1 00:00:05,519 --> 00:00:08,360 Speaker 1: Twenty twenty five. Welcome to the Fast five Business News 2 00:00:08,480 --> 00:00:10,200 Speaker 1: by Fear and Greed, where we give you the top 3 00:00:10,200 --> 00:00:12,360 Speaker 1: five business stories you need to know in just five minutes. 4 00:00:12,400 --> 00:00:14,720 Speaker 1: O'm Michael Thompson and good morning, Sean Aylmer. 5 00:00:14,880 --> 00:00:16,240 Speaker 2: Good morning, Michael, Sean. 6 00:00:16,280 --> 00:00:18,160 Speaker 1: Five stories, five minutes. Let's go story number one to 7 00:00:18,200 --> 00:00:21,160 Speaker 1: big one. Financial markets are on edge after US President 8 00:00:21,200 --> 00:00:25,040 Speaker 1: Donald Trump said people should evacuate from the Iranian capital 9 00:00:25,079 --> 00:00:28,440 Speaker 1: of Tehran. This happened as he left the g seventh 10 00:00:28,480 --> 00:00:31,800 Speaker 1: summit in Canada early, well before real scheduled to go. 11 00:00:32,120 --> 00:00:34,880 Speaker 2: After five days of fighting. The warning from Trump reynald 12 00:00:34,920 --> 00:00:37,080 Speaker 2: investors who are worried about a major attack on the 13 00:00:37,200 --> 00:00:40,680 Speaker 2: Iranian capital. Any such attack would escalate the situation in 14 00:00:40,680 --> 00:00:43,400 Speaker 2: the Middle East. Notwithstanding the reports that Iran is pushing 15 00:00:43,440 --> 00:00:45,920 Speaker 2: for some sort of de escalation. The Wall Street Journal 16 00:00:45,960 --> 00:00:49,240 Speaker 2: reporter that Tehran is signaling it wants to de escalate 17 00:00:49,240 --> 00:00:52,560 Speaker 2: hostilities with Israel and is willing to resume nuclear talks 18 00:00:52,600 --> 00:00:55,040 Speaker 2: with the US as long as Washington doesn't join the 19 00:00:55,080 --> 00:00:57,840 Speaker 2: Israeli attacks. Now, at this point, Iran has suffered far 20 00:00:57,880 --> 00:01:01,160 Speaker 2: more casualties, including deaths in Israel. There's a sense voiced 21 00:01:01,200 --> 00:01:04,319 Speaker 2: by Trump that Israel is clearly winning the battle. As 22 00:01:04,360 --> 00:01:08,200 Speaker 2: a result of all these oil prices pushed higher reflecting 23 00:01:08,240 --> 00:01:11,319 Speaker 2: fears of disruptions to world supply. Now Iran controls the 24 00:01:11,319 --> 00:01:15,200 Speaker 2: Strait of Homas, which carries about ninety percent of crude production. 25 00:01:15,560 --> 00:01:18,000 Speaker 2: That's what's really at risky. Gold price is pushed back 26 00:01:18,000 --> 00:01:21,280 Speaker 2: above thirty four hundred US dollars, announce Trump, when he 27 00:01:21,360 --> 00:01:24,880 Speaker 2: got home, convened to national meeting of his National security staff. 28 00:01:25,800 --> 00:01:29,120 Speaker 2: US is repositioning war ships and military aircraft in the 29 00:01:29,160 --> 00:01:33,400 Speaker 2: region to respond to any conflict if it esclates much further. 30 00:01:34,080 --> 00:01:38,120 Speaker 1: Sean Donald Trump, as we mentioned, heading back to Washington early, 31 00:01:38,400 --> 00:01:41,080 Speaker 1: which means Prime Minister Anthony Abereze won't be meeting the 32 00:01:41,160 --> 00:01:44,520 Speaker 1: US President as had been really well planned. 33 00:01:45,240 --> 00:01:48,320 Speaker 2: No bad timing. Mister Albanesi had just given a press 34 00:01:48,320 --> 00:01:50,480 Speaker 2: conference about what he wandered out of the meeting with Trump, 35 00:01:50,640 --> 00:01:53,800 Speaker 2: and the announcement was made now spakesperson for Alberize, he said, 36 00:01:53,840 --> 00:01:57,960 Speaker 2: Trump's decision is understandable maybe, but it certainly leaves plenty 37 00:01:58,000 --> 00:02:01,560 Speaker 2: of uncertainty out there around Orcus and tariff's on Australian products. 38 00:02:01,720 --> 00:02:04,280 Speaker 2: Given Australia is not in the G seven and alberaniz 39 00:02:04,320 --> 00:02:06,840 Speaker 2: he hasn't met with Donald Trump since he became president. 40 00:02:07,160 --> 00:02:08,960 Speaker 2: The main goal of the Prime Minister in the past 41 00:02:08,960 --> 00:02:12,560 Speaker 2: few days really was an introductory chat with Trump. He 42 00:02:12,600 --> 00:02:13,480 Speaker 2: didn't get there. 43 00:02:13,560 --> 00:02:15,960 Speaker 1: Okay, Moving on to story number two. Now, in Australia's 44 00:02:16,000 --> 00:02:19,480 Speaker 1: three hundred billion dollars sovereign wealth fund, the Future Fund, 45 00:02:19,880 --> 00:02:23,360 Speaker 1: will cut its US exposure in response to fears that 46 00:02:23,720 --> 00:02:27,640 Speaker 1: President Donald Trump has added quote layers of volatility and 47 00:02:27,800 --> 00:02:30,400 Speaker 1: uncertainty to the world's biggest economy. 48 00:02:30,160 --> 00:02:32,800 Speaker 2: Future Fund chair gy Comboy pointed to a series of 49 00:02:32,840 --> 00:02:37,519 Speaker 2: controversial calls made by Washington, things like the US's retreat 50 00:02:37,560 --> 00:02:40,400 Speaker 2: from a leadership role in global and economic security, the 51 00:02:40,520 --> 00:02:45,880 Speaker 2: rising rivalry between Washington and Beijing, Trump administration's tariff policies, 52 00:02:45,919 --> 00:02:48,320 Speaker 2: the US dollars depreciation that threatens its role as the 53 00:02:48,360 --> 00:02:51,480 Speaker 2: world's reserve currency. Also, he's not happy about the way 54 00:02:51,800 --> 00:02:55,280 Speaker 2: that institutions like the Federal Reserve are being attacked by 55 00:02:55,320 --> 00:02:58,560 Speaker 2: Donald Trump. And he doesn't like Donald Trump's so called 56 00:02:58,639 --> 00:03:02,360 Speaker 2: Big Beautiful Bill, which will actually increase taxes on foreign 57 00:03:02,400 --> 00:03:04,560 Speaker 2: investors such as the Australian superfunds. 58 00:03:04,880 --> 00:03:08,600 Speaker 1: Story number three Federal Treasurer Jim Chalmers says the thirty 59 00:03:08,639 --> 00:03:12,360 Speaker 1: billion dollars Santas takeover bid from a consortium led by 60 00:03:12,400 --> 00:03:15,840 Speaker 1: Abu Dhabi's national oil company has got a long way 61 00:03:15,880 --> 00:03:16,560 Speaker 1: to run yet. 62 00:03:17,080 --> 00:03:18,840 Speaker 2: It was the first time the Treasurer, who needs to 63 00:03:18,840 --> 00:03:21,840 Speaker 2: approve the deal, has spoken since details were announced on Monday. 64 00:03:22,160 --> 00:03:24,720 Speaker 2: Mister Chalmers said the Foreign Investment Review Boards Advice would 65 00:03:24,720 --> 00:03:28,240 Speaker 2: consider it economic and national security now. Santos's share price 66 00:03:28,360 --> 00:03:31,920 Speaker 2: jumped to eleven percent on Monday after the announcement. It 67 00:03:31,960 --> 00:03:35,040 Speaker 2: was flat yesterday in a flat market, so didn't sort 68 00:03:35,040 --> 00:03:38,440 Speaker 2: of outperform or under perform. It closed yesterday seven dollars 69 00:03:38,480 --> 00:03:40,800 Speaker 2: seventy six a share. The offer price is eight dollars 70 00:03:40,880 --> 00:03:44,200 Speaker 2: eighty nine a share, So people clearly still think there's 71 00:03:44,200 --> 00:03:46,200 Speaker 2: a long way to go in this one and a 72 00:03:46,360 --> 00:03:49,440 Speaker 2: doubtful about whether or not this government will allow it. 73 00:03:49,880 --> 00:03:53,280 Speaker 1: Story number four Uranium Stocks sean having a good time 74 00:03:53,320 --> 00:03:56,000 Speaker 1: of it with forty eight hours of share price increases. 75 00:03:56,240 --> 00:04:00,640 Speaker 1: It comes after sprot Physical Uranium Trust, which is not 76 00:04:00,680 --> 00:04:04,240 Speaker 1: really a household name but should be. It certainly should 77 00:04:04,280 --> 00:04:07,320 Speaker 1: be said. It'll raised one hundred million dollars to buy 78 00:04:07,520 --> 00:04:09,080 Speaker 1: well uranium. 79 00:04:09,280 --> 00:04:13,760 Speaker 2: So sprout physical is an ETF that holds uranium like 80 00:04:13,800 --> 00:04:16,479 Speaker 2: physically not physically holds it, I suppose, but you know 81 00:04:16,839 --> 00:04:18,640 Speaker 2: has it in their vaults or something, rather than the 82 00:04:18,680 --> 00:04:21,200 Speaker 2: form of view three A eight, which is better known 83 00:04:21,240 --> 00:04:25,040 Speaker 2: as yellow cake. Given the growing number of nuclear reactors 84 00:04:25,040 --> 00:04:27,080 Speaker 2: in the planning, the price of uraniums on the rise. 85 00:04:27,120 --> 00:04:29,520 Speaker 2: It's about eighty US dollars a pound now. It's down 86 00:04:29,560 --> 00:04:31,920 Speaker 2: from its peak of twelve months ago of one hundred 87 00:04:32,279 --> 00:04:34,279 Speaker 2: US dollars a pound, but it's about four times higher 88 00:04:34,320 --> 00:04:37,880 Speaker 2: than what it was pre COVID. That's helped the share 89 00:04:37,920 --> 00:04:40,560 Speaker 2: prices of the local uranium stocks, particularly in the last 90 00:04:40,600 --> 00:04:43,039 Speaker 2: week since this trust said it's going to buy a 91 00:04:43,080 --> 00:04:47,279 Speaker 2: bunch of it. Places like companies like Deep, Yellow, Boss Energy, Paladin, 92 00:04:47,360 --> 00:04:49,320 Speaker 2: and Silent Systems have all done really well. 93 00:04:49,720 --> 00:04:52,320 Speaker 1: Last one story number five, This story shown is about 94 00:04:52,320 --> 00:04:54,960 Speaker 1: a stock that trades on Mall Street. It's made zero 95 00:04:55,080 --> 00:04:58,080 Speaker 1: revenue this year, much less a profit, yet its share 96 00:04:58,120 --> 00:05:01,840 Speaker 1: price is four hundred and sixty times higher today than 97 00:05:01,880 --> 00:05:03,960 Speaker 1: a year ago. When what's so? What's that forty six 98 00:05:04,160 --> 00:05:05,279 Speaker 1: thousand percent? 99 00:05:05,720 --> 00:05:09,599 Speaker 2: Yes, it's a biotech focused on herbal medicine region Cell 100 00:05:09,720 --> 00:05:14,039 Speaker 2: Bioscience Holdings is its name. It's market kapnow is almost 101 00:05:14,080 --> 00:05:17,440 Speaker 2: thirty billion US dollars. Earlier this month, the company said 102 00:05:17,440 --> 00:05:19,760 Speaker 2: it's border proved to thirty eight for one stock split. 103 00:05:20,720 --> 00:05:25,400 Speaker 2: When that happened, so it splits one stock into thirty eight, 104 00:05:25,839 --> 00:05:29,480 Speaker 2: so the stock becomes much cheaper. Well, it's shit. When 105 00:05:29,520 --> 00:05:31,360 Speaker 2: it did that, It's share price raise two hundred and 106 00:05:31,360 --> 00:05:34,040 Speaker 2: eighty three percent in twenty four hours in one session. 107 00:05:34,240 --> 00:05:38,200 Speaker 2: Quite phenomena. The extraordinary thing. There's been little or no 108 00:05:38,360 --> 00:05:41,840 Speaker 2: news about the company that's prompted this ridiculous run. It 109 00:05:41,960 --> 00:05:44,159 Speaker 2: debuted on the Nasdaq twenty twenty one. It's in the 110 00:05:44,200 --> 00:05:48,640 Speaker 2: research and development stage. It hopes to treat neurological disorders 111 00:05:48,640 --> 00:05:51,640 Speaker 2: such as ADHD and autism and spectrum disorder. But it 112 00:05:51,640 --> 00:05:54,560 Speaker 2: has no revenue, no profit. Up forty six thousand percent 113 00:05:54,600 --> 00:05:55,240 Speaker 2: in the last year. 114 00:05:55,400 --> 00:05:57,080 Speaker 1: Makes no sense. There We go to the top five 115 00:05:57,120 --> 00:05:58,520 Speaker 1: business stories in five minutes. 116 00:05:58,560 --> 00:06:00,000 Speaker 2: Thank you Sean, Thank you Michael. 117 00:06:00,200 --> 00:06:03,000 Speaker 1: It's Wednesday, the eighteenth of June twenty twenty five. Remember 118 00:06:03,040 --> 00:06:05,240 Speaker 1: to hit follow on the podcast, and if five minutes 119 00:06:05,240 --> 00:06:07,599 Speaker 1: isn't enough, you can find our longer daily show called 120 00:06:07,640 --> 00:06:10,679 Speaker 1: Fear and greed wherever you listen to podcasts. I'm Michael 121 00:06:10,720 --> 00:06:12,760 Speaker 1: Thompson and that was the Fast five business news by 122 00:06:12,800 --> 00:06:15,000 Speaker 1: fear and greed. Have a great day.