1 00:00:03,920 --> 00:00:07,000 Speaker 1: It's Friday, the eleventh of July twenty twenty five. Welcome 2 00:00:07,040 --> 00:00:09,360 Speaker 1: to the Fast Five by Fear and Greed, where we 3 00:00:09,400 --> 00:00:11,440 Speaker 1: give you the top five business stories you need to 4 00:00:11,480 --> 00:00:14,440 Speaker 1: know in just five minutes. I'm Adam Lang and good 5 00:00:14,480 --> 00:00:18,720 Speaker 1: morning Sean Aylmer. Good morning, Adam, Sean Story number one. 6 00:00:18,920 --> 00:00:21,880 Speaker 1: It has been twenty four hours of records on financial 7 00:00:21,920 --> 00:00:25,040 Speaker 1: markets on Wall Street, and Video became the first company 8 00:00:25,079 --> 00:00:28,400 Speaker 1: ever to be valued at over US four trillion dollars. 9 00:00:28,440 --> 00:00:31,880 Speaker 1: In crypto markets, Bitcoin reached a new high despite the 10 00:00:31,880 --> 00:00:35,919 Speaker 1: global uncertainty, and locally one of the best performing stocks 11 00:00:36,000 --> 00:00:40,519 Speaker 1: of last year. Imaging group Promedicus hits another record, forcing 12 00:00:40,560 --> 00:00:43,240 Speaker 1: its way into the top twenty stocks for the first time. 13 00:00:43,920 --> 00:00:46,960 Speaker 2: Given all the uncertainty around tariffs and global growth, performance 14 00:00:47,000 --> 00:00:51,239 Speaker 2: of the assets pretty much exceptional. It reflects a seeming 15 00:00:51,880 --> 00:00:54,680 Speaker 2: underlying optimism that despite what's going on in the US, 16 00:00:54,880 --> 00:00:56,920 Speaker 2: things are okay. Let me run through the men. Video 17 00:00:56,960 --> 00:01:00,280 Speaker 2: push beyond the four trillion US dollar market valuation point 18 00:01:00,280 --> 00:01:02,880 Speaker 2: one trillion Aussie dollars. Let's put that in perspective. That's 19 00:01:02,880 --> 00:01:05,320 Speaker 2: more than twice the value of the total market cap 20 00:01:05,720 --> 00:01:09,840 Speaker 2: of all to top two hundred stocks. On the asp X. 21 00:01:10,160 --> 00:01:12,080 Speaker 2: These stocks out more than twenty percent this year, more 22 00:01:12,120 --> 00:01:15,479 Speaker 2: than one thousand percent since the beginning of twenty twenty three. 23 00:01:15,640 --> 00:01:19,160 Speaker 2: Pretty phenomenal. Let's go to bitcoin. It's pushing beyond one 24 00:01:19,240 --> 00:01:21,520 Speaker 2: hundred and twelve thousand US dollars for the first time. 25 00:01:21,720 --> 00:01:25,440 Speaker 2: There's broad support for risk assets, notwithstanding all the tourn 26 00:01:25,520 --> 00:01:28,240 Speaker 2: oil going on that swept up tech stocks as well 27 00:01:28,240 --> 00:01:31,639 Speaker 2: as cryptocurrencies. Bitcoin, of course, is the original crypto asset. 28 00:01:31,959 --> 00:01:34,240 Speaker 2: It's up twenty percent this year. And let's say that 29 00:01:34,319 --> 00:01:38,119 Speaker 2: institutional demand for bitcoin is surging, not just retail demand, 30 00:01:38,400 --> 00:01:40,319 Speaker 2: and that gives it some sustainability. 31 00:01:40,800 --> 00:01:44,399 Speaker 1: Sean back home, Promedicus keeps going from strength to strength. 32 00:01:44,480 --> 00:01:45,880 Speaker 1: Tell us about it when. 33 00:01:45,720 --> 00:01:48,400 Speaker 2: It's an imaging provider to hospitals and healthcare groups. The 34 00:01:48,400 --> 00:01:50,160 Speaker 2: way I think of it is it's a company that 35 00:01:50,240 --> 00:01:53,160 Speaker 2: springs X rays into the twenty first century. Bit more 36 00:01:53,160 --> 00:01:56,600 Speaker 2: than that, its visage radiology software is used mostly by 37 00:01:56,600 --> 00:01:59,960 Speaker 2: North American hospitals. Allows for very efficient viewing and interpret 38 00:02:00,240 --> 00:02:02,640 Speaker 2: of scans. One of the best performing companies on the 39 00:02:02,640 --> 00:02:04,480 Speaker 2: A six two hundred over the last year, up one 40 00:02:04,560 --> 00:02:06,600 Speaker 2: hundred and forty percent. That's on the back of a 41 00:02:06,640 --> 00:02:09,359 Speaker 2: bunch of contract wins in the US and small sort 42 00:02:09,400 --> 00:02:12,280 Speaker 2: of general support from fund managers who're seeing the potential 43 00:02:12,280 --> 00:02:14,880 Speaker 2: in the company. Promedicus has pushed its way into the 44 00:02:14,919 --> 00:02:18,280 Speaker 2: top twenty stocks. It's now bigger than Aria zero Cole Santos, 45 00:02:18,280 --> 00:02:20,480 Speaker 2: about twice the size of Quantus. 46 00:02:20,240 --> 00:02:23,919 Speaker 1: Sean story number two. Universities and arts bodies will lose 47 00:02:23,960 --> 00:02:27,280 Speaker 1: government funding if they failed to combat anti Semitic bigotry 48 00:02:27,280 --> 00:02:30,480 Speaker 1: from staff, students and artists. As part of a new 49 00:02:30,520 --> 00:02:35,120 Speaker 1: federal strategy to combat the wave of attacks against Jewish Australians. 50 00:02:34,880 --> 00:02:37,400 Speaker 2: Prime Minister Anthony have an Easy, Home Affairs Minister Tony 51 00:02:37,440 --> 00:02:42,119 Speaker 2: Burke and Special Envoy on Anti Semitism Gillian Siegel announced 52 00:02:42,120 --> 00:02:44,840 Speaker 2: the plan yesterday, saying Australian Border Force officials will be 53 00:02:44,880 --> 00:02:47,880 Speaker 2: trained to spot and deport anti Semites. The announcement comes 54 00:02:47,919 --> 00:02:51,079 Speaker 2: after a government commission report by Miss Siegel. It shows 55 00:02:51,120 --> 00:02:55,120 Speaker 2: anti Jewish sentiment in Australia has risen to deeply troubling levels. 56 00:02:55,240 --> 00:02:57,400 Speaker 2: The report also includes a push to adopt the national 57 00:02:57,480 --> 00:03:01,040 Speaker 2: standard definition of anti Jewish bigotry. It's part of a 58 00:03:01,040 --> 00:03:04,520 Speaker 2: new strategy to combat the waves of attacks against Jewish 59 00:03:04,520 --> 00:03:08,440 Speaker 2: Australians in recent months, including alleged anti Semitic attacks in 60 00:03:08,520 --> 00:03:09,960 Speaker 2: Melbourne last weekend. 61 00:03:10,560 --> 00:03:13,000 Speaker 1: Story number three. The private equity owners of some of 62 00:03:13,000 --> 00:03:16,880 Speaker 1: Australia's oldest and best known magazine brands, The Australian Women's Weekly, 63 00:03:16,960 --> 00:03:19,920 Speaker 1: Better Homes and Gardens, New Idea and Women's Day have 64 00:03:20,040 --> 00:03:21,919 Speaker 1: put the titles up for sale. 65 00:03:22,040 --> 00:03:25,359 Speaker 2: They're owned by private equity group Mercury Capital. They want 66 00:03:25,360 --> 00:03:28,519 Speaker 2: to sell the magazine publisher as a group. They're called 67 00:03:28,639 --> 00:03:32,360 Speaker 2: Our Media ar Medium. The group struggled from a decline 68 00:03:32,360 --> 00:03:37,040 Speaker 2: in advertising dollars flowing away from traditional magazine brands. There's 69 00:03:37,240 --> 00:03:40,240 Speaker 2: plenty of tough competition out there social media platform podcasts, 70 00:03:40,280 --> 00:03:43,800 Speaker 2: of course, streaming services rival women's media groups. Our Media 71 00:03:43,920 --> 00:03:46,320 Speaker 2: used to be known as Bauer Media, the German media 72 00:03:46,400 --> 00:03:49,280 Speaker 2: John Bower spent five hundred and sixty five million dollars 73 00:03:49,840 --> 00:03:52,960 Speaker 2: creating this business, then sold it for about fifty million 74 00:03:53,000 --> 00:03:55,720 Speaker 2: dollars to Mercury Capital. Will be interested to see what 75 00:03:55,760 --> 00:03:57,000 Speaker 2: the sale price on this one is. 76 00:03:57,320 --> 00:04:00,400 Speaker 1: Story number four. The rugby league state of origin between 77 00:04:00,440 --> 00:04:02,920 Speaker 1: Queensland and New South Wales resulted in a win for 78 00:04:02,960 --> 00:04:06,520 Speaker 1: the Sunshine State and also for nine Network streaming service 79 00:04:06,600 --> 00:04:07,080 Speaker 1: nine Now. 80 00:04:07,280 --> 00:04:09,680 Speaker 2: The game had an average national TV audience of more 81 00:04:09,720 --> 00:04:13,200 Speaker 2: than three point nine million people, according to ratings company OSTAM, 82 00:04:13,440 --> 00:04:15,640 Speaker 2: made it the most watched program of twenty twenty five. 83 00:04:15,680 --> 00:04:17,880 Speaker 2: Almost five point seven million people tuned in for at 84 00:04:17,960 --> 00:04:21,560 Speaker 2: least a minute through broadcast TV or fifteen seconds through 85 00:04:21,600 --> 00:04:24,320 Speaker 2: the streaming app. In this case nine Now that's nine 86 00:04:24,360 --> 00:04:28,320 Speaker 2: Networks streaming app. It had the biggest streaming audience in history. 87 00:04:28,720 --> 00:04:30,960 Speaker 2: Nine zed it was the biggest TV audience for an 88 00:04:30,960 --> 00:04:34,720 Speaker 2: Origin game since twenty sixteen. The three Origin games are 89 00:04:34,720 --> 00:04:37,240 Speaker 2: the most watched events of the year, reaching about five 90 00:04:37,240 --> 00:04:38,400 Speaker 2: and a half million each. 91 00:04:38,880 --> 00:04:42,479 Speaker 1: Sean story number five. Europe's top human rights court has 92 00:04:42,520 --> 00:04:46,000 Speaker 1: delivered damning judgments against Russia in four cases brought by 93 00:04:46,080 --> 00:04:50,080 Speaker 1: Kiev and the Netherlands accusing Moscow of atrocities in Ukraine 94 00:04:50,120 --> 00:04:52,000 Speaker 1: dating back more than a decade. 95 00:04:52,240 --> 00:04:54,320 Speaker 2: Judges at the European Court of Human Rights rule that 96 00:04:54,400 --> 00:04:58,040 Speaker 2: Russia was responsible for widespread violations of international law, from 97 00:04:58,040 --> 00:05:02,200 Speaker 2: shooting down Malaysia Airlines Fly seventeen in twenty fourteen to 98 00:05:02,279 --> 00:05:06,279 Speaker 2: the murder, torture, rape, destruction of civilian infrastructure and kidnapping 99 00:05:06,279 --> 00:05:10,200 Speaker 2: of Ukrainian children after Moscow's full scale invasion in twenty 100 00:05:10,240 --> 00:05:13,120 Speaker 2: twenty two. The Boeing Triple seven, flying from EMPs then 101 00:05:13,160 --> 00:05:16,080 Speaker 2: Takuala Lumpa, was shot down on July seventeen, twenty fourteen, 102 00:05:16,200 --> 00:05:19,440 Speaker 2: using a Russian made buck missile fired from territory in 103 00:05:19,480 --> 00:05:23,480 Speaker 2: eastern Ukraine that's controlled by separatist rebels loyal to Moscow. 104 00:05:23,960 --> 00:05:26,599 Speaker 2: All two hundred and ninety eight passengers and crew were killed, 105 00:05:26,600 --> 00:05:29,400 Speaker 2: including thirty eight Australian citizens and residents. 106 00:05:29,960 --> 00:05:32,040 Speaker 1: That's it, the top five business stories you need to 107 00:05:32,080 --> 00:05:34,360 Speaker 1: know in just five minutes. Thank you very much, Sean. 108 00:05:34,720 --> 00:05:35,279 Speaker 2: Thanks Adam. 109 00:05:35,360 --> 00:05:38,360 Speaker 1: It's Friday, the eleventh of July twenty twenty five. Remember 110 00:05:38,400 --> 00:05:41,000 Speaker 1: to hit follow on the podcast, and if five minutes 111 00:05:41,120 --> 00:05:43,719 Speaker 1: is not enough, then find our longer podcast called Fear 112 00:05:43,760 --> 00:05:46,920 Speaker 1: and Greed on your favorite podcast platform. I'm Adam Lang 113 00:05:46,960 --> 00:05:48,880 Speaker 1: and that was the fast five by Fear and Greed. 114 00:05:49,120 --> 00:05:49,920 Speaker 1: Have a great date.