1 00:00:03,840 --> 00:00:07,080 Speaker 1: It's Wednesday, the eleventh of February twenty twenty six. Welcome 2 00:00:07,120 --> 00:00:09,480 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,480 --> 00:00:11,240 Speaker 1: where we give you the top five business stories you 4 00:00:11,280 --> 00:00:13,400 Speaker 1: need to know in just five minutes. Oh Michael Thompson 5 00:00:13,440 --> 00:00:14,760 Speaker 1: and good morning Sean Aylmer. 6 00:00:14,960 --> 00:00:16,600 Speaker 2: Good morning Michael, Sean. 7 00:00:16,640 --> 00:00:18,520 Speaker 1: Before we get to the top five business stories in 8 00:00:18,560 --> 00:00:20,560 Speaker 1: five minutes, a very quick reminder that if you are 9 00:00:20,600 --> 00:00:22,800 Speaker 1: listening to this on Spotify, there is a very good 10 00:00:22,880 --> 00:00:26,000 Speaker 1: chance you're listening through the your daily drive playlist. That 11 00:00:26,079 --> 00:00:28,800 Speaker 1: playlist is going to disappear soon, So if you'd like 12 00:00:28,840 --> 00:00:31,000 Speaker 1: to keep listening to the Fast five, then please make 13 00:00:31,040 --> 00:00:34,680 Speaker 1: sure you hit follow on the podcast to all right now, follow, Follow, 14 00:00:34,760 --> 00:00:37,960 Speaker 1: Follow follows just in case he didn't get the message 15 00:00:38,000 --> 00:00:40,720 Speaker 1: the first five times, follow follow, Follow on with the 16 00:00:40,760 --> 00:00:44,360 Speaker 1: story Sean story number one. At Prime Minister Anthony Albanezi 17 00:00:44,520 --> 00:00:47,360 Speaker 1: has called on the Greens to turn down the temperature 18 00:00:47,360 --> 00:00:49,960 Speaker 1: when it comes to Australia's relationship with Israel and the 19 00:00:49,960 --> 00:00:53,400 Speaker 1: Middle East, saying he will not walk away from the 20 00:00:53,520 --> 00:00:55,960 Speaker 1: visit of Israel's President Isaac Herzog. 21 00:00:56,400 --> 00:00:58,640 Speaker 2: The PAM also called for more nuance in the debate 22 00:00:58,720 --> 00:01:01,240 Speaker 2: of conflict in the Middle East. He said discussion wasn't 23 00:01:01,240 --> 00:01:04,120 Speaker 2: helped by people thinking they had to totally support one 24 00:01:04,160 --> 00:01:07,840 Speaker 2: side or the other, comparing the debate to a football game. 25 00:01:08,120 --> 00:01:12,360 Speaker 2: Alberzi was talking after Green's MP Elizabeth Watson Brown demanded 26 00:01:12,400 --> 00:01:15,400 Speaker 2: the PM condemned what she called police violence in Sydney 27 00:01:15,440 --> 00:01:17,840 Speaker 2: on Monday night. She also called on the PM to 28 00:01:17,880 --> 00:01:21,120 Speaker 2: send Hurtzog home. Alberzi, who along with the Governor General 29 00:01:21,120 --> 00:01:23,880 Speaker 2: Sam Mossin, invited him to Australia in the wake of 30 00:01:23,880 --> 00:01:26,960 Speaker 2: the Bondi massacre, said Herzog was in Australia to support 31 00:01:27,000 --> 00:01:30,160 Speaker 2: the people who needed it. There were distressing scenes of 32 00:01:30,160 --> 00:01:33,959 Speaker 2: clashes between protesters and police at a pro Palestinian rally 33 00:01:34,000 --> 00:01:36,600 Speaker 2: on Monday night. A New South Wales Green's politician was 34 00:01:37,000 --> 00:01:40,280 Speaker 2: hospitalized during the clashes. At the rally, former Australian of 35 00:01:40,280 --> 00:01:43,959 Speaker 2: the Year Grace Team was speaking rather fervently against Israel. 36 00:01:44,280 --> 00:01:46,800 Speaker 2: Her comments sparked a call by One Nation politician Barnaby 37 00:01:46,840 --> 00:01:49,720 Speaker 2: Joys for her to give back her Australian of the 38 00:01:49,840 --> 00:01:54,840 Speaker 2: Year honor. Very uncomfortable situation. 39 00:01:55,000 --> 00:01:57,080 Speaker 1: I would say, yeah, I think that's fair and the 40 00:01:57,080 --> 00:01:59,240 Speaker 1: Greens have really been the focus of the political debate, 41 00:01:59,280 --> 00:02:03,400 Speaker 1: particularly given the Coalition and the ALP both support Herzog's visit. 42 00:02:04,160 --> 00:02:07,960 Speaker 1: Away from that story, Sean, the Liberal Party is continuing 43 00:02:08,000 --> 00:02:10,960 Speaker 1: to struggle. There was no leadership spill yesterday. That that 44 00:02:11,000 --> 00:02:13,120 Speaker 1: does not mean at all that there will not be 45 00:02:13,160 --> 00:02:16,280 Speaker 1: one today because Susan Lee's hold on the top job 46 00:02:16,360 --> 00:02:18,720 Speaker 1: is You've got to say tenuous at best, right our best. 47 00:02:18,840 --> 00:02:20,520 Speaker 2: Angus Taylor is the option for the Libs, but some 48 00:02:20,560 --> 00:02:22,840 Speaker 2: commentators are saying he doesn't actually want it yet. Now. 49 00:02:22,840 --> 00:02:26,440 Speaker 2: On Monday, Victorian senaters James Hume and Sarah Henderson how 50 00:02:26,480 --> 00:02:28,280 Speaker 2: to go at Lee. They were both, of course, dumped 51 00:02:28,320 --> 00:02:31,200 Speaker 2: from the front bench when Lee got the job. Yesterday, 52 00:02:31,360 --> 00:02:34,680 Speaker 2: Lee and Hume clashed in the party room. She basically said, 53 00:02:34,960 --> 00:02:38,079 Speaker 2: I mean. Hume said the party was heading towards electoral oblivion. 54 00:02:38,280 --> 00:02:41,160 Speaker 2: Lee responded, it's very simple. Stop talking about ourselves. This 55 00:02:41,320 --> 00:02:43,919 Speaker 2: unity's death At Sean's story. 56 00:02:44,000 --> 00:02:47,040 Speaker 1: Number two. Macquarie Group gave investors a briefing yesterday and 57 00:02:47,040 --> 00:02:49,639 Speaker 1: it focused on its Australian business and it sent out 58 00:02:49,720 --> 00:02:53,079 Speaker 1: a very clear warning to the big four banks. Macquarie 59 00:02:53,120 --> 00:02:56,040 Speaker 1: is after the home loan and the deposit market, and. 60 00:02:56,000 --> 00:02:58,320 Speaker 2: That's good for us because we're consumers. The more competition 61 00:02:58,360 --> 00:03:00,840 Speaker 2: in that market, the better. Actually doing a really good 62 00:03:00,919 --> 00:03:03,519 Speaker 2: job at winning share. Six percent of the mortgage market. 63 00:03:03,760 --> 00:03:05,440 Speaker 2: It has at the moment five times what it was 64 00:03:05,440 --> 00:03:07,200 Speaker 2: about a decade ago. Six point three percent of the 65 00:03:07,240 --> 00:03:09,799 Speaker 2: deposit market, which is double what it had about five 66 00:03:09,880 --> 00:03:12,000 Speaker 2: years ago. It doesn't have to be all things to 67 00:03:12,040 --> 00:03:14,440 Speaker 2: war people, which gives it an advantage over the big banks, 68 00:03:14,480 --> 00:03:16,960 Speaker 2: doesn't have some of the legacy tech systems of the 69 00:03:16,960 --> 00:03:20,520 Speaker 2: other four. Overall, Mcquarie reported higher profits across its four 70 00:03:20,560 --> 00:03:22,800 Speaker 2: business divisions in the December quarter and its share price 71 00:03:22,840 --> 00:03:25,959 Speaker 2: closed up half a percent. Today we hear from Commonwealth 72 00:03:26,000 --> 00:03:27,519 Speaker 2: Bank that's a big one. 73 00:03:27,720 --> 00:03:31,639 Speaker 1: Yeah, indeed. Story number three. Australia's Privacy Commissioner is looking 74 00:03:31,680 --> 00:03:36,480 Speaker 1: into whether cars with Internet connections SEAN are spying spying 75 00:03:36,520 --> 00:03:37,280 Speaker 1: on their drivers. 76 00:03:37,640 --> 00:03:39,600 Speaker 2: The pretense is that this is bad maybe it's a 77 00:03:39,640 --> 00:03:42,720 Speaker 2: good thing. The Commissioner has launched investigations into two car 78 00:03:42,760 --> 00:03:46,600 Speaker 2: makers over potential breaches of privacy laws. Privacy Commissioner Karlie 79 00:03:46,760 --> 00:03:50,400 Speaker 2: Kaine told a Senate Estimates hearing yesterday that the Office 80 00:03:50,400 --> 00:03:55,320 Speaker 2: of Australian Investigation Commissioner had those two inquiries underway. They 81 00:03:55,360 --> 00:03:58,600 Speaker 2: had done two other inquiries, but nothing came of those. 82 00:03:58,880 --> 00:04:01,280 Speaker 2: Now we don't really know what manufacturers are being examined, 83 00:04:01,320 --> 00:04:04,560 Speaker 2: but presumably they sell dozens or hundreds or thousands of 84 00:04:04,680 --> 00:04:07,440 Speaker 2: cars into this country. Most new vehicles are connected to 85 00:04:07,440 --> 00:04:09,480 Speaker 2: the Internet with built in mods, or paired with mobile 86 00:04:09,480 --> 00:04:11,920 Speaker 2: phones to provide services such as navigation. That's what the 87 00:04:11,920 --> 00:04:13,320 Speaker 2: Privacy commissioners worried about. 88 00:04:13,480 --> 00:04:15,320 Speaker 1: Yeah, if you don't like it, ride a bike. Story 89 00:04:15,360 --> 00:04:18,919 Speaker 1: number four sean big tech giant, Alphabet is looking to 90 00:04:19,000 --> 00:04:21,960 Speaker 1: sell a one hundred year bond, essentially an IOU that 91 00:04:22,040 --> 00:04:25,120 Speaker 1: will take one hundred years to pay back as it 92 00:04:25,160 --> 00:04:28,320 Speaker 1: looks for new ways to fund it's huge investments. Free 93 00:04:28,480 --> 00:04:31,720 Speaker 1: so called centry bonds are rare, not surprising mass but 94 00:04:31,880 --> 00:04:34,359 Speaker 1: according to the FT, bonds will be issued in pound 95 00:04:34,360 --> 00:04:37,599 Speaker 1: sterling US dollars and Swiss francs. Centry bonds are long 96 00:04:37,680 --> 00:04:41,200 Speaker 1: term borrowing at its most extreme, highly unusual, normally only 97 00:04:41,240 --> 00:04:44,440 Speaker 1: occur when interest rates are really low, normally by countries. 98 00:04:44,760 --> 00:04:46,960 Speaker 1: So Austrian and Argentina both did them in the last 99 00:04:46,960 --> 00:04:49,599 Speaker 1: twenty years. Only ever been one big tech example of 100 00:04:49,600 --> 00:04:51,800 Speaker 1: a century bond to IBM back in nineteen ninety six. 101 00:04:51,839 --> 00:04:54,400 Speaker 2: He's going to buy it. Well, insurance companies, super funds, 102 00:04:54,680 --> 00:04:57,160 Speaker 2: those sorts of people who have you know, they want 103 00:04:57,200 --> 00:05:00,160 Speaker 2: to buy long term assets but still trust I think 104 00:05:00,160 --> 00:05:00,840 Speaker 2: a company for one. 105 00:05:00,760 --> 00:05:05,160 Speaker 1: Hundred years, especially in an industry like tech where things 106 00:05:05,200 --> 00:05:08,480 Speaker 1: do change. Sean, Okay, last one story number five. The 107 00:05:08,520 --> 00:05:12,240 Speaker 1: medals being handed out at the Winter Olympics in Italy 108 00:05:12,600 --> 00:05:16,000 Speaker 1: are the most valuable ever awarded in the history of 109 00:05:16,040 --> 00:05:18,960 Speaker 1: the Games, and obviously it is thanks to the surge 110 00:05:18,960 --> 00:05:20,880 Speaker 1: in gold and silver prices. That's right. 111 00:05:20,880 --> 00:05:23,240 Speaker 2: Seven hundred gold, silver, and bronze medal will be presented 112 00:05:23,240 --> 00:05:26,799 Speaker 2: in events from skiing to ice hockey to curling. Personal favorite. 113 00:05:26,920 --> 00:05:29,760 Speaker 2: Gold prices doubled since Paris a couple of years ago. 114 00:05:29,880 --> 00:05:32,880 Speaker 2: Silver has triple. Now gold medals are actually gold plated, 115 00:05:32,920 --> 00:05:34,560 Speaker 2: so they're ninety two and a half cent silver. The 116 00:05:34,560 --> 00:05:37,960 Speaker 2: rest is gold. The value of them about two and 117 00:05:37,960 --> 00:05:41,120 Speaker 2: a half thousand U s dollars at market prices. Silver 118 00:05:41,240 --> 00:05:45,320 Speaker 2: medal worth about fourteen hundred US dollars. Now, I mean, 119 00:05:45,360 --> 00:05:47,240 Speaker 2: you chat one up on eBay, I'm sure you're going 120 00:05:47,240 --> 00:05:49,120 Speaker 2: to make more money than that. The actual record price 121 00:05:49,120 --> 00:05:51,080 Speaker 2: for a gold medal. It's one point four to seven 122 00:05:51,120 --> 00:05:53,040 Speaker 2: million US dollars, one of the four goals won by 123 00:05:53,120 --> 00:05:56,200 Speaker 2: Jesse Owens at the nineteen thirty six Olympic Games in Berlin. 124 00:05:56,440 --> 00:05:58,320 Speaker 2: It was sold thirteen years ago for that price. 125 00:05:58,960 --> 00:05:59,400 Speaker 1: Good story. 126 00:05:59,440 --> 00:05:59,520 Speaker 2: There. 127 00:05:59,560 --> 00:06:01,559 Speaker 1: We go to the top five business stories in five minutes. 128 00:06:01,560 --> 00:06:04,400 Speaker 1: Thank you, Sean, Thanks Michael. It's Wednesday, the eleventh of 129 00:06:04,440 --> 00:06:07,760 Speaker 1: February twenty twenty six. Remember to hit follow on the podcast, 130 00:06:07,760 --> 00:06:09,640 Speaker 1: and if five minutes isn't enough, you can find our 131 00:06:09,640 --> 00:06:12,760 Speaker 1: longer daily show called Fear and Greed wherever you're listening 132 00:06:12,760 --> 00:06:15,239 Speaker 1: to podcasts. I'm Michael Thompson and that was the past 133 00:06:15,240 --> 00:06:17,680 Speaker 1: five business news by Fear and Greed. Have a great day.