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Speaker 1: Welcome to the weekend edition of the Fast five Business

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Speaker 1: News by Fear and Greed. I'm Adam Langan. Good morning,

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Speaker 1: Sean Almer, Good morning Adam. On weekdays, it's all about

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Speaker 1: the Fast five, the top five business stories you need

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Speaker 1: to know in just five minutes. On the weekend, though,

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Speaker 1: we're still going to keep it a five minutes, but

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Speaker 1: we're going to pick out our biggest story of the week,

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Speaker 1: the sleepest story of the week, and that's the one

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Speaker 1: that tends to fly under the radar, the most remarkable

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Speaker 1: story of the week, and our favorite story. So let's

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Speaker 1: get into it, Sean. For you, what was the biggest

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Speaker 1: story of the week.

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Speaker 2: Well, look, I think the biggest story of the week,

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Speaker 2: we will both agree was that the US election. Let's

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Speaker 2: just pick a little element of it that we think

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Speaker 2: has really become the big part of it. To me,

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Speaker 2: it's how Americans voted. Obviously, they voted for Donald Trump.

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Speaker 2: Number one issue was how they sought the American democracy.

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Speaker 2: They believed that Donald Trump was better for that. Number

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Speaker 2: two was the economy. Amazing with the US economy is

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Speaker 2: doing really well. It's strong rates and inflation of full

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Speaker 2: ink share markets at record levels. Yet they voted against

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Speaker 2: Carmla Harris issue was immigration. I find that ironic. The

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Speaker 2: US was built on immigration. It is a great nation

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Speaker 2: because of immigration. Number four with women rights and abortions,

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Speaker 2: that's one's hard to get our heads around. Adam in

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Speaker 2: the US is debating stuff that I think most other

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Speaker 2: nations take for granted. That was kind of my big

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Speaker 2: takeaway from the election. What about you?

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Speaker 1: Well, for me, Sean, the biggest business element of the

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Speaker 1: US election was the economic after shop that's probably going

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Speaker 1: to come from Donald Trump's trade and tariff policies. We're

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Speaker 1: talking about significant numbers here. Tariff's could be as high

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Speaker 1: as sixty percent for China and twenty percent for Australian products.

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Speaker 1: Trump's proposed trade changes are not just about protecting American jobs.

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Speaker 1: They can actually upend global trade dynamics and directly impact

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Speaker 1: Australian exports and imports. Let's not overlook the volatility of

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Speaker 1: Trump's decision making either. Who knows what he'll actually do next,

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Speaker 1: and that unpredictability leaves Australian businesses in a bit of

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Speaker 1: a bind, adding a layer of risk across multiple industries.

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Speaker 1: It's not just an American story. These trades and tariffs.

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Speaker 1: It'll have a ripple effect across borders and directly impact

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Speaker 1: Australia's economy and all of our hip pockets.

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Speaker 2: Sure well, look my most remarkable story. Can I go

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Speaker 2: first on that plays, Adam? Yeah. Commonwealth Bank's share price

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Speaker 2: one hundred and forty five fifty eight cents. That's what

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Speaker 2: I hit this week, a record high, up forty five

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Speaker 2: percent over the past year. Remarkable. The other three big

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Speaker 2: banks reported this week. Westpac's full year earnings were down

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Speaker 2: three percent, but its net interest margins basically profit margin

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Speaker 2: that expanded. His share prices up fifty percent over the

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Speaker 2: past year. National Australia Bank and and ZED. They both

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Speaker 2: reported profits came in lower, that was as expected, but

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Speaker 2: NABS share prices up thirty five percent over the past year,

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Speaker 2: ain Zed more than twenty percent. Wow, these banks are

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Speaker 2: remarkably resilient. Can they keep going? Who knows? The consensus

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Speaker 2: view is no, but that's been the consensus ever since

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Speaker 2: Comwealth Bank was about one hundred and ten bucks a share. Remarkable,

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Speaker 2: the strength of the yossie banks. What about you? Your

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Speaker 2: most remarkable story, Adam?

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Speaker 1: My remarkable story, Sean, is that inflation persists. So this

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Speaker 1: week there is Bank of Australia. They had a decision

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Speaker 1: to keep the cash rate on hold at four point

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Speaker 1: three five percent, and yeah, doing nothing can be a

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Speaker 1: massive statement of doing something. They have one big weapon

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Speaker 1: to keep inflation down between two and three percent and

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Speaker 1: keep unemployment down, and that's the cash rate, or what

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Speaker 1: we know is the price of debt. The recent September

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Speaker 1: quarter inflation numbers show that inflationary pressures still do persist.

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Speaker 1: We've got the highest interest rates in twelve years, but

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Speaker 1: with the trim mean inflation rate of three and a

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Speaker 1: half percent at the moment, we're still sitting above the

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Speaker 1: RBA's target range of two to three percent. The fight

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Speaker 1: against inflation is far from overshawn.

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Speaker 2: Alas Alas, You're right. What about your sleeper story of

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Speaker 2: the week, Adam.

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Speaker 1: Well, it wasn't just the scandal over the flight upgrades

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Speaker 1: for politicians. It's the intensifying landscape of political positioning as

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Speaker 1: we approach a federal election and this week, Sewan, interestingly

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Speaker 1: a moment of rare bipartisanship and an area that's likely

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Speaker 1: to gain broad support is the proposal to limit so

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Speaker 1: social media access to individuals sixteen and older. Protecting young

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Speaker 1: Australians alignes well with public sentiment and it could serve

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Speaker 1: as a less contentious rallying point. But the big battlegrounds

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Speaker 1: will be around economic policies, as voters pushed for real,

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Speaker 1: lasting solutions to everyday precious Sean, what we come to

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Speaker 1: know is Cozy lives the cost of living.

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Speaker 2: Ah, I like that Cozy, Liz I quick mention for

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Speaker 2: a story. Mineral Resource has been in the news all

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Speaker 2: about its owner Chris Ellison allegedly benefiting through an offshore

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Speaker 2: tax scheme. The board came out said he would step

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Speaker 2: down at eighteen months. My sleeper story is that the

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Speaker 2: Future Fund, who has an eighty eight million dollar stake

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Speaker 2: in Mineral Resources, came out and requested that they engage

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Speaker 2: with the company board, not the board, about what's going on.

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Speaker 2: The funds chief executive Raphael Aren't so the issues raised

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Speaker 2: as serious and need to be looked into. Just the

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Speaker 2: fact that the Future Fund is becoming a little bit

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Speaker 2: more active. I think there's something in that. We're going

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Speaker 2: to hear a lot more about it.

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Speaker 1: Great story, Sean, So what's your favorite story?

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Speaker 2: I love to follow the money yarn. We had one

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Speaker 2: with Apple. This week we found out that Berkshire Hathaway

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Speaker 2: Warren Buffett's vehicle. Warren Buffett, of course, the greatest investor of

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Speaker 2: all time. Arguably well heats ditch. Two thirds of his

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Speaker 2: steak in Apple comes as Apple faces all sorts of

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Speaker 2: reggatory Regula Tree challenges. It's facing pressure on its app store.

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Speaker 2: There's a recent US any Trust victory against Google that

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Speaker 2: threatens billions of dollars of revenue for Apple to around

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Speaker 2: things out. This week, Apple lost the title of top

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Speaker 2: dog on Wall Street. To end VIDEOPP We're not an

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Speaker 2: investing podcast, get some advice, but followed the money story.

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Speaker 2: The one about Apple this week has been great.

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Speaker 1: That's a ripper Sean five minutes and pretty much everything

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Speaker 1: you need to know in the world of business.

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Speaker 2: Thank you, Sean, Thank you very much. Adam.

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Speaker 1: We'll be back on Monday morning with the top five

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Speaker 1: business stories in five minutes. Don't forget to hit follow

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Speaker 1: and join us online on Instagram, TikTok, LinkedIn, Facebook and X.

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Speaker 1: I'm Adam Lang and this is the fast five business

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Speaker 1: news by Fear and Greed