1 00:00:03,800 --> 00:00:06,840 Speaker 1: It's Tuesday, the tenth of June twenty twenty five. Welcome 2 00:00:06,880 --> 00:00:09,280 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,320 --> 00:00:11,200 Speaker 1: where we give you the top five business stories you 4 00:00:11,240 --> 00:00:13,640 Speaker 1: need to know when just five minutes. I'm Michael Thompson 5 00:00:13,680 --> 00:00:15,120 Speaker 1: and good morning Sean Aylmer. 6 00:00:15,280 --> 00:00:17,000 Speaker 2: Good morning, Michael, Sean. 7 00:00:17,040 --> 00:00:19,160 Speaker 1: Five stories, five minutes. Let's go a story. Number one. 8 00:00:19,160 --> 00:00:23,000 Speaker 1: Equities are outperforming the property and government bond markets so 9 00:00:23,079 --> 00:00:25,439 Speaker 1: far in twenty twenty five, though it must be said 10 00:00:25,440 --> 00:00:28,440 Speaker 1: no asset classes shooting the lights out as global uncertainty 11 00:00:28,480 --> 00:00:29,680 Speaker 1: ways on returns. 12 00:00:29,760 --> 00:00:32,159 Speaker 2: After some pretty good years for investors post COVID, the 13 00:00:32,240 --> 00:00:36,320 Speaker 2: three main asset classes, equitys bonds, and property are running 14 00:00:36,360 --> 00:00:39,280 Speaker 2: into headwinds. When I say property, I'm talking about residential property, 15 00:00:39,320 --> 00:00:42,839 Speaker 2: not commercial equities. First, the SMPA six two hundred is 16 00:00:42,920 --> 00:00:45,360 Speaker 2: up three point four percent in the first five months 17 00:00:45,360 --> 00:00:47,600 Speaker 2: of twenty twenty five. The gold stocks are far and 18 00:00:47,600 --> 00:00:49,879 Speaker 2: away the biggest winners, followed by the banks. Another big 19 00:00:49,880 --> 00:00:52,240 Speaker 2: winner is Telstrom. The energy stocks have been the biggest 20 00:00:52,280 --> 00:00:55,480 Speaker 2: laggards woodside for examples of ten percent. Healthcare companies haven't 21 00:00:55,520 --> 00:00:59,280 Speaker 2: done so well. CSAL market leader of twelve percent. Turning 22 00:00:59,280 --> 00:01:01,360 Speaker 2: the property price. This is across the capital cities. They 23 00:01:01,360 --> 00:01:03,840 Speaker 2: are up one point seven percent of the first five 24 00:01:03,840 --> 00:01:07,120 Speaker 2: months of the year. Plenty of disparity underneath that. Darwin's 25 00:01:07,120 --> 00:01:11,000 Speaker 2: actually been the standout this year among the capital cities. 26 00:01:11,160 --> 00:01:15,080 Speaker 2: Canberra has been the underperformer, Sydney, Melbourn, Adelaide, Perth all 27 00:01:15,160 --> 00:01:17,760 Speaker 2: up about one to two percent. If you dig into 28 00:01:17,760 --> 00:01:20,880 Speaker 2: the totality numbers, where you really wanted to be this year, 29 00:01:20,880 --> 00:01:23,680 Speaker 2: at least in property is regional South Australia. Prices abrop 30 00:01:23,720 --> 00:01:25,920 Speaker 2: seven percent. Bonds have been broadly flat for the year. 31 00:01:26,160 --> 00:01:27,640 Speaker 2: If you bought one at the beginning of the year 32 00:01:27,720 --> 00:01:30,800 Speaker 2: getting about the same as you would if you bought 33 00:01:30,800 --> 00:01:35,120 Speaker 2: one today. Now a bit hard to compare really bonds, 34 00:01:35,160 --> 00:01:37,639 Speaker 2: but their prices are up about one point seven percent. 35 00:01:38,160 --> 00:01:40,800 Speaker 2: What all that means equities have provided returns in twenty 36 00:01:40,840 --> 00:01:44,720 Speaker 2: twenty five about twice that of property and bonds broadly speaking. 37 00:01:45,040 --> 00:01:47,600 Speaker 1: Now, Sean, of course, we're not an investing podcast, and 38 00:01:47,680 --> 00:01:50,160 Speaker 1: just because it's happened previously doesn't mean it's going to 39 00:01:50,200 --> 00:01:53,160 Speaker 1: happen again. But what's the outlook here? What's the outlook 40 00:01:53,200 --> 00:01:54,120 Speaker 1: for the three markets? 41 00:01:54,320 --> 00:01:56,600 Speaker 2: These sorts of questions come with all sorts of caveats. 42 00:01:56,640 --> 00:01:58,800 Speaker 2: For example, you get coupon payments when you buy bonds, 43 00:01:58,880 --> 00:02:01,400 Speaker 2: rental payments if you're having investment home dividend payments for 44 00:02:01,480 --> 00:02:05,400 Speaker 2: your own shares. They're different, yeals, tax differently see a 45 00:02:05,440 --> 00:02:09,480 Speaker 2: financial planner. So plenty of wrinkles on any straight comparisons. 46 00:02:09,480 --> 00:02:11,760 Speaker 2: But broadly, analysts think equities are in for a rough 47 00:02:11,840 --> 00:02:14,600 Speaker 2: ride because of all the uncertainty out of Trump's tariffs 48 00:02:14,760 --> 00:02:17,400 Speaker 2: imp Shane Oliver expects equities to struggle, but they should 49 00:02:17,400 --> 00:02:20,120 Speaker 2: recover by the years. And Oliver expects bond unils to 50 00:02:20,160 --> 00:02:23,320 Speaker 2: stay where they are for a while, and property prices 51 00:02:23,400 --> 00:02:26,280 Speaker 2: should be supported by rate cuts, but few economists actually 52 00:02:26,320 --> 00:02:27,359 Speaker 2: expect a property boom. 53 00:02:27,680 --> 00:02:30,000 Speaker 1: Okay, I'm to story number two now. The number of 54 00:02:30,080 --> 00:02:33,239 Speaker 1: auctions held over the weekend fell sharply, which wasn't a 55 00:02:33,280 --> 00:02:38,359 Speaker 1: surprise really given the King's birthday long weekend. What was unexpected, though, Sean, 56 00:02:38,720 --> 00:02:41,560 Speaker 1: was the dramatic fall in the preliminary clearance rate. 57 00:02:41,639 --> 00:02:43,680 Speaker 2: It was down to sixty three point eight percent, the 58 00:02:43,720 --> 00:02:46,120 Speaker 2: lowest of the year, well below the seventy percent pace 59 00:02:46,160 --> 00:02:49,799 Speaker 2: of recent weeks. In Sydney, the preliminary clearance rate came 60 00:02:49,800 --> 00:02:52,600 Speaker 2: in at fifty nine point nine percent. That is one 61 00:02:52,600 --> 00:02:55,760 Speaker 2: of the lowest of the year. Melbourne maintained its pretty 62 00:02:55,800 --> 00:02:58,520 Speaker 2: good pace seventy one point five percent in fact six weeks, 63 00:02:58,600 --> 00:03:01,960 Speaker 2: running above that seventy percent level. Adelaide Brisbane camber around 64 00:03:01,960 --> 00:03:04,519 Speaker 2: fifty five sixty percent. Good news for homeowners and buyers, 65 00:03:04,520 --> 00:03:07,520 Speaker 2: though given everything that's happened in the economy the past 66 00:03:07,520 --> 00:03:11,600 Speaker 2: couple of weeks or so, most economists now think that 67 00:03:11,680 --> 00:03:14,840 Speaker 2: the Reserve Bank will cut interest rates in four weeks 68 00:03:14,880 --> 00:03:16,800 Speaker 2: time when the board meets. 69 00:03:16,560 --> 00:03:19,799 Speaker 1: Okay number three, story number three. It is a big 70 00:03:19,840 --> 00:03:22,639 Speaker 1: week for Apple, very exciting. If the media reports a 71 00:03:22,720 --> 00:03:24,600 Speaker 1: correct Sean, we will find out about one of the 72 00:03:24,600 --> 00:03:28,280 Speaker 1: biggest upgrades to the iOS operating system in years, as 73 00:03:28,320 --> 00:03:31,320 Speaker 1: well as renaming of future upgrades. 74 00:03:31,480 --> 00:03:34,880 Speaker 2: Apple's holding its annual Worldwide Developers Conference at it's Cappatino, 75 00:03:34,960 --> 00:03:38,120 Speaker 2: California headquarters this week. It's expected to announce a renaming 76 00:03:38,160 --> 00:03:41,360 Speaker 2: of upgrades to match the year, so iOS twenty twenty 77 00:03:41,360 --> 00:03:45,400 Speaker 2: six will reflect upgrades announced in twenty twenty six. One 78 00:03:45,440 --> 00:03:47,839 Speaker 2: little wrinkling that they're actually the twenty twenty five ones 79 00:03:47,840 --> 00:03:50,120 Speaker 2: they're calling twenty twenty six, but you get the gist 80 00:03:50,120 --> 00:03:52,600 Speaker 2: of what I'm saying here. Also, upgrades are tipped to 81 00:03:52,800 --> 00:03:56,119 Speaker 2: allow storing and sinking of login information for public Wi 82 00:03:56,120 --> 00:03:58,720 Speaker 2: Fi access points. The same eight stores your home Wi 83 00:03:58,760 --> 00:04:02,440 Speaker 2: Fi details and the Phanes battery will be used. Will 84 00:04:02,560 --> 00:04:04,760 Speaker 2: use AI to maximize its longevity. 85 00:04:05,520 --> 00:04:08,080 Speaker 1: Story number four sean There's been plenty going on in 86 00:04:08,080 --> 00:04:11,760 Speaker 1: the world of media, arts and entertainment, including Channel ten 87 00:04:12,080 --> 00:04:15,680 Speaker 1: dumping its current affairs flagship program The Project. 88 00:04:15,280 --> 00:04:17,600 Speaker 2: After sixteen years on air. It's getting the boot. The 89 00:04:17,720 --> 00:04:20,559 Speaker 2: show rose to prominence under host Carry Bigmore and Charlie 90 00:04:20,600 --> 00:04:23,279 Speaker 2: Pickering before a number of hosting changes in recent years. 91 00:04:23,680 --> 00:04:26,720 Speaker 2: Last episode June twenty seven and current host Wally to Ali, 92 00:04:26,839 --> 00:04:30,839 Speaker 2: Sarah Harris and Hamish McDonald will leave the network apparently. Meanwhile, 93 00:04:30,880 --> 00:04:33,480 Speaker 2: an Australian reporter for nine network has been hit by 94 00:04:33,480 --> 00:04:36,960 Speaker 2: a rubber bullet while covering the Los Angeles protests. Yesterday. 95 00:04:37,400 --> 00:04:40,800 Speaker 2: Nine's Lauren to Marsi was reporting from the city where 96 00:04:40,880 --> 00:04:43,640 Speaker 2: law enforcement and National Guard troops have been facing off 97 00:04:43,640 --> 00:04:48,040 Speaker 2: with thousands protesting against Donald Trump's mass deportations of allegedly 98 00:04:48,160 --> 00:04:51,560 Speaker 2: unlawful immigrants. To Marsi, microphone and hand had just finished 99 00:04:51,560 --> 00:04:54,400 Speaker 2: giving an update to camera when an officer standing befind 100 00:04:54,440 --> 00:04:58,880 Speaker 2: her raised his firearm. Fighter shot that hit her. She's okay, though. Finally. 101 00:04:58,920 --> 00:05:01,040 Speaker 2: Sarah Snook most famous for her role in the TV 102 00:05:01,120 --> 00:05:04,120 Speaker 2: show Succession as one of Tony Broadway's biggest award for 103 00:05:04,160 --> 00:05:07,080 Speaker 2: playing all twenty six characters in Sydney Theater Companies the 104 00:05:07,120 --> 00:05:08,440 Speaker 2: picture of doriing Gray. 105 00:05:08,560 --> 00:05:11,359 Speaker 1: Story number five. You mentioned those protests in Lasha on 106 00:05:11,440 --> 00:05:14,880 Speaker 1: the third day of these anti deportation protests have seen 107 00:05:14,920 --> 00:05:18,560 Speaker 1: clashes between law enforcement and demonstrators as President Donald Trump 108 00:05:18,600 --> 00:05:23,360 Speaker 1: and California's Governor Gavin Newsom trade barbs over who's responsible 109 00:05:23,360 --> 00:05:26,039 Speaker 1: for the chaos and who's responsible and for restoring order. 110 00:05:26,360 --> 00:05:29,200 Speaker 2: The arrival of National Guard troops deployed by Trump over 111 00:05:29,200 --> 00:05:33,440 Speaker 2: the weekend inflamed residents protesting the sweeping deportation policies of 112 00:05:33,480 --> 00:05:37,159 Speaker 2: the administration. Newsom formerly requested the White House to rescind 113 00:05:37,200 --> 00:05:40,560 Speaker 2: the unlawful deployment return troops to his command, warning would 114 00:05:40,560 --> 00:05:43,480 Speaker 2: only ramp up at tensions, Newsome urged people in the 115 00:05:43,520 --> 00:05:44,840 Speaker 2: streets to stay peaceful. 116 00:05:45,120 --> 00:05:45,280 Speaker 1: Now. 117 00:05:45,320 --> 00:05:48,360 Speaker 2: Many of the demonstrators ignored that crowds blocked a major 118 00:05:48,480 --> 00:05:52,080 Speaker 2: roadway through downtown. People set fire to several self driving 119 00:05:52,320 --> 00:05:56,200 Speaker 2: ride hailing vehicles on truth Social Trump described the unrest 120 00:05:56,240 --> 00:05:59,920 Speaker 2: as an attack on immigration enforcement efforts. I quote him, 121 00:06:00,160 --> 00:06:03,200 Speaker 2: a once great American city, Los Angeles, has been invaded 122 00:06:03,240 --> 00:06:06,839 Speaker 2: and occupied by illegal aliens and criminals. End quote. 123 00:06:07,040 --> 00:06:09,400 Speaker 1: All right, there we go, the top five business stories 124 00:06:09,440 --> 00:06:11,960 Speaker 1: in five minutes. Thank you Sean, Thank you Michael. It 125 00:06:12,040 --> 00:06:14,799 Speaker 1: is Tuesday, the tenth of June twenty twenty five. Remember 126 00:06:14,800 --> 00:06:17,119 Speaker 1: to hit follow on the podcast, and if five minutes 127 00:06:17,120 --> 00:06:19,400 Speaker 1: isn't enough, you can find our longer daily show called 128 00:06:19,440 --> 00:06:22,200 Speaker 1: Fear and Greed wherever you get your podcasts. I'm Michael 129 00:06:22,200 --> 00:06:24,400 Speaker 1: Thompson and that was the fast five business news by 130 00:06:24,400 --> 00:06:28,760 Speaker 1: Fear and Greed. Have a great day.