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Speaker 1: It's Thursday, the twenty second of January twenty twenty six.

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

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

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Speaker 1: need to know in just five minutes. Oh Michael Thompson,

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Speaker 1: and good morning Sean Aylmer.

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Speaker 2: Good morning, Michael.

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Speaker 1: Sean Five stories in five minutes. A story number one

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Speaker 1: is a big one. Investors are worried that the US

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Speaker 1: President Donald Trump's insistence on owning Greenland will break the

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Speaker 1: NATO alliance and the post World War two World order,

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Speaker 1: triggering tit for tap tariffs. Equities, bonds, and the US

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Speaker 1: dollar were dumped a rare triple sell off of assets,

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Speaker 1: which investors have called the sell America trade.

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Speaker 2: Wall Street was down two percent yesterday morning, led by

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Speaker 2: the textocs. The local market followed. The US dollar dropped

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Speaker 2: them in. The Aussie rose to sixty seven point three

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Speaker 2: US sense America is highly indebted, and the fear is

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Speaker 2: that a breakdown in the world order will make repayment

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Speaker 2: of that debt harder. Holding US debt, known as bonds

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Speaker 2: didn't look quite as attractive. There was a cellof in

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Speaker 2: bond mark with prices falling This effectively pushes up interest rates.

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Speaker 2: Now the ultimate safe haven and asset gold pushed towards

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Speaker 2: forty seven hundred US dollars an ounce, quite incredible, then

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Speaker 2: towards forty eight hundred US dollars an ounce, and it's

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Speaker 2: on the way to forty nine one hundred US dollars

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Speaker 2: an OUN's a level hardly believable twelve months ago. Greenland,

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Speaker 2: of course, is the focus what it means for NATO. Trump,

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Speaker 2: ahead of his speech in Davos, said there was no

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Speaker 2: going back on his planned of US owning Greenland. Europe

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Speaker 2: has said that they may introduce massive tariffs on the

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Speaker 2: US now, while you know Tarif's run welcome. The real

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Speaker 2: problem here is that the trade policy is being weaponized

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Speaker 2: and people don't like that.

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Speaker 1: No, and some global leaders are pushing back here, Seana Davos.

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Speaker 1: Over the past forty eight hours, you've had Canadian Prime

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Speaker 1: Minister Mark Carney saying the world order was breaking, French

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Speaker 1: President Emmanuel mccronell, so he vowed not to give into bullies.

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Speaker 2: So Karney has always been the person that stood up

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Speaker 2: to Trump more than most, and Canada could lose most,

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Speaker 2: so you know, it's pretty strong from him. He affirmed

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Speaker 2: Candida's support for Greenland, Denmark and the NATO Alliance. He

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Speaker 2: said middle powers must act together because if we are

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Speaker 2: not at the table, we are on the menu. Australia,

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Speaker 2: of course, is in middle power. Mccron said that US's

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Speaker 2: consistent threat was fundamentally unacceptable. The Denmark Prime minister had

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Speaker 2: to go as well. A few of those European leaders

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Speaker 2: now fighting back.

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Speaker 1: Okay under story number two. Now Sean and the federal

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Speaker 1: coalition is in tatters after National's leader David little Proud

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Speaker 1: and all the party's front benches joined three rebel MPs

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Speaker 1: in quitting their positions after they broke shadow cabinet solidarity.

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Speaker 2: It was a day of high drama. Susan McDonald, Bridget

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Speaker 2: mackenzie and Ross Cadell resigned from the shadow cabinet around lunchtime.

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Speaker 2: Opposition leader Susan Leiths said their positions had become untenable

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Speaker 2: given they're voted against the shadow Cabinet position on Tuesday

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Speaker 2: nights gun and hate speech legislation now, according to media reports,

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Speaker 2: earlier in the day, Little Proud had written to Lee

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Speaker 2: saying they shouldn't be forced aside because the legislative process

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Speaker 2: was so rushed and the shadow cabinet had never signed

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Speaker 2: off on a final bill. The Little Proud warned that

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Speaker 2: if Lee except the three's resignations, the entire National Party

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Speaker 2: shadow ministry would resigned. Well. Last night, that's exactly what

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Speaker 2: they did. Eleven shadow ministers, including David little Proud, resigned

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Speaker 2: from the front bench. It is now more than probable

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Speaker 2: that the coalition will split, handing a gift to the government,

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Speaker 2: handing a gift to one nation. It will likely last

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Speaker 2: longer than the fortnight split in May after Lee was elected.

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Speaker 2: The Coalition is a mess at the moment.

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Speaker 1: Yeah, absolutely. Story Number three. Australian house and unit prices

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Speaker 1: hit record hires to end twenty twenty five, with Perth

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Speaker 1: becoming the sixth capital city to hit the million dollar

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Speaker 1: club and Melbourne finally in recovery mode.

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Speaker 2: That's according to Domain's latest quarterly house price report. Although

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Speaker 2: the pace of growth east in some city's health prices

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Speaker 2: have now risen for twelve consecutive quarters, nationally best in

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Speaker 2: about a decade. Melbourne, Perth and Canberra all now most

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Speaker 2: median house price values of one point one million dollars.

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Speaker 2: Sydney leads away one point eight million dollars. Brisbane's market credible,

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Speaker 2: run house and unit prices have risen for twelve nineteen

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Speaker 2: consecutive quarters respectively. Adelaide momentums come out of the market

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Speaker 2: just a bit story.

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Speaker 1: Number four, former Australian cricket captain Steve Ware and current

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Speaker 1: players Steve Smith and Mitch Marsh are in a long

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Speaker 1: list of investors buying into a new tournament known as

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Speaker 1: the European T twenty Premier League.

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Speaker 2: The group, which includes wealthy investors and sports focused asset managers,

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Speaker 2: will back the aptly named Ampsterdam Flame franchise. According to

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Speaker 2: the AFR, the boss of CDC Data Centers, Greg Borer,

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Speaker 2: he's investing in another franchise, the Belfast based Irish Wolves,

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Speaker 2: alongside Austoning cricket at Glenn Maxwell. The third side in

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Speaker 2: Edinburgh will be known as the Castle Rockers. The names

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Speaker 2: are great, aren't they? Ms and m Flame Irish Wolves

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Speaker 2: Castle Rockers. A bunch of Kiwis are owning that one,

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Speaker 2: including a couple of former Inch nationals. The European T

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Speaker 2: twenty Premier US have been officially san sanctioned by the

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Speaker 2: International Cricket Council, back by an Indian actor and a

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Speaker 2: venture capitalists who are co owners of the league. There

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Speaker 2: will be more money in it for the players. Of course,

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Speaker 2: it's becoming quite the scene. The T twenty in World cricket.

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Speaker 1: Yeah, certainly is all right. Story number five. There's so

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Speaker 1: much going on internationally that we're going to cram a

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Speaker 1: bunch of stories into one here. Sean New Zealand Prime

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Speaker 1: Minister Christopher Luxen has announced the country's next election will

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Speaker 1: be held on the seventh of November this year. That

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Speaker 1: is what nearly an eleven month campaign and you just

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Speaker 1: feel so sorry for the kiwis you do.

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Speaker 2: A Japanese court sentence the man who's shot former Japanese

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Speaker 2: Prime Minister Shinzo Abe to life in prison. Abe was

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Speaker 2: killed in twenty twenty two. He had been one of

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Speaker 2: Japan's most influential politicians.

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Speaker 1: At US Vice President jd Vance's wife Usha is expecting

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Speaker 1: their fourth child in office. Sorry in July. It'll be

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Speaker 1: the first time this second lady has had a baby

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Speaker 1: while in office. Only two presidents, interestingly k and Grover Cleveland,

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Speaker 1: have had children while they're in office.

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Speaker 2: And finally, a train driver has been killed and at

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Speaker 2: least thirty seven people injured five seriously after a commuter

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Speaker 2: train derailed and crashed near Barcelona, just days on from

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Speaker 2: a deadly two train collision in southern Spain over the weekend.

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

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Speaker 1: in five minutes. Thank you Sean, Thank you Michael. It's Thursday,

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Speaker 1: the twenty second of January twenty twenty six. 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're gonna find our longer daily show called Fear and

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Speaker 1: Greed where if you listen to podcasts, I'm Michael Thompson

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Speaker 1: and that it was a fast bard business news by

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