1 00:00:04,800 --> 00:00:09,480 Speaker 1: Hello, and welcome to the update. Michelle Stevenson, the Treasurer, 2 00:00:09,680 --> 00:00:13,039 Speaker 1: is welcoming the latest interest rate cards, saying it'll deliver 3 00:00:13,200 --> 00:00:17,360 Speaker 1: some much needed relief to millions of Australians. The RBA 4 00:00:17,440 --> 00:00:20,200 Speaker 1: Board has slashed the official cache rate by a quarter 5 00:00:20,200 --> 00:00:23,319 Speaker 1: of a percent to four point one percent. That means 6 00:00:23,360 --> 00:00:26,360 Speaker 1: repayments on the average seven hundred and fifty thousand dollars 7 00:00:26,360 --> 00:00:29,280 Speaker 1: mortgage will come down by at least one hundred dollars 8 00:00:29,360 --> 00:00:32,720 Speaker 1: a month. Gin Charmers says it's the rate relief Australians 9 00:00:32,760 --> 00:00:33,800 Speaker 1: need and deserve. 10 00:00:34,080 --> 00:00:36,680 Speaker 2: Now we know that it won't fix every challenge we 11 00:00:36,760 --> 00:00:39,560 Speaker 2: have in our economy or in household budgets, but it 12 00:00:39,600 --> 00:00:40,400 Speaker 2: will help well. 13 00:00:40,400 --> 00:00:43,080 Speaker 1: Governor Michelle Bulerke says the RBA will have to weigh 14 00:00:43,159 --> 00:00:46,120 Speaker 1: up all the inflation data in coming months before it 15 00:00:46,159 --> 00:00:47,920 Speaker 1: decides whether to cut rates further. 16 00:00:48,280 --> 00:00:50,560 Speaker 2: I can't say one and done. What I can say 17 00:00:51,159 --> 00:00:54,040 Speaker 2: is that we've done one, We've removed a bit of restrictiveness. 18 00:00:54,200 --> 00:00:57,120 Speaker 2: We are still restrictive and we are waiting for more 19 00:00:57,160 --> 00:00:59,640 Speaker 2: evidence that we're getting inflation sustain to be black in 20 00:00:59,640 --> 00:01:02,800 Speaker 2: the band before we are willing to move again. 21 00:01:03,240 --> 00:01:06,080 Speaker 1: Now, all four major banks have committed to passing on 22 00:01:06,200 --> 00:01:09,720 Speaker 1: that rate cut in full. Six people referred to the 23 00:01:09,760 --> 00:01:14,040 Speaker 1: corruption watchdog by the robodet Rod Commission will be investigated. 24 00:01:14,360 --> 00:01:17,880 Speaker 1: The National Anti Corruption Commission had previously decided not to 25 00:01:17,920 --> 00:01:21,679 Speaker 1: look into the referrals, but it reconsidered after the agency's 26 00:01:21,680 --> 00:01:25,080 Speaker 1: boss was criticized for having a close association with one 27 00:01:25,080 --> 00:01:29,000 Speaker 1: of the people who was referred. Delays are expected at 28 00:01:29,040 --> 00:01:32,360 Speaker 1: a major Canadian airport after a plane crashed and flipped 29 00:01:32,360 --> 00:01:35,679 Speaker 1: on landing. Eighteen people were injured when the Delta Airlines 30 00:01:35,680 --> 00:01:38,399 Speaker 1: flight crashed and burst into flames on a runway at 31 00:01:38,400 --> 00:01:43,120 Speaker 1: Toronto Pearson International. All eighty people, though on board, survived. 32 00:01:43,319 --> 00:01:47,160 Speaker 1: Some academics warning Ossie teens are disengaged from politics and 33 00:01:47,319 --> 00:01:50,640 Speaker 1: don't understand how the government works. Just twenty eight percent 34 00:01:50,640 --> 00:01:53,200 Speaker 1: of year ten students passed the latest round of Civics 35 00:01:53,240 --> 00:01:57,200 Speaker 1: and citizenship testing that was the worst results in two decades, 36 00:01:57,720 --> 00:02:00,560 Speaker 1: and Banandez will be in short supplied supermarket across the 37 00:02:00,600 --> 00:02:04,280 Speaker 1: country until freight drivers can catch up on deliveries. Flooding 38 00:02:04,320 --> 00:02:07,360 Speaker 1: in North Queensland cut roads for days, leaving trucks unable 39 00:02:07,400 --> 00:02:09,799 Speaker 1: to pick up and transport the fruit it. Sport and 40 00:02:09,880 --> 00:02:13,280 Speaker 1: entertainment are next to sport on the Brisbane Lines will 41 00:02:13,280 --> 00:02:16,119 Speaker 1: play the twenty twenty five season under the same leadership team. 42 00:02:16,400 --> 00:02:19,840 Speaker 1: Premiership co captains Harris Andrews and Lockie neil have again 43 00:02:19,960 --> 00:02:23,120 Speaker 1: been backed to lead the side, while the Giants are 44 00:02:23,160 --> 00:02:27,360 Speaker 1: asking the AFL for unrestricted access to footballers from Sydney's West. 45 00:02:27,520 --> 00:02:30,480 Speaker 1: They want to sign players without giving up draft picks, 46 00:02:31,080 --> 00:02:33,920 Speaker 1: and Alexi Popren Is bowed out of the Katar Tennis 47 00:02:33,960 --> 00:02:37,560 Speaker 1: Open going down to Jack Draper in Entertainment News Now 48 00:02:37,600 --> 00:02:40,720 Speaker 1: and Kim Kardashian and Pete Davidson were spotted chatting at 49 00:02:40,760 --> 00:02:44,400 Speaker 1: the SNL anniversary after party. Now that comes two years 50 00:02:44,440 --> 00:02:47,440 Speaker 1: after their breakup. The pair said to be on good 51 00:02:47,520 --> 00:02:51,200 Speaker 1: terms though following their split. Fans are gearing up to 52 00:02:51,240 --> 00:02:54,160 Speaker 1: watch Billie Eilish perform in Brisbane. Some have even been 53 00:02:54,240 --> 00:02:57,880 Speaker 1: camping out for a front at row Spot since Saturday, 54 00:02:58,360 --> 00:03:01,520 Speaker 1: and Charlie XCX has been embracing all Australia has to 55 00:03:01,560 --> 00:03:05,000 Speaker 1: offer during her string of Langway Festival shows, the singer 56 00:03:05,040 --> 00:03:07,200 Speaker 1: revealing she had a pretty close call with a python, 57 00:03:07,400 --> 00:03:10,280 Speaker 1: almost stepping on it on a night out. That's the 58 00:03:10,360 --> 00:03:12,200 Speaker 1: latest from the Never Podcast news team. We'll have another 59 00:03:12,200 --> 00:03:14,640 Speaker 1: episode of the Update for tomorrow. I'm Michelle Stephenson.