1
00:00:03,760 --> 00:00:06,880
Speaker 1: It's Monday, the tenth of November twenty twenty five. Welcome

2
00:00:06,920 --> 00:00:09,320
Speaker 1: to the Fast five Business News by Fear and Greed,

3
00:00:09,320 --> 00:00:11,160
Speaker 1: where we give you the top five business stories you

4
00:00:11,240 --> 00:00:13,520
Speaker 1: need to know in just five minutes. Are Michael Thompson

5
00:00:13,560 --> 00:00:17,040
Speaker 1: and Good Morning, Sean Aylmer. Good Morning Michael, Sean. Five

6
00:00:17,079 --> 00:00:20,200
Speaker 1: stories in five minutes. Let's go a story number one.

7
00:00:20,320 --> 00:00:24,040
Speaker 1: Some of Australia's best known companies, including blue chips CSL

8
00:00:24,079 --> 00:00:27,360
Speaker 1: and James Hardy, have been among the worst performing stocks

9
00:00:27,400 --> 00:00:30,400
Speaker 1: so far in twenty twenty five. This year has been

10
00:00:30,520 --> 00:00:33,240
Speaker 1: unusual in the blue chip or near blue chip companies

11
00:00:33,280 --> 00:00:35,800
Speaker 1: have been dumped by investors, as have a bunch of

12
00:00:35,880 --> 00:00:40,280
Speaker 1: high profile names that were market favorites. Treasury, Wine, Estates,

13
00:00:40,360 --> 00:00:44,920
Speaker 1: James Hardy, Weistech, Global, Telix Pharmaceuticals, Goozmany Gomez, Dominoes and

14
00:00:44,960 --> 00:00:47,800
Speaker 1: CSL have all fallen by somewhere between thirty five and

15
00:00:47,840 --> 00:00:50,640
Speaker 1: fifty percent. The worst performer in twenty twenty five has

16
00:00:50,680 --> 00:00:53,520
Speaker 1: been Plumbing Group Reese, controlled by the Wilson family.

17
00:00:53,560 --> 00:00:56,520
Speaker 2: Not really a blue chip because there are so few shareholders,

18
00:00:56,680 --> 00:00:59,960
Speaker 2: but it had been consistently a strong performer on the ACE.

19
00:01:00,320 --> 00:01:02,840
Speaker 2: That was until March when it outlined problems in its

20
00:01:02,960 --> 00:01:05,600
Speaker 2: US business and much greater competition at home. Its share

21
00:01:05,640 --> 00:01:08,320
Speaker 2: prices half this year worse of a lot. Keep running

22
00:01:08,319 --> 00:01:10,399
Speaker 2: down the list of thirty percent past losses in twenty

23
00:01:10,440 --> 00:01:13,279
Speaker 2: twenty five, you can add Viva Energy, Flights Center Block,

24
00:01:13,520 --> 00:01:16,320
Speaker 2: owner of after Pay. These aren't tiny miners where a

25
00:01:16,360 --> 00:01:19,360
Speaker 2: commodity price has gone against them, but rather cash flow

26
00:01:19,440 --> 00:01:23,680
Speaker 2: positive businesses who have for various reasons been shunned by investors.

27
00:01:23,800 --> 00:01:24,600
Speaker 2: Very unusual.

28
00:01:24,880 --> 00:01:27,320
Speaker 1: Is there a theme running across these companies, something that

29
00:01:27,720 --> 00:01:29,280
Speaker 1: investors can actually draw on?

30
00:01:30,040 --> 00:01:32,520
Speaker 2: Not really, though at a stretch you could say operators

31
00:01:32,560 --> 00:01:34,200
Speaker 2: in the US have had a hard time of it.

32
00:01:34,280 --> 00:01:38,880
Speaker 2: That's certainly the case for Reese, Treasury, Wine, James Hardy, Block,

33
00:01:39,080 --> 00:01:43,000
Speaker 2: Tlix CSL so much on economic uncertainty in that market.

34
00:01:43,200 --> 00:01:46,600
Speaker 2: Macquarie Group is another that's been buffeted by US policy settings.

35
00:01:46,600 --> 00:01:49,400
Speaker 2: Doesn't quite fit into the worst performing category, still down

36
00:01:49,440 --> 00:01:52,040
Speaker 2: eight percent this year, same deal with Aristocrat Leisure down

37
00:01:52,120 --> 00:01:55,080
Speaker 2: nine percent. Why set Global has been more about corporate governance,

38
00:01:55,120 --> 00:01:58,320
Speaker 2: Guzman and Dominos more about valuations and where growth is

39
00:01:58,360 --> 00:02:01,200
Speaker 2: coming from. The implication for investors in all this is

40
00:02:01,240 --> 00:02:04,240
Speaker 2: that some returns, including super fund returns, might not be

41
00:02:04,360 --> 00:02:06,720
Speaker 2: quite as good as hoped, okay.

42
00:02:07,000 --> 00:02:10,400
Speaker 1: Story number two. Moderate Liberal MPs have warned that there

43
00:02:10,440 --> 00:02:13,760
Speaker 1: will be front bench resignations if the party abandoned a

44
00:02:13,800 --> 00:02:17,760
Speaker 1: commitment to net zero emissions, while Conservatives insists the term

45
00:02:17,840 --> 00:02:18,600
Speaker 1: must be dumped.

46
00:02:19,000 --> 00:02:22,120
Speaker 2: The Conservatives argue there needs to be a clear delineation

47
00:02:22,240 --> 00:02:24,400
Speaker 2: between the Libs and the government on the issue and

48
00:02:24,480 --> 00:02:26,640
Speaker 2: a Liberal Party will hold a series of internal party

49
00:02:26,680 --> 00:02:29,480
Speaker 2: meetings in canber this week to sort out the issue,

50
00:02:29,600 --> 00:02:32,320
Speaker 2: though both sides appear to becoming more and more entrenched.

51
00:02:32,480 --> 00:02:37,200
Speaker 2: Opposition front bencher Andrew Bragg yesterday said abandoning net zero

52
00:02:37,360 --> 00:02:41,120
Speaker 2: terminology in the party's climate policy was ridiculous given a

53
00:02:41,160 --> 00:02:44,800
Speaker 2: Stradius commitment under the Paris Agreement entered into under a

54
00:02:44,800 --> 00:02:47,400
Speaker 2: coalition government that of course, is to achieve and it

55
00:02:47,520 --> 00:02:49,920
Speaker 2: zero missions in the second half of the century. Bragg

56
00:02:50,000 --> 00:02:53,079
Speaker 2: indicated he'd quit Susan Lee's shadow ministry if the party

57
00:02:53,120 --> 00:02:55,240
Speaker 2: did not stay in the Paris Agreement.

58
00:02:55,760 --> 00:02:58,720
Speaker 1: Story number three sean it was the second busiest auction

59
00:02:58,840 --> 00:03:01,760
Speaker 1: week of the year in the preliminary clearance rate over

60
00:03:01,800 --> 00:03:05,320
Speaker 1: the seven days has come in at just under seventy

61
00:03:05,360 --> 00:03:08,520
Speaker 1: two percent, which suggests really that the housing market is

62
00:03:08,560 --> 00:03:09,600
Speaker 1: in pretty good health.

63
00:03:10,040 --> 00:03:12,520
Speaker 2: More than thirty one hundred homes when to waction more

64
00:03:12,560 --> 00:03:15,160
Speaker 2: than it's more expected this coming week. We are in

65
00:03:15,240 --> 00:03:18,280
Speaker 2: peak spring selling Zeason Michael. The driver of the strong

66
00:03:18,320 --> 00:03:21,280
Speaker 2: clearance rate result was Melbourne. It jumped from sixty six

67
00:03:21,360 --> 00:03:24,160
Speaker 2: percent a week ago to seventy three percent. Sydney came

68
00:03:24,200 --> 00:03:26,840
Speaker 2: in at seventy percent, actually lower than a week earlier.

69
00:03:27,160 --> 00:03:29,960
Speaker 2: Brisbane and Adelaide both led the way seventy eight percent,

70
00:03:30,000 --> 00:03:32,880
Speaker 2: act sixty four percent. Price is generally a holding up,

71
00:03:32,919 --> 00:03:35,680
Speaker 2: particularly for cheaper and mid range homes's.

72
00:03:35,760 --> 00:03:39,320
Speaker 1: During number four, around half a million Australians are taking

73
00:03:39,360 --> 00:03:42,480
Speaker 1: weight loss drugs every month and almost fifty percent of

74
00:03:42,600 --> 00:03:46,240
Speaker 1: users are actually buying them privately for up to six

75
00:03:46,360 --> 00:03:47,640
Speaker 1: hundred dollars per month.

76
00:03:48,080 --> 00:03:50,480
Speaker 2: I find this quite amazing. A study by the University

77
00:03:50,480 --> 00:03:53,480
Speaker 2: of New South Wales, as reported in the fin Review,

78
00:03:54,160 --> 00:03:57,200
Speaker 2: shows the surge in the usage of GLP one drugs,

79
00:03:57,240 --> 00:03:59,880
Speaker 2: many of which have been pushed by influences and celebrities.

80
00:04:00,080 --> 00:04:02,680
Speaker 2: Sales of the medicines marketed under the brand names of

81
00:04:02,760 --> 00:04:06,040
Speaker 2: Zempic and Munjaro surged in the five years to April

82
00:04:06,040 --> 00:04:08,720
Speaker 2: twenty twenty five. In that month, more than six million

83
00:04:08,960 --> 00:04:11,480
Speaker 2: units or monthly jabs were sold in Australia. The data

84
00:04:11,520 --> 00:04:15,440
Speaker 2: shows the study measure that sales and pharmaceutical Benefit Scheme data.

85
00:04:15,520 --> 00:04:19,559
Speaker 2: Some in the medical profession fear that Australia Australians taking

86
00:04:19,560 --> 00:04:22,679
Speaker 2: the drugs don't really have a medical need and despite

87
00:04:22,760 --> 00:04:25,040
Speaker 2: uncertainty around their long term side effects.

88
00:04:25,520 --> 00:04:29,120
Speaker 1: Last one sorry number five. Quantus Sean has set to

89
00:04:29,200 --> 00:04:32,120
Speaker 1: roll out a new class of flying for domestic travel.

90
00:04:32,200 --> 00:04:35,440
Speaker 1: You've already got economy, You've already got premium economy. Now

91
00:04:35,480 --> 00:04:38,440
Speaker 1: in between those two Economy plus I like it.

92
00:04:38,440 --> 00:04:41,200
Speaker 2: It's targeted at the shrinking number of corporate fliers, particularly

93
00:04:41,279 --> 00:04:46,080
Speaker 2: those attracted to Virgin's Economy X products. The carriers domestic

94
00:04:46,160 --> 00:04:48,560
Speaker 2: loads have been hit by job losses at big corporates

95
00:04:48,600 --> 00:04:50,800
Speaker 2: outside of mining, that is, like the banks for example,

96
00:04:51,160 --> 00:04:54,679
Speaker 2: have announced cost cutting measures. Also, COVID changed work patterns forever,

97
00:04:54,720 --> 00:04:58,280
Speaker 2: including the use of teleconferencing. Quantus's response is to create

98
00:04:58,360 --> 00:05:00,760
Speaker 2: this new class with up to forty percent more leg room,

99
00:05:00,839 --> 00:05:05,159
Speaker 2: priority boarding and access to overhead baggage space. The announcement

100
00:05:05,200 --> 00:05:07,920
Speaker 2: came as Quantas said it expects domestic revenue to rise,

101
00:05:07,920 --> 00:05:11,320
Speaker 2: they not as much as previously forecast. Leisure, small business

102
00:05:11,360 --> 00:05:15,400
Speaker 2: and resource demand remained strong. International revenue looks solid, though

103
00:05:16,160 --> 00:05:19,680
Speaker 2: the delay in eighty three eighties arriving will hurt revenues.

104
00:05:19,720 --> 00:05:23,400
Speaker 2: Somewhat helping will be the upcoming ashes test cricket series.

105
00:05:23,760 --> 00:05:27,040
Speaker 2: Investors weren't impressed. On Friday, quantus A share price tumbled

106
00:05:27,120 --> 00:05:27,719
Speaker 2: seven percent.

107
00:05:28,160 --> 00:05:30,640
Speaker 1: All right, there we go, the top five business stories

108
00:05:30,640 --> 00:05:33,080
Speaker 1: in five minutes. Thank you Sean, Thank you Michael. It

109
00:05:33,160 --> 00:05:36,240
Speaker 1: is Monday, the tenth of November twenty twenty five. Remember

110
00:05:36,279 --> 00:05:38,520
Speaker 1: to hit follow on the podcast, and if five minutes

111
00:05:38,520 --> 00:05:40,960
Speaker 1: isn't enough, you can find our longer daily show called

112
00:05:40,960 --> 00:05:43,760
Speaker 1: Fear and Greed wherever you listen to podcasts, or head

113
00:05:43,760 --> 00:05:46,479
Speaker 1: along to Fearangreed dot com dot au and sign up

114
00:05:46,520 --> 00:05:49,000
Speaker 1: for our free daily newsletter. Honestly, you think the Fast

115
00:05:49,080 --> 00:05:51,920
Speaker 1: five is fast the newsletter you can get across the

116
00:05:52,000 --> 00:05:54,440
Speaker 1: day's news in just three minutes. It's a great cheat

117
00:05:54,520 --> 00:05:56,640
Speaker 1: cheat for the day. I'm Michael Thompson and that was

118
00:05:56,640 --> 00:05:58,840
Speaker 1: the Fast five Business News by Fear and Greed. Have

119
00:05:58,920 --> 00:06:00,360
Speaker 1: a great day, U