1 00:00:05,240 --> 00:00:09,000 Speaker 1: Hello, Welcome to the update. I'm Michelle Stephenson. All the 2 00:00:09,000 --> 00:00:13,160 Speaker 1: Treasurer says the latest GDP figures are very positive. Latest 3 00:00:13,200 --> 00:00:16,000 Speaker 1: stats show Australia's economy grew two point one percent over 4 00:00:16,000 --> 00:00:20,120 Speaker 1: the year two September, which is slightly below market expectations. 5 00:00:20,440 --> 00:00:23,840 Speaker 1: Jim Chalmers says a few factors detracted from the growth figure. 6 00:00:23,960 --> 00:00:26,680 Speaker 2: The reason the quarterly numbers come in a touch below 7 00:00:26,720 --> 00:00:30,240 Speaker 2: expectations is because they revised up the quarter before and 8 00:00:30,280 --> 00:00:33,839 Speaker 2: there were changes in inventories which detracted a little bit 9 00:00:33,840 --> 00:00:38,720 Speaker 2: from growth. But overwhelmingly this is a very positive, very 10 00:00:38,720 --> 00:00:39,960 Speaker 2: promising set of numbers. 11 00:00:40,159 --> 00:00:43,520 Speaker 1: But Shadow Treasurer Tet O'Brien argues the numbers don't paint 12 00:00:43,600 --> 00:00:44,720 Speaker 1: a rosy picture. 13 00:00:44,600 --> 00:00:47,720 Speaker 3: Australians going towards Christmas. They want to know that the 14 00:00:47,920 --> 00:00:52,800 Speaker 3: economy is getting stronger. All they see here is government 15 00:00:53,040 --> 00:00:57,520 Speaker 3: growth of spending growing faster than the economy itself. That 16 00:00:57,680 --> 00:00:59,480 Speaker 3: is not real economic growth. 17 00:00:59,600 --> 00:01:02,800 Speaker 1: The Bank has signaled interest rates it could rise next 18 00:01:02,880 --> 00:01:06,600 Speaker 1: year if inflation shows no sign of easing. Latest data 19 00:01:06,640 --> 00:01:10,040 Speaker 1: shows consumer prices creeping back up. Next week, the RBA 20 00:01:10,120 --> 00:01:12,759 Speaker 1: will hold its last board meeting of the year, which 21 00:01:12,800 --> 00:01:15,840 Speaker 1: is likely to see rates remain on hold, but Governor 22 00:01:15,880 --> 00:01:18,839 Speaker 1: Michelle Bullock is told of parliamentary hearing she'll be keeping 23 00:01:18,920 --> 00:01:20,959 Speaker 1: a close eye on future economic data. 24 00:01:21,160 --> 00:01:24,000 Speaker 4: Have we got it sustainably back in the band and 25 00:01:24,040 --> 00:01:26,640 Speaker 4: to the midpoint as yet? No, I would have to 26 00:01:26,680 --> 00:01:30,039 Speaker 4: say we have it. If it's a lot of it's temporary, 27 00:01:30,040 --> 00:01:31,240 Speaker 4: we can look through it. 28 00:01:31,520 --> 00:01:32,319 Speaker 3: If it's not and. 29 00:01:32,319 --> 00:01:35,760 Speaker 4: It's more persistent, then that's suggesting it to us that 30 00:01:35,800 --> 00:01:38,240 Speaker 4: the demand pressures us are persisting. 31 00:01:38,800 --> 00:01:42,000 Speaker 1: Bruce Lehman may be taking his case to the High 32 00:01:42,040 --> 00:01:45,479 Speaker 1: Court after failing to overturn his defamation loss with Network ten. 33 00:01:45,840 --> 00:01:48,920 Speaker 1: The Federal Court has dismissed his appeal, upholding the finding that, 34 00:01:49,000 --> 00:01:51,840 Speaker 1: on the balance of probabilities, he raped Britney Higgins at 35 00:01:51,880 --> 00:01:55,320 Speaker 1: Parliament House. Well children are said to get their first 36 00:01:55,360 --> 00:01:58,360 Speaker 1: taste of the social media ban from tomorrow when Matter 37 00:01:58,400 --> 00:02:01,400 Speaker 1: shuts down the Facebook and Instagram account of underage users. 38 00:02:01,560 --> 00:02:04,160 Speaker 1: At least half a million accounts held by under sixteens 39 00:02:04,200 --> 00:02:07,560 Speaker 1: will be closed down between now and next Wednesday, when 40 00:02:07,600 --> 00:02:11,400 Speaker 1: the Federal government's new age limits come into effect, and 41 00:02:11,600 --> 00:02:13,959 Speaker 1: the search for the missing Malaysia Airlines Flight m A 42 00:02:14,080 --> 00:02:17,239 Speaker 1: three seventy will officially resume this month. This new deep 43 00:02:17,320 --> 00:02:21,040 Speaker 1: sea operation begins December thirty, over eleven years after the 44 00:02:21,080 --> 00:02:25,360 Speaker 1: plane vanished. In twenty fourteen. US robotic company Ocean Infinity 45 00:02:25,440 --> 00:02:27,760 Speaker 1: is confirmed to be conducting the fifty day search of 46 00:02:27,840 --> 00:02:32,680 Speaker 1: the seabed Sport and Entertainment to next to Sport in Australia. 47 00:02:32,680 --> 00:02:35,639 Speaker 1: Skipper may make an eleventh our appearance in tomorrow's second 48 00:02:35,680 --> 00:02:38,640 Speaker 1: Ashes test. Standing Captain Steve Smith has refused to be 49 00:02:38,720 --> 00:02:41,240 Speaker 1: drawn on the final makeup of the eleven, but says 50 00:02:41,240 --> 00:02:44,720 Speaker 1: Pat Cummins look sharp at training. In Entertainment News Now 51 00:02:44,720 --> 00:02:47,519 Speaker 1: and Miley Cyrus has broken her silence after news of 52 00:02:47,560 --> 00:02:51,280 Speaker 1: her engagement to Max Morando were confirmed, the singer admitting 53 00:02:51,400 --> 00:02:53,880 Speaker 1: she's astounded they've been able to keep most of the 54 00:02:53,919 --> 00:02:56,679 Speaker 1: details out of the public eye, adding the privacy is 55 00:02:56,800 --> 00:02:59,720 Speaker 1: key now that she's a little older. Well. Kim Kardashian 56 00:02:59,800 --> 00:03:03,480 Speaker 1: is it online over her Christmas decorations, with many slamming 57 00:03:03,480 --> 00:03:06,440 Speaker 1: the star as being over the top. The Skims owner 58 00:03:06,480 --> 00:03:10,000 Speaker 1: shared videos of a new holiday dacorps, which included dozens 59 00:03:10,080 --> 00:03:13,960 Speaker 1: of illuminated Christmas trees in faux snow, and Sidney Sweeney 60 00:03:14,000 --> 00:03:16,480 Speaker 1: has turned heads in an Aussie designed dress appearing on 61 00:03:16,520 --> 00:03:19,440 Speaker 1: the tonight show Jimmy Fallon, the actress picking a satin 62 00:03:19,520 --> 00:03:22,639 Speaker 1: midi by Alex Perry for her TV appearance to promote 63 00:03:22,639 --> 00:03:25,720 Speaker 1: her upcoming film, The Housemaid. That's the latest from the 64 00:03:25,760 --> 00:03:27,760 Speaker 1: Never Podcast News Tim Love another episode of the Update 65 00:03:27,760 --> 00:03:29,400 Speaker 1: for you tomorrow. I'm Michelle Stevenson.