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Speaker 1: It's Tuesday, the third of March twenty twenty six. 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, Morning Michael Shawn. Before we

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Speaker 1: get into it, a very quick reminder, of course, that

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Speaker 1: if you're listening on Spotify and you are listening through

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Speaker 1: the your Daily Drive playlist, or even if you're just

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Speaker 1: generally listening on Spotify, hit follow on the podcast. That

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Speaker 1: playlist is going to disappear in the next couple of weeks,

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Speaker 1: very very soon in fact, and if you do not

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Speaker 1: follow us, you may not be able to find us again.

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Speaker 1: So hit follow. Do it today. Let's go Story number one.

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Speaker 1: Fighting in the Middle East has widened, with a dozen

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Speaker 1: countries now drawn into the conflict that began when the

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Speaker 1: US and Israel attacked Iran, killing that country Supreme leader.

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Speaker 1: Bombs continue to rain down in Iran and parts of

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Speaker 1: Israel as well, while the US reported its first casualties.

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Speaker 1: Oil prices surged yesterday, meaning higher prices at the bowser

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Speaker 1: in coming weeks. US President Donald Trump said his country

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Speaker 1: would avenge the death of three servicemen and that the

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Speaker 1: conflict could go on for another four weeks. Video footage

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Speaker 1: sean if you've seen this, shows massive explosions across Tehran,

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Speaker 1: the capital of Iran, US Central Command saying it had

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Speaker 1: struck more than one thousand targets in the country over

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Speaker 1: just forty eight hours. More than two hundred people were killed.

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Speaker 1: The Australian government has said that it supports the actions

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Speaker 1: of the US, adding that it stands with the Iranian people,

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Speaker 1: but critically, Defense Minister Richard Males said we did not

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Speaker 1: provide any practical support.

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Speaker 2: It seems at the timing of the attack over the

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Speaker 2: weekend surprise. Many countries has been planning for many weeks,

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Speaker 2: but there's a gathering of leaders, including the Supreme Leader

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Speaker 2: Aetola Ali Jamini, and the US and Israel took that

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Speaker 2: opportunity to attack. The action has sent the region into war. Lebanon.

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Speaker 2: In Lebanon, residents awake to the sound of explosions after

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Speaker 2: Israel conducted retaliatory strike against his Bela figures. Bahrain's military

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Speaker 2: said it did incept Iranian missiles and drones. Qatar told

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Speaker 2: its residents to remain indoors except for the case of

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Speaker 2: absolute necessity. Now Qatar hosts the largest US military base

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Speaker 2: in the Middle East.

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Speaker 1: It really is broadening, isn't it, Because then you've got

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Speaker 1: Britain's Royal Air Force Base Arcriteri hit by a suspected

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Speaker 1: drone strike. According to sky News. The UK's Ministry of

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Speaker 1: Defense has since confirmed that there were no casualties in

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Speaker 1: the incident, which are unfolded at its base in Cyprus.

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Speaker 2: Yes, that's right, Michael. The UAE said it's been targeted

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Speaker 2: with ballistic missiles and drones. Kuwait's also targeted. A man

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Speaker 2: was targeted. All that that apparently was an accident.

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Speaker 1: Okay. The other part of all of this, Sean, and

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Speaker 1: this is moving into story number two is the impact

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Speaker 1: on flights in and out of the Middle East. They

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Speaker 1: remain affected. Of course, Eddie had Qatar Emirates all suspending services.

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Speaker 1: Virgin Australia has canceled a lot of international flights, while

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Speaker 1: a Quantus has said's been no impact to its flights,

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Speaker 1: including between Singapore and London. Eleven percent of all international

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Speaker 1: travel out of Australia last year passed through the Middle East.

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Speaker 2: It's a lot pretty amazing. Oil prices jumped thirteen percent yesterday,

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Speaker 2: though they fell back a bit. They're kind of fetching

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Speaker 2: about seventy eight US dollars a barrel that'll feed through

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Speaker 2: to petrol prices. The big question is how long the

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Speaker 2: Strait of Hormuz will be closed. It transports around twenty

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Speaker 2: percent of the world's oil. Gold also rose yesterday. It's

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Speaker 2: trading around fifty three fifty US dollars and outs.

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Speaker 1: All right, sorry, number three. Let's talk about market Sean

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Speaker 1: because the February reporting season is now over and earnings

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Speaker 1: beats outnumbered misses by two to one based on UBS numbers,

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Speaker 1: while guidance upgrades exceeded downgrades by three to one twelve

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Speaker 1: ASX one hundred companies. So big companies moved by more

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Speaker 1: than ten percent on results days, and AI investments by

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Speaker 1: companies like Comwealth, Bank, Telstra and Woollies look to be

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Speaker 1: paying dividends.

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Speaker 2: Yes, what refronts are really quickly Banks, Bumper Profit, Comwealth, Bang,

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Speaker 2: the others doing pretty well. They did quarterlies. The miners

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Speaker 2: did well, depending on what commodity you're on. Miners did well.

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Speaker 2: Energy companies not so much. Highlight for mine was the

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Speaker 2: fact that BHP's copper division, which includes gold and silver,

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Speaker 2: contributed more earnings in its iron or division. The retailers

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Speaker 2: generally did well. Wes Farmer Zone's bundings that was doing

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Speaker 2: pretty well. That like Harvey Norman's outlook statement wasn't very good.

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Speaker 2: JB hi Fi was pretty good, Telstroe good result. Disappointments

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Speaker 2: well tech stocks, not always because of earnings but because

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Speaker 2: of the threat of AI. Also health key companies.

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Speaker 1: Story number four. Federal Parliament was back yesterday with Angus

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Speaker 1: Taylor leading the Liberals for the first time, but it

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Speaker 1: was really Pauline Hanson that grabbed the headlines after Labour

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Speaker 1: Senator Penny Wong pushed to censor Hanson for her comments

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Speaker 1: suggesting there were no good Muslims. Leader of the opposition

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Speaker 1: in the Senate, michauleey Cash said that while of course

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Speaker 1: the Liberals were against vilifying people on the basis of religion,

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Speaker 1: they would not support the motion.

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Speaker 2: Pauline Hanson called Wong's motion a stunt, then she left

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Speaker 2: the chamber, followed by the one mation senators. The censor

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Speaker 2: motion was passed, with Greens and independent MPs joining Labor

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Speaker 2: Apparently Australia, I mean in the House of Reps. Energy

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Speaker 2: ministers said that Australia has thirty six days of petrol

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Speaker 2: supply available, which is pretty good. Also meant to stay

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Speaker 2: for Anthony Abernezi and Treasure of Jim Chalmers. They both

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Speaker 2: had birthdays yesterday, same day.

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Speaker 1: Oh, happy birthday. Last one story number five change of

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Speaker 1: pace for this one. Sewan Survivor, which is one of

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Speaker 1: the most successful reality TV shows of all time and

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Speaker 1: a personal favorite of mine, has just kicked off its

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Speaker 1: fiftieth season, joining the short list of US programs like

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Speaker 1: Saturday Night Live and Sixty Minutes that have managed to

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Speaker 1: both stay on the air and really keep their audiences

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Speaker 1: long enough to do so.

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Speaker 2: And basically just test contestants ability, physical, mental, social strength.

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Speaker 2: Based on a nineteen ninety seven Swedish series called Expedition Robinson,

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Speaker 2: now it runs more than one a year. That's why

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Speaker 2: it's gotten to fifty seasons in about thirty years. Immediate success,

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Speaker 2: more than fifty million people. What's Survivor's first season finale.

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Speaker 2: The show's and cheap production costs inspired the green lighting

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Speaker 2: of plenty of other shows, like The Amazing Race the Mole,

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Speaker 2: even the Bachelor kind of can thank the fact that

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Speaker 2: we all are voyeurs and like watching real people get

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Speaker 2: overwhelmed when on camera. Fifty seasons later, still putting up

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Speaker 2: the numbers. It's got this massive back catalog. It was

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Speaker 2: nominated last year for an Emmy after accumulating four one

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Speaker 2: hundred and sixty two point four million viewing hours during

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Speaker 2: the year. That's not bad, more than double any other

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Speaker 2: nominee in the category, more than the rest of the

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Speaker 2: reality competition nominees put together. So still a winner.

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Speaker 1: Yeah, still going strong. There we go, the top five

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

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Speaker 2: Thanks Michael.

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Speaker 1: It is Tuesday, the third of March twenty twenty six.

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Speaker 1: Remember to hit follow on the podcast and five minutes

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Speaker 1: isn't enough. You can actually find our longer daily show

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Speaker 1: called Fear and Greed wherever you listen to podcasts. I'm

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Speaker 1: Michael Thompson and that was passed by Business News by

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Speaker 1: Fear and Greed. Had a great day.