1 00:00:05,000 --> 00:00:09,280 Speaker 1: Hello, Welcome to the update. I'm Schelde Stevenson. What the 2 00:00:09,320 --> 00:00:13,320 Speaker 1: Treasurer says, Escalating trade tensions are casting a dark shadow 3 00:00:13,480 --> 00:00:17,560 Speaker 1: over the global economy. After losing six percent on opening, 4 00:00:17,800 --> 00:00:20,200 Speaker 1: the a lords has recovered slightly, though to be down 5 00:00:20,280 --> 00:00:23,640 Speaker 1: around at three point seven percent, while international share markets 6 00:00:23,680 --> 00:00:27,120 Speaker 1: have seen massive sell offs. Jim Chalmers, though, says Australia's 7 00:00:27,120 --> 00:00:29,640 Speaker 1: economy is pretty well placed to handle the volatility. 8 00:00:29,840 --> 00:00:33,040 Speaker 2: What we're seeing here is the impact of a series 9 00:00:33,080 --> 00:00:38,520 Speaker 2: of bad decisions taken about tariffs, and the whole world 10 00:00:38,760 --> 00:00:41,640 Speaker 2: is trying to get their head around the impacts on 11 00:00:41,800 --> 00:00:45,040 Speaker 2: their own economies and the global economy as well well. 12 00:00:45,080 --> 00:00:47,519 Speaker 1: It seems that there's been a silver lining to the 13 00:00:47,560 --> 00:00:51,040 Speaker 1: global trade war sparked by those US tariffs. Ozsie home 14 00:00:51,080 --> 00:00:54,080 Speaker 1: borrowers are now expected to receive their most generous rate 15 00:00:54,120 --> 00:00:57,320 Speaker 1: cuts in more than a decade, with economists predicting the 16 00:00:57,440 --> 00:01:00,480 Speaker 1: RBA will slash the official cash rate by fifty basis 17 00:01:00,480 --> 00:01:03,920 Speaker 1: points next month. Many experts say further carts are likely 18 00:01:03,960 --> 00:01:08,119 Speaker 1: in July and August. All a majority government meantime could 19 00:01:08,120 --> 00:01:11,520 Speaker 1: be within reach for Anthony Abneasy as labor opens up 20 00:01:11,600 --> 00:01:15,040 Speaker 1: its lead over the Coalition after one week of campaigning. 21 00:01:15,360 --> 00:01:18,280 Speaker 1: It's as Peter Dutton struggles to control the narrative following 22 00:01:18,360 --> 00:01:22,040 Speaker 1: his working from home backflip for public servants, admitting that 23 00:01:22,160 --> 00:01:25,760 Speaker 1: he got it wrong. Star Entertainment's board has agreed to 24 00:01:25,800 --> 00:01:28,960 Speaker 1: hand control of the casino group to US based Bally's Corporation. 25 00:01:29,280 --> 00:01:32,240 Speaker 1: There thread a million dollar deal we'll stave off financial collapse. 26 00:01:32,319 --> 00:01:35,399 Speaker 1: With the proposal receiving the support of Stars Board and 27 00:01:35,560 --> 00:01:40,720 Speaker 1: its lenders, Victoria has secured the unenviable title as the 28 00:01:40,840 --> 00:01:44,920 Speaker 1: car jacking capital of Australia. New data shows there's more 29 00:01:44,959 --> 00:01:48,520 Speaker 1: than one carjacking in Victoria every day, with young offenders 30 00:01:48,560 --> 00:01:51,960 Speaker 1: behind seventy five percent of the crimes and a surgeon team. 31 00:01:52,000 --> 00:01:55,560 Speaker 1: Gambling has seen six hundred one thousand under eighteens betting 32 00:01:55,680 --> 00:01:58,960 Speaker 1: and spending over eighteen million dollars a year. New research 33 00:01:59,040 --> 00:02:02,240 Speaker 1: has revealed that three teens is gambling driven by constant 34 00:02:02,240 --> 00:02:05,880 Speaker 1: ads and links to major sports. Spot Entertainment downe next 35 00:02:06,880 --> 00:02:09,400 Speaker 1: to sport. An Oscar Piastri concedes he didn't do a 36 00:02:09,400 --> 00:02:11,880 Speaker 1: good enough job at the Japanese Grand Prix. The Aussie 37 00:02:11,919 --> 00:02:15,600 Speaker 1: driver celebrated his twenty fourth birthday with third place. Max 38 00:02:15,639 --> 00:02:19,760 Speaker 1: Vstappen came first, followed by Lando Norris in Entertainment News 39 00:02:19,760 --> 00:02:22,720 Speaker 1: Now and invites have gone out for the coveted met 40 00:02:22,800 --> 00:02:26,639 Speaker 1: gala with and a win tour personally approving the list, 41 00:02:27,000 --> 00:02:30,280 Speaker 1: reports A Doci, Shakira, and Lizzo have all made the 42 00:02:30,360 --> 00:02:34,400 Speaker 1: cut on a guest list that is pretty athlete heavy. Now, 43 00:02:34,440 --> 00:02:37,400 Speaker 1: a newly single Sydney Sweeney has enjoyed a girl's night 44 00:02:37,400 --> 00:02:41,040 Speaker 1: out with Emily Redakowski, the actress who recently broke off 45 00:02:41,040 --> 00:02:43,639 Speaker 1: her engagement, spotted walking hand in hand with the model 46 00:02:43,760 --> 00:02:47,720 Speaker 1: in New York City, and post Malone has also been 47 00:02:47,760 --> 00:02:49,960 Speaker 1: spotted doing a bit of shopping with his new girlfriend 48 00:02:49,960 --> 00:02:52,800 Speaker 1: in Paris. Now that's following his split from his fiance. 49 00:02:53,280 --> 00:02:56,000 Speaker 1: The singer looking dramatically slimmer as he hit eve Cell 50 00:02:56,120 --> 00:02:59,200 Speaker 1: role for some retail therapy. And that's the latest from 51 00:02:59,200 --> 00:03:01,280 Speaker 1: the nov podcast news team. We'll have another episode of 52 00:03:01,360 --> 00:03:03,519 Speaker 1: the Update for you tomorrow. I'm Michelle Stevenson.