1 00:00:04,920 --> 00:00:06,720 Speaker 1: Well, welcome to the update. 2 00:00:07,040 --> 00:00:08,160 Speaker 2: I'm Michelle Stevenson. 3 00:00:09,200 --> 00:00:09,319 Speaker 3: Well. 4 00:00:09,360 --> 00:00:12,960 Speaker 1: The Treasurer has welcomed the latest interest rate carts, saying 5 00:00:13,080 --> 00:00:16,440 Speaker 1: it'll take the pressure off millions of ozsies with the mortgage. 6 00:00:16,520 --> 00:00:19,040 Speaker 1: After keeping rates on hold. Last month, the RBA Board 7 00:00:19,079 --> 00:00:22,040 Speaker 1: voted unanimously to slash the official cash rate by a 8 00:00:22,120 --> 00:00:25,200 Speaker 1: quarter of a percent to three point six percent. Jim 9 00:00:25,239 --> 00:00:28,000 Speaker 1: Chalmers says the RBA's decision wouldn't be possible without the 10 00:00:28,040 --> 00:00:30,720 Speaker 1: progress Australians have made together on inflation. 11 00:00:31,040 --> 00:00:34,080 Speaker 4: These interest rate cuts and the progress that we've made 12 00:00:34,120 --> 00:00:36,479 Speaker 4: in our economy put us in good stead for the 13 00:00:36,479 --> 00:00:40,320 Speaker 4: global uncertainty that surrounds us and for the big economic 14 00:00:40,400 --> 00:00:42,720 Speaker 4: challenges which confront us as well. 15 00:00:42,880 --> 00:00:45,960 Speaker 1: The combined reductions will save homeowners with the average mortgage 16 00:00:45,960 --> 00:00:49,280 Speaker 1: about three hundred dollars a month. RBA Governor Michelle Bullerk 17 00:00:49,280 --> 00:00:51,519 Speaker 1: has signaled further rate cuts, though could also be on 18 00:00:51,600 --> 00:00:52,080 Speaker 1: the carts. 19 00:00:52,240 --> 00:00:55,000 Speaker 3: Forecasts imply that the cash rate might need to be 20 00:00:55,040 --> 00:00:57,400 Speaker 3: a bit lower than it is today to keep inflation 21 00:00:57,560 --> 00:01:00,760 Speaker 3: low and stable and employment growing. There is still a 22 00:01:00,760 --> 00:01:04,040 Speaker 3: lot of uncertainty, so the Board will continue to focus 23 00:01:04,080 --> 00:01:06,400 Speaker 3: on the data to guide its policy response. 24 00:01:06,920 --> 00:01:10,360 Speaker 1: The coalition has agreed to formally oppose Labour's decision to 25 00:01:10,480 --> 00:01:14,960 Speaker 1: recognize Palestinian statehood. The PM will officially acknowledge Palestine when 26 00:01:14,959 --> 00:01:17,520 Speaker 1: he heads to the United Nations next month. He says 27 00:01:17,560 --> 00:01:21,000 Speaker 1: frustration with Israel's actions in Gaza has pushed him to 28 00:01:21,040 --> 00:01:24,199 Speaker 1: make the diplomatic shift, but Opposition leader Susan Lee says 29 00:01:24,319 --> 00:01:25,200 Speaker 1: it is the wrong move. 30 00:01:25,480 --> 00:01:30,280 Speaker 2: It makes no sense to recognize a Palestinian state when 31 00:01:30,319 --> 00:01:34,000 Speaker 2: you have terrorists on the border of Israel who want 32 00:01:34,040 --> 00:01:36,000 Speaker 2: to see Israel destroyed. 33 00:01:36,600 --> 00:01:39,959 Speaker 1: Madonna, meantime, is called on Pope Leo to visit Gaza 34 00:01:40,040 --> 00:01:42,960 Speaker 1: before it's too late. The pop iconn asking the pontiff 35 00:01:43,000 --> 00:01:45,320 Speaker 1: to bring your light to the children. The Vatican has 36 00:01:45,480 --> 00:01:48,720 Speaker 1: yet to respond well. Teachers are being encouraged to share 37 00:01:48,720 --> 00:01:53,280 Speaker 1: their administrative burden by utilizing AI. The Productivity Commission says 38 00:01:53,360 --> 00:01:56,080 Speaker 1: it should be used to create lesson plans, mark homework 39 00:01:56,120 --> 00:01:59,160 Speaker 1: and give real time feedback to students, saving teachers almost 40 00:01:59,320 --> 00:02:02,280 Speaker 1: ten hours a week and two months after a near 41 00:02:02,320 --> 00:02:05,520 Speaker 1: record breaking lottery and the mystery winner is yet to 42 00:02:05,560 --> 00:02:08,240 Speaker 1: come forward, The winning one hundred million dollar powerball ticket 43 00:02:08,280 --> 00:02:10,880 Speaker 1: was purchased in Bondoi Junction lottery officials are now trawling 44 00:02:10,919 --> 00:02:13,960 Speaker 1: through CCTV in the hopes of tracking down the lucky customer. 45 00:02:14,240 --> 00:02:18,040 Speaker 1: It's port entertainment our next to Sport, and Carlton has 46 00:02:18,040 --> 00:02:20,200 Speaker 1: made a major change to its football department a week 47 00:02:20,240 --> 00:02:22,840 Speaker 1: after backing in coach Michael Voss the Blues a part 48 00:02:22,880 --> 00:02:26,160 Speaker 1: of ways a longtime head of football Brad Lloyd in 49 00:02:26,320 --> 00:02:29,360 Speaker 1: Entertainment News Now and While Taylor Swift is officially entering 50 00:02:29,440 --> 00:02:32,920 Speaker 1: a new era, announcing her twelfth studio album, The Life 51 00:02:33,040 --> 00:02:35,560 Speaker 1: of a Showgirl, the Superstar making the big reveal on 52 00:02:35,760 --> 00:02:38,079 Speaker 1: boyfriend Travis Kelsey's podcast. 53 00:02:37,800 --> 00:02:40,600 Speaker 2: So I wanted to show you something. Okay, what do 54 00:02:40,680 --> 00:02:41,080 Speaker 2: we got? 55 00:02:41,360 --> 00:02:47,520 Speaker 1: We got a briefcase? Yep, Nick Green, Yep. 56 00:02:48,400 --> 00:02:51,320 Speaker 2: This is my brand new album, The Life of a Showgirl. 57 00:02:52,320 --> 00:02:57,320 Speaker 1: To even the Empire State Building is welcoming new music 58 00:02:57,360 --> 00:03:00,640 Speaker 1: from Taylor. The iconic New York City Landmark turning while 59 00:03:00,720 --> 00:03:03,600 Speaker 1: taking to social media to say see you next era, 60 00:03:04,160 --> 00:03:06,120 Speaker 1: and Justin Bieber has taken to social media as well 61 00:03:06,160 --> 00:03:09,080 Speaker 1: to off his impressive collection of luxury cars, the singer 62 00:03:09,080 --> 00:03:12,680 Speaker 1: posting a series of CCTV images of his driveway featuring 63 00:03:12,760 --> 00:03:15,680 Speaker 1: two Mecedes, a range Rover and a cyber truck. That's 64 00:03:15,680 --> 00:03:17,400 Speaker 1: the latest from the Never Podcast news team. We'll have 65 00:03:17,400 --> 00:03:20,079 Speaker 1: another episode of the Update for you tomorrow. I'm Michelle Stevenson.