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Speaker 1: It's Tuesday, the twenty first of January twenty twenty five.

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Speaker 1: Welcome to the Fast five Business News by Fear and Greed.

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Speaker 1: Will we give you the top five business stories you

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Speaker 1: need to know in just five minutes. I'm Michael Thompson

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Speaker 1: and good morning, Sean Aylmer. Good morning, Michael, Sean five

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Speaker 1: stories in five minutes. Let's go. Sorry. Number one is

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Speaker 1: a big one. In the United States has a new

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Speaker 1: president with Donald Trump being sworn in this morning and

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Speaker 1: a scaled down version of inauguration due to the weather.

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Speaker 2: That's right. He is the forty seventh president of the

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Speaker 2: United States. It was held indoors the inauguration because of

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Speaker 2: the weather. As you mentioned, that meant fewer people, mostly politicians,

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Speaker 2: but a bunch of CEOs as well. Mark Zuckerberg, Elon Musk,

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Speaker 2: Jeff Bezos. All the living presidents turned up. Barack Obama,

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Speaker 2: Joe Biden with his wife Jill, Bill and Hillary Clinton

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Speaker 2: were there. George W and Lara Bush. Sorry, George W.

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Speaker 2: And Laura Bush apologizing as Bush notable declines in the invitation,

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Speaker 2: Former House Speaker Nancy Pelosi, and Michelle Obama. There were

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Speaker 2: three official balls. They're probably going on as we speak,

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Speaker 2: Donald Trump's expected to sign more than one hundred executive orders,

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Speaker 2: including pardoning most of those arrested after the January sixth

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Speaker 2: ride on Capitol Hill four years ago. He'll probably sign

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Speaker 2: orders around the Mexican border, also around domestic energy production.

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Speaker 2: Fair to say, he wasn't gracious in taking over, saying

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Speaker 2: that his rise ends four years of American decline, is

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Speaker 2: going to end the failed and corupt political establishment in Washington.

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Speaker 2: He kind of made some pretty outrageous comments ahead of

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Speaker 2: the inauguration. He also danced along to a live performance

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Speaker 2: of Ymca by the Village People. Not something I'd recommend

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Speaker 2: you go and chase Sean just quickly.

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Speaker 1: What's Australia's take on it all?

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Speaker 2: Foreign Minister Pennywong attended the inauguration, as did Ambassador to

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Speaker 2: the US Kevin Ruda. Ms Wong said that Australia and

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Speaker 2: the US are closely aligned on how to push back

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Speaker 2: against China in the Pacific. There'll be talks between canber

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Speaker 2: and the new administration on that. Deputy PM Richard Miles

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Speaker 2: said he's confident about the progress of ORCUS. Donald Trump

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Speaker 2: has met Kevin Rudd in recent days. They are working

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Speaker 2: at a meeting between Donald Trump and Anthony Albanezi shown.

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Speaker 1: Story number two is really linked to story number one.

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Speaker 1: It is still about Donald Trump. A meme coin that

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Speaker 1: Donald Trump debuted on his social media accounts on Friday

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Speaker 1: has attracted billions of dollars of trading volume.

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Speaker 2: Incredible story trades under the ticket Dollar Trump on the

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Speaker 2: Solana blockchain's gone from a few cents to as much

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Speaker 2: as seventy five a US dollars. That gives it a

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Speaker 2: market value of about nine billion US dollars. According to

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Speaker 2: coin market Cap. Two hundred million tokens are revilable, though

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Speaker 2: Trump affiliated entities have another eight million. According to The

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Speaker 2: New York Times, that just means that the Trump entities

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Speaker 2: could end up making tens of billions of dollars from this.

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Speaker 2: Millennia also launched a coin in the past twenty four

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Speaker 2: hours called Dollar Millennia, value about one point three billion dollars.

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Speaker 2: Not supposed to be investment opportunities, just a mean coin,

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Speaker 2: as in a sort of crypto that's almost tied to

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Speaker 2: an online joke or celebrity, yet plenty of people are

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Speaker 2: buying them.

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Speaker 1: Story number three bring it back home to an investment

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Speaker 1: that we all pretty much hold Sean super funds posted

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Speaker 1: a stellar performance in twenty twenty four, with the median

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Speaker 1: growth fund returning eleven point four percent, meaning that's twelve

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Speaker 1: positive years in the last thirteen.

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Speaker 2: Given that the typical goal for a growth fund is

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Speaker 2: six percent, eleven point four percent is pretty good. The

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Speaker 2: year before twenty twenty three was almost ten percent. Man

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Speaker 2: Suber is doing very well. A growth fund has sixty

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Speaker 2: one to eighty percent of assets in growth assets. Higher

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Speaker 2: risk portfolios did even better. In calling the chant West.

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Speaker 2: The big winners were those who bought international chairs, particularly

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Speaker 2: the big tech stocks on Wall Street. Not only did

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Speaker 2: they get the share price appreciation, they also got the

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Speaker 2: Australian dollar depreciation, so when it's converted back to Ozsie dollars,

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Speaker 2: you ended up with more of them. Ozzie shares were

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Speaker 2: rough about eleven percent. All major asset classes are actually positive,

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Speaker 2: except for unlisted property top performing superfund last year, UNI

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Speaker 2: super top performers over the last ten years. Of course,

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Speaker 2: long term horizon and what souper is about host plus

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Speaker 2: showing in retirement trust and Ossie super.

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Speaker 1: Story number four sewn big news yesterday from Starr Entertainment

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Speaker 1: They warned that its future is in doubt after revenue

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Speaker 1: fell in the final quarter of last year and it

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Speaker 1: struggles to organize refinancing.

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Speaker 2: It's looking at different ways to stay afloat, but isn't

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Speaker 2: really comfortable about any of them. According to the company,

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Speaker 2: of course it has casinos in Sydney, Brisbane and the

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Speaker 2: Gold Coast. In an ASEX statement, it's said and I

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Speaker 2: quote there remains material uncertainty as to the group's ability

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Speaker 2: to continue as a going concern end quote. In terms

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Speaker 2: of ASEX statements, that is pretty drastic. Big slump in

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Speaker 2: revenue during December quarter, partly because the closure of its

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Speaker 2: old casino precinct in Brisbane, slow down and spending in Sydney.

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Speaker 2: Share price down fourteen percent to twelve since the share

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Speaker 2: yesterday in all sorts.

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Speaker 1: Last one sean story number five real change of pace

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Speaker 1: for the end of the show. Here move Fassa. The

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Speaker 1: Lion King, which is a prequel to the original line

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Speaker 1: King that was released thirty years ago on a Fantastic film,

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Speaker 1: has slowly slowly crept into a major hit.

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Speaker 2: It was launched at Christmas, considered a bit of a dud.

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Speaker 2: The first weekend made thirty five million dollars, which isn't

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Speaker 2: much for a blockbuster so called blockbuster, particularly when it

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Speaker 2: costs two hundred million dollars to make. There were fears

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Speaker 2: that Disney's Lion King franchise think movies, TV, stage musicals,

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Speaker 2: theme park attraction stuff, toys, things like that, fears that

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Speaker 2: had lost their attraction. But people keep turning up at cinemas.

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Speaker 2: Last weekend, Mafasa the Lion King was the number one

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Speaker 2: box office movie in the US globally now it's made

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Speaker 2: six hundred million dollars, expected to make another one hundred

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Speaker 2: million dollars before it leaves the cinemas. On that basis,

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Speaker 2: it would have been a top ten film for twenty

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Speaker 2: twenty four, and that's still behind Mahanna two, which was

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Speaker 2: launched at the same time, made a bet of billion

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Speaker 2: dollars globally. What I found interesting prequels like Mafasa they

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Speaker 2: do less well than sequels like Mawana two because people

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Speaker 2: know what happens at the end of prequels before they

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Speaker 2: even see them.

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Speaker 1: Just movie filled with spoilers, yes, essentially pretty much. All right,

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Speaker 1: there we go the top five business stories in five minutes.

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Speaker 1: Thank you very much.

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Speaker 2: Sean Thank you, Michael.

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Speaker 1: It is Tuesday, the twenty first of January twenty twenty five.

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Speaker 1: Remember to hit follow on the podcast and if five

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Speaker 1: minutes isn't enough, you're gonna find our longer daily show

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Speaker 1: called Fear and Greed wherever you listen to podcasts. Michael

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Speaker 1: Thompson and that was the Fast five Business News by

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Speaker 1: Fear and Greed. Had a great day.