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Speaker 1: It's Friday, the twenty fifth of April twenty twenty five,

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Speaker 1: an Zac Day. Welcome to the Fast five Business News

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Speaker 1: by Fear and Greed, where we give you the top

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Speaker 1: five business stories you need to know when it's five

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Speaker 1: minutes are Michael Thompson and Good Morning.

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Speaker 2: Sean Ale, Good morning Michael Shawn.

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Speaker 1: Five stories five minutes. Let's go a story number one.

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Speaker 1: The early polling signs for the federal opposition. I'm not

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Speaker 1: looking too good.

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Speaker 2: No. Early exit polls suggest a swing towards the government

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Speaker 2: of four percent. The most likely result until now has

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Speaker 2: been a minority government, but one million Australians have now voted.

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Speaker 2: That's in the first two days. There's a real chance

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Speaker 2: of a majority government. News Corps surveyed four thousand people

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Speaker 2: in nineteen battleground electorates in all jurisdictions except Western Australia

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Speaker 2: in the Australian Capital Territory. They did that on Tuesday

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Speaker 2: and Wednesday, basically two hundred people in those nineteen battleground electorates.

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Speaker 2: They found a four point six percent swing towards labor

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Speaker 2: compared to the twenty two election. Not a good sign

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Speaker 2: for Peter Dunn and David little proud in the coalition.

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Speaker 1: No, it certainly isn't okay. Under story number two. Now,

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Speaker 1: still in politics, Labor has promised to establish a critical

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Speaker 1: minerals reserve as leverage with the Trump administration over tariffs.

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Speaker 2: Australia will spend one point two billion dollars establishing a

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Speaker 2: national stockpile of coveted minerals needed in products like electric batteries, computers,

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Speaker 2: military equipment. Very strategic decision. It is basically the world

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Speaker 2: doesn't want to rely on China when it comes to

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Speaker 2: these critical minerals. The US is obviously leading the way

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Speaker 2: on that Australia has an advantage of having a lot

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Speaker 2: of these critical minerals. And what Anthony Alberezi is saying,

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Speaker 2: Peter Dunn, he's not agreeing, but he's not actually opposing

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Speaker 2: it either. So what the politicians are saying is we

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Speaker 2: should use this strategically. The PM announced the strategic Reserve

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Speaker 2: to purchase and whole minerals like lithium, rare earth, nickel,

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Speaker 2: cobalt and graphite do that via special agreements with local producers.

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Speaker 2: Now there are fears that it may hurt the pricing

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Speaker 2: of some of those products, but it as does seem

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Speaker 2: that the ALP are supporting it and the Coalition isn't

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Speaker 2: not supporting it.

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Speaker 1: Michael, all right, Sean, Now I'll just sty a number three.

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Speaker 1: BHP will soon start a search for a new chief executive,

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Speaker 1: with kee lieutenants already jostling for position to succeed Boss

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Speaker 1: Mike Henry at the top of the world's biggest minor.

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Speaker 2: The understanding at bhps that Henry is now headed towards

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Speaker 2: the end of his tenure, according to company insiders reported

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Speaker 2: on Bloomberg. They emphasize that no decision has been made

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Speaker 2: Bloomberg's reporting a change could come as early as next year.

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Speaker 2: The internal front runners for the role it seemed to

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Speaker 2: be Geraldine Slattery, who heads the company's Australian minds, chief

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Speaker 2: financial officer of Vandida pants been on the show, and

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Speaker 2: ragna Ud, who runs the commercial team. The chief executive

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Speaker 2: search will also include external candidates. I would say be

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Speaker 2: HP and c BA Commonwealth Bank. There CS, those are

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Speaker 2: the two top blue chip jobs in the country.

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Speaker 1: Yeah, I think you're right there. Story Number four Nesle,

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Speaker 1: the world's biggest food company, is booming on the back

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Speaker 1: of higher chocolate and coffee prices, with the Swiss Group

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Speaker 1: saying sales in the March quarter were higher than expected.

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Speaker 2: Now we're talking about billions of dollars year, so when

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Speaker 2: they say organic sales are up two point eight percent,

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Speaker 2: more than the two and a half percent that people expected,

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Speaker 2: that's actually significant. Double digit price increases for its coffee

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Speaker 2: and chocolate occurred in many markets, so confectionary sales are

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Speaker 2: up nine percent, coffee up five percent. Nesle had a

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Speaker 2: great run this year on the back of those higher prices.

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Speaker 2: Its share price is up seventeen percent, proving to be

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Speaker 2: one of Europe's better performing stocks.

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Speaker 1: Finally, sean story number five. It is, of course Anzac

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Speaker 1: Day today, which has a very special meaning for many Australians.

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Speaker 1: It is one hundred and nine years old, though it

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Speaker 1: actually commemorates the Australian and New Zealand Soldiers expedition that

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Speaker 1: set out to capture the Gallipoli Peninsula one hundred and

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Speaker 1: ten years ago in nineteen to fifteen.

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Speaker 2: It's part of Australian law. ANZAC, of course, stands for

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Speaker 2: Australian and New Zealand Army Corps. Typically it's arts with

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Speaker 2: a commemorative service at dawn. Now dawn is significant because

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Speaker 2: that's the attack time at Glipley. It includes famous Anzac biscuits,

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Speaker 2: of course, which apparently used to be square, not round.

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Speaker 2: My grandmother only ever made in round ones ends up

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Speaker 2: with the traditional two up, often at the pub or

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Speaker 2: the local club. The last surviving Ansac was Alexander William Campbell,

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Speaker 2: who passed away on sixteen May two thousand and two.

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Speaker 2: Unlike the other countries engaged in World War One, conscription

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Speaker 2: wasn't introduced into Australia, so all the Australians who fought

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Speaker 2: in World War One, including Glipley, were volunteers. And I

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Speaker 2: think that kind of goes to the heart of the

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Speaker 2: meaning of Anzac for many of us, the fact that

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Speaker 2: these people volunteered to go and fight for their country.

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Speaker 1: All right, there we go, the top five stories in

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Speaker 1: five minutes. Thank you Sean, Thank you Michael. It is Friday,

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Speaker 1: the twenty fifth of April twenty twenty five. Remember to

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Speaker 1: hit follow on the podcast and if five minutes isn't enough,

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Speaker 1: you can find our longer daily show called Fear and

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Speaker 1: Greed wherever you listen to. Podcasts are Michael Thompson. And

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Speaker 1: that was the Fast five Business news by Fear and Greed.

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Speaker 1: Had a great day.