1 00:00:03,840 --> 00:00:07,080 Speaker 1: It's Friday, the sixteenth of January twenty twenty six. Welcome 2 00:00:07,120 --> 00:00:09,559 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,560 --> 00:00:11,320 Speaker 1: where we give you the top five business stories you 4 00:00:11,360 --> 00:00:13,600 Speaker 1: need to know in just five minutes. I'm Michael Thompson 5 00:00:13,640 --> 00:00:15,040 Speaker 1: and good morning Sean Aylmer. 6 00:00:15,280 --> 00:00:17,080 Speaker 2: Good morning Michael, Sean. 7 00:00:17,280 --> 00:00:20,360 Speaker 1: Five big stories in five minutes. Let's get cracking story 8 00:00:20,480 --> 00:00:23,680 Speaker 1: Number one. Opposition leader Susan Lee says her party will 9 00:00:23,720 --> 00:00:28,200 Speaker 1: not vote for the government's omnibus hate speech legislation next week, 10 00:00:28,600 --> 00:00:32,760 Speaker 1: saying it is rushed and almost unsalvageable. Meanwhile, the Greens, 11 00:00:32,800 --> 00:00:35,320 Speaker 1: which hold the balance of power in the Senate, well 12 00:00:35,360 --> 00:00:37,200 Speaker 1: they've also bought at the legislation. 13 00:00:37,720 --> 00:00:40,600 Speaker 2: Lee said the anti Semitism, Hate and Extremism Bill was 14 00:00:40,640 --> 00:00:44,000 Speaker 2: half bait and did not address Islamic extremism and the 15 00:00:44,000 --> 00:00:47,960 Speaker 2: associated terrorist threat. She says the bill clumsley tries to 16 00:00:47,960 --> 00:00:52,000 Speaker 2: address hate speech and control firearms, but as notwithstood basic scrutiny, 17 00:00:52,280 --> 00:00:56,240 Speaker 2: adding that the legislation protected hate preachers through a carved 18 00:00:56,280 --> 00:01:00,280 Speaker 2: out on quoting from religious texts and risk criminalizing beach 19 00:01:00,320 --> 00:01:03,120 Speaker 2: that was not linked to any Semitism and radical Islam. 20 00:01:03,200 --> 00:01:05,600 Speaker 2: She's also critical of gun buyback scheme, which is part 21 00:01:05,680 --> 00:01:08,000 Speaker 2: of the bill. She reckons she'll push her own version 22 00:01:08,000 --> 00:01:10,600 Speaker 2: of it. Early yesterday, Prime Minister Anthony Abernez he said 23 00:01:10,600 --> 00:01:13,639 Speaker 2: he was stunned the Coalition was threatening to vote against 24 00:01:13,640 --> 00:01:16,680 Speaker 2: the legislation yesterday after, and the Greens joined with the coalition, 25 00:01:16,720 --> 00:01:21,320 Speaker 2: saying the legislation undermined political, civil and human rights. 26 00:01:21,319 --> 00:01:24,640 Speaker 1: Michael, do they have a point? Do the opposition parties 27 00:01:24,680 --> 00:01:26,840 Speaker 1: have a point on this? The legislation does seem to 28 00:01:26,880 --> 00:01:28,959 Speaker 1: have been at least written very quickly. Does that make 29 00:01:29,000 --> 00:01:32,400 Speaker 1: it rush? There's plenty of disagreement within religious groups about 30 00:01:32,400 --> 00:01:34,640 Speaker 1: whether it's appropriate. How do you make sense of this? 31 00:01:34,920 --> 00:01:36,360 Speaker 2: Look? On the one hand, you've got people like the 32 00:01:36,360 --> 00:01:40,440 Speaker 2: Executive Council of Australian Jury CO Chief Executive Peter Wortheim 33 00:01:40,920 --> 00:01:44,360 Speaker 2: urging the Coalition not to allow the perfect to become 34 00:01:44,560 --> 00:01:47,520 Speaker 2: the enemy of the good. The idea the government will 35 00:01:47,560 --> 00:01:50,240 Speaker 2: never get legislation that satisfies everyone, but this bill attempts 36 00:01:50,280 --> 00:01:54,240 Speaker 2: to confront bigotry. Other hand, Civil Society Group's legal experts 37 00:01:54,280 --> 00:01:57,480 Speaker 2: some opposition MP's have argued of potential overreach in the 38 00:01:57,560 --> 00:02:00,840 Speaker 2: legislation and the lack of scrutiny on it. But faith 39 00:02:00,880 --> 00:02:04,160 Speaker 2: groups have argued four and they've argued against the exemption 40 00:02:04,240 --> 00:02:07,280 Speaker 2: for quoting or referencing religious texts for the purpose of 41 00:02:07,640 --> 00:02:11,799 Speaker 2: religious teaching. A very very vexed question, Michael. 42 00:02:11,760 --> 00:02:15,960 Speaker 1: Yeah, indeed, Story number two sean well away from politics. 43 00:02:16,000 --> 00:02:20,040 Speaker 1: A shortage of air traffic controllers yesterday caused chaos at 44 00:02:20,040 --> 00:02:22,720 Speaker 1: Sydney Airport and right around the country. Then at least 45 00:02:22,760 --> 00:02:26,640 Speaker 1: thirty Quantas and Jet Star flights ten Virgin Australia flights 46 00:02:26,680 --> 00:02:27,360 Speaker 1: all affected. 47 00:02:28,200 --> 00:02:30,960 Speaker 2: It was a worse day for disruption since the pandemic, 48 00:02:30,960 --> 00:02:34,400 Speaker 2: with cancelations, delays and passengers. In at least one case, 49 00:02:34,919 --> 00:02:36,880 Speaker 2: passengers were forced to sit on a plane on the 50 00:02:36,880 --> 00:02:38,440 Speaker 2: time I could sit in the airport for two hours. 51 00:02:38,680 --> 00:02:41,919 Speaker 2: As Australia, which runs air traffic control, blamed the problems 52 00:02:42,000 --> 00:02:44,520 Speaker 2: on a smaller team of controllers. That's because there were 53 00:02:44,520 --> 00:02:46,800 Speaker 2: a significant number of people on sick leave or on 54 00:02:46,960 --> 00:02:49,480 Speaker 2: caerras leave. It seems that it's a bit hard to 55 00:02:49,520 --> 00:02:51,839 Speaker 2: work out the exact truth that basically they can't find 56 00:02:51,919 --> 00:02:55,239 Speaker 2: enough people to staff air traffic towers. Air Services Australia 57 00:02:55,280 --> 00:02:57,720 Speaker 2: said it had recruited ninety one air traffic controllers in 58 00:02:57,720 --> 00:03:02,080 Speaker 2: the past year and delays too. Shortages were now shorter 59 00:03:02,680 --> 00:03:05,400 Speaker 2: than they had been. But you know, Dalaytte City has 60 00:03:05,400 --> 00:03:07,919 Speaker 2: the pinball effect around the country, so they've still got 61 00:03:07,919 --> 00:03:09,400 Speaker 2: some ways to go before fixing it. 62 00:03:10,160 --> 00:03:13,200 Speaker 1: That story number three. Household consumption is picking up, with 63 00:03:13,320 --> 00:03:16,760 Speaker 1: a surge in food and beverage purchases, pushing spending up 64 00:03:16,960 --> 00:03:18,519 Speaker 1: zero point seven percent last month. 65 00:03:18,960 --> 00:03:21,919 Speaker 2: That's according to the CommBank Household Spending Inside series, which 66 00:03:22,000 --> 00:03:25,320 Speaker 2: looks at credit and debit card transactions. The index has 67 00:03:25,320 --> 00:03:28,400 Speaker 2: recorded fifteen consecutive months of gains about six point three 68 00:03:28,440 --> 00:03:30,640 Speaker 2: percent growth, probably a bit ahead of what you'd expect 69 00:03:30,680 --> 00:03:33,520 Speaker 2: it to be. West Australia's leading away, followed by Queensland, 70 00:03:33,560 --> 00:03:36,120 Speaker 2: the lag yards at New South Wales and Victoria. Meanwhile, 71 00:03:36,360 --> 00:03:40,280 Speaker 2: National Australia Bank Survey says that business conditions were flat 72 00:03:40,320 --> 00:03:43,040 Speaker 2: and last three months of twenty twenty five, while confidence 73 00:03:43,080 --> 00:03:43,960 Speaker 2: fell back slightly. 74 00:03:44,440 --> 00:03:48,080 Speaker 1: Okay, Story number four. How about this? Sean an astronaut 75 00:03:48,200 --> 00:03:51,360 Speaker 1: in need of doctor's care has left the International Space 76 00:03:51,400 --> 00:03:56,520 Speaker 1: Station with three crewmates in NASA's first ever medical evacuation 77 00:03:57,080 --> 00:03:59,040 Speaker 1: in sixty five years of spaceflight. 78 00:03:59,200 --> 00:04:02,720 Speaker 2: It's pretty good record. The returning astronauts from the US, 79 00:04:02,800 --> 00:04:06,120 Speaker 2: Russia in Japan splashed down overnight in the Pacific Ocean 80 00:04:06,200 --> 00:04:09,840 Speaker 2: near San Diego, riding in a space X Crew Dragon capsule. 81 00:04:10,160 --> 00:04:12,600 Speaker 2: The decision cuts short their mission by more than a month. 82 00:04:12,640 --> 00:04:15,600 Speaker 2: Officials wouldn't say what the health concerns were, nor which 83 00:04:15,640 --> 00:04:19,320 Speaker 2: astronaut needed care. It took eleven hours from undocking from 84 00:04:19,320 --> 00:04:22,640 Speaker 2: the place from the space station to touchdown nine of 85 00:04:22,640 --> 00:04:26,159 Speaker 2: those who were in orbit as the spacecraft's trajectory lined 86 00:04:26,200 --> 00:04:29,240 Speaker 2: up with its landing spot. According to Associated Press, one 87 00:04:29,360 --> 00:04:32,719 Speaker 2: US and two Russian astronauts remain aboard the orbiting lab 88 00:04:32,760 --> 00:04:34,880 Speaker 2: one and a half months into an eight month mission. 89 00:04:35,279 --> 00:04:38,920 Speaker 1: Last one story number five Hollywood star Zoe Saldana, who 90 00:04:38,960 --> 00:04:43,640 Speaker 1: is an Academy Award winner as well sean officially has 91 00:04:43,720 --> 00:04:47,960 Speaker 1: become the highest grossing actor of all time thanks to 92 00:04:48,040 --> 00:04:51,440 Speaker 1: the success of the Avatar series and the latest installment, 93 00:04:51,480 --> 00:04:52,880 Speaker 1: Avatar Fire and Ash. 94 00:04:53,200 --> 00:04:57,120 Speaker 2: Saldana's cumulative global box office hall is now fifteen point 95 00:04:57,200 --> 00:05:00,560 Speaker 2: five billion US dollars, pushing her in front of Scarlet 96 00:05:00,640 --> 00:05:04,359 Speaker 2: Johanson and Samuel el Jackson. According to Celebrity net Worth, 97 00:05:04,600 --> 00:05:06,960 Speaker 2: Saldana is the only actor to have appeared in four 98 00:05:07,000 --> 00:05:09,320 Speaker 2: films that grossed more than two billion dollars worldwide, two 99 00:05:09,320 --> 00:05:12,159 Speaker 2: of the Avatar movies, two of the Avengers movies. Also 100 00:05:12,200 --> 00:05:15,479 Speaker 2: played in the Guardians of the Galaxy trilogy star Trek 101 00:05:15,560 --> 00:05:19,520 Speaker 2: Reboots Pirates of the Caribbean. Though she's never she's never 102 00:05:19,520 --> 00:05:22,080 Speaker 2: really been the actual central starring in any of those films. 103 00:05:22,520 --> 00:05:25,440 Speaker 2: The best place Ossie actor, the God of Thunder himself 104 00:05:25,520 --> 00:05:30,000 Speaker 2: Krins Hamsworth. He's another Marvel actor, sits at number seven. 105 00:05:30,520 --> 00:05:33,000 Speaker 2: His films have grossed more than twelve billion US dollars. 106 00:05:33,080 --> 00:05:35,239 Speaker 1: All right, there we go, the top five business stories 107 00:05:35,240 --> 00:05:38,240 Speaker 1: in five minutes. Thank you Sean, Thank you Michael. It's Friday, 108 00:05:38,480 --> 00:05:41,400 Speaker 1: the sixteenth of January twenty twenty six. Remember to hit 109 00:05:41,480 --> 00:05:44,440 Speaker 1: follow on the podcast and if five minutes isn't enough, 110 00:05:44,440 --> 00:05:46,719 Speaker 1: you're gonna find our longer daily show called Fear and 111 00:05:46,880 --> 00:05:49,760 Speaker 1: Greed wherever you listen to podcasts. I'm Michael Thompson. And 112 00:05:49,800 --> 00:05:52,080 Speaker 1: that was the fast five business news by Fear and Greed. 113 00:05:52,400 --> 00:05:53,080 Speaker 1: Have a great day.