1 00:00:03,800 --> 00:00:06,560 Speaker 1: It's Monday, the ninth of February twenty twenty six. Welcome 2 00:00:06,600 --> 00:00:08,879 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:08,880 --> 00:00:10,600 Speaker 1: where we give you the top five business stories you 4 00:00:10,640 --> 00:00:12,680 Speaker 1: need to know in just five minutes. I'm Michael Thompson 5 00:00:12,720 --> 00:00:15,880 Speaker 1: and good morning Sean Aylmer. Good morning Michael, Sean. Before 6 00:00:15,880 --> 00:00:18,320 Speaker 1: we get into the top five stories in five minutes, 7 00:00:18,360 --> 00:00:20,959 Speaker 1: a very quick announcement and a request as well. If 8 00:00:21,000 --> 00:00:23,599 Speaker 1: you're listening to this podcast through Spotify, there is a 9 00:00:23,680 --> 00:00:26,759 Speaker 1: very good chance you're listening through the your daily drive playlist. 10 00:00:26,840 --> 00:00:30,200 Speaker 1: Now that playlist is being switched off pretty soon, so 11 00:00:30,560 --> 00:00:33,040 Speaker 1: if you want to keep listening to the Fast five, 12 00:00:33,720 --> 00:00:37,360 Speaker 1: I would suggest please hit follow on the podcast right 13 00:00:37,360 --> 00:00:39,559 Speaker 1: now and it will keep on landing in your playlist 14 00:00:39,680 --> 00:00:41,320 Speaker 1: every day and you can keep getting all of your 15 00:00:41,320 --> 00:00:44,160 Speaker 1: business news in just five minutes. On with the show, 16 00:00:44,200 --> 00:00:47,160 Speaker 1: Sean Story. Number one. Profit season on the ASX kicks 17 00:00:47,159 --> 00:00:49,960 Speaker 1: off in earnest this week. With a backdrop of huge 18 00:00:49,960 --> 00:00:52,880 Speaker 1: sell offs in commodities, big drops in the tech sector, 19 00:00:53,159 --> 00:00:56,080 Speaker 1: and a rising interest rate environment, You've got to say 20 00:00:56,080 --> 00:00:58,880 Speaker 1: it's likely to be a very volatile ride for equity 21 00:00:58,920 --> 00:01:00,200 Speaker 1: investors over the next three weeks. 22 00:01:00,600 --> 00:01:02,800 Speaker 2: And it has been already we've seen lots of switching 23 00:01:03,360 --> 00:01:07,280 Speaker 2: into mining, away from tech stocks, away from Commonwealth Bank. Basically, 24 00:01:07,400 --> 00:01:10,520 Speaker 2: earning's revenue growth, profit margins, dividends all important. You want 25 00:01:10,520 --> 00:01:13,080 Speaker 2: to predict share price movement, look at the guidance for 26 00:01:13,120 --> 00:01:15,399 Speaker 2: the next period and where they come in at. Some 27 00:01:15,480 --> 00:01:18,360 Speaker 2: of the big notables during the past couple of seasons 28 00:01:18,360 --> 00:01:21,560 Speaker 2: have been movements in large cap stocks immediately after results 29 00:01:21,600 --> 00:01:26,399 Speaker 2: like ten percent plus CSL, Woollies, Reese Plumbing. They've all 30 00:01:26,400 --> 00:01:30,360 Speaker 2: felt that last season, a reluctance to provide earnings outlook 31 00:01:30,480 --> 00:01:32,479 Speaker 2: is also seen as a negative. There'll be a bit 32 00:01:32,520 --> 00:01:35,120 Speaker 2: of that, and of course a focus on AI. Picking 33 00:01:35,200 --> 00:01:37,840 Speaker 2: the market during earning season is very difficult. You got 34 00:01:37,880 --> 00:01:41,199 Speaker 2: all sort of high frequency trading, passive money. What happens 35 00:01:41,200 --> 00:01:43,000 Speaker 2: in a few minutes afterwards could be the reverse of 36 00:01:43,040 --> 00:01:45,480 Speaker 2: what happens in the longer term. We've already seen a 37 00:01:45,480 --> 00:01:49,560 Speaker 2: little bit happened with Aria on Friday, only just missed 38 00:01:49,600 --> 00:01:52,280 Speaker 2: earnings and its share price fell eight percent. Things really 39 00:01:52,360 --> 00:01:54,320 Speaker 2: kick off on Wednesday with the Commonwealth Bank. 40 00:01:54,880 --> 00:01:57,640 Speaker 1: Sean you mentioned tech stocks, they really have had a 41 00:01:57,680 --> 00:02:00,680 Speaker 1: wild ride with investors worried that companies are spending too 42 00:02:00,760 --> 00:02:04,160 Speaker 1: much on AI, or that AI will replace business models, 43 00:02:04,160 --> 00:02:06,400 Speaker 1: and we've seen some great examples of that in recent days. 44 00:02:06,600 --> 00:02:08,840 Speaker 2: You know, one of my favorite, Nasdak listed at Lassian, 45 00:02:10,520 --> 00:02:14,120 Speaker 2: Sorry Australian born Nasdak listed at Lassian, fell four percent 46 00:02:14,760 --> 00:02:18,680 Speaker 2: on Friday, taking its drop over the past two months 47 00:02:18,720 --> 00:02:22,720 Speaker 2: to seventy percent, basically getting caught up in fears about 48 00:02:22,800 --> 00:02:28,560 Speaker 2: AI replacing its business model see Mike Kenan Brooks disagrees ferociously, 49 00:02:29,000 --> 00:02:31,560 Speaker 2: but it just shows what can happen to some of 50 00:02:31,560 --> 00:02:33,200 Speaker 2: these tech software stocks. 51 00:02:33,680 --> 00:02:35,959 Speaker 1: Yeah, under story number two, which is very much linked 52 00:02:36,000 --> 00:02:38,280 Speaker 1: to story number one, there four of the biggest US 53 00:02:38,280 --> 00:02:42,720 Speaker 1: technology companies together have forecast capital expenditures that will reach 54 00:02:42,720 --> 00:02:46,000 Speaker 1: about six hundred and fifty billion US dollars. That's not 55 00:02:46,120 --> 00:02:49,000 Speaker 1: far off a trillion Aussie dollars. That's happening just in 56 00:02:49,040 --> 00:02:51,280 Speaker 1: twenty twenty six. And depending on the story that they 57 00:02:51,360 --> 00:02:55,240 Speaker 1: told investors, they either surged, as in the case of Meta, 58 00:02:55,400 --> 00:02:59,000 Speaker 1: or tumbled as what happened to Microsoft. So we're talking 59 00:02:59,000 --> 00:03:02,160 Speaker 1: about Alphabet, Amazon, Meta and Microsoft. They're spending it on 60 00:03:02,280 --> 00:03:06,960 Speaker 1: new data centers and artificial intelligence chips, networking cables, backup generators, 61 00:03:06,960 --> 00:03:11,040 Speaker 1: all sorts of things. Each of the companies estimated outlay. 62 00:03:10,720 --> 00:03:13,040 Speaker 2: For this year would set a high watermark for capital 63 00:03:13,120 --> 00:03:16,400 Speaker 2: spending by any single corporation. People are saying it's a 64 00:03:16,440 --> 00:03:19,480 Speaker 2: bit like the US railroad network build out in the 65 00:03:19,560 --> 00:03:22,280 Speaker 2: nineteenth century. In fact, this is the one that blows 66 00:03:22,280 --> 00:03:25,680 Speaker 2: me away. You put together the largest US based carmakers, 67 00:03:25,840 --> 00:03:32,720 Speaker 2: construction equipment manufacturers, railroads, defence contractors, wireless carry is Excell, Mobile, Intel, Walmart, 68 00:03:33,200 --> 00:03:35,920 Speaker 2: all those, put them all together. They're spending one hundred 69 00:03:35,960 --> 00:03:38,800 Speaker 2: and eighty billion dollars this year in capital spending. Those 70 00:03:38,800 --> 00:03:41,080 Speaker 2: four tech companies four times that amount. 71 00:03:41,280 --> 00:03:44,880 Speaker 1: Yeah, that is extraordinary. Under story number three, Sean, the 72 00:03:45,080 --> 00:03:48,520 Speaker 1: federal coalition is back together again. Liberals leader Susan Lee 73 00:03:48,720 --> 00:03:51,600 Speaker 1: and Nationals leader David Little Proud have done a deal 74 00:03:51,840 --> 00:03:54,880 Speaker 1: which involves all of the Nats sitting on the back 75 00:03:54,960 --> 00:03:58,160 Speaker 1: bench until March one before they are allowed to rejoin 76 00:03:58,200 --> 00:03:59,000 Speaker 1: shadow cabinet. 77 00:03:59,480 --> 00:04:01,800 Speaker 2: They've done it, but I reckon it was through gridded teeth, 78 00:04:01,920 --> 00:04:04,440 Speaker 2: judging from the look of them yesterday. After March one, 79 00:04:04,480 --> 00:04:07,760 Speaker 2: all previous Nationals shadow Cabinet members will return to their 80 00:04:07,800 --> 00:04:11,160 Speaker 2: previous portfolios. All shadow ministers will be required to sign 81 00:04:11,160 --> 00:04:13,440 Speaker 2: an agreement of ferning shadow cabinet solidarity, which is a 82 00:04:13,440 --> 00:04:15,920 Speaker 2: big win for Lee. Little proud walk back or talkback 83 00:04:15,960 --> 00:04:18,520 Speaker 2: comments that he wouldn't work with the Liberal Party leader 84 00:04:18,640 --> 00:04:22,080 Speaker 2: sending your MPs. Members of both parties pushed for reunification reckon. 85 00:04:22,120 --> 00:04:24,400 Speaker 2: Probably win for Lee on this one. Now she faces 86 00:04:24,440 --> 00:04:25,839 Speaker 2: instability within her own party. 87 00:04:26,279 --> 00:04:29,240 Speaker 1: Story number four. The start of the twenty twenty six 88 00:04:29,279 --> 00:04:32,919 Speaker 1: auction season has been surprisingly strong, with the preliminary clearance 89 00:04:33,040 --> 00:04:36,040 Speaker 1: rate rebounding from the low sixty percent range in mid 90 00:04:36,080 --> 00:04:39,720 Speaker 1: December to this week's result of seventy three point seven percent. 91 00:04:39,960 --> 00:04:42,760 Speaker 2: Best since September last year. Michael Now, much of the 92 00:04:42,800 --> 00:04:46,799 Speaker 2: strength came from Sydney, which delivered a near eighty percent result, 93 00:04:46,880 --> 00:04:49,560 Speaker 2: the highest preliminary outcome since the last week of August. 94 00:04:49,640 --> 00:04:52,039 Speaker 2: Even though there was a jump in the number of auctions, 95 00:04:52,200 --> 00:04:55,120 Speaker 2: Melbourne came in at about sixty eight percent. Things get 96 00:04:55,160 --> 00:04:58,000 Speaker 2: busier this coming week. They'll continue to get busy until 97 00:04:58,040 --> 00:04:59,960 Speaker 2: the start of the autumn selling season. 98 00:05:00,400 --> 00:05:02,520 Speaker 1: Last one. Story number five shown this may well be 99 00:05:02,560 --> 00:05:04,680 Speaker 1: a real version of fake news. It probably is, but 100 00:05:04,720 --> 00:05:07,200 Speaker 1: it's also somewhat true. They're certainly commenting on it at 101 00:05:07,200 --> 00:05:12,440 Speaker 1: the Olympics, where antidoping chiefs are ready to investigate suggestions. 102 00:05:13,520 --> 00:05:17,760 Speaker 1: Rumors perhaps that ski jumpers are gaining a performance advantage 103 00:05:17,760 --> 00:05:21,920 Speaker 1: by enlarging their penises as one does, and reports. 104 00:05:21,480 --> 00:05:24,160 Speaker 2: In the German newspaper Build have raised fears that professional 105 00:05:24,160 --> 00:05:29,400 Speaker 2: ski jumpers are enlarging their genitalia by injecting hyaluronic acid 106 00:05:29,600 --> 00:05:33,559 Speaker 2: to boost crotch dimensions. Why is this on fear and greed? 107 00:05:33,720 --> 00:05:34,200 Speaker 1: Fast? Five? 108 00:05:34,240 --> 00:05:36,520 Speaker 2: Who knows? This could be highly significant in ski jumping 109 00:05:36,520 --> 00:05:38,960 Speaker 2: because that would permit jumpers to wear larger suit. Now, 110 00:05:39,000 --> 00:05:41,160 Speaker 2: a study in a journal called Frontiers found that for 111 00:05:41,240 --> 00:05:44,000 Speaker 2: every two centemary increase in the circumference of a ski suit, 112 00:05:44,560 --> 00:05:48,600 Speaker 2: that's corresponding to about a five point eight meter increase 113 00:05:48,880 --> 00:05:51,200 Speaker 2: in jump distance. And apparently the way to do that 114 00:05:51,480 --> 00:05:54,560 Speaker 2: is to enlarger penis. So they say, of course this 115 00:05:54,600 --> 00:05:58,880 Speaker 2: comes under the World Antidoping Agency. I mean, they obviously 116 00:05:58,920 --> 00:06:01,920 Speaker 2: test for prohibited substance, but also they want to make 117 00:06:01,960 --> 00:06:03,680 Speaker 2: sure things are in the spirit of the sport, and 118 00:06:03,720 --> 00:06:04,719 Speaker 2: that's what this is about. 119 00:06:05,040 --> 00:06:08,200 Speaker 1: Yeah, okay, there we go, the top five business ish 120 00:06:08,360 --> 00:06:10,080 Speaker 1: stories in five minutes. Thank you, Sean. 121 00:06:10,400 --> 00:06:12,400 Speaker 2: Thanks Michael, it's Monday, the ninth. 122 00:06:12,240 --> 00:06:14,560 Speaker 1: Of February twenty twenty six. Remember to hit follow on 123 00:06:14,600 --> 00:06:17,000 Speaker 1: the podcast and if five minutes isn't enough, you're going 124 00:06:17,040 --> 00:06:19,160 Speaker 1: to find our longer daily show called Fear and Greed 125 00:06:19,160 --> 00:06:21,480 Speaker 1: wherever you listen to podcasts. I'm Michael Thompson and that 126 00:06:21,600 --> 00:06:23,680 Speaker 1: was the Fast five Business News by Fear and Greed. 127 00:06:23,920 --> 00:06:24,640 Speaker 2: Have a great date.