1 00:00:04,600 --> 00:00:09,480 Speaker 1: Allam, Welcome to the update. I'm Michelle Stevenson. The Treasurer 2 00:00:09,520 --> 00:00:12,520 Speaker 1: has described today's interest rate cart says welcome relate for 3 00:00:12,600 --> 00:00:15,680 Speaker 1: millions of Ossie's. The Reserve Bank has slashed the official 4 00:00:15,720 --> 00:00:18,200 Speaker 1: cachheat for the second time this year, now sits at 5 00:00:18,200 --> 00:00:21,759 Speaker 1: three point eighty five percent. Jim Chalmers says today's change 6 00:00:21,800 --> 00:00:23,920 Speaker 1: will have a big impact on family budgets. 7 00:00:24,000 --> 00:00:27,280 Speaker 2: This decision today for a five hundred thousand dollars mortgage 8 00:00:27,480 --> 00:00:31,960 Speaker 2: means seventy nine dollars a month or nine hundred and 9 00:00:32,120 --> 00:00:34,960 Speaker 2: forty seven dollars a year. For someone with a seven 10 00:00:35,040 --> 00:00:37,680 Speaker 2: hundred and fifty thousand dollars mortgage one hundred and eighteen 11 00:00:37,720 --> 00:00:40,800 Speaker 2: dollars a month or one thy four hundred and twenty 12 00:00:40,840 --> 00:00:41,680 Speaker 2: dollars a year. 13 00:00:42,040 --> 00:00:44,599 Speaker 1: Well, the big four banks have already moved, agreeing to 14 00:00:44,720 --> 00:00:48,120 Speaker 1: pass on the rate cart in full. National's leader David 15 00:00:48,120 --> 00:00:51,800 Speaker 1: little Brown insists there is no anks or animosity. After 16 00:00:51,840 --> 00:00:55,000 Speaker 1: splitting from the coalition agreement with the Liberals, the two 17 00:00:55,080 --> 00:00:58,800 Speaker 1: parties were unable to reach a compromise over nuclear and 18 00:00:58,880 --> 00:01:01,880 Speaker 1: a Nationals plan to four pssibly break up supermarkets who 19 00:01:01,920 --> 00:01:05,280 Speaker 1: rip off customers. Mister Little prowd says it's an opportunity 20 00:01:05,280 --> 00:01:08,039 Speaker 1: for both parties to reset, keeping the door open to 21 00:01:08,319 --> 00:01:10,560 Speaker 1: a future coalition agreement. 22 00:01:10,440 --> 00:01:14,160 Speaker 3: By Susan Lady. And my preference is that they are 23 00:01:14,200 --> 00:01:17,520 Speaker 3: given the space to create their policy platform to be 24 00:01:17,560 --> 00:01:19,880 Speaker 3: able to come back to us at any juncture, and 25 00:01:20,080 --> 00:01:22,160 Speaker 3: Susans made very clear to me at any juncture we 26 00:01:22,200 --> 00:01:23,080 Speaker 3: can go back to them. 27 00:01:23,400 --> 00:01:26,720 Speaker 1: The Queenslay Premier is defending the states youth crime laws 28 00:01:26,760 --> 00:01:29,880 Speaker 1: after it was criticized by the United Nations. The UN 29 00:01:29,959 --> 00:01:33,800 Speaker 1: Special Rappertoire on Torture says the adult crime adult time 30 00:01:33,880 --> 00:01:37,800 Speaker 1: laws are incompatible with basic child rights and once the 31 00:01:37,880 --> 00:01:43,360 Speaker 1: law's repealed. Victoria's Treasurer has handed down her first state budget. 32 00:01:43,640 --> 00:01:46,520 Speaker 1: Jacquelin Simms is defending the state's debt, which is projected 33 00:01:46,600 --> 00:01:49,120 Speaker 1: hit one hundred and ninety four billion dollars within the 34 00:01:49,160 --> 00:01:53,360 Speaker 1: next four years, and there are fears for commercial fishing operators. 35 00:01:53,400 --> 00:01:57,040 Speaker 1: If the algae bloom around South Australia continues, marine life 36 00:01:57,040 --> 00:01:59,560 Speaker 1: including sharks and stingrays, continue to wash up dead on 37 00:01:59,640 --> 00:02:03,840 Speaker 1: beach around the state, including Kangaroo Island. Sport and entertainment 38 00:02:04,080 --> 00:02:07,520 Speaker 1: are next to sport and departing manly skipper Dally Terry 39 00:02:07,520 --> 00:02:10,399 Speaker 1: Evans has confirmed he's spoken to the Roosters and Dolphins 40 00:02:10,400 --> 00:02:13,360 Speaker 1: about a potential deal. He insists he hasn't put pen 41 00:02:13,480 --> 00:02:16,480 Speaker 1: to paper for next season, though in Western Bulldog's coach 42 00:02:16,560 --> 00:02:19,480 Speaker 1: Luke Beveridge says he's close to signing a contract extension 43 00:02:19,480 --> 00:02:22,120 Speaker 1: with the AFL club. The Dog sits fifth on the 44 00:02:22,200 --> 00:02:24,960 Speaker 1: ladder New Entertainment News Now and Tom Cruise has no 45 00:02:25,120 --> 00:02:28,400 Speaker 1: plans on retiring from acting any time soon. The Hotherwood 46 00:02:28,440 --> 00:02:30,600 Speaker 1: start ad viitting he wants to make movies well past 47 00:02:30,639 --> 00:02:34,440 Speaker 1: his one hundredth birthday, adding that he will never stop well. 48 00:02:34,520 --> 00:02:38,280 Speaker 1: Kannye's upcoming South Korean concert has been canceled due to 49 00:02:38,320 --> 00:02:41,560 Speaker 1: his recent controversies. The rapper was said to perform the 50 00:02:41,680 --> 00:02:44,480 Speaker 1: end of May, but has instead been sidelined, with fans 51 00:02:44,520 --> 00:02:48,480 Speaker 1: receiving full refunds. And it appears as though Mariah Carey 52 00:02:48,600 --> 00:02:50,800 Speaker 1: is preparing to make a triumph a return to Australian 53 00:02:50,840 --> 00:02:54,520 Speaker 1: stages this year, the pop PYCN reportedly bringing her Celebration 54 00:02:54,680 --> 00:02:57,600 Speaker 1: of Mimi tour down under, marking her first tour on 55 00:02:57,639 --> 00:03:00,600 Speaker 1: Ossie Soil in more than a decade. That's the latest 56 00:03:00,600 --> 00:03:02,400 Speaker 1: for the Nervo Podcast news team. We'll have another episode 57 00:03:02,400 --> 00:03:04,600 Speaker 1: of the Update for you tomorrow. I'm Michelle Stevenson.