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Speaker 1: It's Wednesday, the twenty sixth of February 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. Are Michael Thompson

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Speaker 1: and Good Morning, Sean Aleman.

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Speaker 2: Good morning Michael, Sean.

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Speaker 1: Five stories, five minutes. Let's go a story number one.

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Speaker 1: There is growing nervousness among investors about the performance of

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Speaker 1: the ASX over the next six months, with fears about

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Speaker 1: US tariffs combining with uncertainty in Europe and falls in

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Speaker 1: local bank stocks to trigger forecasts of a correction in markets.

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Speaker 2: The local share market is up just one percent this year,

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Speaker 2: down more than three percent over the past week. The

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Speaker 2: big banks and miners are leading the way lower. There's

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Speaker 2: a bunch of events hurting sentiment at the moment, both

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Speaker 2: locally and internationally. Investors don't like uncertainty, and that's what

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Speaker 2: markets are experiencing in the US. All sorts of talk

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Speaker 2: about tariffs, their relations between the US and Europe, what's

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Speaker 2: going to happen around China, Mexico and Canada, and terms

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Speaker 2: of protection tariffs. Again, there's massive proposed spending cuts from

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Speaker 2: the Department of Government Efficiency talks that Washington is already

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Speaker 2: in a recession as a result of that, this is

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Speaker 2: hitting business. In consumer sentiment the S and P five hundred,

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Speaker 2: it's up two percent this year, but last week suffered

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Speaker 2: its steepest for since mid December. The Magnificent seven textocs

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Speaker 2: Think and Vidia, Microsoft, Apple, et cetera. They're wobbling locally.

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Speaker 2: The share market began the year relatively expensive, and as

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Speaker 2: earning season rolls on and companies missprofit expectations, there are

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Speaker 2: some very big sell offs in recent weeks. There's been

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Speaker 2: sellos in companies in energy, in quick service restaurants, think

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Speaker 2: Goodsman for example, engineering, minerals, technology, a lot of a

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Speaker 2: lot of companies being sold down.

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Speaker 1: Yeah, Suan, you always talk about it uncertainty and just

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Speaker 1: how much investors do hate that he's saying that that

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Speaker 1: the market.

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Speaker 2: Will fall, Well, I mean, I wish I knew. Shane

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Speaker 2: Oliver from AMP generally he's pretty upbeat about the market

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Speaker 2: twelve months outlook. He says it'll be high, but it's

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Speaker 2: going to be a rough ride. In fact, he said

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Speaker 2: you could get a fifty tween percent correction along the

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Speaker 2: way that is quite the slide if it happened.

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Speaker 1: Yeah, certainly is, and of course we are not an

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Speaker 1: investing podcast, and you should seek professional advice before making

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Speaker 1: investment decisions. On to story number two. Now Sewan, Domino's

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Speaker 1: Pizza Enterprises has recorded its first loss in twenty years

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Speaker 1: as the new chief executive clears the cupboards or in

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Speaker 1: this case, closes stores in an effort to rebuild the

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Speaker 1: struggling fast food group.

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Speaker 2: Shut more than two hundred stores, rode off one hundred

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Speaker 2: million dollars, most of that was from Japan, made a

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Speaker 2: loss of twenty two point two million dollars for the

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Speaker 2: six months to the end of December that sent its

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Speaker 2: share price down eleven percent. The new CEO, Mark Van Dyke,

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Speaker 2: took over from longtime boss Dawn May in November, has

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Speaker 2: been closing stores. I now have about thirty seven hundred stores,

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Speaker 2: including about fifteen hundred in Japan and France, where most

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Speaker 2: of the troubles for them are. In Australia, earnings are

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Speaker 2: up eight percent on the revenue side. Domino is pushing

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Speaker 2: for more value oriented products, one worth mentioning snack sized

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Speaker 2: pizza pots basically the same size as a muffin.

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Speaker 1: That sounds quite tasty. Story at number three sean by

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Speaker 1: Now pay Later group ZIP has reported record earnings and

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Speaker 1: says it's growing faster than competitors in the US, including Blocks,

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Speaker 1: Cash app a firm, and Klana.

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Speaker 2: Cash earnings more than double in the six months to

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Speaker 2: the end of December. It's share price jumped fourteen percent. Yesterday, Interestingly,

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Speaker 2: Block reported Block bought after pay It disappointed It's share

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Speaker 2: price tumbled eighteen percent. What Zip saying is that its

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Speaker 2: number of transactions grew sharply, especially in the US. It's

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Speaker 2: attracting young female users more than other demographics and is

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Speaker 2: outperforming its competitors in that area. It's also introducing something

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Speaker 2: called pay in eight. It's basically a platform for more

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Speaker 2: expensive goods segret eight payments not four.

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Speaker 1: Story Number four. President Donald Trump has deepened Washington split

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Speaker 1: with allies over Ukraine, withdrawing US condemnation of Russia's twenty

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Speaker 1: twenty two invasion. At the United Nations and among the

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Speaker 1: Group of Seven Nations as well.

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Speaker 2: The US and Russia both voted against a European backed

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Speaker 2: resolution in the UN General Assembly that calls out Moscow's

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Speaker 2: full scale invasion. That's a phrase three years ago. The

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Speaker 2: two sides later aligned for the first time since the

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Speaker 2: war started in the Security Council to approve a US

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Speaker 2: resolution calling for a swift end to the conflict without

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Speaker 2: assigning blame, a stark reversal from policy under President Joe

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Speaker 2: Biden that comes as the G seven also struggled to

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Speaker 2: issue a joint statement on the anniversary of the war

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Speaker 2: after the US opposed phrasing condemning Moscow the eco previous

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Speaker 2: language from the group. According to Bloomberg.

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Speaker 1: Last one story number five, the story is just really extraordinary.

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Speaker 1: Thieves Sean who stole a gold toilet valued at four

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Speaker 1: point eight million pounds of nine point six million Aussie

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Speaker 1: dollars from Blenham Palace completed the audacious raid in just

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Speaker 1: five minutes.

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Speaker 2: Five men are accused of stealing the eighteen carrot gold

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Speaker 2: toilet from the home west of London, just days after

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Speaker 2: it was installed as artwork in September twenty nineteen. The

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Speaker 2: fully functioning loo, entitled America, has never been recovered. It's

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Speaker 2: believed to have been split up and disposed of. Oxford

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Speaker 2: Crown Court was told of a carefully planned burglary that

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Speaker 2: would not have been possible without lots of preparation. In fact,

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Speaker 2: it's alleged that five men drove through locked wooden gates

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Speaker 2: onto the grounds of Benham Palace shortly before five am.

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Speaker 2: They are in stolen vehicles. They allegedly drove across a

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Speaker 2: field up to the front steps and smashed and broke

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Speaker 2: in through a window. They then broke down the wooden

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Speaker 2: door to the cubicle. Whorthy golden toilet was fully plumbed in.

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Speaker 2: They removed it, leaving water pouring out of pipes, and

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Speaker 2: then drove away.

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Speaker 1: There you go. There's nothing more that you can say,

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Speaker 1: Sean after that one top five business stories in five minutes.

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Speaker 2: Thank you very much, Thank you, Michael.

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Speaker 1: It is Wednesday, the twenty sixth of February twenty twenty five,

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Speaker 1: remembered hit follow on the podcast and five minutes isn't enough.

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Speaker 1: You can find our longer daily show called Fear and

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Speaker 1: Greed wherever you listen to podcasts. And because it is Wednesday,

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Speaker 1: there is a new episode of our sister podcast how

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Speaker 1: do they Afford That out? I'll put a link in

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Speaker 1: today's show notes. Today is all about how you can

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Speaker 1: use chat GPT to save money on your household grocery bill.

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Speaker 1: It is a must listen. I'm Michael Thompson and that

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Speaker 1: was the fast five business news by fear and greed.

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Speaker 1: Have a great day.