1 00:00:04,200 --> 00:00:06,720 Speaker 1: Welcome to the weekend edition of The Fast Five Business 2 00:00:06,760 --> 00:00:09,280 Speaker 1: News by Fear and Greed. I'm Michael Thompson and Hello 3 00:00:09,360 --> 00:00:13,080 Speaker 1: Sean Aylmer. Hello Michael Seawan. On weekdays, it's all about 4 00:00:13,080 --> 00:00:15,040 Speaker 1: the Fast five, the top five business stories in five 5 00:00:15,080 --> 00:00:16,759 Speaker 1: minutes on the weekend, though we still keep it a 6 00:00:16,800 --> 00:00:18,599 Speaker 1: five minutes, but we're going to pick out the biggest 7 00:00:18,640 --> 00:00:21,440 Speaker 1: business story of the week, the most remarkable business story, 8 00:00:22,040 --> 00:00:24,200 Speaker 1: a sleeper story, one that's flying under the radar a 9 00:00:24,200 --> 00:00:28,800 Speaker 1: little bit, and then our favorite business ish story, necessarily 10 00:00:28,920 --> 00:00:29,880 Speaker 1: super business ing. 11 00:00:30,320 --> 00:00:32,360 Speaker 2: Let's jump into it. Biggest story of the week, what 12 00:00:32,479 --> 00:00:32,600 Speaker 2: was it? 13 00:00:32,880 --> 00:00:34,640 Speaker 3: Look, there's only one. How about we both take a 14 00:00:34,680 --> 00:00:36,960 Speaker 3: turn at this one. For me, it's all obviously all 15 00:00:36,960 --> 00:00:40,040 Speaker 3: about Donald Trump. The tariff part of Donald Trump is 16 00:00:40,080 --> 00:00:43,639 Speaker 3: what I'm thinking about. He put tariff's on Mexico and Canada, 17 00:00:43,800 --> 00:00:46,640 Speaker 3: then dropped them, gave them a one month reprieve because 18 00:00:46,640 --> 00:00:49,680 Speaker 3: they put more guards on the border, ten percent on China, 19 00:00:49,960 --> 00:00:55,160 Speaker 3: China immediately imposed retaliatory tariffs. Donald Trump is using tariffs 20 00:00:55,200 --> 00:00:58,440 Speaker 3: as a bargaining chip. The problem is that there's lots 21 00:00:58,480 --> 00:01:01,880 Speaker 3: of implications of everything he does on taras. For example, 22 00:01:01,920 --> 00:01:06,600 Speaker 3: markets actually rose one session when Trump didn't speak about 23 00:01:06,640 --> 00:01:09,280 Speaker 3: TARIS for twenty four hours. Companies like McKinsey are thinking 24 00:01:09,319 --> 00:01:12,400 Speaker 3: about moving out of China because of the deterioration in 25 00:01:12,440 --> 00:01:16,319 Speaker 3: relations between Beijing and Washington. The US Postal Service this 26 00:01:16,360 --> 00:01:19,759 Speaker 3: week stopped accepting goods from China for about twelve hours, 27 00:01:19,800 --> 00:01:22,880 Speaker 3: that's about seven hundred and fifty thousand parcels. They reversed 28 00:01:22,880 --> 00:01:25,760 Speaker 3: that India's talking about offering up goods in a way 29 00:01:25,760 --> 00:01:29,120 Speaker 3: of getting ahead of running foul of Donald Trump. We 30 00:01:29,160 --> 00:01:32,160 Speaker 3: actually had Anthony Albernezi this week saying that we shouldn't 31 00:01:32,319 --> 00:01:34,680 Speaker 3: take Donald Trump at his word. I'm not sure how 32 00:01:34,760 --> 00:01:38,840 Speaker 3: we do that. Just quite a remarkable story, Donald Trump, 33 00:01:38,920 --> 00:01:41,720 Speaker 3: and that Tarff thing has huge implications. Yeah. 34 00:01:41,760 --> 00:01:45,080 Speaker 1: Absolutely. And late in the week there was another big 35 00:01:45,080 --> 00:01:47,960 Speaker 1: Donald Trump story that was where he suggested that the 36 00:01:48,040 --> 00:01:50,240 Speaker 1: US could take over the Gaza Strip and turn it 37 00:01:50,280 --> 00:01:52,720 Speaker 1: into the Riviera of the Middle East. It was a 38 00:01:52,760 --> 00:01:55,920 Speaker 1: joint press conference with the Israeli Prime Minister Benjaminette Niahu, 39 00:01:55,920 --> 00:01:58,440 Speaker 1: and even he said it was at the extreme end 40 00:01:58,520 --> 00:02:01,200 Speaker 1: of options. A lot of kind of challenges, a lot 41 00:02:01,200 --> 00:02:03,400 Speaker 1: of issues with this. The Palestinian people would need to 42 00:02:03,400 --> 00:02:07,480 Speaker 1: relocate none of the countries around there around the region 43 00:02:07,480 --> 00:02:09,280 Speaker 1: have actually said that they would like to take that 44 00:02:09,360 --> 00:02:12,799 Speaker 1: many people. The strip would be demolished and rebuilt. The 45 00:02:12,840 --> 00:02:15,640 Speaker 1: President signaled that US troops could be involved and that 46 00:02:15,680 --> 00:02:18,880 Speaker 1: the US may take an ownership stake in it. There 47 00:02:19,000 --> 00:02:22,880 Speaker 1: are legal issues. The US has no claim over the land. 48 00:02:23,639 --> 00:02:27,760 Speaker 1: And really it's so at odds with what has been 49 00:02:27,760 --> 00:02:30,040 Speaker 1: done in the past in terms of the two state 50 00:02:30,280 --> 00:02:32,200 Speaker 1: kind of solution for the Middle East, that the Middle 51 00:02:32,240 --> 00:02:35,120 Speaker 1: East kind of peace process has been entirely based upon that. 52 00:02:35,200 --> 00:02:39,800 Speaker 1: It is problematic. It may, though, just be a negotiating 53 00:02:39,840 --> 00:02:41,960 Speaker 1: tactic at starting point. So we shall watch this space. 54 00:02:42,000 --> 00:02:44,120 Speaker 1: But a big, big story this week, Sean, Yes. 55 00:02:43,960 --> 00:02:46,040 Speaker 3: I think it was, Michael, your most remarkable story. 56 00:02:46,639 --> 00:02:52,040 Speaker 1: Most remarkable story this week, The federal government jumped in 57 00:02:52,360 --> 00:02:56,320 Speaker 1: very very quickly and banned Chinese AI chatbot deep Seek 58 00:02:56,520 --> 00:03:00,000 Speaker 1: from federal government devices. Security agencies warned of an unaccepted 59 00:03:00,320 --> 00:03:04,160 Speaker 1: risk to Australian government technology like the deep sea car 60 00:03:04,120 --> 00:03:06,000 Speaker 1: only launched kind of two weeks ago or something, and 61 00:03:06,080 --> 00:03:08,680 Speaker 1: it's already been banned. The thing I find fascinating about 62 00:03:08,680 --> 00:03:11,640 Speaker 1: this is that Home Affairs Minister Tony Burk said the 63 00:03:11,720 --> 00:03:14,720 Speaker 1: government was country agnostic on this kind of decision, but 64 00:03:14,800 --> 00:03:17,720 Speaker 1: there is a history of decisions being made against companies 65 00:03:17,800 --> 00:03:20,840 Speaker 1: with Chinese affiliations on security grounds. Deep Seak obviously being 66 00:03:20,880 --> 00:03:24,240 Speaker 1: one TikTok's been banned on government devices. Huawei was blocked 67 00:03:24,240 --> 00:03:26,600 Speaker 1: from being part of the NBN rollout. A lot of 68 00:03:26,639 --> 00:03:29,799 Speaker 1: proposed acquisitions by Chinese connected companies either blocked by the 69 00:03:29,840 --> 00:03:32,600 Speaker 1: Foreign Investment Review Board or by the Treasurer all over 70 00:03:32,800 --> 00:03:36,360 Speaker 1: national security issues. It just shows the diplomatic tensions that 71 00:03:36,440 --> 00:03:39,320 Speaker 1: must be behind the scenes at all times, particularly between 72 00:03:39,360 --> 00:03:41,760 Speaker 1: Australia and China, who is our biggest training partner. 73 00:03:42,120 --> 00:03:44,560 Speaker 3: So to a quick shout out for my most remarkable story, 74 00:03:45,240 --> 00:03:48,320 Speaker 3: evs were just four point four percent of total sales 75 00:03:48,320 --> 00:03:52,280 Speaker 3: of cars last month. Hybrids was seventeen percent. The sale 76 00:03:52,320 --> 00:03:56,680 Speaker 3: of evs, especially Tesla, falling rapidly. Not sure why. Pretty 77 00:03:56,680 --> 00:03:57,360 Speaker 3: remarkable though. 78 00:03:57,800 --> 00:03:59,880 Speaker 2: What did you find for a sleeper story, Sean? 79 00:04:00,160 --> 00:04:02,200 Speaker 3: I love this story. Rio Tinto is looking at green 80 00:04:02,440 --> 00:04:07,600 Speaker 3: energy for its massive aluminium smelter in Queensland. They're increasingly 81 00:04:07,640 --> 00:04:11,040 Speaker 3: confident that batteries can provide a solution to the intermittency 82 00:04:11,320 --> 00:04:16,720 Speaker 3: issue of renewables. Aluminium smelters use masses amount of energy 83 00:04:17,200 --> 00:04:20,760 Speaker 3: they run twenty four to seven. RIO and companies like 84 00:04:20,800 --> 00:04:23,839 Speaker 3: it need constant energy supplies. The problem with wind and 85 00:04:23,839 --> 00:04:26,360 Speaker 3: solars when it's not blowing, it's not shining, well, you 86 00:04:26,360 --> 00:04:29,400 Speaker 3: don't get that constancy. What RIO has said for the 87 00:04:29,440 --> 00:04:32,600 Speaker 3: first time this week is batteries may be able to 88 00:04:32,600 --> 00:04:35,839 Speaker 3: store enough energy and a cost efficient to provide what 89 00:04:35,880 --> 00:04:38,760 Speaker 3: they call firming power power when it's not blowing and 90 00:04:38,800 --> 00:04:41,840 Speaker 3: it's not shining. That's about the first time we've talked 91 00:04:41,880 --> 00:04:46,880 Speaker 3: about a really intense energy intensive process being run by 92 00:04:46,960 --> 00:04:50,080 Speaker 3: wind and solar. Really interesting to see how it develops. 93 00:04:50,360 --> 00:04:50,520 Speaker 2: Yeah. 94 00:04:50,560 --> 00:04:55,280 Speaker 1: Absolutely, another sleeper story, and this is sleeperish. 95 00:04:55,480 --> 00:04:58,840 Speaker 2: Parliament started again this week Suan in Canberra. It was 96 00:04:58,880 --> 00:04:59,360 Speaker 2: a big week. 97 00:04:59,400 --> 00:05:01,240 Speaker 1: They had the government announcing an extra one point seven 98 00:05:01,279 --> 00:05:04,040 Speaker 1: billion dollars in funding the public hospitals next year. There 99 00:05:04,120 --> 00:05:08,120 Speaker 1: was a legislation over a subsidized childcare. Cost of living 100 00:05:08,240 --> 00:05:13,280 Speaker 1: was being debated, the coalition's new business lunch tax deduction policy, 101 00:05:13,520 --> 00:05:16,279 Speaker 1: new hate speech laws pass the Senate. A lot of 102 00:05:16,360 --> 00:05:19,560 Speaker 1: debate and discussion about anti Semitism and the necessary action 103 00:05:19,760 --> 00:05:23,360 Speaker 1: to try and squash that. The thing is though and 104 00:05:23,400 --> 00:05:24,800 Speaker 1: The reason why it's a little bit of a sleeper 105 00:05:24,839 --> 00:05:28,480 Speaker 1: is that no one's really listening at the moment because really, 106 00:05:28,520 --> 00:05:30,920 Speaker 1: on a global stage, you've got Donald Trump just just 107 00:05:31,000 --> 00:05:34,000 Speaker 1: drawing the oxygen out of everything because all the headlines 108 00:05:34,040 --> 00:05:36,719 Speaker 1: are about the international story and Donald Trump rather than 109 00:05:36,760 --> 00:05:38,000 Speaker 1: about what's happening here at home. 110 00:05:38,040 --> 00:05:39,799 Speaker 2: So it's kind of a sleeper story. Sean. 111 00:05:40,000 --> 00:05:42,440 Speaker 3: Yeah, I can't tell you my favorite story. Just very quickly, 112 00:05:42,960 --> 00:05:45,599 Speaker 3: there was new research out this week that shows going 113 00:05:45,640 --> 00:05:50,520 Speaker 3: for an evening stroll can risk the chance of bowel cancer. Okay, 114 00:05:50,839 --> 00:05:53,159 Speaker 3: that's good. What about all the other stuff that going 115 00:05:53,200 --> 00:05:57,239 Speaker 3: for stroll at night can help digestion, blood sugar, blood pressure, 116 00:05:57,600 --> 00:06:01,560 Speaker 3: weight loss. We've got universe Steve Sidney research that said 117 00:06:01,600 --> 00:06:05,640 Speaker 3: taking thirty eight hundred steps per day reduces the risk 118 00:06:05,720 --> 00:06:09,320 Speaker 3: of developing dementia compared to those who don't walk. There 119 00:06:09,320 --> 00:06:11,919 Speaker 3: are also studies that have found physical activities relaxing, so 120 00:06:12,000 --> 00:06:16,520 Speaker 3: it reduces stress related inflammation. Point about this, Michael gave 121 00:06:16,600 --> 00:06:20,120 Speaker 3: for a stroll after dinner Australia. Drop your devices, get 122 00:06:20,160 --> 00:06:22,560 Speaker 3: out there. You're going to be healthier as a result. 123 00:06:23,160 --> 00:06:25,640 Speaker 2: He's now like Sam Kekovich and a lamb ad short, 124 00:06:27,920 --> 00:06:28,480 Speaker 2: well played. 125 00:06:28,600 --> 00:06:30,720 Speaker 1: All right, there we go five minutes and pretty much 126 00:06:30,760 --> 00:06:32,119 Speaker 1: everything you need to know in the world of business. 127 00:06:32,120 --> 00:06:32,960 Speaker 2: Thank you very much, Sean. 128 00:06:33,120 --> 00:06:33,719 Speaker 3: Thanks Michael. 129 00:06:33,880 --> 00:06:35,640 Speaker 1: We'll be back on Monday morning with the top five 130 00:06:35,680 --> 00:06:37,839 Speaker 1: business stories in five minutes. Don't forget to hit follow 131 00:06:38,160 --> 00:06:41,320 Speaker 1: and join us online on Instagram, TikTok, LinkedIn, Facebook and X. 132 00:06:41,400 --> 00:06:43,440 Speaker 1: I'm Michael Thompson and this is the fast five business 133 00:06:43,440 --> 00:06:43,800 Speaker 1: news by 134 00:06:43,880 --> 00:06:44,440 Speaker 2: Fear and Greed.