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Speaker 1: It's Thursday, the twenty seventh of November twenty twenty five.

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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 Sewan.

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Speaker 1: Five big stories in five minutes. Let's go. Story number

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Speaker 1: one not great news. Anyone hoping for another interest rate

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Speaker 1: cut is going to be deeply disappointed this morning after

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Speaker 1: a jump in inflation pretty much wiped out any chance

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Speaker 1: of the Reserve Bank changing monetary policy anytime soon.

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Speaker 2: I'd even go further. Inflation figures like yesterday's keep flowing through,

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Speaker 2: then we'll be looking at rate rises. Headline inflation accelerated

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Speaker 2: to three point eight percent last month in annual terms,

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Speaker 2: well above the Reserve banks preferred two to three percent

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Speaker 2: target range, above the September reading as well. Housing and

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Speaker 2: food were the main contributors. Now. Housing that's mostly because

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Speaker 2: a lot of those rebates for energy actually fill out

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Speaker 2: of the system that pushed up housing prices. Underlying rate,

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Speaker 2: which takes out those more volatile items, came in at

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Speaker 2: three point three percent, still above the Reserve bankd target

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Speaker 2: above expectations, higher than last month. Just not much to

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Speaker 2: like about yesterday's BUIAU statistics figures. Services and inflation is

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Speaker 2: really important because it's much harder to get down than goods. Inflation. Well,

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Speaker 2: that's rising even outside energy costs. Other housing costs continue

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Speaker 2: to lift. That's front and center when it comes to

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Speaker 2: the cost of living pressures.

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Speaker 1: Now, this kind of data always has an effect on

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Speaker 1: markets and things, particularly when it's quite unexpected. What was

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Speaker 1: the reaction yesterday.

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Speaker 2: Well, basically, bond markets now reckan there's about a court

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Speaker 2: or like twenty five percent chance of a rate to

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Speaker 2: cut by the middle of next year. Ahead of yesterday's

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Speaker 2: figures was about a fifty percent chance, So they don't reckon.

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Speaker 2: There's much show there. The Aussie dollar jump, which means

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Speaker 2: people think that the Aussie dollar will do rates will

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Speaker 2: be relatively higher versus US rates. Federal Treasure of Jim

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Speaker 2: Tarmas pride try to sort of put a positive spin

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Speaker 2: on it. But what can you do, he said, inflations

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Speaker 2: higher than the government would like. Fair enough. Afterwards, all

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Speaker 2: these market economists came out and said, we reckon that

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Speaker 2: there's going to be rate hikes next year.

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Speaker 1: Yeah, ouch, okay. Moving on to story number two now

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Speaker 1: Sean and the gap between the best and worst super

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Speaker 1: funds in terms of servicing members is widening, according to regulators,

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Speaker 1: a situation that's really become quite critical because there's two

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Speaker 1: and a half million people expected to retire over the

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Speaker 1: next decade.

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Speaker 2: As it can. Apple yesterday released a review of the

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Speaker 2: super sector and warned that too many super funds have

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Speaker 2: put retiree savings at risk because service levels remain poor.

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Speaker 2: It's particularly relevant because so many people are approaching retirement

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Speaker 2: and need help now. A few years back, the government

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Speaker 2: introduced legislation that forced funds to come up with strategies

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Speaker 2: for their retiring members. Those strategies and advice that's supposed

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Speaker 2: to help members when they retire and know what to

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Speaker 2: do with their money after the age of sixty five

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Speaker 2: or whatever. Some super funds are doing much better, that's

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Speaker 2: the good news. However, others aren't, and the gap between

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Speaker 2: the good and the bad is widening.

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Speaker 1: Day Sean story number three, Harvey Norman reported solid sales growth,

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Speaker 1: while online retailer Temple and Webster has well and truly disappointed.

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Speaker 1: Continuing the run of very mixed results for retailers.

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Speaker 2: Harvey Norman posted nine percent increase in aggregate sales. That's

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Speaker 2: from July one to November twenty operates all over the place.

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Speaker 2: Harvey Norman Australia, New Zealand, Slavenia, Croatia Island, UK, Singapore

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Speaker 2: and Malaysia triggered a big jump in Harvey Norman's share

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Speaker 2: price yesterday. Other side of the story Temple and Webster

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Speaker 2: big jump in revenue eight percent, but less than expected

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Speaker 2: is share price felt thirty two point three percent yesterday.

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Speaker 2: Out funny thing about Temple and Webster. December is normally

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Speaker 2: a great month for retailers, not Temple and Webster. People

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Speaker 2: are out buying Christmas presents, not buying tables and stuff

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Speaker 2: like that.

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Speaker 1: Makes sense, I suppose. Story number four one for the travelers,

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Speaker 1: Sean Flight Center Travel Group has launched a new national

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Speaker 1: loyal program offering points on travel bookings across its brands

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Speaker 1: and more than three hundred partner companies. It's quite big.

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Speaker 2: Yes, it's free to join. Allows members to earn World

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Speaker 2: three sixty rewards on think you know flights, hotels, cruises, tours,

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Speaker 2: retail partners, all that sort of stuff. No blackout dates.

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Speaker 2: You can stack the rewards so you can get the

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Speaker 2: FLICK Frequent Flyer points as well as the World three

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Speaker 2: sixty points. Now, I'm not suggesting it's a good or

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Speaker 2: a bad idea. I'm not promoting flight Center. What I

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Speaker 2: am like about this story is that consumers at the

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Speaker 2: moment can shop around and get some really good benefits.

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Speaker 2: Obviously we're in the middle of the Black Friday Cyber

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Speaker 2: Monday sales, but even beyond that, because of the competition

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Speaker 2: in retail at the moment, some really good deals, loyalty programs,

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Speaker 2: that type of thing coming up.

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Speaker 1: Yeah, and Black Friday sales on international airfares too short.

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Speaker 2: It's another one. Michael. You're upset about that because you

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Speaker 2: were trying to buy some for your time and that

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Speaker 2: was a blackout period.

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Speaker 1: Yeah yeah, yeah. In fact, the flights were more expensive.

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Speaker 1: But I'm not going to talk about it, Sean, because

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Speaker 1: it just gets me far too cranky. Last one, story

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Speaker 1: number five. This is a story that you will be

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Speaker 1: telling everyone about at work today because it's a cracker.

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Speaker 1: A parking inspector and his wife have been arrested on

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Speaker 1: suspicion of embezzling more than a million euros or about

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Speaker 1: two million dollars from a small German town's parking meters.

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Speaker 2: The municipal employee is thought to have taken coins out

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Speaker 2: of parking meters in the town of Kempton and the

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Speaker 2: quotas on numerous occasions, million bucksworth of coins. Many occasions

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Speaker 2: placed him in a bank, basically the local institution. The

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Speaker 2: credit institution got a little bit suspicious because these two

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Speaker 2: kept wandering around putting all these coins into different banks accounts.

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Speaker 2: The inspector faces charges relating to seven hundred and twenty

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Speaker 2: alleged incidents of theft his wife something similar. Police searched

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Speaker 2: office premises in the early hours of twenty four November.

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Speaker 2: They came up and they arrested the forty year old

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Speaker 2: man in thirty or eight year old woman. Not clear

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Speaker 2: how long it might have taken the couple to accrue

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Speaker 2: the sum. He's what the said, two million dollars in coins.

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Speaker 1: Extraordinary. There we go the top five business stories in

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Speaker 1: five minutes.

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Speaker 2: Thank you Sean, Thank you Michael.

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Speaker 1: It's Thursday, the twenty seventh of November 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: and as well. Head on to Fearangreed dot com dot

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Speaker 1: au or check the link in today's show notes to

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Speaker 1: sign up for our free daily newsletter. I'm Michael Thompson

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Speaker 1: And that was the fast five Business news by Fear

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Speaker 1: and Greed. A great day,