1 00:00:03,880 --> 00:00:07,080 Speaker 1: It's Monday, the nineteenth of January twenty twenty six. Welcome 2 00:00:07,080 --> 00:00:09,560 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,560 --> 00:00:11,280 Speaker 1: where we give you the top five business stories you 4 00:00:11,320 --> 00:00:13,520 Speaker 1: need to know in just five minutes. O'm Michael Thompson 5 00:00:13,560 --> 00:00:14,880 Speaker 1: and good morning Sean Aylmer. 6 00:00:15,080 --> 00:00:16,760 Speaker 2: Good morning Michael, Sean. 7 00:00:16,960 --> 00:00:19,520 Speaker 1: Five stories, five minutes. Let's go. Story number one. Davos 8 00:00:19,600 --> 00:00:22,119 Speaker 1: kicks off this week. This is the global talk fest 9 00:00:22,160 --> 00:00:25,079 Speaker 1: with some of the world's biggest named politicians and business 10 00:00:25,160 --> 00:00:28,840 Speaker 1: leaders all attending. You've got BHP CEO Mike Henry. He'll 11 00:00:28,880 --> 00:00:32,239 Speaker 1: be there, so to Fortes, few Medals Andrew Forrest. But 12 00:00:32,320 --> 00:00:35,440 Speaker 1: the headline act, of course, will be none other than 13 00:00:35,560 --> 00:00:36,840 Speaker 1: US President Donald Trump. 14 00:00:37,120 --> 00:00:41,760 Speaker 2: It will be Trump's first appearance at Davos this presidency. Now, 15 00:00:41,840 --> 00:00:43,960 Speaker 2: much of the discussion, no doubt, will be around his 16 00:00:44,120 --> 00:00:46,560 Speaker 2: plans for Greenland. Over the weekend, he in past and 17 00:00:46,640 --> 00:00:50,479 Speaker 2: ten percent tariff and goods sent to the US from Denmark, UK, France, Germany, 18 00:00:50,680 --> 00:00:53,680 Speaker 2: the Netherlands and three Scandinavian countries, all allies. Of course, 19 00:00:54,360 --> 00:00:56,440 Speaker 2: that's going to remain in place and it'll lift to 20 00:00:56,440 --> 00:01:00,480 Speaker 2: twenty five percent until Greenland is sold to the US 21 00:01:00,800 --> 00:01:04,679 Speaker 2: according to Donald Trump, there's a two week delay until 22 00:01:04,680 --> 00:01:07,399 Speaker 2: the tariffs are introduced. That is very typical of Trump 23 00:01:07,600 --> 00:01:12,240 Speaker 2: when he's negotiating things. With Trump, there's always negotiations, So 24 00:01:12,280 --> 00:01:14,720 Speaker 2: we need to keep an eye on this one. Notwithstanding 25 00:01:14,720 --> 00:01:17,360 Speaker 2: that the tariffs escalate the already charged relationship between the 26 00:01:17,440 --> 00:01:20,440 Speaker 2: US and Europe, and that'll show in Davos. The European 27 00:01:20,520 --> 00:01:23,119 Speaker 2: leaders responded over the weekend, saying the fate of Greenland 28 00:01:23,160 --> 00:01:25,479 Speaker 2: is up to the citizens of that country and the Danes. 29 00:01:25,520 --> 00:01:30,400 Speaker 2: Fifty sixth Meeting of Davos the theme Michael a spirit 30 00:01:30,560 --> 00:01:33,080 Speaker 2: of dialogue. We'll see how that goes. Yeah. 31 00:01:33,160 --> 00:01:36,160 Speaker 1: Ahead of flying out to the talk fest, Andrew Forrest 32 00:01:36,160 --> 00:01:39,679 Speaker 1: had a few choice words about the meeting, saying that 33 00:01:39,720 --> 00:01:43,080 Speaker 1: the rules based order built from the smoking ruins of 34 00:01:43,200 --> 00:01:45,640 Speaker 1: World War Two is now breaking down. 35 00:01:46,000 --> 00:01:48,440 Speaker 2: He warned that it's dangerous when leaders ignore the lessons 36 00:01:48,440 --> 00:01:50,600 Speaker 2: of history. According to the Finn, he said he'd push 37 00:01:50,640 --> 00:01:54,280 Speaker 2: back against a softened commitment from governments to fight climate change. 38 00:01:54,320 --> 00:01:56,200 Speaker 2: Badge pe boss Ken Henry will be speaking on a 39 00:01:56,200 --> 00:01:59,760 Speaker 2: panel about energy security. Outgoing Ambassador to the US, Kevin 40 00:01:59,800 --> 00:02:02,040 Speaker 2: rah And he'll be speaking on panels about the Japanese 41 00:02:02,080 --> 00:02:04,080 Speaker 2: economy and US China rivalry. 42 00:02:04,480 --> 00:02:06,760 Speaker 1: Okay. Moving on to story number two. Now, Prime Minister 43 00:02:06,840 --> 00:02:09,760 Speaker 1: Anthony Albernizi has backed down from trying to ram through 44 00:02:09,840 --> 00:02:14,600 Speaker 1: legislation today and tomorrow the combined gun reform with contentious 45 00:02:14,680 --> 00:02:18,760 Speaker 1: racial vilification and hate speech provisions, saying it is clear 46 00:02:18,880 --> 00:02:21,400 Speaker 1: that the Greens and the Coalition will not support the 47 00:02:21,400 --> 00:02:22,520 Speaker 1: bill in its current form. 48 00:02:22,840 --> 00:02:26,160 Speaker 2: Albanizi said it's a pragmatic step to ensure gun reform 49 00:02:26,360 --> 00:02:31,040 Speaker 2: passes Parliament, which he dramatically recalled for two days today 50 00:02:31,040 --> 00:02:33,240 Speaker 2: and tomorrow. The government will proceed with legislation giving Home 51 00:02:33,280 --> 00:02:37,000 Speaker 2: Affairs Minister Tony Burke powers to ban extremist groups and 52 00:02:37,040 --> 00:02:40,320 Speaker 2: to reject visas for foreign anti semites. That means there 53 00:02:40,320 --> 00:02:43,040 Speaker 2: are two pieces of legislation before Parliament, or two paths 54 00:02:43,080 --> 00:02:45,400 Speaker 2: to the legislation over the next couple of days, a 55 00:02:45,440 --> 00:02:49,160 Speaker 2: billion dollar gun buyback scheme, an extremist group legislation, essentially 56 00:02:49,200 --> 00:02:52,320 Speaker 2: the hate speech part of the original bill. Labour's sheld 57 00:02:52,320 --> 00:02:55,680 Speaker 2: the more controversial racial vilification passages. 58 00:02:56,280 --> 00:03:00,440 Speaker 1: Story number three. Holiday makers into Australia surged latelylast year, 59 00:03:00,480 --> 00:03:04,280 Speaker 1: while migration fell back. According to the Australian Bureau of Statistics. 60 00:03:04,480 --> 00:03:06,680 Speaker 2: The data shows that in November last year, short term 61 00:03:06,720 --> 00:03:10,160 Speaker 2: arrivals were up twenty percent year on year, permanent arrivals 62 00:03:10,200 --> 00:03:14,240 Speaker 2: down about seventeen percent. Overall one point nine million arrivals 63 00:03:14,240 --> 00:03:16,840 Speaker 2: in November. That's up more than eight percent departures from 64 00:03:16,840 --> 00:03:19,400 Speaker 2: about seven and a half percent. What's interesting here, Chinese 65 00:03:19,440 --> 00:03:20,919 Speaker 2: to or is the back in the top three, ranking 66 00:03:21,280 --> 00:03:24,160 Speaker 2: behind New Zealanders and Brits. Also a surgeon visitors from 67 00:03:24,160 --> 00:03:27,760 Speaker 2: the US, Japan, and South Korea. The East Coast states 68 00:03:27,760 --> 00:03:31,440 Speaker 2: get most visitors. However, there were proportionately more people going 69 00:03:31,440 --> 00:03:35,240 Speaker 2: to South Australia and Western Australia during November. Big week 70 00:03:35,320 --> 00:03:37,680 Speaker 2: for economic news. Also, while we're talking about the Bureau 71 00:03:37,720 --> 00:03:40,640 Speaker 2: of Stats, we have the labor force data for December. 72 00:03:40,640 --> 00:03:42,880 Speaker 2: The unemployment rates sitting at four point three percent. Wouldn't 73 00:03:42,880 --> 00:03:44,640 Speaker 2: be surprised if that ticks up just a bit. 74 00:03:45,160 --> 00:03:48,040 Speaker 1: Story Number four, The Australian Open Tennis known as the 75 00:03:48,040 --> 00:03:50,840 Speaker 1: Happy Slam, kicked off in Melbourne yesterday with around one 76 00:03:50,840 --> 00:03:53,480 Speaker 1: point two million people expected to view the competition for 77 00:03:53,960 --> 00:03:56,839 Speaker 1: one hundred and eleven point five million dollars in prize money. 78 00:03:56,840 --> 00:03:58,840 Speaker 1: I don't know about you, Sean, but I know we've 79 00:03:58,880 --> 00:04:00,640 Speaker 1: had Christmas and New Years and it doesn't feel like 80 00:04:00,680 --> 00:04:01,840 Speaker 1: summer until the tennis is on. 81 00:04:02,360 --> 00:04:03,920 Speaker 2: Totally with you, of course, one of the four Grand 82 00:04:03,960 --> 00:04:06,960 Speaker 2: Slam tournaments, along with Wimbledon, the French and US Opens, 83 00:04:07,000 --> 00:04:09,760 Speaker 2: takes place over the next two weeks. Prize money is 84 00:04:09,840 --> 00:04:12,560 Speaker 2: very contentious this year Organizeder says is up sixteen percent 85 00:04:12,960 --> 00:04:14,840 Speaker 2: on last year. The winner of the tournament gets about 86 00:04:14,840 --> 00:04:17,440 Speaker 2: four point one million dollars. Those poor people knocked out 87 00:04:17,480 --> 00:04:19,640 Speaker 2: in the first round about one hundred and fifty thousand dollars. 88 00:04:20,160 --> 00:04:23,040 Speaker 2: Now a synonymous with Melbourne, the Australian Open, in its 89 00:04:23,040 --> 00:04:25,160 Speaker 2: one hundred and twenty one year history, has also been 90 00:04:25,200 --> 00:04:28,719 Speaker 2: played in Sydney, Adelaide, Brisbane, Perth and Michael Twice. The 91 00:04:28,760 --> 00:04:32,560 Speaker 2: Australian Open has been played in New Zealand, became went 92 00:04:32,600 --> 00:04:35,320 Speaker 2: to Melbourne permanently at Kuyong from nineteen seventy two and 93 00:04:35,360 --> 00:04:37,880 Speaker 2: has moved to Flinders Park its home now in nineteen 94 00:04:37,920 --> 00:04:38,360 Speaker 2: eighty eight. 95 00:04:38,960 --> 00:04:42,320 Speaker 1: Last one story number five Sean, the survival rate for 96 00:04:42,440 --> 00:04:46,600 Speaker 1: cancer patients is now seventy percent five years after diagnosis, 97 00:04:46,680 --> 00:04:50,000 Speaker 1: up from just fifty percent in the mid seventies, meaning 98 00:04:50,360 --> 00:04:52,960 Speaker 1: in a lot of cases, cancer is becoming more of 99 00:04:53,000 --> 00:04:56,320 Speaker 1: a treatable chronic disease rather than a death sentence. 100 00:04:56,520 --> 00:05:01,160 Speaker 2: That's defining from the American Cancer Society, which says says 101 00:05:01,320 --> 00:05:05,440 Speaker 2: that reflects both advances in treatment of cancers and earlier diagnosis. Also, 102 00:05:05,560 --> 00:05:08,880 Speaker 2: less people are smoking. The American Cancer Society estimates that 103 00:05:08,920 --> 00:05:12,320 Speaker 2: four point eight million cancer deaths were prevented between ninety 104 00:05:12,320 --> 00:05:14,520 Speaker 2: one and twenty twenty three. Having said all that two 105 00:05:14,600 --> 00:05:17,920 Speaker 2: point one million new cancer cases will be diagnosed this year. 106 00:05:17,920 --> 00:05:21,080 Speaker 2: That's almost six thousand a day in the US for women, 107 00:05:21,200 --> 00:05:25,200 Speaker 2: incidents is highest for breast cancer ahead of lung cancer. Fortunately, 108 00:05:25,200 --> 00:05:28,279 Speaker 2: breast cancer for survival rates now at ninety two percent. 109 00:05:28,400 --> 00:05:32,719 Speaker 2: For men, prostate cancer diagnosed twice as much as lung cancer. 110 00:05:33,120 --> 00:05:36,040 Speaker 2: Prostate cancer survival rates are now at ninety eight percent. 111 00:05:36,200 --> 00:05:39,680 Speaker 2: The lowest survival rates remain pancreatic cancer, liver cancer, and 112 00:05:39,760 --> 00:05:40,400 Speaker 2: lung cancer. 113 00:05:41,040 --> 00:05:43,280 Speaker 1: All right, there we go the top five business stories 114 00:05:43,320 --> 00:05:46,239 Speaker 1: in five minutes. Thank you Sean, Thank you Michael. It's Monday, 115 00:05:46,320 --> 00:05:49,040 Speaker 1: the nineteenth of January twenty twenty six. 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