1 00:00:03,400 --> 00:00:06,600 Speaker 1: It's Tuesday, the eleventh of June twenty twenty four. Welcome 2 00:00:06,600 --> 00:00:08,960 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:08,960 --> 00:00:10,840 Speaker 1: where we give you the top five business stories you 4 00:00:10,920 --> 00:00:13,360 Speaker 1: need to know in just five minutes. I'm Michael Thompson 5 00:00:13,400 --> 00:00:14,800 Speaker 1: and good morning Sean Aylmer. 6 00:00:15,040 --> 00:00:16,520 Speaker 2: Good morning, Michael, Sean. 7 00:00:16,600 --> 00:00:19,279 Speaker 1: Five stories in five minutes. Let's get going. Story number one. 8 00:00:19,480 --> 00:00:22,840 Speaker 1: Some of Australia's bluest of blue chip companies have been 9 00:00:22,840 --> 00:00:25,840 Speaker 1: among the worst performers on the ASX over the past year, 10 00:00:25,880 --> 00:00:29,159 Speaker 1: with household names things like Telstra and Woolworth's among the 11 00:00:29,320 --> 00:00:31,560 Speaker 1: poorest yielding stocks on the BOSS. 12 00:00:31,960 --> 00:00:34,239 Speaker 2: That's right, Michael, there are a bunch of companies who 13 00:00:34,280 --> 00:00:36,800 Speaker 2: are dragging down the s and PASEX two hundred. Telstra, 14 00:00:36,880 --> 00:00:39,720 Speaker 2: with its one point three million shareholders lead that leads 15 00:00:39,720 --> 00:00:42,120 Speaker 2: that list, with the share price off eighteen percent over 16 00:00:42,120 --> 00:00:45,200 Speaker 2: the past year. Compare that to the broader ASEX two hundred, 17 00:00:45,200 --> 00:00:47,960 Speaker 2: which is up ten percent over the same time period, 18 00:00:48,200 --> 00:00:51,199 Speaker 2: and you see how poorly the telco has done. Broadly, 19 00:00:51,280 --> 00:00:54,200 Speaker 2: Telster's struggling to compete in some areas of its business 20 00:00:54,640 --> 00:00:56,880 Speaker 2: and it isn't seen as a tic leader in things 21 00:00:56,920 --> 00:00:59,800 Speaker 2: like artificial intelligence. Woolies is off fourteen percent of the 22 00:00:59,840 --> 00:01:02,040 Speaker 2: year as it rides the vagaries of both the interest 23 00:01:02,080 --> 00:01:05,760 Speaker 2: rate and political cycles. It's also losing two coals in 24 00:01:05,800 --> 00:01:08,800 Speaker 2: some areas. Energy Group Woodside has been sold off too, 25 00:01:08,920 --> 00:01:12,920 Speaker 2: down twenty two percent over the year. Energy Prices partly 26 00:01:13,080 --> 00:01:16,480 Speaker 2: explains that one another big company to severely underperform is 27 00:01:16,560 --> 00:01:18,880 Speaker 2: toll Road Group Transurban, which has lost more than ten 28 00:01:18,959 --> 00:01:22,040 Speaker 2: percent over the past year. It's been hit by expectations 29 00:01:22,040 --> 00:01:25,520 Speaker 2: of lower rates and management change. The four or all 30 00:01:25,760 --> 00:01:28,640 Speaker 2: top twenty stocks and investors have done really poorly. 31 00:01:28,959 --> 00:01:32,720 Speaker 1: As Sehan, those four companies are all from very different 32 00:01:32,800 --> 00:01:35,160 Speaker 1: parts of the economy. Right, So what does this mean 33 00:01:35,240 --> 00:01:36,240 Speaker 1: then for investors. 34 00:01:36,800 --> 00:01:39,240 Speaker 2: It's a cliche, but it is a stock pickers market 35 00:01:39,280 --> 00:01:42,480 Speaker 2: now any investor that needs to get professional advice, so 36 00:01:42,560 --> 00:01:44,480 Speaker 2: keep that in mind. But at the moment, the AX 37 00:01:44,600 --> 00:01:46,520 Speaker 2: is a market where not all companies in a sector 38 00:01:47,080 --> 00:01:49,720 Speaker 2: will do well or do poorly. At the same time, 39 00:01:50,160 --> 00:01:53,520 Speaker 2: knowing more about the individual company is more important than ever. 40 00:01:53,960 --> 00:01:56,280 Speaker 2: Take this next list of companies all have done really 41 00:01:56,320 --> 00:01:58,440 Speaker 2: poorly in the bottom twenty five percent of the ASEX 42 00:01:58,440 --> 00:02:01,120 Speaker 2: out of the past year. Fetch your building idp education, 43 00:02:01,240 --> 00:02:04,960 Speaker 2: Sonny healthcare, nine entertainment dominates pizza, all from different parts 44 00:02:04,960 --> 00:02:07,520 Speaker 2: of the economy. Point being that investing in a stock 45 00:02:07,520 --> 00:02:09,839 Speaker 2: pickers market can be much more difficult. If you don't 46 00:02:09,840 --> 00:02:12,240 Speaker 2: pick the right stock, you can easily get badly burnt. 47 00:02:12,720 --> 00:02:15,280 Speaker 1: Indeed, all right under story number two. Now, Sean, and 48 00:02:15,320 --> 00:02:18,239 Speaker 1: the fight over energy policy is, I've got to say 49 00:02:18,240 --> 00:02:21,880 Speaker 1: it heating up Sean, with Prime Minister Anthony Alberanezi yesterday 50 00:02:21,919 --> 00:02:25,079 Speaker 1: saying that Opposition Leader Peter Dutton is worse than Scott 51 00:02:25,120 --> 00:02:29,080 Speaker 1: Morrison on climate change after the Coalition restated its refusal 52 00:02:29,160 --> 00:02:31,000 Speaker 1: to back Labour's energy policy. 53 00:02:31,320 --> 00:02:34,000 Speaker 2: Mister Alberanzi said, mister Dutton is walking away from climate 54 00:02:34,080 --> 00:02:36,040 Speaker 2: change and when Labor announced its policy it had the 55 00:02:36,080 --> 00:02:38,880 Speaker 2: support of interest groups from across the political spectrum. He said, 56 00:02:38,880 --> 00:02:41,799 Speaker 2: the Opposition leader is afraid of the future. For their part, 57 00:02:41,840 --> 00:02:44,760 Speaker 2: the Coalition says it's committed to the Paris Agreement, which 58 00:02:44,840 --> 00:02:47,919 Speaker 2: demands global temperature rises be kept below two degrees celsius 59 00:02:47,960 --> 00:02:51,359 Speaker 2: this centry compared to pre industrial levels, but it doesn't 60 00:02:51,440 --> 00:02:53,680 Speaker 2: like the way the government's going about achieving those goals. 61 00:02:53,919 --> 00:02:56,440 Speaker 2: The government's legislative targets for a forty three percent of 62 00:02:56,480 --> 00:02:59,160 Speaker 2: carbon emissions by twenty thirty. That's compared to two thousand 63 00:02:59,160 --> 00:03:02,119 Speaker 2: and five levels and net zero greenhouse gas emissions by 64 00:03:02,320 --> 00:03:03,080 Speaker 2: twenty fifty. 65 00:03:03,639 --> 00:03:07,399 Speaker 1: Story number three. Business class airfares are getting cheaper as 66 00:03:07,440 --> 00:03:10,600 Speaker 1: airlines ramp up international routes and the leisure boom Sean 67 00:03:10,680 --> 00:03:11,760 Speaker 1: settles down a little. 68 00:03:12,240 --> 00:03:14,640 Speaker 2: FCM Consulting, which is part of Flight Center, says the 69 00:03:14,639 --> 00:03:17,120 Speaker 2: cost of flying business is twelve percent more expensive this 70 00:03:17,200 --> 00:03:20,000 Speaker 2: year than five years ago pre COVID, but it's better 71 00:03:20,240 --> 00:03:22,679 Speaker 2: than twelve months ago, when it was eighteen percent more expensive. 72 00:03:22,880 --> 00:03:26,040 Speaker 2: Economy prices are more stable, about eleven percent above pre 73 00:03:26,080 --> 00:03:29,320 Speaker 2: COVID levels, according to the Global Quarterly Trend Report. It 74 00:03:29,360 --> 00:03:32,080 Speaker 2: isn't all about COVID. The cost of aviation fuel and 75 00:03:32,160 --> 00:03:35,120 Speaker 2: inflation has also pushed up prices. The good news is 76 00:03:35,160 --> 00:03:37,920 Speaker 2: that Quantas, Emirates and American airlines are all due to 77 00:03:37,920 --> 00:03:41,160 Speaker 2: add capacity in coming months, which will add competitive tension 78 00:03:41,200 --> 00:03:41,800 Speaker 2: to the market. 79 00:03:42,400 --> 00:03:45,880 Speaker 1: Story number four. Today, Seawan Australians hold China in low 80 00:03:45,920 --> 00:03:49,720 Speaker 1: regard despite two years of better relations under the Abanese government, 81 00:03:50,040 --> 00:03:53,560 Speaker 1: while respect for US President Joe Biden is waning here. 82 00:03:53,720 --> 00:03:56,920 Speaker 1: According to the Lowy Institute's annual poll. 83 00:03:56,400 --> 00:03:59,160 Speaker 2: So Austraans value the US alliance, but they're worried about 84 00:03:59,240 --> 00:04:02,680 Speaker 2: Joe Biden's aging capacity to govern. Australians are also critical 85 00:04:02,680 --> 00:04:05,480 Speaker 2: of his approach over the Gaza conflict. If Australians had 86 00:04:05,480 --> 00:04:08,480 Speaker 2: evated in November's presidential election, sixty eight percent would go Biden, 87 00:04:08,560 --> 00:04:10,880 Speaker 2: twenty nine percent Donald Trump. When it comes to China, 88 00:04:10,960 --> 00:04:15,040 Speaker 2: just seventeen percent trust Beijing to act responsibly in the world. 89 00:04:15,440 --> 00:04:17,720 Speaker 2: It was twelve percent, so it's a bit better, but 90 00:04:17,760 --> 00:04:20,960 Speaker 2: nothing like the fifty two percent pre COVID. Only twelve 91 00:04:21,000 --> 00:04:23,560 Speaker 2: percent have confidence that President Jijing Ping will do the 92 00:04:23,640 --> 00:04:26,320 Speaker 2: right thing. He's only ahead of Russia's Vladimir Putin and 93 00:04:26,360 --> 00:04:29,640 Speaker 2: North Korea's Kim Jong un. The poll also says that 94 00:04:29,680 --> 00:04:32,480 Speaker 2: while the government and opposition divided about how to lower 95 00:04:32,520 --> 00:04:35,440 Speaker 2: carbon emissions, more than sixty percent of voters support both 96 00:04:35,520 --> 00:04:39,080 Speaker 2: nuclear power and renewable energy to tackle climate change. 97 00:04:39,360 --> 00:04:41,960 Speaker 1: All right, last one story number five, sean, what do 98 00:04:41,960 --> 00:04:45,239 Speaker 1: you make of this? From next month, Austria will allow 99 00:04:45,360 --> 00:04:49,800 Speaker 1: postal workers to enter people's homes to deliver parcels. This 100 00:04:49,920 --> 00:04:52,520 Speaker 1: is for the general public. Is it's grappling with the 101 00:04:52,600 --> 00:04:54,040 Speaker 1: surge in home deliveries. 102 00:04:54,920 --> 00:04:57,600 Speaker 2: Very innovative, I reckon the service is free. Their homeowners 103 00:04:57,640 --> 00:04:59,440 Speaker 2: will have to spend two hundred and eighty nine euros 104 00:04:59,440 --> 00:05:02,000 Speaker 2: for a smart line device that using a mobile phone 105 00:05:02,040 --> 00:05:05,280 Speaker 2: allows postal staff to unlock the door. About forty thousand 106 00:05:05,360 --> 00:05:08,200 Speaker 2: have already been sold. The postal staff are then supposed 107 00:05:08,240 --> 00:05:11,240 Speaker 2: to place the package on a designated doormat inside lock 108 00:05:11,360 --> 00:05:14,120 Speaker 2: up upon leaving. It's been piloted since twenty twenty one. 109 00:05:14,160 --> 00:05:17,120 Speaker 2: Apparently it's worked pretty well. It's the first time it's 110 00:05:17,120 --> 00:05:19,520 Speaker 2: been done in Europe. In the US, both Amazon and 111 00:05:19,560 --> 00:05:24,359 Speaker 2: Walmart have offered limited in garage delivery service, but not 112 00:05:24,640 --> 00:05:27,880 Speaker 2: in home delivery service. Interesting to see this guy, is, Michael. 113 00:05:27,960 --> 00:05:29,760 Speaker 1: Yeah, indeed, maybe we will see it here Sean. 114 00:05:30,400 --> 00:05:30,880 Speaker 2: Perhaps. 115 00:05:31,200 --> 00:05:32,680 Speaker 1: All right, there we go to the top five business 116 00:05:32,720 --> 00:05:35,760 Speaker 1: stories in five minutes. Thank you very much, Sewan, Thank you, Michael. 117 00:05:35,920 --> 00:05:38,599 Speaker 1: It is Tuesday, the eleventh of June twenty twenty four. 118 00:05:38,680 --> 00:05:41,000 Speaker 1: Remember to hit follow on the podcast and five minutes 119 00:05:41,000 --> 00:05:42,960 Speaker 1: isn't it enough? You can find our longer daily show 120 00:05:43,279 --> 00:05:46,120 Speaker 1: called Fear and Greed wherever you listen to podcasts. I'm 121 00:05:46,160 --> 00:05:48,520 Speaker 1: Michael Thompson and that was the fast five business news 122 00:05:48,520 --> 00:05:53,560 Speaker 1: by fear and greed. Have a great day.