1 00:00:03,840 --> 00:00:06,560 Speaker 1: It's Wednesday, the twenty second of October twenty twenty five. 2 00:00:06,640 --> 00:00:09,200 Speaker 1: Welcome to the Fast five Business News by Fear and Greed, 3 00:00:09,200 --> 00:00:11,040 Speaker 1: where we give you the top five business stories you 4 00:00:11,119 --> 00:00:13,400 Speaker 1: need to know in just five minutes. I'm Michael Thompson 5 00:00:13,400 --> 00:00:16,639 Speaker 1: and good morning Sean Aylman. Good morning, Michael, Sean. Five 6 00:00:16,680 --> 00:00:18,919 Speaker 1: stories in five minutes. Let's go. Starting number one, The 7 00:00:18,920 --> 00:00:22,240 Speaker 1: Australian share market has nudged an all time high on 8 00:00:22,280 --> 00:00:24,880 Speaker 1: the back of the rarert and critical minerals deal between 9 00:00:25,000 --> 00:00:28,400 Speaker 1: Prime Minister Anthony Abernezi and US President Donald Trump. The 10 00:00:28,440 --> 00:00:33,160 Speaker 1: stars of the boss, perhaps not surprisingly worthy battery metals companies. 11 00:00:32,840 --> 00:00:35,400 Speaker 2: Benchmark's and PA six two hundred hit a peak of 12 00:00:35,479 --> 00:00:38,400 Speaker 2: nine one hundred and fifteen point two points, an all 13 00:00:38,400 --> 00:00:41,600 Speaker 2: time high, finished a little lower than that. Wasn't just 14 00:00:41,680 --> 00:00:45,200 Speaker 2: the Trump albow meeting. Wall Street closed high yesterday morning 15 00:00:45,280 --> 00:00:46,960 Speaker 2: on the back of a strong performance from Apple, but 16 00:00:47,040 --> 00:00:49,640 Speaker 2: really for the local market, it was about that leaders 17 00:00:49,800 --> 00:00:53,479 Speaker 2: meeting in Washington early yesterday Australian time. The two agreed 18 00:00:53,520 --> 00:00:56,640 Speaker 2: to spend one billion US dollars each into mining projects 19 00:00:56,680 --> 00:00:59,240 Speaker 2: at the next six months. More support will come tatal 20 00:00:59,440 --> 00:01:02,400 Speaker 2: eight point five billion US dollars in the sector. That's 21 00:01:02,440 --> 00:01:06,360 Speaker 2: about thirteen billion Ossie dollars. That helped a bunch of 22 00:01:06,560 --> 00:01:10,560 Speaker 2: battery metals companies. Companies like ol Cohen are a fewer 23 00:01:10,680 --> 00:01:13,240 Speaker 2: rereworths at one point was up twenty six percent. 24 00:01:13,959 --> 00:01:17,240 Speaker 1: Away from the market Sean. There was general consensus at 25 00:01:17,240 --> 00:01:19,920 Speaker 1: the meeting was a big success for Anthony Albanezy. One 26 00:01:19,920 --> 00:01:22,240 Speaker 1: plaud us from the right side of politics, had Fox 27 00:01:22,280 --> 00:01:24,639 Speaker 1: News in the US calling him a smart deal maker. 28 00:01:25,160 --> 00:01:28,400 Speaker 1: Also praised from the left, with former Ambassador Kim Beasley 29 00:01:28,440 --> 00:01:30,880 Speaker 1: calling it a red letter day. Even had former Prime 30 00:01:30,880 --> 00:01:34,279 Speaker 1: Minister Scott Morrison and Malcolm Turnbull. They were complimentary as well. 31 00:01:34,520 --> 00:01:39,120 Speaker 2: Yes, perhaps the only hesitation was Orcus. No deal has 32 00:01:39,200 --> 00:01:43,280 Speaker 2: been signed, though President Trump's comments were enough to reassure 33 00:01:43,920 --> 00:01:46,039 Speaker 2: many people that the three hundred and sixty four billion 34 00:01:46,480 --> 00:01:49,160 Speaker 2: US dollar Orcus deal will go ahead. But we're still 35 00:01:49,200 --> 00:01:50,120 Speaker 2: waiting on that one. 36 00:01:50,800 --> 00:01:53,000 Speaker 1: Not a great day for Kevin Rudd, though, was it. 37 00:01:53,120 --> 00:01:55,840 Speaker 2: No more red faced than red led the day for him? 38 00:01:56,320 --> 00:02:00,560 Speaker 2: The Federal opposition pointed that out clearly, yes, saying the 39 00:02:00,760 --> 00:02:04,160 Speaker 2: former PM Rudd should be sacked as ambassador, but in 40 00:02:04,240 --> 00:02:07,200 Speaker 2: actual fact it probably the meeting itself for post meeting 41 00:02:07,280 --> 00:02:10,200 Speaker 2: actually included a clearing of the year between Trump and Rudd. 42 00:02:10,520 --> 00:02:13,360 Speaker 2: So Trump approached Rudd in the White House Cabinet room 43 00:02:13,520 --> 00:02:17,040 Speaker 2: after rebuking him during the just finished press conference. He 44 00:02:17,080 --> 00:02:20,320 Speaker 2: basically said to him, you know, is this the guy here? Yes? 45 00:02:20,919 --> 00:02:24,239 Speaker 2: And Trump said all forgiven right in returns that I apologize, 46 00:02:24,240 --> 00:02:26,360 Speaker 2: mister President. And I think they're all pretty happy with 47 00:02:26,360 --> 00:02:26,680 Speaker 2: each other. 48 00:02:26,720 --> 00:02:28,320 Speaker 1: Now everyone's friends everyone. 49 00:02:28,400 --> 00:02:30,720 Speaker 2: I think Donald Trump likes a reformed hater. 50 00:02:31,800 --> 00:02:34,239 Speaker 1: I think you might be right. Okay, moving on to 51 00:02:34,320 --> 00:02:37,880 Speaker 1: story number two now, and the Australian energy transition is 52 00:02:37,919 --> 00:02:40,519 Speaker 1: happening at pace, according to the chief executive of the 53 00:02:40,560 --> 00:02:45,040 Speaker 1: Australian Energy Market operator Daniel Westerman, and consumers are the 54 00:02:45,040 --> 00:02:45,720 Speaker 1: ones driving it. 55 00:02:45,880 --> 00:02:48,880 Speaker 2: Westerman, speaking at the Financial Review Energy Summit, said it 56 00:02:48,960 --> 00:02:52,280 Speaker 2: does need to happen quite quickly, but the consumers, industries 57 00:02:52,280 --> 00:02:55,160 Speaker 2: and governments are all leaning in. Westerman said as coal retires, 58 00:02:55,240 --> 00:02:58,760 Speaker 2: the least costly way to replace that energy is renewable 59 00:02:58,880 --> 00:03:01,760 Speaker 2: energy coupled with hydro and gas in relation to batteries 60 00:03:01,800 --> 00:03:04,920 Speaker 2: and other alternatives. The energy transition is so big it's 61 00:03:05,240 --> 00:03:09,600 Speaker 2: not an all question, but rather an end question, he says. 62 00:03:09,960 --> 00:03:14,200 Speaker 2: Westerman explained that gas reliability is unmatched in its propensity 63 00:03:14,280 --> 00:03:17,240 Speaker 2: to assist the energy transition. We need it to keep 64 00:03:17,240 --> 00:03:17,960 Speaker 2: the grid secure. 65 00:03:18,480 --> 00:03:21,239 Speaker 1: Sean story Number three. One in three property markets across 66 00:03:21,240 --> 00:03:24,360 Speaker 1: the country now has a median value of one million 67 00:03:24,400 --> 00:03:26,919 Speaker 1: dollars or more, with the number of million dollar suburbs 68 00:03:27,040 --> 00:03:29,880 Speaker 1: up one hundred and forty three percent over the past 69 00:03:29,919 --> 00:03:30,440 Speaker 1: five years. 70 00:03:30,520 --> 00:03:32,880 Speaker 2: Sotality looked at four thousand, eight hundred and forty four 71 00:03:32,880 --> 00:03:36,000 Speaker 2: markets across the country. About three quarters were houses, one 72 00:03:36,080 --> 00:03:39,200 Speaker 2: quarter units. Thirty four percent of them had a median 73 00:03:39,320 --> 00:03:42,400 Speaker 2: value of a million dollars or more. In fact, the 74 00:03:42,400 --> 00:03:46,280 Speaker 2: biggest growth came in Brisbane, quite amazing thirty four percent 75 00:03:46,320 --> 00:03:49,560 Speaker 2: today five years ago was just fourteen percent. Outside Brisbane, 76 00:03:49,600 --> 00:03:53,240 Speaker 2: regions where million dollar houses become have become more common 77 00:03:53,240 --> 00:03:56,800 Speaker 2: include Sydney, Regional, New South Wales, Regional Queensland, Perth and Adelaide. 78 00:03:57,160 --> 00:03:59,880 Speaker 2: Only region to really go backwards was Regional Victoria. 79 00:04:00,240 --> 00:04:03,480 Speaker 1: Sorry. Number four. Apples share price hit a record yesterday, 80 00:04:03,560 --> 00:04:07,960 Speaker 1: valuing the group at three point nine trillion US dollars 81 00:04:07,960 --> 00:04:10,080 Speaker 1: on the back of higher than expected demand for its 82 00:04:10,120 --> 00:04:11,320 Speaker 1: latest iPhone launch. 83 00:04:11,320 --> 00:04:14,080 Speaker 2: Shares jump more than three percent, taking out the all 84 00:04:14,120 --> 00:04:17,120 Speaker 2: time high that had previously been reached in December last year. 85 00:04:17,240 --> 00:04:19,680 Speaker 2: Apple has been a high profile underperformer among the S 86 00:04:19,680 --> 00:04:21,840 Speaker 2: and P five hundred index stocks for much of the year, 87 00:04:21,880 --> 00:04:24,480 Speaker 2: down as much as thirty one percent and its worst point. 88 00:04:24,800 --> 00:04:28,039 Speaker 2: It has sawed though since it unveiled its new iPhones, 89 00:04:28,120 --> 00:04:31,000 Speaker 2: up more than fifty percent. The recent strength comes amid 90 00:04:31,040 --> 00:04:34,920 Speaker 2: signs that demand for these new iPhones is stronger than expected, 91 00:04:35,320 --> 00:04:37,920 Speaker 2: hoping or adding to hopes that a long awaited upgrade 92 00:04:37,960 --> 00:04:40,560 Speaker 2: cycle could be underway. Chipmaking our own video remains Wall 93 00:04:40,600 --> 00:04:43,640 Speaker 2: Streets biggest company four point four to four trillion US dollars. 94 00:04:43,640 --> 00:04:46,479 Speaker 2: Then Apple It's three point eight nine trillion US and 95 00:04:46,560 --> 00:04:49,640 Speaker 2: Microsoft three point eight four trillion US last one. 96 00:04:49,720 --> 00:04:53,760 Speaker 1: How about this? Sean, a small French firm founded by pediatricians, 97 00:04:53,800 --> 00:04:57,919 Speaker 1: believes a skin patch console one of parents greatest concerned 98 00:04:58,040 --> 00:04:59,560 Speaker 1: peanut allergies in children. 99 00:05:00,000 --> 00:05:02,400 Speaker 2: More than two decades of work and a few costly setbacks, 100 00:05:02,480 --> 00:05:05,760 Speaker 2: dBV Technologies is in the latest in the last stretch 101 00:05:05,760 --> 00:05:07,760 Speaker 2: of developing what could be a game change of for 102 00:05:07,839 --> 00:05:10,640 Speaker 2: parents in the industry. But the company has done before, 103 00:05:10,760 --> 00:05:14,160 Speaker 2: so just keep it in context. dBV will soon release 104 00:05:14,200 --> 00:05:16,400 Speaker 2: the results of a late stage study in which hundreds 105 00:05:16,440 --> 00:05:18,559 Speaker 2: of children, some as young as four, wore the patch 106 00:05:18,560 --> 00:05:21,839 Speaker 2: for a year and then consumed peanut protein to mimic 107 00:05:21,960 --> 00:05:26,600 Speaker 2: an accidental ingestion. Investors believe that it will work. They've 108 00:05:26,640 --> 00:05:30,839 Speaker 2: been driving up DBVs stock price in anticipation. We shares 109 00:05:30,920 --> 00:05:33,080 Speaker 2: up more than seventy percent in the past three weeks, 110 00:05:33,120 --> 00:05:36,760 Speaker 2: according to Bloomberg. Can't wait to see what the results 111 00:05:36,760 --> 00:05:37,320 Speaker 2: of these tests. 112 00:05:37,400 --> 00:05:38,960 Speaker 1: Yeah, indeed, all right, there we go to the top 113 00:05:39,000 --> 00:05:41,240 Speaker 1: five business stories in five minutes. Thank you Sean, Thank 114 00:05:41,240 --> 00:05:43,679 Speaker 1: you Michael. It's Wednesday, the twenty second of October twenty 115 00:05:43,720 --> 00:05:46,359 Speaker 1: twenty five. Remember to hit follow on the podcast. And 116 00:05:46,400 --> 00:05:48,720 Speaker 1: if five minutes just isn't enough for you, you can 117 00:05:48,760 --> 00:05:51,760 Speaker 1: find our longer daily show called Fear and Greed wherever 118 00:05:51,800 --> 00:05:54,159 Speaker 1: you listen to podcasts. I'm Michael Thompson and that was 119 00:05:54,160 --> 00:05:56,520 Speaker 1: the fast five business news by Fear and Greed. Have 120 00:05:56,560 --> 00:05:57,080 Speaker 1: a great day.