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Speaker 1: It's Wednesday, the ninth of April twenty twenty five. 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.

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Speaker 2: Good morning, Michael, Sean.

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Speaker 1: Five stories, five minutes. Let's go a story number one.

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Speaker 1: Share markets recovered yesterday, including the ASX, with tech and

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Speaker 1: energy companies surging, though investors warned that the turmoil, well

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Speaker 1: it isn't over yet.

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Speaker 2: No, Look, it was a bit of a breather yesterday,

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Speaker 2: in fact, was probably better than a breather. The SMPA

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Speaker 2: six two hundred rows more than two percent, the best

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Speaker 2: day since November twenty twenty two. It is still down

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Speaker 2: almost five percent from just before when Donald Trump announced

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Speaker 2: widespread tariffs, even though it went up two point three

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Speaker 2: percent yesterday. Close to ninety percent of stocks were up yesterday,

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Speaker 2: helping sentiment big time higher expectations that the Reserve Bank

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Speaker 2: will cut rates when it bored when it's board meets

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Speaker 2: in May. Some are calling for a fifty basis point reduction.

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Speaker 2: It is quite remarkable how quickly the mood has shifted

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Speaker 2: to will they wait't they to they will? We haven't

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Speaker 2: heard from the Reserve Bank, of course on that one.

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Speaker 2: The Aussie dollar also appreciated against the greenback, reaching sixteen

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Speaker 2: and a half US since oil prices came off their

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Speaker 2: recent loaders on all prices, though they continued to forall Michael.

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Speaker 1: Jean global trade tensions, They're not improving, are they, particularly

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Speaker 1: between China and the US. Beijing yesterday was vowing to

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Speaker 1: fight to the end amid these escalating trade tensions.

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Speaker 2: It started with Donald Trump's tariffs, putting an extra thirty

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Speaker 2: percent or thirty four percent on Chinese goods entering the US,

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Speaker 2: taking total tariffs to fifty four percent. Beijing retaliated with

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Speaker 2: a thirty four percent tariff on US goods. US president said, well,

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Speaker 2: I'm going to put another fifty percent on Chinese exports.

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Speaker 2: Getting ridiculous. A statement from the Shinwin News Agency yesterday

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Speaker 2: said the US threat to escalate tariffs is doubling down

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Speaker 2: on its mistakes, once again exposing its nature of coercion.

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Speaker 2: China Fern rejects this. There was a suggestion that tariffs,

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Speaker 2: which are judy kicking tonight, could be paused for ninety days.

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Speaker 2: The White House has said, now all this is causing

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Speaker 2: all sorts of ructions in markets. Only good news. Really.

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Speaker 2: There are some reports that the US has started talking

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Speaker 2: to training partners about reducing tariff's Japan, Israel, for example,

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Speaker 2: Australia is in a bit of a buy and though

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Speaker 2: we're got a government in a caretaker ahead of the election,

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Speaker 2: meaning can't do much with Washington until after the poll.

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Speaker 1: All right, turning to the story number two, now, Sean

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Speaker 1: retail traders still link to story number one. They've been

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Speaker 1: playing the share market in recent sessions, with investing platforms

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Speaker 1: actually reporting record trading volumes.

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Speaker 2: By the dip the same gays, and it seems that's

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Speaker 2: exactly what retail investors are trying to do. They did

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Speaker 2: that on Thursday, on Friday, and on Monday this week.

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Speaker 2: Each of those days the S and PAX two hundred

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Speaker 2: fell sharply. The big American textocs, global, ets, and gold

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Speaker 2: are among the most popular assets according to the Finn

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Speaker 2: Review Woodside BHP. Some of the big banks are also favorites.

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Speaker 2: On Monday, NAB Trade marked its biggest trading day ever,

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Speaker 2: with volumes surpassing the highest activity day during the pandemic

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Speaker 2: by more than ten percent.

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Speaker 1: Story number three. The two political party leaders faced off

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Speaker 1: last night in the first debate, with no clear cut winner.

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Speaker 1: Seana was a fairly tame affair, the economy, health care

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Speaker 1: and energy costs taking center stage.

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Speaker 2: There. Questions on handling Donald Trump, funding for public education

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Speaker 2: and universities, and immigration took seventeen minutes before we got

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Speaker 2: to the cost of living issues. We then mean a

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Speaker 2: lot of times spent on tax cuts, fuel excise, healthcare,

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Speaker 2: pharmacyalceutical benefits, the whole energy debate, but on views and

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Speaker 2: immigration that type of thing the Gaza conflict got to

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Speaker 2: run as well. The two answered questions from one hundred

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Speaker 2: undersided voters in Western Sydney. The debate was hosted by

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Speaker 2: Sky News and The Daily Telegraph and Someway ped Dunton

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Speaker 2: started probably better, but didn't seem to have as much

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Speaker 2: will a grasp on the detail that Anthony Albernizi did,

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Speaker 2: and Anthony Albereze certainly warmed up as it went on.

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Speaker 2: It's interesting the way Dunton called the Prime Minister Anthony

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Speaker 2: the whole time rather than mister Alberizi or the Prime

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Speaker 2: Minister almost adminished he's gravitasked by the end question as

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Speaker 2: we're calling am Anthony and Peter as well. I think

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Speaker 2: it was notable how well behaved the debate was compared

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Speaker 2: to what we've seen in US debates in recent times.

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Speaker 2: I'd say slightly humorless.

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Speaker 1: Michael story Number four. Consumer confidence in Australia has taken

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Speaker 1: a tumble amid the tariff war, with sentiment falling sharply

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Speaker 1: this month, erasing six months' worth of gains.

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Speaker 2: Sediment trended up throughout last year thanks to the Reserve

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Speaker 2: Bank's pivot to easing rates, state and federal governments, fiscal

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Speaker 2: support and the pretty strong jobs market, but it has

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Speaker 2: turned to corn well and in fact it fell back again.

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Speaker 2: According to the Westpac Melbourne Institute's survey, the recent US

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Speaker 2: tariff increases and large falls and share markets have dampened

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Speaker 2: the mood. In fact, sentiment reading of eighty seven was

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Speaker 2: down back ten percent versus March. Business confidence is also

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Speaker 2: negative according to the National Australian Bank Survey, which was

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Speaker 2: taken before the tariff announcement. Business conditions largely unchanged over

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Speaker 2: the month, but have continued to soften throughout the year.

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Speaker 2: The good news is that the NAB survey suggests overall

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Speaker 2: inflation pressures continue to ease. Of course, consumer and business

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Speaker 2: confidence is important because broadly, happier people are the more

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Speaker 2: they spend, the more they invest.

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Speaker 1: Indeed, last one story number five, Commonwealth Bank and Westpac

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Speaker 1: are considering removing the sixteen digit numbers from their credit

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Speaker 1: and debit cards, a move that master Card argues will

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Speaker 1: reduce fraud by preventing criminal hackers from stealing card details.

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Speaker 2: However, some payment experts argue numberless cards risk adding friction

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Speaker 2: to online commerce, given many customers still like to pay

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Speaker 2: online using physical cards and their wallets and typing in

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Speaker 2: the numbers. Michael, you're one of them. According according to

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Speaker 2: a report in the AFI, master Card, which works with

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Speaker 2: Commwealth Bank, Westpac and a bunch of smaller banks, released

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Speaker 2: a five year strategic plan. Said number of cards would

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Speaker 2: be accompanied by a new biometric checkout process known as

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Speaker 2: kick Click to Play. It involves online payments in Australia

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Speaker 2: being confirmed with an email address linked to a users

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Speaker 2: biometric data rather than a card number. Be interesting to

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Speaker 2: see what happens, Michael.

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Speaker 1: Indeed, all right, there we go. The top five business

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

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Speaker 1: It is Wednesday, the ninth of April twenty twenty five,

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Speaker 1: remembered hit follow on the podcast and if five minutes

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Speaker 1: isn't enough, you can find our longer daily show called

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Speaker 1: sign up for our free daily newsletter. It comes out

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Speaker 1: every morning by six o'clock. I'm Michael Thompson and that

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Speaker 1: was a fast five business news by Fear and Greed.

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Speaker 1: Had a great day.