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Speaker 1: Welcome to the weekend edition of The Fast Five Business

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Speaker 1: News by Fear and Greed. I'm Michael Thompson and hello

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Speaker 1: Sean Ale. Hello Sean. On weekdays, it's all about the

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Speaker 1: Fast five, the top five business stories in five minutes.

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Speaker 1: On the weekend, we still keep it to five minutes,

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Speaker 1: of course, but we're going to pick out the biggest

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Speaker 1: business story of the week, the most remarkable business story,

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Speaker 1: a mystery category, and then our favorite story. Let's jump

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Speaker 1: straight into the biggest story. I think for me, the

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Speaker 1: fact is we are finally, finally at election day. We've

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Speaker 1: been talking about it for weeks and weeks and weeks.

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Speaker 1: There's been so much campaigning. You've got the Prime Minister

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Speaker 1: and opposition leader who have been criss crossing the country

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Speaker 1: heading to marginal electorates. We had the final debate at

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Speaker 1: the start of this week as well, Sean. The polls, though,

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Speaker 1: are all saying the one thing that it is going

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Speaker 1: to be Anthony Alberanezi who wins the election. The results

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Speaker 1: has become more extreme the further we get through the week,

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Speaker 1: with the Yugov poll towards the end of the week

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Speaker 1: suggesting that Labor will actually win. What eighty four seats,

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Speaker 1: so an outright majority on its own. We've heard a

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Speaker 1: lot about kind of scare campaigns about medicare and nuclear power,

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Speaker 1: not a huge amount about small business and older Australians.

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Speaker 1: We had four debates, no massive gafes, no massive winds either.

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Speaker 1: It's been fairly steady really, but we are finally there.

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Speaker 1: It is voting day.

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Speaker 2: I think that is the biggest story of the week.

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Speaker 2: An honorable mention though, to the inflation figures that came

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Speaker 2: out this week headline inflation at two point four percent,

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Speaker 2: underlying inflation, which the Reserve Bank keeps an eye on

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Speaker 2: two point nine percent. It is within the Reserve Bank's

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Speaker 2: target range and heading lower. What's that mean? Well, I

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Speaker 2: reckon we're going to get a rate cut on May

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Speaker 2: twenty Michael.

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Speaker 1: That is good news. Sean. What was your most remarkable story,

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Speaker 1: because there was a few around this.

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Speaker 2: Week, there were Woodside Energy's decision to push you ahead

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Speaker 2: with a twenty seven billion dollar LNG plant in the

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Speaker 2: south of the US. It basically puts Woodside into the

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Speaker 2: legion of global gas giants. The reason they've done it

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Speaker 2: is that they believe that gas will still be in

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Speaker 2: use for the next forty five years. So the shelf

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Speaker 2: life of this particular LNG plant is forty years. It'll

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Speaker 2: start producing in twenty twenty nine. That takes it through

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Speaker 2: to twenty seven twenty seventy. Now, obviously the current US

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Speaker 2: government doesn't mind fossil fuels, but what this shows is

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Speaker 2: that woodside reckons fossil fuels will still be needed for many,

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Speaker 2: many decades. Quite remarkable the size of the spend needed

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Speaker 2: and also the output. So this particular field could end

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Speaker 2: up producing five percent of the globes LNG.

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Speaker 1: Yeah, that is just huge from every angle. The other

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Speaker 1: remarkable thing was for me this week, US President Donald

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Speaker 1: Trump marked one hundred days in office. I don't think

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Speaker 1: there has ever been a US president who has done

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Speaker 1: more in just one hundred days. For instance, just as

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Speaker 1: an example, is signed one hundred and forty three executive orders,

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Speaker 1: which is more than any other president. I think it's

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Speaker 1: double what he signed kind of in his first one

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Speaker 1: hundred days last time he was president. But everything from

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Speaker 1: the tariffs of course, that just triggered that chaos on

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Speaker 1: financial markets. He's done a lot to cut government spending

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Speaker 1: and apartments with elon musks issued pardoned all over the place.

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Speaker 1: He's been involved heavily in global politics with Russia and Ukraine,

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Speaker 1: and in Gaza. He wants to annex Canada, all these

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Speaker 1: kinds of things. The week finished, though, Sean with his

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Speaker 1: first executive firing of this term, National Security Advisor Mike Waltz,

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Speaker 1: who was the one who set up the signal chat

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Speaker 1: that added a journalist to a classified discussion about military

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Speaker 1: strikes on Yemen, not just fired. In Donald Trump's eye,

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Speaker 1: He's probably received a fate worse than that. He has

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Speaker 1: been sent to be an ambassador to the UN. OUCH.

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Speaker 2: Michael Plenty of storied that billionaires this week, what was

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Speaker 2: your favorite billionaire story?

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Speaker 1: Oh, my favorite billionaire story was actually about Donald Trump.

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Speaker 1: Once again, not Trump as the subject of this story,

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Speaker 1: but Jeff Bezos, who is the owner, of course of Amazon,

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Speaker 1: the founder of it. And so what happened was Amazon

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Speaker 1: had floated the idea of listing when you buy a

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Speaker 1: product through the site, that it would itemize the impact

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Speaker 1: of the tariffs that the Trump tariffs have had on

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Speaker 1: the cost of that item. Anyway, Donald Trump didn't like

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Speaker 1: that much. He called Jeff Bezos up, just rang him

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Speaker 1: on the phone. We don't really know what was said.

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Speaker 1: We imagine there was a reasonable amount of pressure, replied

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Speaker 1: because all of a sudden, guess what, Amazon isn't going

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Speaker 1: to list the impact of the tariffs anymore.

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Speaker 2: Surprise, surprise, surprise.

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Speaker 1: What did you like billionaire story?

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Speaker 2: Oh? Look, I like the one about Elon Musk and

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Speaker 2: the rumors that came from the Wall Street Journal that

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Speaker 2: the board of Tesla was looking for a new CEO

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Speaker 2: and had spoken to executive search firms about it. Not

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Speaker 2: sure that Elon musk.

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Speaker 1: Knew about it.

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Speaker 2: The chair of the board, Robin Denholm, who is an Australian,

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Speaker 2: came out and said it's not true, but it did

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Speaker 2: come from the Wall Street Journal. And where there's smoke,

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Speaker 2: often there's fire.

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Speaker 1: Yeah, indeed, what was your favorite story? Just quickly?

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Speaker 2: I love the fact this probably reflects my age. Really.

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Speaker 2: A new study shows just an hour of weight training

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Speaker 2: a week, like two thirty minute sessions, can help people

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Speaker 2: gain significant muscle mass and strength. Basically, this study looked

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Speaker 2: at nine common upper and lower body gym exercises. People

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Speaker 2: were doing it until muscle fatigued, not failed, just fatigued.

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Speaker 2: Resulted in stronger, healthier muscles. That, of course protects against

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Speaker 2: things like diabetes, our thrit it's a range of other

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Speaker 2: diseases for a middle age man like me. That's the

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Speaker 2: sort of story you love.

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Speaker 1: Oh, that's good news for anyone who just doesn't like

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Speaker 1: going to the gym. Shoran just quickly honorable mention. For

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Speaker 1: the housing market, we found out this week that house

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Speaker 1: prices across the country rose for the third straight month

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Speaker 1: in April, adding around what twenty seven hundred dollars to

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Speaker 1: the median value of a home. The thing about this though,

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Speaker 1: was that it wasn't an isolated increase. It was every

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Speaker 1: capital city and regional area rose, which is just remarkable.

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Speaker 1: The strength and resilience of the housing market just keeps

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Speaker 1: on going. There we go five minutes and pretty much

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Speaker 1: everything you need to know in the world of business.

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Speaker 2: Thank you, Sean, Thank you Michael.

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Speaker 1: We'll be back on Monday morning with the top five

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Speaker 1: business stories in five minutes. Don't forget to hit follow

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Speaker 1: and join us online on Instagram, TikTok, LinkedIn, Facebook and

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Speaker 1: X are Michael Thompson and this is the fast five

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Speaker 1: Business is used by fear and great