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Speaker 1: It's Monday, the eleventh of August 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 intu five minutes are Michael Thompson and

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Speaker 1: Good morning Adam Lang. Good morning Michael, Adam. Five stories

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Speaker 1: in five minutes. Let's get cracking the story. Number one.

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Speaker 1: Prime Minister Anthony Albanesi has brushed off calls to impose

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Speaker 1: sanctions on Israel after the Israeli government announced plans to

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Speaker 1: occupy Gaza City. The Prime Minister has spent the weekend

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Speaker 1: in New Zealand, where really geopolitics has pretty much entirely

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Speaker 1: dominated the agenda.

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Speaker 2: Yes, Michael, Mister Albanzi and New Zealand Prime Minister Christopher

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Speaker 2: Luxen met in Queenstown for an annual sit down, with

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Speaker 2: talks centering largely on China's presence in the Pacific and

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Speaker 2: a push for peace in the Middle East. The leaders

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Speaker 2: reiterated calls for an immediate cease fire and for the

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Speaker 2: unimpeded entry of aid into Gaza in response to what

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Speaker 2: Albanzi referred to as a humanitarian catastrophe unfolding on Friday

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Speaker 2: Israeli Prime Minister Benjamin Netie in Yahoo declared the country

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Speaker 2: would send ground troops into Gaza in the latest escalation

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Speaker 2: of the conflict. When asked by a reporter if he

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Speaker 2: had ruled out further sanctions on Israel, the Prime Minister said,

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Speaker 2: what we need to do here has have very clear

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Speaker 2: statements and actions by the Australian government that make a difference,

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Speaker 2: rather than respond to a slogan on a protest.

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Speaker 1: And the Prime Minister also rejected the idea that possible

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Speaker 1: trade retaliation from the US over recognizing Palestinian statehood would

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Speaker 1: affect Australia's position on the matter, saying we make our

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Speaker 1: own decisions. Basically. It came as Home Affairs Minister Tony

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Speaker 1: Burke suggested a Palestinian state could still be recognized even

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Speaker 1: if Hamas was still present, saying there is precedent for

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Speaker 1: Australia to recognize countries occupied by terrorist forces, referring to

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Speaker 1: recognizing Iraq and Syria previously when they were in part

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Speaker 1: controlled by ISIS. Moving on to story number two, now,

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Speaker 1: Adam and home buyers might have taken a slight breather

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Speaker 1: over the weekend with auction clearance rates just dipping a

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Speaker 1: little bit, perhaps pausing as they await the results of

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Speaker 1: the Reserve Bank's two day board meeting, which kicks off

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Speaker 1: today and culminates in an interest rate decision tomorrow afternoon, Michael.

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Speaker 2: Across Australia's capital cities, the combined preliminary auction clearance rate

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Speaker 2: fell to seventy one point seven percent, and that's its

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Speaker 2: softest result in six weeks, down from seventy two point

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Speaker 2: three percent. The week prior, Sydney logged a clearance rate

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Speaker 2: of seventy four point three percent, and that was the

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Speaker 2: ninth consecutive week above seventy percent. Melbourne's preliminary clearance rate

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Speaker 2: was seventy point nine percent, and that is a four

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Speaker 2: week low. Still, the numbers are reasonably strong and are

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Speaker 2: tipped to pick up again if and when the Reserve

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Speaker 2: Bank of Australia cuts rates and as the weather warms up.

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Speaker 1: Story number three. I love this one. Adam Timu and

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Speaker 1: Guzmani Gomez have taken out the top spots as Australia's

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Speaker 1: fastest growing consumer retail brands, each collecting more than a

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Speaker 1: million new customers in just one year.

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Speaker 2: Yeah, Michael, these are relatively new brands reaching a bigger audience.

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Speaker 2: Analyzing the financial transaction data over around ninety thousand Australians

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Speaker 2: and Waited against Australian Bureau Statistics Population estimates, research group

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Speaker 2: FONTO found almost thirty three percent of the population purchased

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Speaker 2: from Guzmany Gomez restaurants in the twenty twenty four to

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Speaker 2: twenty twenty five financial year. Teamu's growth equated to more

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Speaker 2: than one point three million new customers throughout the year.

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Speaker 2: Other notable mentions go to privately owned Baker's Delight, which

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Speaker 2: notched up almost one million new customers, and Chemists Warehouse,

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Speaker 2: with seven in ten Australians purchasing from its stores during

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Speaker 2: the year.

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Speaker 1: Sorry number four. Ukrainian President Vladimir Zelenski has rejected suggestions

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Speaker 1: from US President Donald Trump that a possible peace deal

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Speaker 1: between Ukraine and Russia could see the two countries swap land.

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Speaker 2: Presidents Vladimir Putin and Donald Trump will meet in the

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Speaker 2: United States state of Alaska on Friday, the first meeting

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Speaker 2: between the country's two leaders since Russia invaded Ukraine in

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Speaker 2: twenty twenty two. Announcing the meeting, Trump said there'll be

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Speaker 2: some swapping of territories to the betterment of both, without

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Speaker 2: providing further detail. Zelensky rejected the ideas, saying Ukraine will

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Speaker 2: not give Russia any awards for what it has done,

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Speaker 2: while also claiming any negotiations to end the conflict without

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Speaker 2: the Ukraine are decisions against peace that will never work.

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Speaker 1: Last one story number five Airbnb Adam is exploring its

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Speaker 1: future in perhaps somewhat surprisingly hotels.

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Speaker 2: Yes, it's found a new market, Michael. Airbnb CEO Brian

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Speaker 2: Chesky told investors the home rental business will be going

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Speaker 2: significantly more aggressively into hotels. The expansion, referred to as

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Speaker 2: an and not an ore strategy, is to plug the

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Speaker 2: gap from when home options may be limited, for instance

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Speaker 2: in cities and peak periods, or for travelers who just

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Speaker 2: prefer hotel amenities. Airbnb's second quarter earnings beat market expectations,

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Speaker 2: but investors hoping for a rebound in travel demand were

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Speaker 2: disappointed by warnings of tough months ahead, with investment in

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Speaker 2: new services and Trump's new trade tariffs set to weigh

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Speaker 2: on cour order three earnings margins.

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Speaker 1: All right, there we go the top five business stories

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Speaker 1: in five minutes.

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Speaker 2: Thank you Adam, Thank you Michael.

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Speaker 1: It is Monday, the eleventh of August twenty twenty five.

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

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Speaker 1: minutes just isn't long enough, you can find our longer

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Speaker 1: daily show called Fear and Greed wherever you listen to podcasts.

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Speaker 1: I'm Michael Thompson and that was the fast five business

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Speaker 1: news by Fear and Greed. Have a great day.