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Speaker 1: Where we give you the top five business stories you

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Speaker 1: need to know when just five minutes. I'm Michael Thompson

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Speaker 1: and good morning Sean.

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Speaker 2: Aylmer, Good morning Michael Shaw.

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Speaker 1: And we are halfway through the week. It is as

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Speaker 1: good a time as any to head along to Fear

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Speaker 1: and Greed dot com. Today you and sign up for

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Speaker 1: our free daily newsletter. If you haven't already done so,

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Speaker 1: go to the website or put a link in today's

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Speaker 1: show notes and you will get a quick hit of

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Speaker 1: the news in your inbox every morning by six am.

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Speaker 1: On with the stories story number one. The Reserve Bank

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Speaker 1: SEAN is open to cutting interest rates in May after

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Speaker 1: the federal election, if inflation data continues it's downward trend

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Speaker 1: and if Donald Trump's trade wars threatened growth.

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Speaker 2: In fact, the Reserve Bank expects it's preferred measure of

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Speaker 2: underlying inflation to be within it's two to three percent

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Speaker 2: target bend when March quarter inflation figures are released in

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Speaker 2: a couple of weeks time. The Central Bank released the

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Speaker 2: minutes of its meetings from a fortnine ago that was

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Speaker 2: held immediately ahead on the Liberation Day tarist announcement from

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Speaker 2: the US. The Reserve Bank says it didn't cut the

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Speaker 2: cash right. We know that because it judged that it

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Speaker 2: was not a appropriate at this stage for monetary policy

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Speaker 2: to react to the potential risks that could move in

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Speaker 2: either direction. But what it went on to say, so

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Speaker 2: it'll look at inflation data. We'll find out about that

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Speaker 2: in two weeks time, wages, the labor market, which we

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Speaker 2: find out about tomorrow, and trends in economic activity, and

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Speaker 2: the evolution of global trade policies. The point here that

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Speaker 2: economists are making is that the commentary, particularly on the

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Speaker 2: back of what they said about the global trade policies

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Speaker 2: and what's happened with those tariffs, along with expectations of

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Speaker 2: low inflation for the March quarter, which we find out

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Speaker 2: about in two weeks, suddenly that opens away free rate

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Speaker 2: cut next month.

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Speaker 1: Okay, opening the way is one thing, but we want

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Speaker 1: to know will there actually be one on May twenty?

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Speaker 1: We had one in February. When can we realistically expect

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Speaker 1: the next one?

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Speaker 2: Well, the bulk of market economists and bond markets think

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Speaker 2: there's a better than even chance that it will happen

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Speaker 2: at the next board meeting on May twenty. The inflation

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Speaker 2: figures out in two weeks will pretty much determine that result, all.

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Speaker 1: Right under story number two now Sean and for a

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Speaker 1: while yesterday we thought Russian military planes could be based

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Speaker 1: within thirteen hundred kilometers of Darwin after Moscow reportedly requested

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Speaker 1: access to Indonesian airfields.

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Speaker 2: Yes, quite the scramble. Yesterday afternoons, the Janes Defense News

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Speaker 2: website quoted multiple unidentified Indonesian government sources saying that Russia

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Speaker 2: had launched an official request to base several long range

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Speaker 2: aircraft at Manua Air Force in Papua Province, which is

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Speaker 2: in Indonesian's in which is in Indonesia's easternmost territory. The

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Speaker 2: request followed a visit by one of Russia's top security

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Speaker 2: officials to Indonesia in February. According to the finn Review,

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Speaker 2: while Russia has been very much focused on Ukraine's also

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Speaker 2: stepped up its military exercises in the Indo Pacific in

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Speaker 2: recent months, including holding bilateral naval drills with the Indonesian

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Speaker 2: forces in the Java Sea. So you could imagine everyone

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Speaker 2: was scurrying around for that. Anthony Alberniezi had been asked

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Speaker 2: about it. He said he was trying to find out

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Speaker 2: more information about it. Dunton said he wanted an official

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Speaker 2: briefing anyway. Last night, the Indonesian Defense Minister told Richard Miles,

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Speaker 2: our Defense Minister, that it wasn't going to happen. He

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Speaker 2: didn't say whether or not the requests had been made,

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Speaker 2: but he certainly said Russian airbases wouldn't be situated on

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Speaker 2: Indonesian territory.

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Speaker 1: Story number three. Goosmani Gomez is winning the Mexican food

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Speaker 1: wars in Australia, with the owner of the Taco Bell

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Speaker 1: franchise locally putting the brand up for sale.

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Speaker 2: Should we call it a Mexican food five got to

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Speaker 2: be more fun? What would be ax listed? Colins food

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Speaker 2: says it will sell its right to the Taco Bell

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Speaker 2: brand in Australia or closed stores. A strategic review found

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Speaker 2: that Taco Bell doesn't have the brand to cut through

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Speaker 2: in Australia. That's because Goosman or partly because Goodsman is

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Speaker 2: doing so well. Colin's Foods will instead expand its network

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Speaker 2: of KFC stores aggressively in Germany and open more stores here.

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Speaker 2: It will write off more than thirty million dollars though

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Speaker 2: from its business in the Netherlands, where it runs sixty

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Speaker 2: two KFC stores. Collins operates two hundred and eighty five

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Speaker 2: of the fifty KFC stores in Australia. Up to ten

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Speaker 2: KFC store openings are planned every year. It also runs

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Speaker 2: twenty seven Taco Bell stores. They ain't going to be

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Speaker 2: around too long.

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Speaker 1: Indeed, okay. Story number four. British retailer Phrases is making

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Speaker 1: an aggressive push into the sport and fitness goods market,

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Speaker 1: planning to open more than one hundred sports direct stores.

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Speaker 2: Yes, that's an attack on rebels sport and part of

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Speaker 2: phras's efforts to create a global sporting retailer. Phrases, listed

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Speaker 2: in the UK, owns brands including Slazenger and Everlast. It

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Speaker 2: also plans to up at stake in shoe retailer Accent,

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Speaker 2: which is listed here in Australia that owns Hype DC

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Speaker 2: and Platypus. Accent will actually operate the sports Direct stores

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Speaker 2: in Australia and play a royalty to Phrases based on sales.

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Speaker 2: Phrases is one of the largest owners and retailers of sports,

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Speaker 2: premium and luxury brands, has more than fifteen hundred stores

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Speaker 2: and more than thirty countries that retailer last year reported

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Speaker 2: revenue of eleven billion dollars. We're talking big. Founded by

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Speaker 2: a billionaire. Mike Ashley, former owner of football club Newcastle United,

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Speaker 2: happened his first store in nine eight two with ten

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Speaker 2: pounds from his parents.

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Speaker 1: That's a good story. Last one story. Number five. Star

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Speaker 1: Entertainment has finally released its account for the second half

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Speaker 1: of last year. The gaming group lost more than three

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Speaker 1: hundred million dollars on the back of falling revenue and

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Speaker 1: higher regulatory costs.

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Speaker 2: Half year results had been delayed until Star found a

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Speaker 2: rescue package. That happened last week when US based at

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Speaker 2: Bally's Corporation provided three hundred million dollars to the company.

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Speaker 2: Once complete, Bally's and a guy called bris Matheson, another

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Speaker 2: major shareholder, the'll account for about sixty percent of shares.

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Speaker 2: The accounts show that revenue was down sixteen percent on

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Speaker 2: the back of the introduction of mandatory cards to play

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Speaker 2: in Sydney, in a loss of market share on the

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Speaker 2: Gold Coast. Despite Bally's rescue office, Star still has some issues.

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Speaker 2: It's critical that they complete the bally strategic investment. It's

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Speaker 2: critical that they get the proceeds from the sale of

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Speaker 2: the Sydney Event Center and it's critical that they complete

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Speaker 2: the transaction entered into with his joint venture partners to

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Speaker 2: exit Queen's Wolf in Brizzy.

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Speaker 1: There we go, the top five business stories in five minutes.

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Speaker 1: Thank you Sean, Thank you Michael. It is Wednesday, the

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Speaker 1: sixteenth of April twenty twenty five. Remember to hit follow

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Speaker 1: on the podcast, and if five minutes isn't enough, you

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Speaker 1: can find our longer daily show called Fear and Greed

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Speaker 1: wherever you listen to podcasts. I'm Michael Thompson and that

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Speaker 1: was the fast five business news by Fear