1 00:00:03,800 --> 00:00:06,960 Speaker 1: It's Tuesday, the first of July twenty twenty five. Welcome 2 00:00:07,000 --> 00:00:09,400 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,400 --> 00:00:11,160 Speaker 1: where we give you the top five business stories you 4 00:00:11,200 --> 00:00:13,520 Speaker 1: need to know and just five minutes. I'm Michael Thompson 5 00:00:13,560 --> 00:00:14,760 Speaker 1: and good morning Adam. 6 00:00:14,560 --> 00:00:16,160 Speaker 2: Lange, and good morning to you Michael. 7 00:00:16,400 --> 00:00:18,880 Speaker 1: Adam. Five big stories to race through in just five minutes, 8 00:00:18,920 --> 00:00:21,880 Speaker 1: so we better get going Story number one. The SMPA 9 00:00:22,000 --> 00:00:25,120 Speaker 1: SEX two hundred has finished the financial year on a high, 10 00:00:25,360 --> 00:00:29,320 Speaker 1: with gold, tech stocks and financials showing the way. Energy 11 00:00:29,320 --> 00:00:31,920 Speaker 1: stocks were the worst performers, with the energy sub index 12 00:00:31,960 --> 00:00:35,400 Speaker 1: on the BOSS down more than thirteen percent. The material sector, 13 00:00:35,440 --> 00:00:38,680 Speaker 1: including the big miners, that was the second worst performing 14 00:00:38,720 --> 00:00:41,440 Speaker 1: sub index for the full year. How about this. The 15 00:00:41,520 --> 00:00:45,560 Speaker 1: local market ended up ten percent to eighty five hundred 16 00:00:45,560 --> 00:00:48,480 Speaker 1: and forty two points, having touched a record high on 17 00:00:48,880 --> 00:00:51,919 Speaker 1: June eleven of eighty six hundred and thirty nine point 18 00:00:52,000 --> 00:00:54,800 Speaker 1: one points from its bottom in April to its peak, 19 00:00:55,200 --> 00:00:59,240 Speaker 1: the BOSS jumped more than twenty percent orbit briefly. Undoubtedly, 20 00:00:59,360 --> 00:01:01,520 Speaker 1: gold stocks did best thanks to the big rises in 21 00:01:01,560 --> 00:01:03,760 Speaker 1: the price of the precious metal. In fact, four of 22 00:01:03,800 --> 00:01:06,959 Speaker 1: the top ten performers on the ASEX over five over 23 00:01:06,959 --> 00:01:09,720 Speaker 1: the last financial year were gold stocks. 24 00:01:09,200 --> 00:01:12,040 Speaker 2: So Michael away from Gold. Among the best performing stocks 25 00:01:12,080 --> 00:01:14,840 Speaker 2: over the past year is Sigma Healthcare, which did a 26 00:01:14,840 --> 00:01:18,440 Speaker 2: backdoor merger with Chemist Warehouse to create a retailing giant. 27 00:01:18,760 --> 00:01:21,319 Speaker 2: Its share price is up one hundred and thirty five percent. 28 00:01:21,720 --> 00:01:24,360 Speaker 2: Another very well performing retail over the past year is 29 00:01:24,400 --> 00:01:27,880 Speaker 2: Temple and Webster, the online retailer which goes from strength 30 00:01:27,920 --> 00:01:30,800 Speaker 2: to strength. Its share price has quadrupled over the past 31 00:01:30,880 --> 00:01:35,080 Speaker 2: two years. However, the however, the prize of best performer 32 00:01:35,160 --> 00:01:37,600 Speaker 2: on the ASEX two hundred for the year goes to 33 00:01:37,680 --> 00:01:41,120 Speaker 2: shipbuilder Ostel, which is the subject of a takeover battle. 34 00:01:41,319 --> 00:01:43,440 Speaker 2: Its share price is up more than one hundred and 35 00:01:43,480 --> 00:01:47,520 Speaker 2: fifty percent. Another very good performer is Generation Development, which 36 00:01:47,560 --> 00:01:50,880 Speaker 2: provides specialist financial products. Then there is a bunch of 37 00:01:50,960 --> 00:01:54,120 Speaker 2: tech stocks that have done very well. Technology one Life, 38 00:01:54,120 --> 00:01:57,200 Speaker 2: three sixty, Promedicus and zip Code. 39 00:01:56,800 --> 00:01:59,240 Speaker 1: And just super Quickly Adam. Taking a look at the 40 00:01:59,320 --> 00:02:02,000 Speaker 1: household name the larger companies, Some of the better performers 41 00:02:02,040 --> 00:02:05,880 Speaker 1: include JB Hi Fi, Quantas, Brambles Domain, the latter thanks 42 00:02:05,920 --> 00:02:08,560 Speaker 1: to a takeover offer. When you're talking about the megacaps, 43 00:02:08,600 --> 00:02:10,960 Speaker 1: the two companies on the course with the most shareholders, 44 00:02:11,040 --> 00:02:14,560 Speaker 1: Telstra and Commonwealth Bank, both returned around forty percent. Others 45 00:02:14,600 --> 00:02:16,680 Speaker 1: in that top tier to do very well Wes Farmer's 46 00:02:16,680 --> 00:02:18,959 Speaker 1: Aristocrat Leisure and Coal's Group. At the other end, he 47 00:02:19,000 --> 00:02:21,200 Speaker 1: really had some of the lithium companies that were well 48 00:02:21,240 --> 00:02:23,960 Speaker 1: and truly underperforming over the last twelve months. Moving on 49 00:02:24,040 --> 00:02:26,840 Speaker 1: now to story number two. Gold ADAM is set to 50 00:02:26,880 --> 00:02:30,400 Speaker 1: become Australia's third highest value export in the next year, 51 00:02:30,720 --> 00:02:34,840 Speaker 1: overtaking metallurgical coal and coming in behind iron ore and LNG. 52 00:02:35,520 --> 00:02:39,400 Speaker 1: A surging price of the precious metal has increased the 53 00:02:39,520 --> 00:02:42,239 Speaker 1: value of gold exports, according to a federal government report. 54 00:02:42,320 --> 00:02:45,800 Speaker 1: Helping exports to the fact that global central banks have 55 00:02:45,919 --> 00:02:50,200 Speaker 1: been diversifying their reserves away from US dollars and into gold, 56 00:02:50,600 --> 00:02:52,720 Speaker 1: really fueling that demand for the metal. 57 00:02:53,160 --> 00:02:57,040 Speaker 2: Yes, Michael Gold is continuing to shine. Australia's export earnings 58 00:02:57,040 --> 00:02:59,800 Speaker 2: from gold are expected to hit fifty six billion dollars 59 00:02:59,840 --> 00:03:03,440 Speaker 2: in the next year, compared with metallurgical coal exports that 60 00:03:03,520 --> 00:03:06,360 Speaker 2: are likely to remain steady at around forty billion. The 61 00:03:06,400 --> 00:03:10,040 Speaker 2: Department of Industry, Science and Resources June quarterly Resources and 62 00:03:10,160 --> 00:03:13,480 Speaker 2: Energy Report says the outlook for the overall resource and 63 00:03:13,600 --> 00:03:16,720 Speaker 2: energy export earnings was for a decline of four percent 64 00:03:17,000 --> 00:03:19,600 Speaker 2: to three hundred and sixty nine billion in the year ahead. 65 00:03:19,960 --> 00:03:22,760 Speaker 2: Iron Ore accounts for one quarter of exports, but will 66 00:03:22,800 --> 00:03:26,440 Speaker 2: be lower this new financial year. LNG earnings will also 67 00:03:26,520 --> 00:03:29,200 Speaker 2: fall slightly this year on the back of lower prices. 68 00:03:30,160 --> 00:03:32,880 Speaker 1: Number three Story Number three Adam. There are more challenges 69 00:03:33,040 --> 00:03:36,200 Speaker 1: for the Star group. Its Hong Kong investors have threatened 70 00:03:36,240 --> 00:03:39,080 Speaker 1: to walk away from a deal for Brisbane's new Queenswarf 71 00:03:39,120 --> 00:03:42,160 Speaker 1: casino and hotel complex. That's a move that would put 72 00:03:42,160 --> 00:03:46,640 Speaker 1: the already struggling group under extreme financial pressure. Hong Kong's 73 00:03:46,720 --> 00:03:50,600 Speaker 1: Chaotai Folk Enterprises and Far East Consortium each owned twenty 74 00:03:50,600 --> 00:03:53,320 Speaker 1: five percent of the Brisbane complex. In March, they said 75 00:03:53,360 --> 00:03:55,760 Speaker 1: they would buy stars fifty percent stake, as well as 76 00:03:55,760 --> 00:03:57,320 Speaker 1: the Treasury hotel and car park. 77 00:03:58,200 --> 00:04:01,520 Speaker 2: Yes, Michael, shall we say from gold Shine to Falling Star. 78 00:04:01,960 --> 00:04:04,680 Speaker 2: Documents were required to be signed by April thirty, but 79 00:04:04,760 --> 00:04:08,560 Speaker 2: a deal was never reached. Yesterday, Star told the ASX 80 00:04:08,600 --> 00:04:11,280 Speaker 2: that the joint venture partners plan to terminate the heads 81 00:04:11,280 --> 00:04:14,760 Speaker 2: of agreement. The Australian Financial Review is reporting that the 82 00:04:14,800 --> 00:04:17,680 Speaker 2: Star and its partners disagreed over key parts of the 83 00:04:17,720 --> 00:04:21,040 Speaker 2: original agreement. Star is in a better financial position than 84 00:04:21,040 --> 00:04:23,600 Speaker 2: it was in March when the initial agreement was signed. 85 00:04:23,839 --> 00:04:27,800 Speaker 2: Bali and Bruce Matheson agreed to inject three hundred million 86 00:04:27,880 --> 00:04:31,120 Speaker 2: into Star in April, saving the Casino group from collapse. 87 00:04:31,600 --> 00:04:34,400 Speaker 1: Adam from Shining Gold to falling Stars. You should get 88 00:04:34,400 --> 00:04:38,119 Speaker 1: a job writing headlines. That was perfection story number four. 89 00:04:38,200 --> 00:04:42,320 Speaker 1: Moving on quickly. Netflix might be the country's biggest streaming service, 90 00:04:42,360 --> 00:04:45,720 Speaker 1: but free to air TV still reigns, accounting for sixty 91 00:04:45,760 --> 00:04:50,120 Speaker 1: two percent of minutes watched on TV. Television measurement company OSTAM, 92 00:04:50,240 --> 00:04:54,359 Speaker 1: owned by the Freeware Broadcasters, has released its first Streamscape report, 93 00:04:54,640 --> 00:04:58,320 Speaker 1: which reveals the cumulative minutes of different paid streaming services, 94 00:04:58,600 --> 00:05:02,480 Speaker 1: free streaming apps, YouTube, and free to air aerial TV 95 00:05:02,560 --> 00:05:03,599 Speaker 1: watched by Australians. 96 00:05:03,960 --> 00:05:07,320 Speaker 2: That's right, Michael So Outside the sixty two minutes watched 97 00:05:07,320 --> 00:05:11,200 Speaker 2: on aerial TV, Netflix accounts for nine point three percent 98 00:05:11,240 --> 00:05:14,480 Speaker 2: of all viewing, while the major TV network apps ABC 99 00:05:14,600 --> 00:05:17,919 Speaker 2: iviews seven plus nine, Now ten Play and SBS on 100 00:05:17,960 --> 00:05:21,279 Speaker 2: demand they comprise eight point four percent of all viewing. 101 00:05:21,560 --> 00:05:25,080 Speaker 2: YouTube is next at seven point seven, then Disney Plus 102 00:05:25,120 --> 00:05:27,720 Speaker 2: and Amazon Prime. They're both on two point three percent. 103 00:05:28,040 --> 00:05:31,239 Speaker 2: Other services such as stan Binge, Apple TV, and Ko 104 00:05:31,640 --> 00:05:34,599 Speaker 2: together made up a combined eight point five percent. In 105 00:05:34,680 --> 00:05:38,920 Speaker 2: its report, os TAM says young demographics skew far higher 106 00:05:38,960 --> 00:05:42,800 Speaker 2: in streaming, YouTube and free streaming apps, whereas aerial TV 107 00:05:43,000 --> 00:05:44,840 Speaker 2: is more dominant among older viewers. 108 00:05:45,240 --> 00:05:47,880 Speaker 1: All right, last one story, number five. Canadian Prime Minister 109 00:05:47,920 --> 00:05:50,920 Speaker 1: Mark Carney says trade talks with the US have resumed 110 00:05:50,960 --> 00:05:54,880 Speaker 1: after Canada rescinded its plan to tax American tech firms. 111 00:05:55,360 --> 00:05:58,520 Speaker 2: Yeah, Michael, this turine keeps moving so quickly. US President 112 00:05:58,560 --> 00:06:01,839 Speaker 2: Donald Trump over the weekend spended trade talks with Canada 113 00:06:02,120 --> 00:06:05,839 Speaker 2: over its plans to continue with its tax on technology firms, 114 00:06:06,120 --> 00:06:09,159 Speaker 2: which Trump called quote a direct and blatant attack on 115 00:06:09,200 --> 00:06:12,120 Speaker 2: our country end of quote. The Canadian government said, in 116 00:06:12,200 --> 00:06:15,880 Speaker 2: anticipation of a trade deal, Canada would rescind the digital 117 00:06:15,960 --> 00:06:18,640 Speaker 2: services tax. The tax was set to come into effect 118 00:06:18,640 --> 00:06:21,680 Speaker 2: on Monday. Carne's office said he and Trump have agreed 119 00:06:21,720 --> 00:06:23,159 Speaker 2: to resume negotiations. 120 00:06:23,440 --> 00:06:25,400 Speaker 1: All right, there we go the top five business stories 121 00:06:25,440 --> 00:06:27,880 Speaker 1: in five minutes. Thank you, Adam, Thank you Michael. It 122 00:06:28,000 --> 00:06:30,960 Speaker 1: is Tuesday. The first of July twenty twenty five. Remember 123 00:06:31,000 --> 00:06:33,960 Speaker 1: to follow on the podcast, and if five minutes isn't enough, 124 00:06:34,000 --> 00:06:36,320 Speaker 1: you can find our longer daily show called Fear and 125 00:06:36,360 --> 00:06:39,400 Speaker 1: Greed wherever you listen to podcasts. I'm Michael Thompson and 126 00:06:39,440 --> 00:06:41,760 Speaker 1: that was the Fast five Business news by Fear and Greed. 127 00:06:42,040 --> 00:06:45,280 Speaker 1: Have a great day.