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Speaker 1: It's Monday, in the sixteenth of June 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, Sean.

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Speaker 1: Five stories, five minutes, let's go. Sorry. Number one is

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Speaker 1: a big one. Indeed. Prime Minister Anthony Abernezi is due

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Speaker 1: to meet US President Donald Trump on Wednesday morning Australian time.

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Speaker 1: This is happening on the sidelines of the G seven summit,

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Speaker 1: with ORCAS and tariff's high on the agenda, of course,

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Speaker 1: as well as the tension in the Middle East.

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Speaker 2: Mister Albanezi is expected to tell Donald Trump that Australia

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Speaker 2: is already pulling its weight on defense, including highest spending

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Speaker 2: on arms and equipment and money for basis for US submarines,

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Speaker 2: warships and marines. The Prime Minister said he wants to

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Speaker 2: reason with Donald Trump over tariffs on Australia and sure

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Speaker 2: up the case for the Orcas Pact.

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Speaker 1: Now, of course, all this is going on is Israel

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Speaker 1: and Iran trade air strikes with hundreds of people killed

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Speaker 1: and injured in the past four days.

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Speaker 2: In fact, at least eight people have been killed in

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Speaker 2: Israel and more than one hundred and forty injured on

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Speaker 2: the Iranian side. We don't have numbers, but certainly there

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Speaker 2: have been many, many fatalities and injuries. The Israel Defense

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Speaker 2: Forces said it had targeted critical installations in Tehran, including

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Speaker 2: Iran's defense Ministry, with both sides firing rockets at each other.

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Speaker 2: Much of the attention is on how much the US

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Speaker 2: knew about it. Donald Trump took two truths socials, saying

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Speaker 2: the US had nothing to do with the attacks and

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Speaker 2: warned Iran to stay away from US interests. Meanwhile, local

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Speaker 2: Foreign Minister Pennywong has condemned Iran's nuclear program, labeling it

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Speaker 2: as a threat to global peace. The program is why

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Speaker 2: Australia has sanctions against Iran, she said. She renewed her

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Speaker 2: core for both Iran and Israel to de escalate tensions.

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Speaker 1: And just quickly sewing. The activity has hit financial markets,

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Speaker 1: gold and oil in particular rising sharply.

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Speaker 2: Yeah. Sure has. Oil jumped seven percent on Friday to

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Speaker 2: be above seventy four US dollars a barrel. We're going

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Speaker 2: to feel that at the petrol bowser in a few weeks.

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Speaker 2: Iran produces about one to two percent of world oil,

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Speaker 2: but it controls transport routes that carry closer to twenty percent,

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Speaker 2: so that's the big one. Goals jumped its trading around

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Speaker 2: thirty four to thirty US dollars an ounce, and major

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Speaker 2: equity markets fell over the weekend. The Aussie market, the

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Speaker 2: ASEX two hundred is expected to open lower today.

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Speaker 1: Okay under story number two. Now and Abu Dhaby's massive

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Speaker 1: state owned oil company has had preliminary talks with Santos

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Speaker 1: about taking a stake in the ASX listed business. This

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Speaker 1: is according to reports this morning and the Financial Review.

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Speaker 2: The Abu Dhabi National Oil Company known as Adnock that's

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Speaker 2: the acronym, has not put a formal takeover proposal on

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Speaker 2: the table. However, the finn is saying that the talks

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Speaker 2: took place recently and given market volatility, ad not may

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Speaker 2: look to move quickly. Adnock is considering a tilted Santos

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Speaker 2: through its international investment unit x R. Santos's share price

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Speaker 2: rallied on Friday. That was probably more about the instability

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Speaker 2: in the Middle East, so the talks with ad not

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Speaker 2: come two months after Santos's flagship five point eight billion

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Speaker 2: dollar Barossa gas project, and the team or C was

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Speaker 2: granted major regulatory approval, clearing the way for the field

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Speaker 2: to begin produc action within months.

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Speaker 1: Story number three. How about this one? US tech giant

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Speaker 1: Amazon will invest twenty billion dollars in Australia over five

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Speaker 1: years to expand its data center, network, cloud infrastructure and

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Speaker 1: energy generation.

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Speaker 2: The announcement in Seattle came as Prime Minister Anthony Albernizi

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Speaker 2: visited the tech giant Amazon Web service as chief executive

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Speaker 2: Matt Garman said, the funding pledge out to twenty twenty

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Speaker 2: nine is the largest investment ever announced by a global

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Speaker 2: tech provider in Australia. It includes three new solar farms

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Speaker 2: in Victoria and Queensland, and the expansion of data centers

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Speaker 2: in Sydney and Melbourne. Now the tail commitment actually includes

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Speaker 2: prior funding pledges. Amazon already has investments in eight solar

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Speaker 2: and wind projects in Victoria, Queensland and New South Wales.

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Speaker 2: They help power Amazon's operations, including data and fulfillment centers.

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Speaker 1: Story number four. The national housing auction market has bounced

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Speaker 1: back a bit Sean, with the major cities of Melbourne

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Speaker 1: and Sydney leading the way, while previous hotspots Brisbane and

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Speaker 1: Adelaide are faltering somewhat.

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Speaker 2: Catality research shows seventy point one percent of the twenty

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Speaker 2: two hundred homes up for sale the past week were sold.

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Speaker 2: Melbourn led the way with a primary clearance rate of

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Speaker 2: seventy two point two percent. City rebounded from a horror

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Speaker 2: week back at seventy point five percent. Capitalities Tim Lawless

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Speaker 2: said for seven weeks Melbourne's been above seventy percent. That

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Speaker 2: suggests value growth as returning to that market after a

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Speaker 2: couple of years of underperformance. Lawless said clear and straight

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Speaker 2: in Brisbane and Adelaide are holding reasonably low as home

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Speaker 2: price growth returns to more sustainable level. That suggests affordability

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Speaker 2: has become a bit more challenging in those markets.

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Speaker 1: Last one story number five. Hundreds of thousands of people

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Speaker 1: took to the streets of US cities and towns over

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Speaker 1: the weekend and a wave of protests against the Trump

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Speaker 1: administration as the US president staged a controversial military parade

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Speaker 1: in Washington.

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Speaker 2: Large crowds were reported in fifty states. Turnout sort of

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Speaker 2: major cities including Atlanta, New York, and Los Angeles held

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Speaker 2: big rallies. According to Financial Times, the protests, known as

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Speaker 2: He No King's Nationwide Day of Defiance, are a response

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Speaker 2: to what the organizers describe as a shift towards authoritarianism

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Speaker 2: and the milit trization of democracy. They're expected to be

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Speaker 2: the largest since Donald Trump again his second term in

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Speaker 2: the White House. While that was happening, a forty million

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Speaker 2: US dollar military parade was being staged in Washington to

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Speaker 2: commemorate the US Army's two hundred and fiftieth anniversary. The

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Speaker 2: event was held on Trump's thirty ninth birthday, prompting some

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Speaker 2: critics to suggest it as militaristic display of self aggrandizement

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Speaker 2: by the US President.

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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 Monday, the sixteenth of June twenty twenty five. Remember

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Speaker 1: to hit follow on the podcast and in five minutes

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Speaker 1: isn't enough. You can find our longer daily show called

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

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

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Speaker 1: Fear and greed, have a great day,