1 00:00:03,880 --> 00:00:07,200 Speaker 1: It's Monday, the fifteenth of September twenty twenty five. Welcome 2 00:00:07,240 --> 00:00:09,600 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,600 --> 00:00:11,440 Speaker 1: where we give you the top five business stories you 4 00:00:11,520 --> 00:00:13,880 Speaker 1: need to know and just five minutes. I'm Michael Thompson 5 00:00:13,920 --> 00:00:17,640 Speaker 1: and good morning Sean Aylmer, Good morning, Michael Shawn. Five stories, 6 00:00:17,680 --> 00:00:20,239 Speaker 1: five minutes. Let's go story number one. Ten weeks into 7 00:00:20,239 --> 00:00:23,160 Speaker 1: the new financial year, with a very volatile earning season 8 00:00:23,200 --> 00:00:26,880 Speaker 1: behind us, the makeup of Australia's top twenty companies has 9 00:00:27,000 --> 00:00:29,640 Speaker 1: changed sharply. The big switch that we've talked about before 10 00:00:29,680 --> 00:00:33,120 Speaker 1: from banks to resources companies and healthcare stocks has really 11 00:00:33,120 --> 00:00:36,360 Speaker 1: evolved now into a selldown of Commonwealth Bank and CSL 12 00:00:36,680 --> 00:00:40,480 Speaker 1: and buying up of resource companies, while Cole's, after years 13 00:00:40,479 --> 00:00:43,440 Speaker 1: of underperformance, is closing in on Woolli's in terms of 14 00:00:43,479 --> 00:00:44,160 Speaker 1: market cap. 15 00:00:45,280 --> 00:00:48,760 Speaker 2: Been a remarkable twenty twenty six fiscal year so far, 16 00:00:48,840 --> 00:00:51,400 Speaker 2: that's about ten weeks. We focus pretty much on the 17 00:00:51,400 --> 00:00:54,000 Speaker 2: top twenty companies. They make up about half of the 18 00:00:54,040 --> 00:00:57,120 Speaker 2: total value of the A six two hundred, that total 19 00:00:57,200 --> 00:01:00,200 Speaker 2: value three point two trillion. Common Bank, the country whose 20 00:01:00,280 --> 00:01:02,400 Speaker 2: largest stock was at one point about eighty percent bigger 21 00:01:02,440 --> 00:01:05,520 Speaker 2: than number two BHP. That figure is more than halved. 22 00:01:05,800 --> 00:01:08,760 Speaker 2: In part that's because Commonwealth Bank has risen has fallen 23 00:01:09,120 --> 00:01:13,680 Speaker 2: twelve percent this financial year, BHP up thirteen percent. Komonalth 24 00:01:13,720 --> 00:01:17,160 Speaker 2: Bank is still very expensive. The thing that we talked 25 00:01:17,160 --> 00:01:19,960 Speaker 2: about was the shift away from banks, well, actually National 26 00:01:20,000 --> 00:01:23,080 Speaker 2: Australia Bank, Westpac Ainz. They've all risen by about ten 27 00:01:23,080 --> 00:01:25,800 Speaker 2: percent this year, so that's been a shift away from 28 00:01:25,840 --> 00:01:29,800 Speaker 2: Commonwealth Bank. The biggest lose at CSL. People aren't happy 29 00:01:29,800 --> 00:01:31,640 Speaker 2: with that one now the sixth largest company on the 30 00:01:31,640 --> 00:01:35,240 Speaker 2: bors biggest winner, Fortescu Medals Group, had a horror run 31 00:01:35,319 --> 00:01:38,120 Speaker 2: last year, so it's sort of rebounded somewhat. West Farmers 32 00:01:38,160 --> 00:01:40,200 Speaker 2: is the other big mover. It's now the country's fifth 33 00:01:40,240 --> 00:01:42,440 Speaker 2: largest company, with a market cap of over one hundred 34 00:01:42,520 --> 00:01:43,200 Speaker 2: billion dollars. 35 00:01:43,480 --> 00:01:45,600 Speaker 1: It's what about Wilwors versus Coals and some of the 36 00:01:45,640 --> 00:01:48,440 Speaker 1: other top twenty stocks like Telstra Sigma Healthcare, which are 37 00:01:48,440 --> 00:01:51,280 Speaker 1: among some of the best performers in the last financial year. 38 00:01:51,720 --> 00:01:55,160 Speaker 2: Yeah, so Woolli's Coals wooly earning seasons did no favor 39 00:01:55,280 --> 00:01:57,600 Speaker 2: to Woolies. Coals is catching and it's now worth thirty 40 00:01:57,600 --> 00:02:00,840 Speaker 2: two billion woolies is thirty four billion dollars be amazing 41 00:02:00,920 --> 00:02:04,400 Speaker 2: if Coals became bigger than Woolly's. Quite the turnaround tells 42 00:02:04,480 --> 00:02:08,560 Speaker 2: a great last financial year, up only slightly this financial year. 43 00:02:08,680 --> 00:02:12,960 Speaker 2: Same deal with Sigma Healthcare flat this financial year. Moral 44 00:02:13,000 --> 00:02:16,000 Speaker 2: to this tale, it's a stock pickers market. Some cycles 45 00:02:16,000 --> 00:02:18,560 Speaker 2: you can buy any Aussie bank get the same return. 46 00:02:18,919 --> 00:02:19,600 Speaker 2: Not at the moment. 47 00:02:19,840 --> 00:02:23,360 Speaker 1: Indeed, story number two sean. The federal government has pledged 48 00:02:23,480 --> 00:02:27,720 Speaker 1: twelve billion dollars towards building aucust infrastructure in Western Australia, 49 00:02:27,760 --> 00:02:30,840 Speaker 1: a move that should, in theory help Australia standing with 50 00:02:30,919 --> 00:02:31,760 Speaker 1: Donald Trump right. 51 00:02:32,080 --> 00:02:35,520 Speaker 2: Prime Minister Anthony Albinezi announced the funding yesterday to support 52 00:02:35,560 --> 00:02:39,959 Speaker 2: submarine maintenance and naval shipbuilding at Perth's Henderson Precinct ten 53 00:02:40,000 --> 00:02:42,680 Speaker 2: thousand jobs. Apparently the government is in a race against 54 00:02:42,720 --> 00:02:47,239 Speaker 2: time to get Henderson and the nearby Hmaas Sterling Naval 55 00:02:47,280 --> 00:02:50,360 Speaker 2: Base ready for the start of rotational deployments of US 56 00:02:50,360 --> 00:02:53,119 Speaker 2: and British Nucleus subs from twenty twenty seven. Of course, 57 00:02:53,120 --> 00:02:55,919 Speaker 2: we're getting our own Virginia class subs in twenty thirty two. 58 00:02:56,240 --> 00:02:58,440 Speaker 2: The new investment will support the development of new dry 59 00:02:58,480 --> 00:03:02,960 Speaker 2: docks and other facilities for submarine and surface ship maintenance. 60 00:03:03,280 --> 00:03:05,639 Speaker 2: The PM's hoping to secure and all ay sit down 61 00:03:05,680 --> 00:03:08,840 Speaker 2: with mister Trump during his upcoming US trip to address 62 00:03:08,840 --> 00:03:12,520 Speaker 2: the UN General Assembly or at an upcoming multilateral summit, 63 00:03:12,760 --> 00:03:15,400 Speaker 2: and this announcement certainly won't hurt those prospects. 64 00:03:15,800 --> 00:03:19,040 Speaker 1: Story number three. This springs selling season continues to gather momentum. 65 00:03:19,080 --> 00:03:21,960 Speaker 1: Two four hundred and fifty five homes taken to auction 66 00:03:22,120 --> 00:03:24,799 Speaker 1: last week, the highest volume shawn since the first week 67 00:03:24,840 --> 00:03:25,480 Speaker 1: of June. 68 00:03:25,600 --> 00:03:28,160 Speaker 2: The preliminary clearance rate has eased off a little bit 69 00:03:28,240 --> 00:03:31,400 Speaker 2: seventy four point eight percent, but still really good. Melbourne, 70 00:03:31,440 --> 00:03:34,720 Speaker 2: the biggest market, twelve seventy three auctions over the past week, 71 00:03:34,800 --> 00:03:36,720 Speaker 2: came in at seventy five point two percent. That's a 72 00:03:36,760 --> 00:03:39,840 Speaker 2: hot market at the moment. Sydney eight thirty seven homes 73 00:03:39,880 --> 00:03:43,640 Speaker 2: came in at seventy four point eight percent. That's the lowest, 74 00:03:43,640 --> 00:03:45,320 Speaker 2: I mean, the first time it's been under seventy five 75 00:03:45,320 --> 00:03:48,400 Speaker 2: percent in five weeks, but that market's still doing pretty well. Brisbane, 76 00:03:48,440 --> 00:03:51,120 Speaker 2: Adelaide in the act all came in around seventy four percent. 77 00:03:51,440 --> 00:03:54,280 Speaker 1: Story number four. Almost half of Australian investors are now 78 00:03:54,320 --> 00:03:58,040 Speaker 1: turning to artificial intelligence for financial advice. According to findings 79 00:03:58,560 --> 00:04:02,560 Speaker 1: from Chartered Accountants Australia, New Zealand CIA and Z survey 80 00:04:02,600 --> 00:04:05,280 Speaker 1: of one thousand Australian retail investors is more than ten 81 00:04:05,520 --> 00:04:08,240 Speaker 1: thousand dollars invested in the stock market and other investments. 82 00:04:08,600 --> 00:04:13,160 Speaker 1: Forty eight percent forty eight percent incredible used AI tools 83 00:04:13,160 --> 00:04:15,680 Speaker 1: to make investment decisions. More than eighty one percent are 84 00:04:15,720 --> 00:04:19,000 Speaker 1: at least somewhat satisfied. Trust is still a major issue. 85 00:04:19,040 --> 00:04:21,560 Speaker 1: Forty three percent said they don't use AI as they 86 00:04:21,720 --> 00:04:25,440 Speaker 1: lack confidence and information produced. Forty six percent prefer to 87 00:04:25,440 --> 00:04:28,280 Speaker 1: stay with tried and tested sources of information. 88 00:04:28,400 --> 00:04:33,400 Speaker 2: Not Surprisingly, younger investors used AI more than others. Still 89 00:04:33,400 --> 00:04:35,279 Speaker 2: think people should go to a financial advisor. 90 00:04:35,600 --> 00:04:38,800 Speaker 1: Yeah, good call. Last one story Number five. Danish drug 91 00:04:38,839 --> 00:04:42,719 Speaker 1: giant Novo nor disk Or cut nine thousand jobs globally 92 00:04:42,800 --> 00:04:46,320 Speaker 1: and has downgraded its profit forecast as the maker of 93 00:04:46,480 --> 00:04:49,080 Speaker 1: a zmpick and we go VSE struggles to fend off 94 00:04:49,080 --> 00:04:52,239 Speaker 1: copycat drug manufacturers and retain its market share. 95 00:04:52,600 --> 00:04:55,080 Speaker 2: Nova has been the drug company of the last five years, 96 00:04:55,120 --> 00:04:58,080 Speaker 2: creating weight loss drugs, which helped quintupple its share price 97 00:04:58,160 --> 00:05:00,279 Speaker 2: in the four years the middle of last year. Since 98 00:05:00,279 --> 00:05:03,880 Speaker 2: then it's lost seventy percent of value. Problem copycat drugs, 99 00:05:04,080 --> 00:05:07,080 Speaker 2: growth of Generation two weight loss drugs Eli Leary has 100 00:05:07,120 --> 00:05:10,920 Speaker 2: become number one in the weight loss category. Just shows 101 00:05:10,920 --> 00:05:13,320 Speaker 2: how difficult it is. Nova nor Disc really led the 102 00:05:13,320 --> 00:05:16,719 Speaker 2: weight with these drugs, but just can't stay ahead of 103 00:05:16,720 --> 00:05:20,040 Speaker 2: the curve. And it's a very very competitive market. Big Farmer, Yeah, 104 00:05:20,080 --> 00:05:21,680 Speaker 2: indeed it is all right. There we go the top 105 00:05:21,720 --> 00:05:24,080 Speaker 2: five business stories in five minutes. Thank you very much, Sean, 106 00:05:24,320 --> 00:05:24,960 Speaker 2: Thank you, Michael. 107 00:05:25,080 --> 00:05:27,919 Speaker 1: It's Monday, the fifteenth of September twenty twenty five. Remember 108 00:05:27,920 --> 00:05:30,239 Speaker 1: to hit follow on the podcast, and if five minutes 109 00:05:30,279 --> 00:05:32,440 Speaker 1: isn't enough, you can find our longer daily show called 110 00:05:32,440 --> 00:05:35,320 Speaker 1: Fear and Greed wherever you listen to podcasts. I'm Michael 111 00:05:35,360 --> 00:05:37,440 Speaker 1: Thompson and that was the fast five business news by 112 00:05:37,440 --> 00:05:39,120 Speaker 1: Fear and Greed. Had a great date.