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Speaker 1: It's Monday, the third of March twenty twenty five. Welcome

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Speaker 1: to the Fast five Business News by Fear and Greed,

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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 in just five minutes. I'm Michael Thompson

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Speaker 1: and good morning Sean Aylmer.

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Speaker 2: Good morning, Michael, Sean.

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Speaker 1: Five stories, five minutes. Let's go a story. Number one.

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Speaker 1: Global markets are on edge following the showdown between US

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Speaker 1: President Donald Trump and Ukrainian leader of Volodim Zelenski over

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Speaker 1: the weekend, the introduction of new tariffs on Canada, Mexico

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Speaker 1: and China this week.

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Speaker 2: There is a lot going on. Yeah, I don't think

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Speaker 2: investors know which way to turn. Starting on Wall Street,

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Speaker 2: the clash between Trump and Zelensky triggered a selloff on

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Speaker 2: the S and P five hundred, but remarkably, it bounced

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Speaker 2: later in the session to finish higher. Some karma inflation

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Speaker 2: figures fed that rally. European stocks have fallen, with car

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Speaker 2: makers amongst the biggest losers. That's on the back of

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Speaker 2: Trump's threat to hit the region with a twenty five

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Speaker 2: percent tariff. Everyone's waiting for details, and that one Canada

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Speaker 2: and Mexico supposed to be hit with twenty five percent

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Speaker 2: tariffs from tomorrow, assuming mister Trump doesn't change his mind,

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Speaker 2: China is expected to be hit with an extra ten

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Speaker 2: percent tariff. Risky, your assets are wobbling. Bitcoins down to

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Speaker 2: eighty four thousand US dollars a unit, Aussie dollar just

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Speaker 2: above sixty two US cents, oil down to seventy three

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Speaker 2: US dollars a bow. The local market had a bad

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Speaker 2: day on Friday. Now profit season's over all. Eyes will

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Speaker 2: be coming back to what's going on globally and in

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Speaker 2: the economy. It's going to be interesting week.

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Speaker 1: Michael Yeah, certainly well and shown. Global leaders have certainly

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Speaker 1: made it clear that Voladimir Zelensky has their support, most

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Speaker 1: notably of so UK Prime Minister Sir Kiir Starmer embraced

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Speaker 1: him yesterday when Zelenski visited Downing Street.

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Speaker 2: Yes, so plenty across Europe and elsewhere, including Prime Minister

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Speaker 2: Anthony Alberanezi, have been very supportive of mister Zelensky. They,

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Speaker 2: notably most have tried to say nothing about Donald Trump

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Speaker 2: or Jade Evans's behavior. So Keir said the Ukraine had

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Speaker 2: the full backing of the UK. Overnight he hosted Foote

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Speaker 2: and European leaders leaders. They want Zelenski to try and

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Speaker 2: patch things up with Donald Trump. Hard to win that

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Speaker 2: war without the US backing. Senior Russian politicians they were

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Speaker 2: happy with what they saw. They said it was a

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Speaker 2: humiliation for Vladimir Zelenski. Locally, Treasurer Jim Chalmers called Zelenski

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Speaker 2: a hero. Doesn't mean we're going to escape the tariff

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Speaker 2: trap from Trump though.

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Speaker 1: Moving on to story number two, now, Sean and house

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Speaker 1: prices rose last month, ending a short, shallow decline that

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Speaker 1: lasted just three months, and Melbourne and Hobart, which for

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Speaker 1: two of the worst performers last year, are actually leading

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Speaker 1: the revival.

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Speaker 2: The month of February was good across the board. Every

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Speaker 2: capital city and rest of state regions rose except Darwin,

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Speaker 2: which dropped slightly. In regional Victoria, which was flat. Melbourne

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Speaker 2: and Hobart were both up zero point four percent. That's

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Speaker 2: the first positive result for Melbourne in about ten months.

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Speaker 2: The boom cities last year of Perth, Brisbane and Adelaide

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Speaker 2: up zero point two zero point three. They're certainly coming

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Speaker 2: off the boil somewhat. Sydney up zero point three percent.

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Speaker 2: Now Melbourne and Sydney their rises have been driven by

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Speaker 2: the top end of the market, which tends to be

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Speaker 2: more interest rate sensitive. Care Logics Tim Lawless said expectations

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Speaker 2: of lower interest rates are certainly supporting the market.

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Speaker 1: Story number three plenty of speculation this morning Sean about

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Speaker 1: an election date, and yesterday Treasurer Jim Chalmers moved a

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Speaker 1: hose down the chat, saying that he was working to

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Speaker 1: produce a budget in the usual way.

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Speaker 2: No doubt the budget scheduled in late March. If an

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Speaker 2: election's call, the government would produce an economic update instead

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Speaker 2: of a full budget. Doctor Chalmers said the Prime Minister

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Speaker 2: will call the poll in due course. He said he

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Speaker 2: wanted the election to be fought on the economy. Now,

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Speaker 2: speculation remains that the poll will be called after the

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Speaker 2: Western Australian state election next weekend. Campaigns must run for

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Speaker 2: at least thirty three days. If the PM wants to

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Speaker 2: go the polls in April twelve, which has been rumored,

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Speaker 2: he'll call an election next Sunday. Otherwise a seventeen he'll

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Speaker 2: wait for a while. Over the weekend. Opposition leader Peter

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Speaker 2: Dunton comitted three billion dollars towards buying twenty six new

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Speaker 2: fighter jets for the Air Force. If elected. We're going

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Speaker 2: to get plenty of those sorts of announcements in the

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Speaker 2: next few days.

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Speaker 1: Yeah, I think you might be all right. Story number

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Speaker 1: four Sean Endeavor Group's profit fell by more than expected

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Speaker 1: across its pubs and liquor stores, as the hospitality giant

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Speaker 1: confirmed it with appoint Arimrvos executive chairman. As a search

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Speaker 1: for a permanent chief executive just drags on on and on.

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Speaker 2: The current chief executive, Steed donah Hue, has flagged his

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Speaker 2: departure back in September last year. Still can't find someone

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Speaker 2: to replace him. Problem from Deva at the moment, and

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Speaker 2: of course Neva runs hundreds of pubs and the damn

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Speaker 2: murvies in BWS chains. People just aren't drinking as much alcohol,

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Speaker 2: that's the bottom line. Net profit for the first half

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Speaker 2: was down about fifteen percent, triggered a seven percent sell

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Speaker 2: off in the stock. It's all about people just not

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Speaker 2: consuming as much alcohol.

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Speaker 1: Speaking of alcohol, Story number five Sean whiskey wars have

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Speaker 1: broken out in Britain, with Scottish politicians upset nay furious

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Speaker 1: over English plans to label some of its liquor as

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Speaker 1: single mold. How dare they?

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Speaker 2: Yes, the Scottish pollies are calling it sabotage. They feared

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Speaker 2: or undermine the Scottish whiskey sector. It's about the term

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Speaker 2: single malt. As you said, Scotch rules require the malt

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Speaker 2: grains to be mashed, fermented and distilled at the same

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Speaker 2: site to be single malt. The English definition is it

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Speaker 2: the whiskey and has to be distilled at one site

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Speaker 2: to be a single malt grade. According to the f team,

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Speaker 2: the British Parliament plans to wall ow the English style

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Speaker 2: single malt. That's caused the upset. The English whiskey girls said, well,

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Speaker 2: it's the same as the US, same as the Welsh.

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Speaker 2: Not that I think that's going to fly with the Scots.

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Speaker 2: It comes as his Scottish whiskey industry faces a very

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Speaker 2: very tough conditions never really recovered from COVID nineteen. People

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Speaker 2: are buying cheaper whiskey single malt exports. In fact, we're

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Speaker 2: down seventy percent last year. Tough times for the Scottish

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Speaker 2: whiskey industry.

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Speaker 1: And just to clarify for anybody who heard Sean take

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Speaker 1: a sip at the start of that story. It was water,

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Speaker 1: it was it was and not whiskey to get him

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Speaker 1: in the mood. All right, there we go, the top

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Speaker 1: five business stories in five minutes. Thank you very much, Sean,

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Speaker 1: Thank you, Michael. It's Monday, the third of March twenty

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Speaker 1: twenty five. Remember to hit follow on the podcast. And

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Speaker 1: if five minutes isn't enough, you're gonna find our longer

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Speaker 1: daily show called Fear and Greed wherever you listen to podcasts.

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Speaker 1: I'm Michael Thompson and that was the past five business

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Speaker 1: news by Fear and Greed. Have a great day.