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Speaker 1: Hello, and welcome to the update. I'm to Lisa Rider.

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Speaker 1: The Albanese government has caved into demands from the opposition

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Speaker 1: in a bit to pass legislation forcing the construction arm

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Speaker 1: of the CFMEU into administration. Those demands include a minimum

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Speaker 1: three year period of administration and a permanent ban on

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Speaker 1: corrupt officials. Workplace Minister Murray Wad says it's a significant

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Speaker 1: step forward.

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Speaker 2: The time for corruption, criminality, violence and bikes in Australia's

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Speaker 2: construction union and the industry is coming to an end.

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Speaker 1: The big banks are starting to reduce their term deposit

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Speaker 1: interest rates in anticipation of a rate cut from the RBA.

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Speaker 1: Commonwealth Bank has cut its rays by half a percent,

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Speaker 1: while ain Z has reduced its term deposit rates by

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Speaker 1: up to zero point eight of a percent, but most

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Speaker 1: economists are still expecting the Resert Bank to delay any

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Speaker 1: cut in the official cash rate until next year. Just

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Speaker 1: hours after a ceasefy ideal was agreed to by Israel's

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Speaker 1: Prime minister, it's been rejected by Hamas. It's not known

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Speaker 1: what concessions were acquired by the latest proposal by the US,

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Speaker 1: but Secretary of State Anthony Blincoln says time is running

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Speaker 1: out to avoid a wider conflict.

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Speaker 3: It's the single best way not only to get the

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Speaker 3: hostages home to ease the suffering of people in Gaza,

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Speaker 3: is also the best way to make sure that conflict

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Speaker 3: doesn't spread, that we don't see escalation.

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Speaker 1: Hoodana has revealed how social media is influencing people's financial decisions.

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Speaker 1: The research from Compare Club found almost one in three

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Speaker 1: Aussie seek financial advice from social media influences, half of

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Speaker 1: those eighteen to twenty four, using platforms like YouTube, Facebook

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Speaker 1: and TikTok. Experts worn that the rise of financial influencers

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Speaker 1: could negatively impact how young people interact with money. And

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Speaker 1: if you looked up to the sky last night, you

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Speaker 1: could have caught a very rare astronomical phenomenon, a supermoon

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Speaker 1: and blue moon happening at the same time, causing the

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Speaker 1: moon to look bigger and brighter than normal. The event

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Speaker 1: is expected to last for three days. Sport and entertainment

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Speaker 1: are next. Sportsman's Tennis World number one Janick Sinner has

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Speaker 1: won the Cincinnati Masters, defeating American Francis Tfo in the final.

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Speaker 1: Sinner took it out seven six six' to two to

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Speaker 1: forty and it could be season over For Port Adelaide's Dan.

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Speaker 1: Huston he's set to learn his fate at THE Afl

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Speaker 1: tribunal tonight over a bump that left An adelaide star

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Speaker 1: can cast and after claiming two silver and a bronze

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Speaker 1: medal at The, olympics wa Cyclist Matthew richardson has announced

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Speaker 1: he defecting From australia To Great. Britain the twenty five

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Speaker 1: year old was born In england but moved To australia

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Speaker 1: at the age of. Nine in entertainment, News Taylor swift

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Speaker 1: has met two of the young victims of the Recent

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Speaker 1: southport stabbing while In london for Her eras. Tour three

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Speaker 1: girls were killed in the stabbing attack at A Taylor

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Speaker 1: swift themed dance. Class In, July robert De niro has

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Speaker 1: made a very big splash to celebrate his eighty first.

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Speaker 1: Birthday the actor has been filmed by his daughter jumping

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Speaker 1: off a yacht to celebrate the, milestone And Shiloh jolie

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Speaker 1: has officially dropped her dad's surname from her. Name the

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Speaker 1: eighteen year old daughter of FORMER A list Couple Angelina

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Speaker 1: jolie And Brad pitt being granted the change without any,

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Speaker 1: drama and that's the latest from The Nova podcast news.

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Speaker 1: Team we'll have another episode of the update for you

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Speaker 1: later on