1 00:00:04,800 --> 00:00:09,319 Speaker 1: Well, welcome to the update. I'm Michelle Stevenson. Well, the 2 00:00:09,360 --> 00:00:12,360 Speaker 1: treasurers signaled to that tax reform that may be on 3 00:00:12,400 --> 00:00:15,680 Speaker 1: the way, warning the current budget just isn't sustainable. In 4 00:00:15,720 --> 00:00:19,200 Speaker 1: a major address, Jim Chalmers has told the National Press 5 00:00:19,200 --> 00:00:22,639 Speaker 1: Club Australia's economy is vulnerable and the government needs to 6 00:00:22,760 --> 00:00:24,200 Speaker 1: focus on productivity. 7 00:00:24,360 --> 00:00:27,840 Speaker 2: Our budget is stronger, but it's not yet sustainable enough. 8 00:00:28,680 --> 00:00:32,839 Speaker 2: Our economy is growing, but it's not productive enough. It 9 00:00:32,960 --> 00:00:36,280 Speaker 2: is resilient, but it's not resilient enough in the face 10 00:00:36,440 --> 00:00:38,640 Speaker 2: of all of this global economic volatility. 11 00:00:39,400 --> 00:00:43,320 Speaker 1: Well, Shadow Finance Minister James Patterson agrees that change is needed. 12 00:00:43,760 --> 00:00:47,040 Speaker 1: Bard says the government shouldn't increase any taxes. 13 00:00:47,200 --> 00:00:50,640 Speaker 3: There is no question that we could collect tax more 14 00:00:50,640 --> 00:00:54,280 Speaker 3: efficiently and in a less distortionary way than we do 15 00:00:54,440 --> 00:00:58,880 Speaker 3: in this country, but that is not an excuse to 16 00:00:59,080 --> 00:01:01,080 Speaker 3: raise taxes on Australias. 17 00:01:01,480 --> 00:01:05,199 Speaker 1: The PM is considering a trip to Europe as early 18 00:01:05,240 --> 00:01:08,600 Speaker 1: as next week to attend the NATO's security Summit. Anthony 19 00:01:08,640 --> 00:01:11,720 Speaker 1: Albenezi as flagged he would go to the Netherlands if 20 00:01:11,720 --> 00:01:15,000 Speaker 1: he can secure a meeting with the US president. Is 21 00:01:15,040 --> 00:01:17,559 Speaker 1: after Donald Trump skipped his first a face to face 22 00:01:17,640 --> 00:01:19,920 Speaker 1: meeting with the Prime Minister to deal with the Middle 23 00:01:19,959 --> 00:01:23,880 Speaker 1: East conflict. Now Optus has agreed to pay one hundred 24 00:01:24,040 --> 00:01:27,800 Speaker 1: million dollars in fines for targeting customers with deals they 25 00:01:27,840 --> 00:01:31,560 Speaker 1: simply couldn't afford and did not need. The Consumer Watchdog 26 00:01:31,600 --> 00:01:34,960 Speaker 1: took court action, saying many of the customers were vulnerable 27 00:01:35,080 --> 00:01:38,840 Speaker 1: or experienced disadvantage. That penalty now needs to get approval 28 00:01:38,840 --> 00:01:42,000 Speaker 1: from the Federal Court. Yeah Guzi is a reigning and 29 00:01:42,000 --> 00:01:45,760 Speaker 1: spending when it comes to recreational activities, choosing instead to 30 00:01:45,760 --> 00:01:49,600 Speaker 1: cover mortgage, rey payments, rent and other expenses. While data 31 00:01:49,640 --> 00:01:53,640 Speaker 1: from KPMG suggests older generations are out there enjoying more 32 00:01:53,800 --> 00:01:58,000 Speaker 1: on travel and dining out, and Australia has ranked highly 33 00:01:58,120 --> 00:02:00,960 Speaker 1: in the list of the world's most liveable cities. Copenhagen 34 00:02:01,000 --> 00:02:04,520 Speaker 1: has toppled Vienna for number one. Three Aussie cities are 35 00:02:04,560 --> 00:02:08,320 Speaker 1: in the top ten. Adelaide sits ninth, Sydney is in six, 36 00:02:08,480 --> 00:02:11,600 Speaker 1: and Melbourne comes in at fourth. Sport and Entertainment to 37 00:02:11,639 --> 00:02:16,440 Speaker 1: next to sport and tennis Star Arena. Sablenka has apologized 38 00:02:16,440 --> 00:02:20,720 Speaker 1: to Cocoa Gough for making completely unprofessional comments after the 39 00:02:20,720 --> 00:02:23,920 Speaker 1: French Open final. Now Sabolenka said the only reason GoF 40 00:02:24,000 --> 00:02:26,880 Speaker 1: won the match was because of her mistakes in Your 41 00:02:26,960 --> 00:02:29,840 Speaker 1: Entertainment News Now and Beyonce and Jay Z reportedly have 42 00:02:29,960 --> 00:02:32,760 Speaker 1: lawyers at the ready as they prepare for the worst 43 00:02:32,800 --> 00:02:37,000 Speaker 1: amid P Diddy's ongoing sex trafficking trial. The superstar couple 44 00:02:37,200 --> 00:02:40,320 Speaker 1: haven't been mentioned in the ongoing trial, but insiders claim 45 00:02:40,360 --> 00:02:43,160 Speaker 1: that they are pretty nervous their names could come up. 46 00:02:43,720 --> 00:02:47,359 Speaker 1: Scala Johansen has revealed what gets her going. The two 47 00:02:47,400 --> 00:02:50,600 Speaker 1: time Oscar nominee says she listens to Chapel Rhan's Hot 48 00:02:50,639 --> 00:02:53,520 Speaker 1: to Go at least twenty times a day. And Kennye 49 00:02:53,560 --> 00:02:56,960 Speaker 1: West is coppings and backlash from fans online after dressing 50 00:02:57,000 --> 00:03:00,519 Speaker 1: his wife Piankason Sorry like an exact clone of his 51 00:03:00,639 --> 00:03:03,600 Speaker 1: ex Kim Kardashian. The Aussie architect has stepped out in 52 00:03:03,760 --> 00:03:07,720 Speaker 1: La sporting long black hair extensions and a plunging nude 53 00:03:07,880 --> 00:03:10,120 Speaker 1: one piece. And that's the latest from the Nervo podcast 54 00:03:10,200 --> 00:03:11,880 Speaker 1: news team. We'll have another episode of the Update for 55 00:03:11,960 --> 00:03:13,639 Speaker 1: you tomorrow. I'm Michelle Stevenson.