1 00:00:03,920 --> 00:00:06,640 Speaker 1: It's Monday, the twenty third of June twenty twenty five. 2 00:00:06,720 --> 00:00:09,440 Speaker 1: Welcome to the Fast five Business News by Fear and Greed. 3 00:00:09,440 --> 00:00:11,200 Speaker 1: Whill we give you the top five business stories you 4 00:00:11,280 --> 00:00:13,399 Speaker 1: need to know. When it's five minutes, I'm Michael Thompson 5 00:00:13,440 --> 00:00:17,000 Speaker 1: and good morning, Sean Aylmer. Good morning, Michael, Sean. Five 6 00:00:17,040 --> 00:00:19,319 Speaker 1: stories in five minutes. Let's go with story number one, 7 00:00:19,360 --> 00:00:21,840 Speaker 1: A very serious one today, Sean. The US has attacked 8 00:00:21,960 --> 00:00:26,640 Speaker 1: three Iranian nuclear sites, joining the Israeli air campaign as 9 00:00:26,680 --> 00:00:30,880 Speaker 1: Tehran promises to retaliate. The direct involvement of the US 10 00:00:31,000 --> 00:00:34,400 Speaker 1: really does escalate the crisis to a new more threatening level. 11 00:00:34,520 --> 00:00:39,400 Speaker 2: Absolutely, USB two bombers dropped huge bunker buster bombs on 12 00:00:39,880 --> 00:00:43,240 Speaker 2: Iranian nuclear enrichment plants. According to The New York Times, 13 00:00:43,280 --> 00:00:47,520 Speaker 2: US President Donald Trump was quick to go to social media, 14 00:00:47,600 --> 00:00:50,400 Speaker 2: also held a press conference afterwards. He said the strikes 15 00:00:50,440 --> 00:00:55,400 Speaker 2: on Iranian nuclear facilities were a spectacular military success. He 16 00:00:55,520 --> 00:00:58,640 Speaker 2: called on Iran to now make peace. He also talked 17 00:00:58,680 --> 00:01:03,320 Speaker 2: about the three times it's completely and totally obliterated with 18 00:01:03,440 --> 00:01:06,160 Speaker 2: his words now. The Australian government acknowledged the US attack 19 00:01:06,200 --> 00:01:09,200 Speaker 2: and said Iran's nuclear program has been a danger to 20 00:01:09,280 --> 00:01:14,399 Speaker 2: international peace, but stopped short of publicly supporting the bombing. Too. 21 00:01:14,480 --> 00:01:18,240 Speaker 2: Military aircraft and one hundreds of Australian personnel are in 22 00:01:18,280 --> 00:01:21,560 Speaker 2: the Middle East, ready to evacuate Australians from Israel and 23 00:01:21,640 --> 00:01:25,160 Speaker 2: Iran if the opportunity arises. Problem at the moment is 24 00:01:25,200 --> 00:01:27,720 Speaker 2: that the airspace is pretty much closed now. The attacks 25 00:01:27,720 --> 00:01:30,880 Speaker 2: have drawn condemnation from many of Donald Trump's political opponents 26 00:01:31,080 --> 00:01:34,360 Speaker 2: and the United Nations. His supporters, of course, have praised it. 27 00:01:34,959 --> 00:01:39,880 Speaker 2: Last night there was a retaliatory action from Iran. Israeli media. 28 00:01:40,040 --> 00:01:43,120 Speaker 2: We're saying that missiles were hitting northern and central Israel, 29 00:01:43,440 --> 00:01:45,920 Speaker 2: with a number of cities including Tel Aviv affected. 30 00:01:46,280 --> 00:01:49,320 Speaker 1: Okay, that's the military side. What about market Sean. 31 00:01:49,200 --> 00:01:52,240 Speaker 2: Oil's the key barometer here. You can expect it to increase. 32 00:01:52,280 --> 00:01:55,920 Speaker 2: It's actually up thirty percent from its most recent low. 33 00:01:56,360 --> 00:01:59,560 Speaker 2: You would imagine this will disrupt oil supplies that will 34 00:01:59,560 --> 00:02:02,120 Speaker 2: push any prices up, So for many of us here, 35 00:02:02,160 --> 00:02:05,000 Speaker 2: the immediate effect for us will be higher prices at 36 00:02:05,000 --> 00:02:08,160 Speaker 2: the bowser. You can probably also expect equities to fall. 37 00:02:08,400 --> 00:02:10,799 Speaker 2: That's what you would normally think would happen, though in 38 00:02:10,800 --> 00:02:12,839 Speaker 2: a Donald Trump, Well, it's not so sure. The other 39 00:02:12,880 --> 00:02:15,680 Speaker 2: thing that is really noticeable if you look at flight radar, 40 00:02:16,080 --> 00:02:18,720 Speaker 2: the number of flights no longer flying in that zone. 41 00:02:18,760 --> 00:02:22,560 Speaker 2: Obviously it's sensible not to so. Commercial carriers like five 42 00:02:22,639 --> 00:02:25,520 Speaker 2: times as many per day are now flying over Afghanistan 43 00:02:25,960 --> 00:02:29,160 Speaker 2: than were a week ago because of this crisis. 44 00:02:29,360 --> 00:02:32,120 Speaker 1: Extraordinary. All right, onto story number two now, Sean, there 45 00:02:32,120 --> 00:02:35,040 Speaker 1: are some good news over the weekend for homeowners. Auction 46 00:02:35,200 --> 00:02:39,359 Speaker 1: rates jumped to their highest reading since July last year, and. 47 00:02:39,360 --> 00:02:42,000 Speaker 2: More than two thousand auctions over the last week, according 48 00:02:42,040 --> 00:02:45,040 Speaker 2: to Cotality, about five percent lower than last year. The 49 00:02:45,160 --> 00:02:48,519 Speaker 2: national preliminary clearance rate came in at seventy three point 50 00:02:48,639 --> 00:02:52,240 Speaker 2: nine percent. That is a very very good result. Melbourne 51 00:02:52,240 --> 00:02:54,280 Speaker 2: had the highest number of auctions, also one of the 52 00:02:54,320 --> 00:02:57,359 Speaker 2: best clearance rates at seventy six point six percent, and 53 00:02:57,800 --> 00:03:01,800 Speaker 2: that city's house prices are going again. In fact, it's 54 00:03:01,840 --> 00:03:05,040 Speaker 2: outperforming Sydney at the moment. It's clearance raight Sydney was 55 00:03:05,040 --> 00:03:07,320 Speaker 2: seventy three point five percent. Brisbane and Adelaide will high 56 00:03:07,400 --> 00:03:08,280 Speaker 2: Camera was flat. 57 00:03:08,480 --> 00:03:11,680 Speaker 1: Story number three shown. Qatar Airways has been named the 58 00:03:11,720 --> 00:03:14,120 Speaker 1: world's best airline for the second year in a row, 59 00:03:14,160 --> 00:03:17,280 Speaker 1: which is great news for new partner Virgin Australia, while 60 00:03:17,360 --> 00:03:19,160 Speaker 1: Quantus has moved up the rankings. 61 00:03:19,240 --> 00:03:22,320 Speaker 2: The Skytraks Airline Awards, which seem to be the main 62 00:03:22,360 --> 00:03:26,079 Speaker 2: awards for the industry, puts Quatar at number one, followed 63 00:03:26,080 --> 00:03:29,160 Speaker 2: by Singapore, Cafe, Pacific Emirates and All Nippon Airways. It's 64 00:03:29,240 --> 00:03:31,960 Speaker 2: the ninth time in the awards twenty sixty year history 65 00:03:31,960 --> 00:03:34,800 Speaker 2: that Quitars come out on top. The awards are determined 66 00:03:34,800 --> 00:03:36,840 Speaker 2: by online surveys filled out by more than twenty two 67 00:03:36,840 --> 00:03:39,440 Speaker 2: million customers. They have his three hundred and twenty five carriers. 68 00:03:39,800 --> 00:03:43,160 Speaker 2: Quantas moved up the rankings to fourteenth. Best results since 69 00:03:43,200 --> 00:03:46,320 Speaker 2: twenty twenty two is twenty four. Last year, the national carrier, 70 00:03:46,360 --> 00:03:49,520 Speaker 2: according to Skytrak's is the best carrier in the Asia 71 00:03:49,560 --> 00:03:53,120 Speaker 2: Pacific region. Virgin Australia will It won the award for 72 00:03:53,280 --> 00:03:57,880 Speaker 2: best Airline Staff Service in the Australia Pacific Region, also 73 00:03:58,000 --> 00:04:02,440 Speaker 2: the second best regional airline behind Bankok Airways. 74 00:04:02,800 --> 00:04:07,200 Speaker 1: Story number four nover nor Disk's new injectible obesity drug 75 00:04:07,320 --> 00:04:10,200 Speaker 1: has the potential to deliver higher weight loss than both 76 00:04:10,240 --> 00:04:12,960 Speaker 1: of the current market leaders. This is according to an 77 00:04:13,000 --> 00:04:14,280 Speaker 1: early stage trial. 78 00:04:14,640 --> 00:04:18,640 Speaker 2: Yeah early but forenomenal results. Participants in the trial of 79 00:04:18,800 --> 00:04:22,440 Speaker 2: injectible amy Creton lost an average of twenty four point 80 00:04:22,600 --> 00:04:25,600 Speaker 2: three percent of their body weight. That's quite it's a 81 00:04:25,680 --> 00:04:28,200 Speaker 2: quarter of it incredible when they are on the higher dose, 82 00:04:28,240 --> 00:04:30,760 Speaker 2: compared with one point one percent for those with a placebo, 83 00:04:31,120 --> 00:04:34,120 Speaker 2: according to report in the ft. Now, of course, the 84 00:04:34,200 --> 00:04:37,279 Speaker 2: drug companies are looking for this second generation of these 85 00:04:37,320 --> 00:04:41,479 Speaker 2: weight loss treatments. This particular one combines semaglutide, the active 86 00:04:41,600 --> 00:04:46,159 Speaker 2: ingredient in WGOVI, one OF's weight loss current weight loss drugs, 87 00:04:46,360 --> 00:04:48,920 Speaker 2: with something called emmelin, a hormone that promotes a feeling 88 00:04:48,920 --> 00:04:51,760 Speaker 2: of fullness. Put them together, you're ending up with some 89 00:04:51,839 --> 00:04:53,760 Speaker 2: really promising results. To begin with. 90 00:04:54,760 --> 00:04:57,640 Speaker 1: Last one, story number five. The family that owns the 91 00:04:57,839 --> 00:05:00,440 Speaker 1: La Lakers, which is one of the most recognizable names 92 00:05:00,440 --> 00:05:03,440 Speaker 1: in all sport, has agreed to sell its majority stake 93 00:05:03,760 --> 00:05:07,279 Speaker 1: in the team to Gugenheim Partner's chief executive Mark Walter 94 00:05:07,760 --> 00:05:13,000 Speaker 1: at evaluation of about ten billion US dollars. That's about 95 00:05:13,000 --> 00:05:15,479 Speaker 1: fifteen and a half billion Aussie dollars. 96 00:05:15,320 --> 00:05:17,880 Speaker 2: The highest amount ever paid for a sports team. The 97 00:05:17,920 --> 00:05:20,680 Speaker 2: sale will mark the end of an era which the 98 00:05:20,800 --> 00:05:23,760 Speaker 2: Bus family, who originally made their money in real estate. 99 00:05:24,080 --> 00:05:27,440 Speaker 2: It's that family has owned the Lakers since nineteen seventy nine. 100 00:05:27,720 --> 00:05:31,400 Speaker 2: Now Walter runs a massive private asset management firm. He's 101 00:05:31,400 --> 00:05:34,240 Speaker 2: already got a minority stake in the Lakers. He also 102 00:05:34,320 --> 00:05:37,919 Speaker 2: jointly owns the Los Angeles Dodgers baseball teams, part of 103 00:05:37,960 --> 00:05:43,680 Speaker 2: the EPL football team CHELSEAFC phenomenal. This Boston Celtics was 104 00:05:43,720 --> 00:05:46,320 Speaker 2: sold to Consortium earlier in the year. That was valid 105 00:05:46,320 --> 00:05:47,960 Speaker 2: to six point one billion dollars. We thought that was 106 00:05:48,000 --> 00:05:51,039 Speaker 2: a lot ten billion US for the Lakers. 107 00:05:51,240 --> 00:05:53,240 Speaker 1: Wow. All right, there we go, the top five business 108 00:05:53,240 --> 00:05:55,719 Speaker 1: stories in five minutes. Thank you Sean, Thank you Michael. 109 00:05:55,880 --> 00:05:58,280 Speaker 1: It's Monday, the twenty third of June twenty twenty five. 110 00:05:58,360 --> 00:06:00,520 Speaker 1: Remember to hit follow on the podcast and if five 111 00:06:00,560 --> 00:06:02,880 Speaker 1: minutes isn't enough, you're going to find our longer daily 112 00:06:02,920 --> 00:06:06,000 Speaker 1: show called Fear and Greed wherever you listen to podcasts. 113 00:06:06,040 --> 00:06:08,360 Speaker 1: I'm Michael Thompson and that was the fast five business 114 00:06:08,400 --> 00:06:11,080 Speaker 1: news by Fear and Greed. Have a great day.