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Speaker 1: It's Wednesday, the twenty eighth of January twenty twenty six.

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Speaker 1: Welcome 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. O'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 in five minutes. Let's go with story number one.

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Speaker 1: BHP has become the largest company on the Australian share

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Speaker 1: market as the shift to miners away from previous market

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Speaker 1: leader Comonwealth Bank gathers pace.

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Speaker 2: While the likes of BHP, fourt Skeu Metals, Rio Tinto

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Speaker 2: and the gold miners Northern Star and Evolution Mining have

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Speaker 2: surged over the past twelve months, the four big bank's

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Speaker 2: share of the A six two hundred has dipped below

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Speaker 2: twenty five percent for the first time in several years.

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Speaker 2: The top five companies now comprise the Big four banks

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Speaker 2: plus Macquarrey, the five miners I just mentioned. Four big

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Speaker 2: retailers Woollies, Coals, Sigma Healthcare, which owns Chemist Warehouse, and

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Speaker 2: West Farmers, which of course owns Bunnings and Office works,

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Speaker 2: to pure play healthcare companies ce Sell, and RESMD. We

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Speaker 2: talk lots about tech and property companies. There's actually only

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Speaker 2: one property company in the top twenty five, that's Goodman.

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Speaker 2: One tech company which is Aria. Aria also places like Telstra,

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Speaker 2: TRANSERB and the Toll Road Group, Aristocrat Leisure, the gaming

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Speaker 2: machine manufacturer of Palete maker brand Bles and sure a Qbe.

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Speaker 2: It just shows the changing nature of the BOSS and

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Speaker 2: the lesser importance of financials. That ain't a bad thing.

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Speaker 2: Becoming less religned on the banking sector is good for diversification.

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Speaker 2: We're seeing all this growth of ets passive investing. This

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Speaker 2: isn't bad, Sean.

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Speaker 1: How important is the ASX two hundred in global terms?

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Speaker 1: Obviously it's very important to local investors, but how does

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Speaker 1: it fit into the global kind of space, particularly given

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Speaker 1: how easy it is now to invest offshore?

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Speaker 2: Okay, so the whole ax is worth about three point

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Speaker 2: four trillion dollars. If it was listed on Wall Street,

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Speaker 2: it would be the seventh biggest company, and Vidia, the

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Speaker 2: biggest company, is twice the size of the whole ASEX,

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Speaker 2: depending on how you look at it. Os The equity

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Speaker 2: is about one and a half to two percent of

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Speaker 2: global equities Wall Streets seventy two percent. So we're minnow,

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Speaker 2: We're not very big. Now, we still pay twelve percent

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Speaker 2: of our wages into super We've got all these super

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Speaker 2: funds trying to invest the money. It explains why they

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Speaker 2: are pushing overseas wall streets seventy two percent of global equities.

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Speaker 2: It also explains why they're looking at and investors are

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Speaker 2: looking more at private markets, private equity, venture capital, real estate, infrastructure,

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Speaker 2: private credit that's taking off in Australia. Those sorts of

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Speaker 2: trends will continue.

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Speaker 1: Okay, Moving on to story number two. Business conditions and

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Speaker 1: confidence rebounded last month sean suggesting growth momentum was pretty

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Speaker 1: solid into the end of twenty twenty five.

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Speaker 2: National Australian Bank monthly survey show's confidence up one point

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Speaker 2: to plus three. That's slightly blow the long run average.

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Speaker 2: Conditions up two points to plus nine, which is actually

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Speaker 2: above the long term average. All states are now reporting

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Speaker 2: positive conditions and confidence. This is good news, of course,

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Speaker 2: we won an economy that's chugging along, being supported by businesses.

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Speaker 2: It also adds weight to arguments that the Reserve Bank

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Speaker 2: needs to lift interest rates. Will find out much more

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Speaker 2: about that this morning at eleven thirty am when the

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Speaker 2: Bureau of Stats releases the December quarter in fation figures.

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Speaker 1: Storry number three, Queensland, Western Australia and South Australia SEAN

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Speaker 1: have been identified as the hottest property markets for this year,

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Speaker 1: while high prices are set to somewhat constrain New South

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Speaker 1: Wales and Victoria.

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Speaker 2: Catality's annual survey of real estate agents, bankers and lenders

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Speaker 2: and others in the property sector says the government's policies,

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Speaker 2: including the First Home Guarantee, has spurred increased activity. Eighty

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Speaker 2: seven percent of respondents reckoned prices will rise three point

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Speaker 2: five percent, said third four. About half said price growth

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Speaker 2: would be above five percent now. The latest Totality Home

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Speaker 2: Value Index shows that prices across the country are at

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Speaker 2: eight point six percent last year. In fact, prices are

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Speaker 2: up in every capital city, every regional market last year.

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Speaker 2: Where it's getting a bit tough. New South Wales sentiment's

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Speaker 2: positive but increasingly conditional due to high prices and stretched serviceability.

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Speaker 2: That means higher rates could hurt New South Wales more

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Speaker 2: than others. Victoria, well, it's lagging in price growth was

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Speaker 2: poor last year. What's happening Their higher property taxes reduced

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Speaker 2: in best participation soft the population flows is working against

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Speaker 2: that market.

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Speaker 1: Okay. Story number four. The TLMP Manique Ryan, whose seat

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Speaker 1: of Couyong in Melbourne pushed beyond forty degrees yesterday, has

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Speaker 1: made it somewhat humorous and very pointed suggestion about climate

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Speaker 1: change that we should name heat waves after the oil

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Speaker 1: and gas companies.

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Speaker 2: She argued that heat waves, which are more common in

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Speaker 2: recent years, should be treated like other extreme weather events

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Speaker 2: so people can consider their cause. Extreme heat wave heat

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Speaker 2: waves stresses the heart, destabilizes diabetes, worsens respiratory conditions, and

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Speaker 2: intensifies mental health incidents, according to Menick Ryan, who is

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Speaker 2: a GP doctor. Ryan says heat waves are bigger killers

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Speaker 2: than fludstorms and bushfires combined. I quote her, when it

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Speaker 2: comes to climate has its people like faster when they

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Speaker 2: imediately grasp what's at risk. Declaring a category four heat

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Speaker 2: wave Santos or heat wave Woodside would be more salient

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Speaker 2: than communicating a temperature spike. And it's quat a bit

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Speaker 2: rough on the energy giants, but amusing nonetheless.

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Speaker 1: Yeah, indeed, last one, Story number five, Donald Trump's meme

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Speaker 1: coin has tumbled more than ninety percent in price from

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Speaker 1: its peak a year ago, a bit of a sign

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Speaker 1: of how the excitement around the US president's controversial cryptocurrency

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Speaker 1: has well evaporated launched.

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Speaker 2: It was launched ahead of his inauguration in January last year.

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Speaker 2: The Dollar Trump mean coin went from buck twenty to

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Speaker 2: seventy five thirty five. Today it's around four dollars eighty three.

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Speaker 2: A couple of days after Dollar Trump was launched, his

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Speaker 2: wife Milania Trump also debuted a mean coin price of

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Speaker 2: that went to thirteen dollars seventy three now about seventeen cents.

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Speaker 2: That's a full of ninety nine percent from its feet. Basically,

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Speaker 2: the Trump's crypto activities have generated more than billion dollars

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Speaker 2: in pretext profits according the ft for them, but the

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Speaker 2: heat has definitely come out of the market when it

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Speaker 2: comes to investors.

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Speaker 1: Yeah, it does seem that way. There we go to

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Speaker 1: the top five business stories in five minutes. Thank you Sean,

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Speaker 1: thank you Michael. It's Wednesday, the twenty eighth of January

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Speaker 1: twenty twenty six. Remember to hit follow on the podcast,

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Speaker 1: and if five minutes isn't enough, you can find our

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Speaker 1: longer daily show called Fear and greed where if you

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Speaker 1: listen to podcasts, I'm Michael Thompson and that was the

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Speaker 1: past five Business news by fear and greed. Have a

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Speaker 1: great day.