1 00:00:03,880 --> 00:00:06,400 Speaker 1: It's those days. The tenth of April twenty twenty five. 2 00:00:06,480 --> 00:00:09,039 Speaker 1: Welcome to the Fast five Business News by Fear and Greed, 3 00:00:09,039 --> 00:00:10,840 Speaker 1: where we give you the top five business stories you 4 00:00:10,920 --> 00:00:13,280 Speaker 1: need to know. When it's five minutes, I'm Michael Thompson 5 00:00:13,320 --> 00:00:16,560 Speaker 1: and good morning Sean Aylmer, Good morning, Michael Shawn. Five stories, 6 00:00:16,600 --> 00:00:19,480 Speaker 1: five minutes. Let's go a story number one. Global tariffs 7 00:00:19,520 --> 00:00:22,680 Speaker 1: are now officially in place, taking effect at two pm 8 00:00:22,880 --> 00:00:27,360 Speaker 1: Australian Eastern Standard Time yesterday. US President Donald Trump marked 9 00:00:27,400 --> 00:00:29,840 Speaker 1: the occasion by giving a ninety minute speech in which 10 00:00:29,840 --> 00:00:33,280 Speaker 1: he bragged that some countries will do anything to strike 11 00:00:33,320 --> 00:00:34,640 Speaker 1: a trade deal with America. 12 00:00:34,760 --> 00:00:37,519 Speaker 2: Trump mocked critics as well as other countries, and he 13 00:00:37,600 --> 00:00:41,240 Speaker 2: almost celebrated upcoming pain for some of his training partners. 14 00:00:41,280 --> 00:00:44,600 Speaker 2: It's worth creating, the president. They've ripped us off left 15 00:00:44,600 --> 00:00:47,120 Speaker 2: and right, but now it's our turn to do the ripping. 16 00:00:47,159 --> 00:00:49,920 Speaker 2: I'm telling you, these countries are calling us up, kissing 17 00:00:49,920 --> 00:00:50,440 Speaker 2: my ass. 18 00:00:50,600 --> 00:00:51,000 Speaker 1: They are. 19 00:00:51,280 --> 00:00:52,520 Speaker 2: They're dying to make a deal. 20 00:00:53,920 --> 00:00:55,560 Speaker 1: That was in the script on the Outlive. 21 00:00:56,360 --> 00:01:00,400 Speaker 2: He also defended criticism of himself. He said, I know 22 00:01:00,440 --> 00:01:02,720 Speaker 2: what the hell I'm doing. Just in case we weren't sure. 23 00:01:02,840 --> 00:01:05,559 Speaker 2: The largest tariff is on China one hundred and four percent, 24 00:01:05,640 --> 00:01:09,440 Speaker 2: after Trump shifted it up from fifty four percent following 25 00:01:09,480 --> 00:01:13,520 Speaker 2: Beijing implementing a retaliatory tariff off thirty four percent. Relevant 26 00:01:13,560 --> 00:01:18,280 Speaker 2: to Australia, Trump said he'll shortly announce imposs on imported pharmaceuticals. 27 00:01:18,319 --> 00:01:20,840 Speaker 2: Still a sense that there's a way to go. These 28 00:01:20,920 --> 00:01:25,240 Speaker 2: still seem negotiating positions. Anthony Albernezia Prime Minister yesterday played 29 00:01:25,240 --> 00:01:28,160 Speaker 2: down the negative effects of tariffs. He argued that Australia 30 00:01:28,200 --> 00:01:31,000 Speaker 2: can capitalize on enormous opportunities in the wakes of the 31 00:01:31,120 --> 00:01:32,120 Speaker 2: in the wake of the tariffs. 32 00:01:32,240 --> 00:01:35,479 Speaker 1: Did markets believe him because it did seem like there 33 00:01:35,520 --> 00:01:37,880 Speaker 1: was another cell off yesterday. So maybe not, Yeah, maybe not. 34 00:01:37,959 --> 00:01:40,360 Speaker 2: Down two percent now about seven percent below where it 35 00:01:40,440 --> 00:01:42,800 Speaker 2: was a week ago Liberation Day. Biggest fear at the 36 00:01:42,840 --> 00:01:45,360 Speaker 2: moment is that the tariffs will cause a major slow 37 00:01:45,400 --> 00:01:48,800 Speaker 2: down in China, which is a major buyer of Australian commodities. 38 00:01:48,960 --> 00:01:52,720 Speaker 2: So minus are tumbling BADHP thirteen percent off in the 39 00:01:52,760 --> 00:01:54,800 Speaker 2: last five days for to s Q ten percent, Rare 40 00:01:54,920 --> 00:01:58,400 Speaker 2: eleven percent on all prices is the issue there. They 41 00:01:58,440 --> 00:02:00,880 Speaker 2: hit a seven month low yesterday, but udi giant woodsize 42 00:02:00,920 --> 00:02:03,000 Speaker 2: off nine eight percent as a price of all, tumble 43 00:02:03,080 --> 00:02:06,800 Speaker 2: Santos down twenty one percent, and mineral resources pick it 44 00:02:06,840 --> 00:02:08,200 Speaker 2: a lot if that's how you want to put it 45 00:02:08,280 --> 00:02:09,760 Speaker 2: forty percent in five days. 46 00:02:09,840 --> 00:02:11,880 Speaker 1: All right? Moving on to story number two now Sean 47 00:02:12,000 --> 00:02:14,919 Speaker 1: and fresh from the leaders debate the previous night, the 48 00:02:15,600 --> 00:02:18,000 Speaker 1: Prime Minister and the opposition leader were out on the 49 00:02:18,000 --> 00:02:19,720 Speaker 1: campaign trail yesterday. What was that up to? 50 00:02:19,880 --> 00:02:22,480 Speaker 2: Peter Dunton was pushing law and order issues, speaking and 51 00:02:22,520 --> 00:02:24,800 Speaker 2: out of Melbourne. He's promised to toughen bail laws and 52 00:02:24,800 --> 00:02:27,280 Speaker 2: to port non citizens guilty of crimes. He wants to 53 00:02:27,320 --> 00:02:29,200 Speaker 2: restrict the sale of knights the children and wants the 54 00:02:29,280 --> 00:02:31,800 Speaker 2: nation wide adoption of Queensland police powers to stop and 55 00:02:31,800 --> 00:02:35,080 Speaker 2: search people in public for weapons. Dalton continues to push 56 00:02:35,120 --> 00:02:38,880 Speaker 2: his energy agenda, visiting Bluescope Steel yesterday, saying his gas 57 00:02:38,919 --> 00:02:42,960 Speaker 2: policy will have an immediate effect. We found out during 58 00:02:43,000 --> 00:02:47,560 Speaker 2: that debate on Tuesday night that domestic gas will be sorry, 59 00:02:47,680 --> 00:02:50,120 Speaker 2: household gas bills will be seven percent cheaper under the plan, 60 00:02:50,360 --> 00:02:53,760 Speaker 2: industrial gas bills fifteen percent. Prime Minster Anthony Alberanezi was 61 00:02:53,960 --> 00:02:57,200 Speaker 2: in a Sydney opening Paddy's markets there. He said he 62 00:02:57,240 --> 00:02:59,600 Speaker 2: believes the study will avoid a recession, which is a 63 00:02:59,639 --> 00:03:02,680 Speaker 2: possible ability now because of those tariffs. He also criticized 64 00:03:02,720 --> 00:03:05,440 Speaker 2: calls by the Greens to scrap negative gearing and discounts 65 00:03:05,440 --> 00:03:06,600 Speaker 2: to capital gains tacks. 66 00:03:06,480 --> 00:03:09,720 Speaker 1: Story number three. If you like me, you've always dreamt 67 00:03:09,880 --> 00:03:12,720 Speaker 1: of buying a tropical island, Sawn. There's one coming up 68 00:03:12,720 --> 00:03:14,920 Speaker 1: for sale off the coast of Queensland. It's part of 69 00:03:14,919 --> 00:03:18,760 Speaker 1: that state government's efforts to rehabilitate some of the region's 70 00:03:18,760 --> 00:03:19,800 Speaker 1: abandoned islands. 71 00:03:19,919 --> 00:03:22,440 Speaker 2: Double Island off Palm Cove is up for sale. Was 72 00:03:22,560 --> 00:03:25,520 Speaker 2: bought four five point six eight million dollars over ten 73 00:03:25,560 --> 00:03:27,920 Speaker 2: years ago by a Chinese billionaire, but it's been left 74 00:03:28,040 --> 00:03:31,120 Speaker 2: vacant and dilapidated. The tourism lease on the island was 75 00:03:31,160 --> 00:03:33,200 Speaker 2: revoked in June twenty twenty four because of a non 76 00:03:33,200 --> 00:03:36,880 Speaker 2: compliance with conditions. According to the Australian Queensland Government's now 77 00:03:36,960 --> 00:03:40,840 Speaker 2: seeking expressions of interest for Double Island. You'll need some money. 78 00:03:40,840 --> 00:03:42,680 Speaker 2: Apart from the cost of buying the island. You have 79 00:03:42,720 --> 00:03:45,160 Speaker 2: to remediate it and then invest. You have to be 80 00:03:45,240 --> 00:03:47,960 Speaker 2: tourism and needs to be on tourism. The other islands 81 00:03:48,000 --> 00:03:51,200 Speaker 2: under the microscope at the moment, Great Keppel and Bramdon. 82 00:03:51,120 --> 00:03:55,640 Speaker 1: Story number four. Arguably the world's most senior banker, JP 83 00:03:55,800 --> 00:03:58,840 Speaker 1: Morgan CEO Jamie Diamond has had enough of people in 84 00:03:58,920 --> 00:04:01,760 Speaker 1: meetings checking their fans, and he wants to ban the 85 00:04:01,840 --> 00:04:03,360 Speaker 1: practice in his organization. 86 00:04:03,720 --> 00:04:06,080 Speaker 2: He certainly says he's had enough. He's sick of people 87 00:04:06,120 --> 00:04:09,480 Speaker 2: blatantly checking their phones and emails during meetings, labeling the 88 00:04:09,520 --> 00:04:13,800 Speaker 2: acts as disrespectful. In his annual letter to shareholders, he 89 00:04:13,840 --> 00:04:16,159 Speaker 2: says he always fixes one hundred percent of his attention 90 00:04:16,480 --> 00:04:19,520 Speaker 2: in a meeting. Darwin points out that people shouldn't have 91 00:04:19,560 --> 00:04:22,039 Speaker 2: to read the same email two or three times, saying 92 00:04:22,040 --> 00:04:24,520 Speaker 2: most can be dressed immediately, so just read it once 93 00:04:24,839 --> 00:04:27,320 Speaker 2: when you're not in a meeting. He said people should 94 00:04:27,360 --> 00:04:29,560 Speaker 2: really be working smarter, not longer. He also had a 95 00:04:29,560 --> 00:04:32,640 Speaker 2: crack at corporate lingo, saying it's one of his pet peeves. 96 00:04:32,640 --> 00:04:35,719 Speaker 2: In fact, he told people to talk like you speak 97 00:04:35,920 --> 00:04:37,440 Speaker 2: pretty good advice makes sense. 98 00:04:37,720 --> 00:04:42,159 Speaker 1: Last one story number five, normally friendly harmless sea lions 99 00:04:42,200 --> 00:04:46,080 Speaker 1: in southern California have started attacking surfers and beach goers. 100 00:04:46,320 --> 00:04:50,160 Speaker 1: They're affected by a neurological disorder brought on by algae. 101 00:04:50,240 --> 00:04:53,960 Speaker 2: For the past four years, a harmful algae bloom has 102 00:04:53,960 --> 00:04:57,000 Speaker 2: appeared off the coast of California, about six hundred kilometers 103 00:04:57,080 --> 00:04:59,839 Speaker 2: worth of it. Sea lions are not naturally aggressive creatures, 104 00:05:00,080 --> 00:05:02,640 Speaker 2: tax and humans are rare, but there have been several 105 00:05:02,640 --> 00:05:05,360 Speaker 2: in recent months. Scientists say the animals are suffering from 106 00:05:05,560 --> 00:05:10,760 Speaker 2: endomic acid toxicosis, a neurological condition caused by the algae. 107 00:05:11,120 --> 00:05:14,400 Speaker 2: Domic acid builds up in smaller fish sardines and jvs. 108 00:05:14,600 --> 00:05:17,320 Speaker 2: They're written by marine predators like dolphins, seals, and sea 109 00:05:17,360 --> 00:05:20,560 Speaker 2: lions and causes them to get sick. Many sea lines 110 00:05:20,600 --> 00:05:23,760 Speaker 2: along the coastline are suffering from symptoms like siegues and 111 00:05:24,000 --> 00:05:28,080 Speaker 2: intense lethargy. They often lead to death. Now, if treated, 112 00:05:28,440 --> 00:05:31,120 Speaker 2: sea lions have a fifty to sixty percent chance of recovering, 113 00:05:31,160 --> 00:05:33,800 Speaker 2: but in the meantime there's been a spate of these attacks. 114 00:05:33,960 --> 00:05:35,720 Speaker 1: All right, there, we go to the top five business 115 00:05:35,720 --> 00:05:38,000 Speaker 1: stories in five minutes. Thank you Sean, Thank you Michael. 116 00:05:38,040 --> 00:05:40,960 Speaker 1: It is Thursday, the tenth of April twenty twenty five. 117 00:05:41,040 --> 00:05:43,000 Speaker 1: Remember to hit follow on the podcast and if five 118 00:05:43,040 --> 00:05:45,480 Speaker 1: minutes isn't enough, you can find our longer daily show 119 00:05:45,839 --> 00:05:48,720 Speaker 1: called Fear and Greed wherever you listen to podcasts. I'm 120 00:05:48,760 --> 00:05:51,000 Speaker 1: Michael Thompson and that was the Fast five business news 121 00:05:51,000 --> 00:05:52,680 Speaker 1: by Fear and Greed. Have a great day.