1 00:00:03,960 --> 00:00:07,400 Speaker 1: It's Wednesday, seventeenth of December twenty twenty five. Welcome to 2 00:00:07,440 --> 00:00:10,000 Speaker 1: the Fast five Business News by Fear and Greed, where 3 00:00:10,000 --> 00:00:11,800 Speaker 1: we give you the top five business stories you need 4 00:00:11,840 --> 00:00:14,000 Speaker 1: to know in just five minutes. Are Michael Thompson and 5 00:00:14,040 --> 00:00:15,280 Speaker 1: Good morning, Sean Aylmer. 6 00:00:15,440 --> 00:00:16,720 Speaker 2: Good morning, Michael. 7 00:00:16,840 --> 00:00:19,880 Speaker 1: Sean Five stories, five minutes. Let's go a story number one. 8 00:00:20,120 --> 00:00:23,520 Speaker 1: The attack on Bondi Beach on Sunday appears to have 9 00:00:23,560 --> 00:00:27,240 Speaker 1: been inspired by terrorist group Islamic States. According to Prime 10 00:00:27,240 --> 00:00:29,040 Speaker 1: Minister Anthony Albanezi. 11 00:00:28,880 --> 00:00:31,560 Speaker 2: The two gunmen traveled to the Philippines, known as a 12 00:00:31,600 --> 00:00:34,479 Speaker 2: home to extremest groups, a month before they staged the 13 00:00:34,520 --> 00:00:38,240 Speaker 2: Bondai massacre. In their vehicle on Sunday, police found two 14 00:00:38,280 --> 00:00:43,920 Speaker 2: homemade ISIS flags and IED's. Australian Federal Police Commissioner Chrissy 15 00:00:44,040 --> 00:00:47,040 Speaker 2: Barrett said an AFP investigation had found the massacre was 16 00:00:47,040 --> 00:00:50,000 Speaker 2: the alleged actions of those who have aligned themselves with 17 00:00:50,040 --> 00:00:53,640 Speaker 2: the terrorist organization, not a religion. She said there was 18 00:00:53,680 --> 00:00:56,240 Speaker 2: no third gunman and it appears that the alleged killers 19 00:00:56,240 --> 00:00:59,400 Speaker 2: were only interested in a death tally. Like October seven, 20 00:00:59,440 --> 00:01:01,840 Speaker 2: twenty twenty sh the federal government. 21 00:01:02,040 --> 00:01:05,399 Speaker 1: Sean is under pressure now at home and from abroad 22 00:01:05,440 --> 00:01:08,320 Speaker 1: to do more than introduce tougher gun laws. There are 23 00:01:08,319 --> 00:01:12,080 Speaker 1: widespread calls to crack down on antisemitism and a flood 24 00:01:12,120 --> 00:01:15,040 Speaker 1: of criticism of Anthony Albernezi, with claims that he hasn't 25 00:01:15,040 --> 00:01:15,640 Speaker 1: done enough. 26 00:01:16,280 --> 00:01:20,839 Speaker 2: The federal government's own antisemitism Envoy Gillian Siegel has urged 27 00:01:20,840 --> 00:01:23,800 Speaker 2: the government to deal with the underlying cause of anti Semitism, 28 00:01:23,880 --> 00:01:26,319 Speaker 2: calling for action rather than just saying let's come together. 29 00:01:26,560 --> 00:01:29,480 Speaker 2: She said the Alberzi government could have acted further and 30 00:01:29,520 --> 00:01:33,000 Speaker 2: faster to prevent anti semitism from Prime Minister John Howard 31 00:01:33,080 --> 00:01:36,240 Speaker 2: visited the site yesterday, said the government's antagonistic behavior towards 32 00:01:36,319 --> 00:01:39,920 Speaker 2: Jewish community had led to the spread of anti Semitism, 33 00:01:39,959 --> 00:01:42,280 Speaker 2: and he said it was the first responsibility of a 34 00:01:42,280 --> 00:01:46,319 Speaker 2: prime minister to protect Australian's domestically. There were more extreme 35 00:01:46,400 --> 00:01:49,120 Speaker 2: views on migration and the performance of Albernesi, pushed by 36 00:01:49,200 --> 00:01:53,200 Speaker 2: Queensland MP Bob catter One, Nation's Paul land Hansen and 37 00:01:53,240 --> 00:01:54,280 Speaker 2: Barnaby Joyce. 38 00:01:54,680 --> 00:01:57,640 Speaker 1: Okay to other news Now story number two. A surge 39 00:01:57,720 --> 00:02:02,120 Speaker 1: in consumer confidence has proven short lived, with sentiment tumbling 40 00:02:02,440 --> 00:02:04,800 Speaker 1: as expectations of rate cuts have receded. 41 00:02:05,200 --> 00:02:08,760 Speaker 2: The Westpac Melbourne Institute reading surged last month, but now 42 00:02:08,800 --> 00:02:11,280 Speaker 2: it's back to ninety four point five points. That means 43 00:02:11,280 --> 00:02:13,680 Speaker 2: more pessimists than optimists, although the number is higher than 44 00:02:13,680 --> 00:02:16,200 Speaker 2: twelve months ago. If consumers a confident, they tend to 45 00:02:16,200 --> 00:02:19,280 Speaker 2: spend more money. Good for the economy now A few 46 00:02:19,520 --> 00:02:22,840 Speaker 2: readings that are very important. Basically, is now a good 47 00:02:22,880 --> 00:02:26,600 Speaker 2: time to buy a major household item? That tumbled that one? 48 00:02:26,919 --> 00:02:28,440 Speaker 2: What about is now a good time to buy a 49 00:02:28,480 --> 00:02:32,440 Speaker 2: dwelling that fell as well? Presumably reflecting interest rates. All 50 00:02:32,480 --> 00:02:34,960 Speaker 2: in all, that declined this month reflects a much more 51 00:02:34,960 --> 00:02:36,600 Speaker 2: subdued outlook for the economy. 52 00:02:37,080 --> 00:02:40,800 Speaker 1: Story Number three. Google is testing home for sale ads 53 00:02:40,840 --> 00:02:44,000 Speaker 1: at the top of search results, effectively becoming an online 54 00:02:44,040 --> 00:02:46,800 Speaker 1: real estate agency, a decision which has sent the share 55 00:02:46,840 --> 00:02:48,919 Speaker 1: price of online property groups lower. 56 00:02:49,400 --> 00:02:53,280 Speaker 2: Yes, so US online estate agents share prices fell, but 57 00:02:53,360 --> 00:02:56,080 Speaker 2: so did the local operators Aria dot Com for example, 58 00:02:56,080 --> 00:02:58,720 Speaker 2: tumble three percent in the US. At least. Google's real 59 00:02:58,800 --> 00:03:02,280 Speaker 2: estate listing test includes details such as the number of bedrooms, 60 00:03:02,360 --> 00:03:06,200 Speaker 2: bathroom square footage, when a ham was built, available parking, 61 00:03:06,280 --> 00:03:09,720 Speaker 2: everything you'd expect each listing also features the option to 62 00:03:10,040 --> 00:03:13,560 Speaker 2: directly reach out to a real estate agent. Users can 63 00:03:13,560 --> 00:03:16,160 Speaker 2: schedule a call with the agent directly on Google's listing. 64 00:03:16,440 --> 00:03:19,040 Speaker 2: Google's got a similar feature for restaurants that allows users 65 00:03:19,040 --> 00:03:22,240 Speaker 2: to book a reservation on the search results page. Just 66 00:03:22,520 --> 00:03:26,960 Speaker 2: is interesting how Google can put its fingers through our 67 00:03:27,040 --> 00:03:28,800 Speaker 2: daily lives so successfully. 68 00:03:29,200 --> 00:03:31,800 Speaker 1: Yeah, indeed, storry number four? What do you make of 69 00:03:31,840 --> 00:03:35,720 Speaker 1: this one? Sean? A ruling granting workers compensation to an 70 00:03:35,720 --> 00:03:38,960 Speaker 1: employee who hurt herself by tripping over a pet fence 71 00:03:39,040 --> 00:03:42,560 Speaker 1: while working from home has been overturned in a judgment 72 00:03:42,640 --> 00:03:47,120 Speaker 1: significantly narrowing employer's liability for remote work accidents. 73 00:03:47,480 --> 00:03:50,040 Speaker 2: Back in September twenty twenty two, while working from home 74 00:03:50,080 --> 00:03:53,240 Speaker 2: and looking after a colleague's puppy, City of Charles Sturt 75 00:03:53,280 --> 00:03:57,080 Speaker 2: worker Lauren Verco tripped over a temporary pet fence she'd 76 00:03:57,120 --> 00:04:00,160 Speaker 2: set up injuring her shoulder and knee during a coffee break. Now, 77 00:04:00,160 --> 00:04:03,120 Speaker 2: the South Australian Employment Tribunal found that her home was 78 00:04:03,160 --> 00:04:06,040 Speaker 2: her workplace, the injury occurred during an authorized break and 79 00:04:06,080 --> 00:04:09,880 Speaker 2: the fence was a physical workplace hazard, meaning her injuries 80 00:04:09,920 --> 00:04:13,320 Speaker 2: arose out of her employment. However, the full bench of 81 00:04:13,320 --> 00:04:16,480 Speaker 2: the essay. Employment Tribunal disagreed, saying the private purpose of 82 00:04:16,520 --> 00:04:19,799 Speaker 2: the fence called into question the accidents connection to her employment. 83 00:04:20,000 --> 00:04:22,560 Speaker 2: The ruling is the highest authority yet in the mostly 84 00:04:22,760 --> 00:04:26,280 Speaker 2: uncharted legal world of work from home accidents, and could 85 00:04:26,279 --> 00:04:31,599 Speaker 2: exclude employers from liability relating to private hazards in remote workers' homes. 86 00:04:32,120 --> 00:04:36,280 Speaker 1: All right, last one story number five. NASDAQ, the tech 87 00:04:36,320 --> 00:04:39,800 Speaker 1: heavy second largest exchange in the US, has asked for 88 00:04:39,920 --> 00:04:44,320 Speaker 1: regulatory approval to trade twenty three hours a day during 89 00:04:44,320 --> 00:04:45,080 Speaker 1: the working week. 90 00:04:45,360 --> 00:04:48,279 Speaker 2: These people never sleep. It's asked the Securities and Exchange 91 00:04:48,279 --> 00:04:52,039 Speaker 2: Commission to add an additional trading session from nine pm 92 00:04:52,400 --> 00:04:55,599 Speaker 2: to four am. That's on top of pre market, regular 93 00:04:55,800 --> 00:04:59,360 Speaker 2: and post market trading times. In a statement, senior vice 94 00:04:59,360 --> 00:05:04,320 Speaker 2: president of North American Markets Chuck Mack said, I quote 95 00:05:04,640 --> 00:05:08,040 Speaker 2: this evolution inflects a simple reality. Global investors expect access 96 00:05:08,080 --> 00:05:10,599 Speaker 2: on their terms in their time zones without compromising trust 97 00:05:10,640 --> 00:05:14,800 Speaker 2: or market integrity. Big implications for the exchanges, including Australia. 98 00:05:14,839 --> 00:05:17,160 Speaker 2: So if nasdag's trading during Australian opening hours, it means 99 00:05:17,200 --> 00:05:20,159 Speaker 2: local traders can bine and sell immediately on the information available, 100 00:05:20,520 --> 00:05:24,440 Speaker 2: rather than having to wait hours to execute orders. New 101 00:05:24,480 --> 00:05:27,280 Speaker 2: York Stock Exchange is also planning to upgrade trading to 102 00:05:27,320 --> 00:05:28,839 Speaker 2: about twenty two hours a day, though it's going to 103 00:05:28,839 --> 00:05:31,440 Speaker 2: be quite there, but really interesting development because suddenly you 104 00:05:31,480 --> 00:05:33,120 Speaker 2: can sit in Australia and trade the nose Dack in 105 00:05:33,200 --> 00:05:33,679 Speaker 2: real time. 106 00:05:34,200 --> 00:05:36,960 Speaker 1: Chuck Mack, what a great All American name. That one 107 00:05:37,080 --> 00:05:40,000 Speaker 1: is absolutely Okay, there we go, the top five business 108 00:05:40,000 --> 00:05:42,520 Speaker 1: stories in five minutes. Thank you, Sean, Thank you Michael. 109 00:05:42,640 --> 00:05:46,200 Speaker 1: It's Wednesday, the seventeenth of December twenty twenty five. Remember 110 00:05:46,200 --> 00:05:48,640 Speaker 1: to hit follow on the podcast. And if five minutes 111 00:05:48,800 --> 00:05:50,920 Speaker 1: just isn't enough, you're going to find our longer daily 112 00:05:50,960 --> 00:05:54,000 Speaker 1: show called Fear and Creed wherever you listen to podcasts. 113 00:05:54,000 --> 00:05:56,119 Speaker 1: I'm Michael Thompson and that was the fast five business 114 00:05:56,160 --> 00:06:01,200 Speaker 1: news by Fear and Creed. Have a great day.