1 00:00:03,920 --> 00:00:06,840 Speaker 1: It's Monday, the second of March twenty twenty six. Welcome 2 00:00:06,880 --> 00:00:09,200 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,200 --> 00:00:10,920 Speaker 1: where we give you the top five business stories you 4 00:00:11,000 --> 00:00:13,240 Speaker 1: need to know in just five minutes. O'm Michael Thompson 5 00:00:13,240 --> 00:00:16,560 Speaker 1: and good morning Sean Ailmer. Good morning Michael, Sean five 6 00:00:16,600 --> 00:00:18,720 Speaker 1: stories in five minutes. Before we do that, are reminded 7 00:00:18,720 --> 00:00:22,520 Speaker 1: a hit follow on the podcast. The playlist that you 8 00:00:22,560 --> 00:00:24,880 Speaker 1: might be listening to through Spotify, the Your Daily Drive 9 00:00:24,920 --> 00:00:27,720 Speaker 1: playlist is disappearing very soon. Hit follow on the podcast 10 00:00:27,800 --> 00:00:29,160 Speaker 1: so you can continue. 11 00:00:28,680 --> 00:00:31,480 Speaker 2: To listen to us. Please please please hit follow. 12 00:00:31,600 --> 00:00:34,920 Speaker 1: Indeed indeed, all right, Moving on story number one, Sean, 13 00:00:35,240 --> 00:00:38,479 Speaker 1: hundreds of Australian travelers are stranded and equity markets are 14 00:00:38,479 --> 00:00:41,280 Speaker 1: set for a rocky start to the week following the 15 00:00:41,280 --> 00:00:46,000 Speaker 1: assassination of Iranian Supreme Leader Ali Kamene by US and 16 00:00:46,080 --> 00:00:52,239 Speaker 1: Israeli forces over the weekend. The attack on Iran and 17 00:00:52,360 --> 00:00:55,440 Speaker 1: the death of Hamine, as well as the Armed Forces 18 00:00:55,920 --> 00:00:58,480 Speaker 1: Chief of Staff and the Defense Minister, came at the 19 00:00:58,600 --> 00:01:02,120 Speaker 1: order of US Presidentnald Trump, who said that he was 20 00:01:02,120 --> 00:01:05,440 Speaker 1: taking the action because of imminent threats posed by the 21 00:01:05,520 --> 00:01:10,400 Speaker 1: regime Iran. Responded by attacking Israel, Doha and Dubai, which 22 00:01:10,400 --> 00:01:14,360 Speaker 1: are countries and areas considered relatively safe, certainly for that 23 00:01:14,440 --> 00:01:16,760 Speaker 1: part of the world at least, and Iran warned that 24 00:01:16,760 --> 00:01:19,760 Speaker 1: there would be further bombings in the region. US President 25 00:01:19,760 --> 00:01:22,160 Speaker 1: Donald Trump said that if that went ahead, Iran would 26 00:01:22,160 --> 00:01:25,840 Speaker 1: be hit with a force never seen before. He called 27 00:01:25,920 --> 00:01:29,160 Speaker 1: on Iranian people to rise up and for government forces 28 00:01:29,200 --> 00:01:29,800 Speaker 1: to surrender. 29 00:01:30,280 --> 00:01:34,320 Speaker 2: Yeah Glumboo. Reaction was swift and generally supportive of Donald 30 00:01:34,480 --> 00:01:40,040 Speaker 2: Trump and benjaminette Yahu, the President of Israel. While almost 31 00:01:40,480 --> 00:01:44,160 Speaker 2: no countries actually criticizing the strikes, many European countries United 32 00:01:44,280 --> 00:01:48,240 Speaker 2: Nations just calling for a negotiated solution. One exception of 33 00:01:48,280 --> 00:01:51,360 Speaker 2: that Russia, one of Iran's few allies. It condemned the strikes. 34 00:01:51,560 --> 00:01:53,400 Speaker 2: Our own Prime ministrength in the Albernez He said he 35 00:01:53,440 --> 00:01:56,160 Speaker 2: was deeply concerned about the regional escalation, but certainly didn't 36 00:01:56,160 --> 00:01:59,040 Speaker 2: talk against it. In fact, he almost talked for it. 37 00:01:59,200 --> 00:02:02,280 Speaker 2: There have been demons around the world, including Sydney and Melbourne, 38 00:02:02,280 --> 00:02:05,280 Speaker 2: celebrating Hamani's death, though the vacuum of the top of 39 00:02:05,360 --> 00:02:07,320 Speaker 2: government means we're not quite sure what's going to. 40 00:02:07,240 --> 00:02:11,560 Speaker 1: Go on for travelers Sean too or through the region. 41 00:02:11,639 --> 00:02:15,200 Speaker 1: What's it mean the cancel flights? Thousands of cancel flights 42 00:02:15,200 --> 00:02:18,920 Speaker 1: one hundred standard Australian passengers, either in that region or 43 00:02:19,000 --> 00:02:19,639 Speaker 1: on one. 44 00:02:19,520 --> 00:02:22,079 Speaker 2: Side of it. Now, Virgin Australia had several flights that 45 00:02:22,160 --> 00:02:25,000 Speaker 2: talk off and turned around the ed. So if you 46 00:02:25,000 --> 00:02:28,119 Speaker 2: think of Emirates as he had Katar, they all fly 47 00:02:28,240 --> 00:02:32,360 Speaker 2: that region, they are certainly all sorts of cancelations and 48 00:02:32,360 --> 00:02:36,040 Speaker 2: problems with their flights. Take note, traveling schoance generally doesn't 49 00:02:36,080 --> 00:02:38,720 Speaker 2: include acts of war, so just be careful with this. 50 00:02:38,880 --> 00:02:41,760 Speaker 2: Speak to your travel agent or to your carrier. 51 00:02:42,000 --> 00:02:46,400 Speaker 1: Indeed, story number two Sean follows on from that. What 52 00:02:46,440 --> 00:02:49,920 Speaker 1: does it mean for financial markets? Because presumably there'll be 53 00:02:50,200 --> 00:02:52,440 Speaker 1: a flight to safety, which should be good for gold 54 00:02:53,120 --> 00:02:55,600 Speaker 1: and defense and energy stocks should also benefit. 55 00:02:56,080 --> 00:02:57,440 Speaker 2: Yes, so, with the Middle East on the brink of 56 00:02:57,440 --> 00:03:01,079 Speaker 2: all out war, oil gas energy price is generally certain 57 00:03:01,120 --> 00:03:03,920 Speaker 2: to rise. In fact, probably the most immediate impact on 58 00:03:04,120 --> 00:03:06,360 Speaker 2: people like you and I, assuming we haven't got loved 59 00:03:06,400 --> 00:03:09,000 Speaker 2: ones in the region, is higher petrol prices. The ace 60 00:03:09,160 --> 00:03:11,200 Speaker 2: class that traded over the weekend after the bombs will 61 00:03:11,240 --> 00:03:14,160 Speaker 2: launch was bitcoin. Now it fell, but only four percent. 62 00:03:14,560 --> 00:03:17,359 Speaker 2: That's not much. That suggests traders think this could be 63 00:03:17,400 --> 00:03:20,320 Speaker 2: a short conflict. Let's hope. So the Aussie dollar is 64 00:03:20,320 --> 00:03:21,960 Speaker 2: also likely to fall against the greenback. 65 00:03:22,280 --> 00:03:26,480 Speaker 1: Story Number three Shawn. House prices have flat lined in 66 00:03:26,600 --> 00:03:29,680 Speaker 1: Sydney and Melbourne, while Perth just appears to keep on 67 00:03:29,800 --> 00:03:33,640 Speaker 1: surging ahead ahead of likely interest rate hikes more hikes 68 00:03:34,120 --> 00:03:36,640 Speaker 1: expected later in the year. For the month of February, 69 00:03:36,640 --> 00:03:39,680 Speaker 1: house prices in Sydney and Melbourne were flat and both 70 00:03:39,680 --> 00:03:43,320 Speaker 1: have gone backwards over the past three months. It does 71 00:03:43,400 --> 00:03:46,080 Speaker 1: look like great hikes are starting to bite in those cities, 72 00:03:46,080 --> 00:03:50,960 Speaker 1: and in Sydney at least, affordability is certainly becoming an issue. 73 00:03:50,440 --> 00:03:52,640 Speaker 2: Sure is. Compare that to Perth, but prices are up 74 00:03:52,680 --> 00:03:55,000 Speaker 2: nearly seven percent for the quarter, an incredible twenty two 75 00:03:55,040 --> 00:03:57,400 Speaker 2: percent for the last year. That's all about supply demand. 76 00:03:57,880 --> 00:03:59,600 Speaker 2: There is no supply where there is supplying Perth, but 77 00:03:59,640 --> 00:04:02,080 Speaker 2: it's about fifty percent what long term average is that's 78 00:04:02,080 --> 00:04:05,000 Speaker 2: pushing up prices. Brisbane and Adelaide also running pretty hot, 79 00:04:05,080 --> 00:04:07,080 Speaker 2: rising four to five percent over the past three months. 80 00:04:07,120 --> 00:04:10,280 Speaker 2: According to figures from Coatality, median value of a home 81 00:04:10,320 --> 00:04:12,880 Speaker 2: in Sydney now just under one point three million dollars. 82 00:04:12,920 --> 00:04:15,640 Speaker 2: That's a lot of money. Brizsy one point one million 83 00:04:15,680 --> 00:04:18,839 Speaker 2: dollars Perth almost at a million dollars, followed by Adelaide, 84 00:04:18,839 --> 00:04:23,080 Speaker 2: Canberra and Melbourne. Interestingly, over the last quarter, the combined 85 00:04:23,120 --> 00:04:24,760 Speaker 2: regions did better than the capitals. 86 00:04:24,880 --> 00:04:29,000 Speaker 1: That's incredible. Story number four Anthony Albanezi has copped a 87 00:04:29,080 --> 00:04:33,560 Speaker 1: hit to his personal popularity amid deteriorating economic and security conditions, 88 00:04:34,000 --> 00:04:37,480 Speaker 1: as Angus Taylor really stems the Coalition's electoral bleeding and 89 00:04:37,520 --> 00:04:39,599 Speaker 1: One Nation's rise takes a little bit of a breather. 90 00:04:40,320 --> 00:04:44,000 Speaker 1: The latest figures from the newspot conducted for The Australian 91 00:04:44,320 --> 00:04:47,320 Speaker 1: show Taylor in a stronger position than Susan Lee, who 92 00:04:47,400 --> 00:04:51,159 Speaker 1: he of course replaced as opposition leader. Last month, Labour's 93 00:04:51,200 --> 00:04:53,880 Speaker 1: primary vote dropped to thirty two percent. That's down from 94 00:04:54,000 --> 00:04:58,280 Speaker 1: thirty seven percent in early October. One Nation's primary vote 95 00:04:58,320 --> 00:05:01,680 Speaker 1: still sits at twenty seven percent, while the Coalition is 96 00:05:01,720 --> 00:05:02,480 Speaker 1: at twenty percent. 97 00:05:03,080 --> 00:05:06,120 Speaker 2: Prime Minister Anything Albaniz he recorded his worst personal performance 98 00:05:06,160 --> 00:05:09,120 Speaker 2: results since last year's election. Forty five percent respondents said 99 00:05:09,120 --> 00:05:11,440 Speaker 2: he'd make the better PM, compared to thirty seven percent 100 00:05:11,480 --> 00:05:14,240 Speaker 2: for Taylor. He put up Wing one nations of votes. 101 00:05:14,279 --> 00:05:17,719 Speaker 2: Comes after leader Pauline Hanson was heavily criticized for questioning 102 00:05:17,720 --> 00:05:20,880 Speaker 2: if there were any good Muslims in Australia. Looks like 103 00:05:20,960 --> 00:05:23,239 Speaker 2: that party might have peaked, at least in the polls. 104 00:05:23,320 --> 00:05:25,120 Speaker 2: The Polly's are back in Camper this week. 105 00:05:25,400 --> 00:05:27,839 Speaker 1: Last one story number five. One of the great corporate 106 00:05:27,880 --> 00:05:30,240 Speaker 1: battles over the past couple of years Sean has been 107 00:05:30,320 --> 00:05:33,520 Speaker 1: Coles v. Woolli's. All right, they've competed on price and 108 00:05:33,640 --> 00:05:37,719 Speaker 1: supplies customers and with the corporate regulator as well. It's 109 00:05:37,760 --> 00:05:41,400 Speaker 1: fair to say that Coles had been winning the battle, 110 00:05:41,520 --> 00:05:43,479 Speaker 1: but the tide looks to be turning. 111 00:05:44,200 --> 00:05:46,400 Speaker 2: Yeah, So basically the last couple of years, Coles has 112 00:05:46,440 --> 00:05:48,840 Speaker 2: sort of been catching Woolies. Woollis is by far the 113 00:05:48,880 --> 00:05:52,120 Speaker 2: bigger player now. Cole's profit came out last week and 114 00:05:52,120 --> 00:05:55,360 Speaker 2: his share price got hammered. When Woolli's profit came out 115 00:05:55,440 --> 00:05:57,520 Speaker 2: last week, its share price went up nine percent or 116 00:05:57,560 --> 00:06:01,440 Speaker 2: something like that. In the first seven weeks of this quarter, 117 00:06:02,440 --> 00:06:06,080 Speaker 2: Cole's sales was up three point seven percent, Woolli's up 118 00:06:06,160 --> 00:06:09,440 Speaker 2: five point eight percent. Willis is doing more sales online 119 00:06:09,600 --> 00:06:13,599 Speaker 2: it just sounds things like it's turned somewhat and things 120 00:06:13,640 --> 00:06:15,600 Speaker 2: are looking better for woolies fecals. 121 00:06:15,720 --> 00:06:17,680 Speaker 1: Yeah, it does feel that way. All right, there we 122 00:06:17,720 --> 00:06:19,799 Speaker 1: go to the top five business stories in five minutes. 123 00:06:19,839 --> 00:06:22,719 Speaker 1: Thank you, Sean Heks Michael. It's Monday, the second of 124 00:06:22,760 --> 00:06:25,760 Speaker 1: March twenty twenty six. Remember to hit follow on the podcast, 125 00:06:25,800 --> 00:06:28,560 Speaker 1: as we mentioned, very important and if five minutes isn't enough, 126 00:06:28,640 --> 00:06:30,840 Speaker 1: you can find our longer daily show called Fear and 127 00:06:30,960 --> 00:06:33,760 Speaker 1: Greed wherever you listen to podcasts. I'm Michael Thompson and 128 00:06:33,800 --> 00:06:36,080 Speaker 1: that was the fast five business news by Fear and Greed. 129 00:06:36,320 --> 00:06:39,839 Speaker 1: Have a great day.