1 00:00:03,840 --> 00:00:06,720 Speaker 1: It's Tuesday, the twenty fourth of February twenty twenty six. 2 00:00:06,840 --> 00:00:09,639 Speaker 1: Welcome to the Fast five Business News by Fear and Greed, 3 00:00:09,640 --> 00:00:11,400 Speaker 1: where we give you the top five business stories you 4 00:00:11,440 --> 00:00:13,640 Speaker 1: need to know in just five minutes. I'm Michael Thompson 5 00:00:13,680 --> 00:00:17,160 Speaker 1: and good morning Sean Aylmer. Good morning, Michael, Sean five 6 00:00:17,200 --> 00:00:19,160 Speaker 1: stories in five minutes. Before we do that, make sure 7 00:00:19,200 --> 00:00:21,440 Speaker 1: you hit follow on the podcast right now, because if 8 00:00:21,440 --> 00:00:24,560 Speaker 1: you are listening through the your daily Drive playlist on Spotify, 9 00:00:24,600 --> 00:00:26,920 Speaker 1: that playlist is going to disappear very very soon and 10 00:00:26,960 --> 00:00:29,080 Speaker 1: it may it hard to find us. So follow the 11 00:00:29,320 --> 00:00:32,320 Speaker 1: last five. Indeed, follow the Fast five so that you 12 00:00:32,400 --> 00:00:35,280 Speaker 1: get us every single morning, end every afternoon as well. Sean. 13 00:00:35,320 --> 00:00:38,879 Speaker 1: Story Number one Australia's beef industry, which is one we 14 00:00:38,920 --> 00:00:41,400 Speaker 1: are one of the biggest foreign suppliers to the US. 15 00:00:41,560 --> 00:00:44,560 Speaker 1: The industry is likely to keep its exemptions from US 16 00:00:44,640 --> 00:00:46,839 Speaker 1: President Donald Trump's tariff regime. 17 00:00:47,280 --> 00:00:49,640 Speaker 2: Four hundred and fifty tons of beef for the US 18 00:00:49,720 --> 00:00:53,320 Speaker 2: last year cracking year. Basically beef shipped the US won't 19 00:00:53,320 --> 00:00:56,200 Speaker 2: face the near fifteenth cent tariff pronounced over the weekend. 20 00:00:56,720 --> 00:01:00,520 Speaker 2: You meet in Lifetock, Australia group Confident said it had 21 00:01:00,560 --> 00:01:03,360 Speaker 2: confirmed the exemption and conversation with counterparts in the US. 22 00:01:03,600 --> 00:01:03,760 Speaker 1: Now. 23 00:01:03,760 --> 00:01:06,720 Speaker 2: In November, the US Administration announced beef imports to America 24 00:01:06,720 --> 00:01:08,679 Speaker 2: would be exempt from tariff's as part of a plan 25 00:01:08,760 --> 00:01:12,399 Speaker 2: by the government to tackle rising food costs in that country. Basically, 26 00:01:12,560 --> 00:01:16,000 Speaker 2: US beef heard levels are very low. Countries like Australia 27 00:01:16,040 --> 00:01:17,440 Speaker 2: and Canada are filling in the gap. 28 00:01:18,040 --> 00:01:21,759 Speaker 1: Yeah, it sounds like the US is working really hard 29 00:01:21,800 --> 00:01:25,560 Speaker 1: sewn to not let trade deals already done and kind 30 00:01:25,560 --> 00:01:28,720 Speaker 1: of finished and finalized unravel. This is all following the 31 00:01:28,760 --> 00:01:32,039 Speaker 1: Trump Administration's defeat at the Supreme Court late last week. 32 00:01:32,240 --> 00:01:34,360 Speaker 2: Yeah, very much. That decision ruled that the basis for 33 00:01:34,400 --> 00:01:38,000 Speaker 2: Trump's Liberation Day tariffs was unlawful. All the deals done 34 00:01:38,120 --> 00:01:41,360 Speaker 2: with partners like China, Europe, Japan, and South Korea, they 35 00:01:41,400 --> 00:01:44,480 Speaker 2: will remain in place. According to US Trade representative of 36 00:01:44,560 --> 00:01:48,200 Speaker 2: Jemison Grea, his comments really highlight the confusion of the 37 00:01:48,240 --> 00:01:50,960 Speaker 2: new tariffs and refunds of the old tariffs. Early analysis 38 00:01:51,000 --> 00:01:53,960 Speaker 2: suggests the real winners from that decision of places like 39 00:01:54,040 --> 00:01:56,320 Speaker 2: China and Brazil. The losers the long term allies like 40 00:01:56,360 --> 00:01:58,760 Speaker 2: the UK, EU and Japan and. 41 00:01:58,720 --> 00:02:01,120 Speaker 1: Just super quickly. Australia not happy about the tariffs, but 42 00:02:01,200 --> 00:02:03,600 Speaker 1: it might have a silver lining because Trade Minister Don 43 00:02:03,640 --> 00:02:06,280 Speaker 1: Farrell says that Australia and Europe have made more progress 44 00:02:06,280 --> 00:02:08,320 Speaker 1: in the last few weeks and in the last twenty 45 00:02:08,360 --> 00:02:11,560 Speaker 1: five years towards reaching a free trade deal ironic. 46 00:02:11,639 --> 00:02:13,760 Speaker 2: Speaking on Sky News, he said, what's going on in 47 00:02:13,760 --> 00:02:16,280 Speaker 2: the US has helped the two sides come closer together. 48 00:02:16,560 --> 00:02:18,600 Speaker 2: We've tried very hard to do a deal with the EU. 49 00:02:18,680 --> 00:02:21,080 Speaker 2: Maybe it's taking the US to get a deal across 50 00:02:21,120 --> 00:02:22,480 Speaker 2: the line for Australia in the EU. 51 00:02:22,840 --> 00:02:25,079 Speaker 1: Yeah, maybe all right. On de story number two now, 52 00:02:25,480 --> 00:02:28,440 Speaker 1: the potential return of a cohort of Islamic state brides 53 00:02:28,440 --> 00:02:31,760 Speaker 1: and their children to Australia has become a real political 54 00:02:31,800 --> 00:02:35,040 Speaker 1: headache for the government, with the Federal Coalition challenging Prime 55 00:02:35,080 --> 00:02:38,600 Speaker 1: Minister Anthony Alberenezi to stop their return. The opposition wants 56 00:02:38,680 --> 00:02:42,400 Speaker 1: laws that criminalize the actions of non government organizations or 57 00:02:42,480 --> 00:02:45,960 Speaker 1: advocates who help people linked to terrorism return to the country. 58 00:02:46,200 --> 00:02:49,080 Speaker 1: Opposition leader Angus Taylor says that the new laws are 59 00:02:49,080 --> 00:02:54,000 Speaker 1: designed to target quote terrorists and terrorists sympathizes. Although the 60 00:02:54,040 --> 00:02:56,359 Speaker 1: Prime minister has called the proposal not serious. 61 00:02:56,720 --> 00:02:59,080 Speaker 2: So there's thirty four people trying to return to Australia. 62 00:02:59,120 --> 00:03:01,440 Speaker 2: Home Affairs Minister Tony Burk said the government is not 63 00:03:01,639 --> 00:03:04,400 Speaker 2: assisting the women and children who are linked to Islamic State. 64 00:03:04,720 --> 00:03:07,120 Speaker 2: They don't really want them in this country. However, they 65 00:03:07,120 --> 00:03:10,560 Speaker 2: do carry Australian passports. Only one woman would be deemed 66 00:03:10,680 --> 00:03:14,640 Speaker 2: or prohibited from entering the country because she's deemed by 67 00:03:14,720 --> 00:03:16,760 Speaker 2: intelligence agencies as high risk. 68 00:03:17,560 --> 00:03:20,360 Speaker 1: Story number three. Making a Nazi salute as a joke 69 00:03:20,520 --> 00:03:24,520 Speaker 1: is enough to justify sacking an employee with more than 70 00:03:24,520 --> 00:03:27,080 Speaker 1: a decade of service, according to the Fair Work Commission. 71 00:03:27,280 --> 00:03:31,160 Speaker 1: The Commission has backed rail operator Pacific National's dismissal of 72 00:03:31,200 --> 00:03:34,400 Speaker 1: a train driver who allegedly gave the fascist salute to 73 00:03:34,639 --> 00:03:38,280 Speaker 1: oncoming train crews at a station in southern New Southern 74 00:03:38,280 --> 00:03:41,000 Speaker 1: New South Wales. This was on the grounds that it 75 00:03:41,080 --> 00:03:42,880 Speaker 1: constituted serious misconduct. 76 00:03:43,200 --> 00:03:45,520 Speaker 2: It came after a series of anti Semitic attacks in 77 00:03:45,560 --> 00:03:47,880 Speaker 2: New South Wales shortly after the Labor government outlawed the 78 00:03:47,960 --> 00:03:50,360 Speaker 2: Nazi salute. The driver had been at the company for 79 00:03:50,400 --> 00:03:53,000 Speaker 2: more than ten years. Tonight he made a Nazi gesture. 80 00:03:53,240 --> 00:03:56,000 Speaker 2: He argued he had been giving the all clear hand signal. 81 00:03:56,000 --> 00:03:59,960 Speaker 2: According to Finn Review, but after examining, CCTV Deputy press 82 00:04:00,040 --> 00:04:03,040 Speaker 2: and Bryce Cross found the evidence clear and compelling that 83 00:04:03,120 --> 00:04:05,960 Speaker 2: the gesture was the Nazi sign and enough to establish 84 00:04:06,040 --> 00:04:07,400 Speaker 2: a valid reason for dismissal. 85 00:04:07,760 --> 00:04:09,880 Speaker 1: Story number four. This is an early contender for my 86 00:04:09,920 --> 00:04:12,920 Speaker 1: favorite story of the week, Shawn. The Gold Coast in 87 00:04:13,040 --> 00:04:16,800 Speaker 1: Queensland is getting a Trump Tower because where else would 88 00:04:16,839 --> 00:04:18,800 Speaker 1: it go right? And it might end up being the 89 00:04:18,839 --> 00:04:23,039 Speaker 1: country's tallest building. Trump Organization yesterday said it had signed 90 00:04:23,080 --> 00:04:26,960 Speaker 1: a hotel management agreement with Queensland Development ALTUS Property Group 91 00:04:27,440 --> 00:04:31,080 Speaker 1: to build a ninety one story hotel and residential tower 92 00:04:31,080 --> 00:04:32,040 Speaker 1: on the Gold Coast. 93 00:04:32,160 --> 00:04:34,360 Speaker 2: On the Gold Coast Surface Paradise. In fact, the Trump 94 00:04:34,400 --> 00:04:38,240 Speaker 2: International Hotel and Tower Gold Coast planned to include two 95 00:04:38,240 --> 00:04:41,279 Speaker 2: one hundred and eighty five luxury hotel rooms two seventy 96 00:04:41,320 --> 00:04:45,120 Speaker 2: two residential apartments. It'll bear the trademark Trump logo. The 97 00:04:45,160 --> 00:04:47,679 Speaker 2: deal was struck last week at Marri Lago, where Alt's 98 00:04:47,720 --> 00:04:50,440 Speaker 2: Property Group founder and chief executive David Young met with 99 00:04:50,560 --> 00:04:54,279 Speaker 2: Eric Trump, executive vice president of Trump Organization and of course, 100 00:04:54,320 --> 00:04:55,320 Speaker 2: the President's son. 101 00:04:55,440 --> 00:04:58,599 Speaker 1: Of course, and last one story number five Seawan. The 102 00:04:58,839 --> 00:05:01,839 Speaker 1: Australian government has issued a warning for those traveling to 103 00:05:01,960 --> 00:05:05,960 Speaker 1: Mexico following the death of drug lord Elmncho in a 104 00:05:06,000 --> 00:05:06,800 Speaker 1: military raid. 105 00:05:07,720 --> 00:05:10,960 Speaker 2: Mexico's Defense Ministry said to shoot out in the Western 106 00:05:11,080 --> 00:05:14,480 Speaker 2: in one of the Western states on Sunday left Elmncho. 107 00:05:14,600 --> 00:05:19,400 Speaker 2: He's named his Nemessio Osguerra seriously injured. He died during 108 00:05:19,400 --> 00:05:22,159 Speaker 2: an air transport to Mexico City. The ministry noted that 109 00:05:22,240 --> 00:05:25,840 Speaker 2: US authorities have provided complementary information, whatever that is. Their 110 00:05:25,839 --> 00:05:28,560 Speaker 2: operations set off a wave of violence, burning cars, gunman 111 00:05:28,600 --> 00:05:31,120 Speaker 2: bocking highways in more than half a dozen states, particularly 112 00:05:31,160 --> 00:05:33,880 Speaker 2: in the country's north and west, according to Reuters. As 113 00:05:33,920 --> 00:05:37,120 Speaker 2: a result, Australia's Smart Traveler website says Australians need to 114 00:05:37,120 --> 00:05:40,400 Speaker 2: exercise a high degree of caution in Mexico. Please do 115 00:05:41,240 --> 00:05:41,880 Speaker 2: all right, there we. 116 00:05:41,839 --> 00:05:43,920 Speaker 1: Go the top five business stories in five minutes. Thank 117 00:05:43,960 --> 00:05:46,920 Speaker 1: you Sean, Thank you Michael. It's Tuesday, the twenty fourth 118 00:05:46,960 --> 00:05:49,479 Speaker 1: of February twenty twenty six. Remember to hit follow on 119 00:05:49,520 --> 00:05:52,000 Speaker 1: the podcast as I mentioned before, and if five minutes 120 00:05:52,040 --> 00:05:54,400 Speaker 1: just isn't enough, you can find our longer daily show 121 00:05:54,480 --> 00:05:57,400 Speaker 1: called fear and greed wherever you listen to podcasts, I'm 122 00:05:57,400 --> 00:05:59,560 Speaker 1: Michael Thompson and that was a fast five business news 123 00:05:59,600 --> 00:05:59,920 Speaker 1: by Fear. 124 00:06:00,120 --> 00:06:00,360 Speaker 2: Great. 125 00:06:00,400 --> 00:06:04,000 Speaker 1: Have a great day, MHM.