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Speaker 1: It's Wednesday, the thirtieth of April twenty twenty five. Welcome

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Speaker 1: 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 it's five minutes. I'm Michael Thompson

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Speaker 1: and good morning Sean Aylmer.

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Speaker 2: Good morning Michael, Sean.

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Speaker 1: Before we get to the top five stories, a very

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Speaker 1: quick mention of our free daily newsletter. You sign up

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Speaker 1: at Fearangreed dot com dot au or a put a

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Speaker 1: link in the show notes as well. It is a

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Speaker 1: quick email that lands in your inbox before six am

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Speaker 1: every morning and just gives you a quick of everything

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Speaker 1: you need to know so that you get to work

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Speaker 1: prepared for the day. On with the story. Story number one,

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Speaker 1: Woodside Energy Sean will push ahead with its twenty seven

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Speaker 1: billion dollar LNG plant in Louisiana, pushing the group into

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Speaker 1: the legion of global gas giants.

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Speaker 2: Once producing gas in Louisiana, Woodside could provide more than

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Speaker 2: five percent of the world's LNG supply. The board of

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Speaker 2: Woodside greenlighted the seventeen billion US dollar project that's twenty

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Speaker 2: seven billion ouzsie. It's due to be complete in twenty

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Speaker 2: twenty nine. The decision to proceed comes after Woodside sold

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Speaker 2: a forty percent steak in it to an American infrastructure group.

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Speaker 2: See Megananeil said the decision as a game changer for

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Speaker 2: the company. She said it will position Woodside as a

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Speaker 2: global LL and G powerhouse and enable it to deliver

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Speaker 2: in during shareholder returns. Now Woodside will commit about twelve

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Speaker 2: billion dollars to the building. The PE group from the

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Speaker 2: US will commit the rest. Woodside's share price that jumped

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Speaker 2: one and a half percent yesterday.

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Speaker 1: It's a megadeal full of risk. Is it unusual sean

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Speaker 1: to be signing off on such a large spend right now?

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Speaker 1: Given the Trump world that we live in, it's a.

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Speaker 2: Bet that Donald Trump has changed the world forever. There's

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Speaker 2: plenty of uncertainty, but Woodside is hoping that the administration

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Speaker 2: will push your head with plans to boost energy exports

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Speaker 2: from the US. Think drill, baby, drill. It mean that

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Speaker 2: could suggest a bit of supply, but it's probably more

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Speaker 2: realistic to think that the White House won't get in

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Speaker 2: the way of commercial decisions around oil and gas. Beyond that,

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Speaker 2: given it takes years to get these projects fully operational,

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Speaker 2: it's a bit that Donald Trump has forever changed the world.

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Speaker 2: Megan O'Neil yesterday actually said there's already heightened interest in

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Speaker 2: buying LL and G from the US. Woodside would be

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Speaker 2: in a good position to sell it. Also the environmental

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Speaker 2: part of the story, llen G is a transition energy,

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Speaker 2: not a green energy. Woodside's betting that the reversion away

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Speaker 2: from the environment the focus on gas has quite a

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Speaker 2: few decades to run.

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Speaker 1: Okay, moving on to story number two. Now, the election

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Speaker 1: campaign continues with the respective leaders nursing babies, nursing dogs.

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Speaker 1: Would you believe Sean protesters were disrupting both sides of politics,

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Speaker 1: and there was even an attack on Opposition leader Peter

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Speaker 1: Dutton's electoral office.

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Speaker 2: So walcome in the country debate got a run while

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Speaker 2: both sides criticized the other overspending initiatives, particularly in the

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Speaker 2: wake of the S and P Ratings Agency warning about

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Speaker 2: a potential downgrade to Australia's triple A credit rating. Opposition

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Speaker 2: leader Pete Dutta was in Gilmore, the first marginal seat

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Speaker 2: in news South wal It's, giving a talk when he

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Speaker 2: was disrupted by anti nuclear protesters. A teenage girl was

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Speaker 2: arrested after a late night graffiti blitz at one of

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Speaker 2: Dunton's Queensland officers. Three days to go, Michael and Anthony

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Speaker 2: Albanezi is still in the box seat.

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Speaker 1: Story number three. Former Virgin Australia boss Jane Herdliker will

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Speaker 1: be the new CEO of Deavor Group, the beleagued pubs

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Speaker 1: and liquor store business that has promised plenty but somewhat

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Speaker 1: failed to deliver for shareholders.

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Speaker 2: Jane heard like a clearly not a fan of easy jobs.

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Speaker 2: She started at a two milk, very successful there, then

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Speaker 2: jumped into Virsion business when in it when it went

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Speaker 2: into private equity hands. Now she's taking on Endeavor. Why

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Speaker 2: she didn't actually do it at Virgin was get a

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Speaker 2: float away. So she got the flights up and running,

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Speaker 2: which is good, but didn't get a float away. The

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Speaker 2: owner of Dan Murphy's BWS and Pubs was spun out

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Speaker 2: of Woolies in twenty twenty one. Its share price today

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Speaker 2: is about two thirds of what it was when it

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Speaker 2: was listed, and Deva now has a new chair, two

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Speaker 2: new non executives and a new CEO coming in on

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Speaker 2: January one, so clearly a shakeup at that company. The

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Speaker 2: goal is to turn around the pubs, get the bottle

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Speaker 2: shops firing, and finally shift itself away from the mothership Woolies.

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Speaker 2: We'll see how she goes. Good luck to us.

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Speaker 1: Indeed, story number four just a quick one here. Sean

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Speaker 1: James Packer, who's pretty much withdrawn from the public eye,

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Speaker 1: has sold his Beverly Hills mansion for ninety three million

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Speaker 1: dollars in what is reported the most expensive property deal

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Speaker 1: in the suburb this year.

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Speaker 2: Now. Earlier in the year, in a neighboring suburb, Packer

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Speaker 2: bought a place for one hundred and seventy four million dollars.

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Speaker 2: He calls La his home now the one he has

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Speaker 2: just sold. Twelve bedrooms, eighteen bathrooms twenty seven hundred square meters.

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Speaker 2: Also has a wine cellar, screening room, cigar lounge Jim

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Speaker 2: and a beauty salon, according to a story in The Australian.

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Speaker 2: Previously it was owned by actor Denny de Vito and

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Speaker 2: his wife Rhea Perlman. James Packer is ranked twenty seven

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Speaker 2: on Australia's Riches two hundred and fifty, worth around five

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Speaker 2: billion dollars or so. He last played a prominent role

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Speaker 2: in the Australian business community back in late twenty twenty

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Speaker 2: two when he sold his stake in Crown Resorts to

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Speaker 2: private equity firm Blackstone for about three point three billion dollars.

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Speaker 1: All right, last one story number five. Donald Trump is

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Speaker 1: celebrating one hundred days in office. It has been quite

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Speaker 1: a whirlwind, Sewan, redefining global relations and the international economy.

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Speaker 1: What are the highlights or whatever you want to call them.

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Speaker 2: Well, one of the first executive orders, remember, released riders

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Speaker 2: from the January sixth, twenty twenty one attack on Capitol Hill.

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Speaker 2: He then sent troops to the Mexican border within days,

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Speaker 2: saying America's sovereignty, it was sovereignty was under attack. Day eleven,

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Speaker 2: he blamed Diversity Initiatives for a plane crash in Washington.

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Speaker 1: D C.

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Speaker 2: Just after a fortnight in office, Foreign Aid staff were

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Speaker 2: told not to come to work. That was beginning of

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Speaker 2: Elon Musk's Doge crackdowns. Trump went on to suggest that

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Speaker 2: the US should seize control of Gaza. He berated Ukrainian

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Speaker 2: President Vladimir Zelensky, praised Vladimir Putin from Russia. A journalist

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Speaker 2: was added to a secure line that was discussing an

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Speaker 2: attack on Yemen. Throughout it all officials rounding up illegal

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Speaker 2: immigrants and deporting them. Day seventy three was probably the

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Speaker 2: big one. Tariffs for one hundred and eighty five countries,

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Speaker 2: including ten percent on Australia. Financial markets are still try

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Speaker 2: and recover. You can't say he doesn't have energy.

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Speaker 1: He's certainly giving it his all. Sean. There we go

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Speaker 1: the top five business stories in five minutes. Thank you

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Speaker 1: very much, Shank you, Michael. It is Wednesday, the thirtieth

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Speaker 1: of April twenty twenty five. Remember to hit follow on

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Speaker 1: the podcast. If five minutes isn't enough, you can find

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Speaker 1: our longer daily show called Fear and Greed whereever you

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Speaker 1: listen to podcast. I'm Michael Thompson. And there was the

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Speaker 1: Fast by Business News by Peter and Greed. Have a

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Speaker 1: great day, m