1 00:00:04,840 --> 00:00:09,360 Speaker 1: Hello, Welcome to the update on Michelle Stevenson. Well, the 2 00:00:09,360 --> 00:00:12,560 Speaker 1: Treasurer says the federal government is trying to bring inflation 3 00:00:12,720 --> 00:00:16,240 Speaker 1: down as the Reserve Bank looks towards its next interest 4 00:00:16,320 --> 00:00:19,920 Speaker 1: rate decision, because superprices grew three point eight percent over 5 00:00:19,920 --> 00:00:23,920 Speaker 1: the year to January, while electricity was up whopping thirty 6 00:00:24,000 --> 00:00:27,920 Speaker 1: two percent as government subsidies expire. Jim Chalmers insists he 7 00:00:28,120 --> 00:00:30,400 Speaker 1: has made good progress on the budget. 8 00:00:30,480 --> 00:00:33,760 Speaker 2: I take seriously my responsibilities in the fight against inflation. 9 00:00:33,880 --> 00:00:37,360 Speaker 2: I take seriously our responsibilities to continue to make the 10 00:00:37,400 --> 00:00:41,560 Speaker 2: budget more responsible and more sustainable. We have made good 11 00:00:41,560 --> 00:00:43,959 Speaker 2: progress on the budget, but we know that there's more 12 00:00:44,000 --> 00:00:45,800 Speaker 2: work to do and that's the government's focus. 13 00:00:46,040 --> 00:00:50,479 Speaker 1: Well KPMG economist Terry Rawsley says it puts further pressure 14 00:00:50,560 --> 00:00:51,400 Speaker 1: on the Reserve Bank. 15 00:00:51,479 --> 00:00:53,240 Speaker 3: We probably hit the top of the cycle. But the 16 00:00:53,320 --> 00:00:56,040 Speaker 3: question is now, do we see a sort of rapid 17 00:00:56,240 --> 00:00:58,800 Speaker 3: decline back into the three percent band over the next 18 00:00:58,800 --> 00:01:01,319 Speaker 3: three months or six month or is it a thing 19 00:01:01,320 --> 00:01:04,600 Speaker 3: we're going to grind down over twelve or twenty four months. 20 00:01:04,640 --> 00:01:06,840 Speaker 3: So that's sort of the real question. 21 00:01:06,959 --> 00:01:10,240 Speaker 1: And the opposition is blaming persistent cost of living pressures 22 00:01:10,240 --> 00:01:14,919 Speaker 1: on excessive spending by the Albanese government. US President Donald 23 00:01:14,959 --> 00:01:17,679 Speaker 1: Trump has delivered his State of the Union address in 24 00:01:17,720 --> 00:01:21,440 Speaker 1: his second presidential term. He highlighted the closure of the 25 00:01:21,520 --> 00:01:24,560 Speaker 1: US border, dropping crime and the state of the economy. 26 00:01:24,600 --> 00:01:26,880 Speaker 1: At the top of his address to Congress. 27 00:01:26,520 --> 00:01:31,400 Speaker 2: Our nation is back, bigger, better, richer, and stronger than 28 00:01:31,440 --> 00:01:32,120 Speaker 2: ever before. 29 00:01:33,520 --> 00:01:35,880 Speaker 1: You've seen nothing yet We're going to do better and 30 00:01:35,920 --> 00:01:36,720 Speaker 1: better and better. 31 00:01:36,880 --> 00:01:38,720 Speaker 2: This is the Golden Age of America. 32 00:01:41,440 --> 00:01:41,640 Speaker 3: Well. 33 00:01:41,720 --> 00:01:44,680 Speaker 1: That address was the longest State of the Union in 34 00:01:44,840 --> 00:01:48,120 Speaker 1: US history, the President speaking for just shy of two hours, 35 00:01:48,160 --> 00:01:51,400 Speaker 1: eclipsing the previous records set by Bill Clinton twenty six 36 00:01:51,520 --> 00:01:55,640 Speaker 1: years ago. Police have seized electronic devices linked to the 37 00:01:55,640 --> 00:01:58,720 Speaker 1: abduction and murder of Sydney grandfather Chris bugs Arian. The 38 00:01:58,760 --> 00:02:02,360 Speaker 1: eighty five year old's body found yesterday, eleven days after 39 00:02:02,400 --> 00:02:05,560 Speaker 1: he was allegedly abducted from his North Ride home in 40 00:02:05,600 --> 00:02:09,720 Speaker 1: an apparent case of mistaken identity. Officers expect to charge 41 00:02:09,760 --> 00:02:12,519 Speaker 1: two men with kidnapper murder, but have not ruled out 42 00:02:12,560 --> 00:02:16,760 Speaker 1: more arrests. Will Worse has recorded a sixteen percent jump 43 00:02:16,840 --> 00:02:20,680 Speaker 1: in profit raking in eight hundred and fifty nine million 44 00:02:20,720 --> 00:02:23,480 Speaker 1: dollars over the last six months. It comes as a 45 00:02:23,520 --> 00:02:27,480 Speaker 1: supermarket giant prepares to fight allegations from the Consumer watchdog 46 00:02:27,760 --> 00:02:31,960 Speaker 1: that it misled shoppers with illusory discounts. The company's earnings 47 00:02:32,000 --> 00:02:35,000 Speaker 1: expanded even as food prices became a major driver of 48 00:02:35,120 --> 00:02:40,040 Speaker 1: national inflation. And Victoria's adult time for violent crime legislation 49 00:02:40,120 --> 00:02:43,200 Speaker 1: will come into full force on Friday. The laws introduced 50 00:02:43,240 --> 00:02:46,399 Speaker 1: in December are designed to curb arise in youth offending, 51 00:02:46,600 --> 00:02:50,239 Speaker 1: stick around sport and entertainment to next to sport. Of 52 00:02:50,240 --> 00:02:52,720 Speaker 1: the Matildas have entered camp in Perth head of their 53 00:02:52,760 --> 00:02:55,519 Speaker 1: Asia Cup campaign beginning on Sunday. They'll take on the 54 00:02:55,560 --> 00:02:58,880 Speaker 1: Philippines first up before other group games against Iran and 55 00:02:58,960 --> 00:03:02,720 Speaker 1: South Korea. And Craig Tylie has officially announced his departure 56 00:03:02,720 --> 00:03:05,760 Speaker 1: from Tennis Australia after more than two decades. He is 57 00:03:05,800 --> 00:03:09,520 Speaker 1: off to become the Chief execu of the US Tennis Association. 58 00:03:10,040 --> 00:03:13,919 Speaker 1: In Entertainment Needs now, A Tallerswift is marking yet another milestone. 59 00:03:14,240 --> 00:03:18,119 Speaker 1: Enchanted has become the singer's twenty six song to surpass 60 00:03:18,280 --> 00:03:22,640 Speaker 1: a billion streams on Spotify. Now the wait is almost over. 61 00:03:22,680 --> 00:03:25,480 Speaker 1: Fanal Horn fans, the former One Direction of revealing he's 62 00:03:25,680 --> 00:03:29,120 Speaker 1: just finished recording his new album and the Internet is 63 00:03:29,240 --> 00:03:33,480 Speaker 1: losing its mind after Benny Blanco exposed his disgusting habit. 64 00:03:33,840 --> 00:03:37,120 Speaker 1: The husband of Selenigomez spotted with dirty bare feet while 65 00:03:37,120 --> 00:03:40,960 Speaker 1: sitting on a couch in his latest YouTube venture. That's 66 00:03:41,040 --> 00:03:42,800 Speaker 1: latest from an over podcast news him. We'll have another 67 00:03:42,840 --> 00:03:45,280 Speaker 1: episode of the Update for you tomorrow. I'm Michelle Stickinson.