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Speaker 1: It's Friday, the twenty eighth of March 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. I'm Michael Thompson

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Speaker 1: and good morning Sean Aylmer.

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Speaker 2: Good morning, Michael Shawn.

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Speaker 1: Five stories to get through in five minutes. Let's go

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Speaker 1: a story number one. The federal election could be called

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Speaker 1: as early as today, with voters likely to go to

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Speaker 1: the polls on Saturday, the third of May. The Prime

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Speaker 1: Minister Anthony Abernezi is expected to visit the Governor General

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Speaker 1: Sam Moston today and ask her to dissolve the current parliament. Now.

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Speaker 2: Both campaigns have been ready to go for weeks, but

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Speaker 2: excyclone Alfred delayed the trip to yar and Alumna, which

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Speaker 2: is where the Governor General lives. Yesterday afternoon, mister Alberanzi

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Speaker 2: said the election will be called imminently and assuming he

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Speaker 2: does that today, the elections on May three. Let's say

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Speaker 2: that's a thirty six day campaign. There was briefly a

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Speaker 2: post four minutes in fact, a post on x saying

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Speaker 2: the Department of Prime Minister and cabinet was in caretaker mode.

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Speaker 2: That's what happens when you call an election. It was

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Speaker 2: taken down, but not quickly enough for people not to

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Speaker 2: notice it. As we head to an election, betting markets

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Speaker 2: have a minority ALP government as he favored outcome in

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Speaker 2: the important measure of therred, Prime Minister Anthony Albanezi still

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Speaker 2: holds a lead over Peter Dunton. The election will be

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Speaker 2: fought on cost of living issues, with the government putting

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Speaker 2: its small tax cut announced in Tuesday's budget up against

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Speaker 2: a twenty five cents a leader reduction in petrol prices

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Speaker 2: promised by Opposition leader Peter Dutton last night.

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Speaker 1: The timing is interesting, isn't it. Sean making an announcement

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Speaker 1: today and pretty much leaking it yesterday kind of crowds

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Speaker 1: out the news cycle, meaning that not too many Aussies

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Speaker 1: will have taken too much notice at mister Dutton's budget

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Speaker 1: reply speech last.

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Speaker 2: Night, exactly the centerpiece of what Peter Dutton said was

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Speaker 2: a promise to lower household costs by cutting the price

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Speaker 2: of petrol via reducing excise tax on petroleum for a year.

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Speaker 2: Theoretically that had cut the cost of petrol by about

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Speaker 2: twenty five cents a lead about fourteen bucks a tank.

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Speaker 2: That compares to the ten dollars tax cuts the Alberanezi

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Speaker 2: government promised on Tuesday nights. We have tax cuts up

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Speaker 2: against lower petrol prices. Experts say the election will be

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Speaker 2: won in the outer suburbs, areas filling the pinch. Financially

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Speaker 2: biggest city with all that, Sydney. Sydney's going to be

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Speaker 2: very important in this election.

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Speaker 1: Yeah, indeed, all right on to story number two. Bit

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Speaker 1: of good news for travelers. Sean Australia has been accepted

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Speaker 1: into the US Global Entry Program, allowing Australian tourists and

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Speaker 1: business leaders and corporate travelers to join faster entry lanes

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Speaker 1: when they arrive in the US.

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Speaker 2: Those days of hassles at LAXJFK are over. Maybe not.

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Speaker 2: Federal Parliament has passed new laws providing for expedited clearance

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Speaker 2: processes at American airports from July onwards. Membership for the

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Speaker 2: Global Entry Program costs one hundred and ninety dollars in

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Speaker 2: the last five years. Their programs available only for pre approved,

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Speaker 2: low risk travelers who satisfy the US strict eligibility criteria.

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Speaker 2: Now the US ranks as the sixth most popular tourist destination,

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Speaker 2: with increasing numbers traveling to the US over the last

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Speaker 2: three years. There is almost the only country in the

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Speaker 2: top ten where the numbers remain well below pre COVID levels.

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Speaker 1: Wow staring Number three. I love this one. Sean Canadian

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Speaker 1: value retailer dollar Rama will buy local group the Reject Shop,

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Speaker 1: paying more than twice what the company is valued at

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Speaker 1: on the ASX.

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Speaker 2: Oh if only I had shares in the reject Shop

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Speaker 2: two days ago, it's sharepace jumped are one hundred and

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Speaker 2: eleven percent yesterday after dollar Rama offered six dollars sixty

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Speaker 2: eight a share. Wednesday's closing price for the Reject Shop

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Speaker 2: was three dollars fifteen. Chair of the retailer, Stephen Fisher

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Speaker 2: said the bid was attractive really you think provides for

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Speaker 2: shareholders of the board, and not surprisingly recommends investors take

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Speaker 2: the offer.

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Speaker 1: Great story doing. Number four. Apple has updated its Maps

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Speaker 1: app to display traditional Aboriginal names for places across Australia,

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Speaker 1: joining companies like Quantas and Australia Posts. All of them

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Speaker 1: do this now.

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Speaker 2: The map's update has been a four year project, with

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Speaker 2: Apple saying it's only scratched the surface in highlighting how

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Speaker 2: technology can help preserve culture and enhance education. Apple's worked

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Speaker 2: with indigenous advisors, cartographers, traditional owners, language holders, and community

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Speaker 2: members to complete the automatic upgrade, which went live yesterday afternoon.

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Speaker 2: According to the Australian Indigenous groups can also submit pictures

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Speaker 2: of their local communities to create place cards, generate further

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Speaker 2: awareness and similar updates being launched in New Zealand. It

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Speaker 2: brings Australia into line with the US and Canada, where

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Speaker 2: Apple's also displayed indigenous place names. Apple, of course, is

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Speaker 2: taking on Google Maps in the global map battle. I

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Speaker 2: myself M an Apple person. You're a Google person? Oh?

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Speaker 1: Face off? Last one story number five. US President Donald

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Speaker 1: Trump is placing twenty five percent tariffs on all auto imports,

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Speaker 1: a move that he says will foster domestic manufacturing and

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Speaker 1: help economic growth.

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Speaker 2: Maybe, but the biggest opponents of the tariffs are actually

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Speaker 2: the US car manufacturers in themselves, who source components from

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Speaker 2: around the world, meaning they'll face higher costs. Tesla, for example,

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Speaker 2: makes cars in Europe many days and up in the US.

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Speaker 2: Twenty five percent tariff shares in general motors forward in Stilantas,

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Speaker 2: which owns, Jeep and Crys some all fell on the news.

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Speaker 2: In Asian markets, Toyota and Hoyundo's share prices also fell.

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Speaker 2: Some of the local car parts groups like AARB and

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Speaker 2: Babcorp Here on the A six they fell too. The

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Speaker 2: tariff will kick in on April two, what Donald Trump

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Speaker 2: is calling Liberation Day for the American economy. Trump is

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Speaker 2: prompting to announce reciprocal tariffs on all of America's trading

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Speaker 2: partners on that day.

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Speaker 1: All right, there we go, the top five business stories

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Speaker 1: in five minutes. Thank you Sean, Thank you Michael. It

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Speaker 1: is Friday, the twenty eighth of March 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: minutes isn't enough, you can find our longer daily show

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Speaker 1: called Fear and Greed wherever you listen to podcasts. I'm

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Speaker 1: Michael Thompson and that was the fast five business news

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Speaker 1: by Fear and Greed. Have a great day.