 102 00:05:02,279 --> 00:05:04,560 Speaker 1: big one to finish on Sean. Netflix is set to 103 00:05:04,560 --> 00:05:07,840 Speaker 1: buy Warner Brothers in an eighty three billion US dollar deal, 104 00:05:07,920 --> 00:05:11,680 Speaker 1: beating out Comcast and Paramount and demonstrating just how much 105 00:05:11,720 --> 00:05:13,279 Speaker 1: Hollywood and big tech emerging. 106 00:05:13,520 --> 00:05:17,000 Speaker 2: The deal represents a dramatic plot twist four Netflix, which 107 00:05:17,160 --> 00:05:20,440 Speaker 2: rewrote the Hollywood script, really upending how and when consumers 108 00:05:20,480 --> 00:05:23,560 Speaker 2: watch movies and television shows. Suddenly it's become the thing 109 00:05:23,720 --> 00:05:27,120 Speaker 2: it disrupted a mainstream studio, Netflix, which has spent a 110 00:05:27,160 --> 00:05:31,279 Speaker 2: decade developing such original series as Stranger Things, Bridging and 111 00:05:31,440 --> 00:05:34,480 Speaker 2: the film K Pop Demon Hunters. It will gain access 112 00:05:34,520 --> 00:05:38,160 Speaker 2: to Warner Brothers trove of content. We're talking Game of Thrones, 113 00:05:38,160 --> 00:05:42,040 Speaker 2: Harry Potter, DC Comics, roster of superheroes. According to rud Is, 114 00:05:42,080 --> 00:05:44,799 Speaker 2: it still needs regulatory approval the lots of debt involved. 115 00:05:44,839 --> 00:05:47,719 Speaker 2: Isn't quite clear where the synergies are, particularly because until 116 00:05:47,760 --> 00:05:51,880 Speaker 2: now Netflix has been a builder, not a buyer of content. 117 00:05:52,000 --> 00:05:55,000 Speaker 2: And they're actually the words of CEO Greg Peters, but 118 00:05:55,160 --> 00:05:58,120 Speaker 2: the intent is definitely there, so it's pretty unclear what 119 00:05:58,120 --> 00:06:01,839 Speaker 2: it means for cinema goers. For cinema companies now that 120 00:06:02,000 --> 00:06:05,480 Speaker 2: Netflix is going to own the movie making company. 121 00:06:05,960 --> 00:06:07,840 Speaker 1: All right, there we go to the top five business 122 00:06:07,880 --> 00:06:10,320 Speaker 1: stories in five minutes. Thank you Sean, Thank you Michael. 123 00:06:10,560 --> 00:06:13,520 Speaker 1: It's Monday, the eighth of December twenty twenty five. Remember 124 00:06:13,560 --> 00:06:16,239 Speaker 1: the hit follow on the podcast And if five minutes 125 00:06:16,400 --> 00:06:18,760 Speaker 1: just isn't enough, you can find our longer daily show 126 00:06:18,839 --> 00:06:21,880 Speaker 1: called Fear and Greed wherever you listen to podcasts. I'm 127 00:06:21,880 --> 00:06:24,160 Speaker 1: Michael Thompson and that was the fast five business news 128 00:06:24,160 --> 00:06:28,840 Speaker 1: by Fear and Greed. Have a great day.