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Speaker 1: It's Tuesday, the twenty seventh of January twenty twenty six.

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Speaker 1: Welcome 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 just 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: Five stories, five minutes. Let's roll story number one. Get

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Speaker 1: ready for a very big week for local markets, with

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Speaker 1: inflation data due for release tomorrow, set to determine whether

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Speaker 1: the RBA hikes interest rates next week.

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Speaker 2: And on markets think there is a better than even

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Speaker 2: chance of a rate hike. Annual inflation is tipped coming

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Speaker 2: around three point six percent, and the Reserve Bank's forecast

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Speaker 2: three point five percent. The all important underlying inflation rate

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Speaker 2: that's one we want to look at, likely to print

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Speaker 2: at about zero point eight percent for the quarter, at

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Speaker 2: three point two percent for the year. Anything above that

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Speaker 2: zero point eight three point two gives the Reserve Bank

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Speaker 2: ample evidence alongside strong lay beforce figures last week to

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Speaker 2: increase interest rates three point two percent or let's good

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Speaker 2: enable the bank to stay on hold. But of course, Michael,

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Speaker 2: I'm reading tea leaves here we'll find out much more tomorrow.

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Speaker 1: We will. Indeed, now all of this is going on

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Speaker 1: at home, but oversees Sean there's been some big moves

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Speaker 1: in markets, and it really mostly reflects investors getting wary

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Speaker 1: about the US, which of course is the most important

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Speaker 1: market in the world if.

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Speaker 2: You want to look at it. The Japanese yen is

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Speaker 2: surging against the US dollars, say's the euro. There signs

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Speaker 2: that investors are looking to invest outside the US. Another

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Speaker 2: sign of that goal, it pushed through five thousand US

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Speaker 2: dollars and ounce for the first time ever. Now that

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Speaker 2: reflects its safe haven status as well as the drop

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Speaker 2: in the US dollar. The price of gold is close

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Speaker 2: to doubled in the past year. Quite remarkable equipment for you, Michael,

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Speaker 2: I know you're going to the US later in the year.

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Speaker 2: Aussie dollar more than sixty nine US since gay you

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Speaker 2: a good thing. Some of the big Wall Street techtocks

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Speaker 2: are being dumped over the weekend. Intel the chip maker,

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Speaker 2: fell seven percent one session. Apple's down aboate eight percent.

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Speaker 2: This year, there's the Donald Trump's threat to put tariffs

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Speaker 2: on Canadian products. There's the US Somata ahead towards the

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Speaker 2: Middle East, Trump saying he's watching Iran very carefully. There's

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Speaker 2: all the trouble in Minnesota. People just getting scared about

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Speaker 2: the US.

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Speaker 1: Yeah, okay. Moving on to story number two now, Shawn,

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Speaker 1: Australia's biggest steelworks company, blue Scope, is shopping around for

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Speaker 1: a buyer.

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Speaker 2: Blue Scope execs were in Korea talking to PSCO Japan

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Speaker 2: talking to Nippon about the big global steel companies taking

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Speaker 2: a stake in the Aussie group or maybe even buying it.

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Speaker 2: According to media reports, the company, which owns support Kembler

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Speaker 2: Steel Works in New South Wales and is looking at

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Speaker 2: taking out of the Wyala Steel Works in South Australia,

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Speaker 2: has already knocked back a consortium bid. Part of that

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Speaker 2: consorting was the stakes family. The winners and all this

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Speaker 2: so far have definitely been the shareholders. The company's already

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Speaker 2: offered up a massive dividend at its February sixteen results.

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Speaker 2: Share prices up twenty six percent this year. That's pretty

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Speaker 2: good if you've been holding blue Scope shares.

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Speaker 1: Yeah, indeed, starry Number three. Speculation about who will lead

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Speaker 1: the Federal Liberal Party this year is gathering pace, with

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Speaker 1: incumbent Susan Lee facing potential challenges from front bench a

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Speaker 1: Angus Taylor and backbencher Andrew Hasey.

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Speaker 2: Asked about challenging Lee, Taylor yesterday notably avoided the question,

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Speaker 2: saying he couldn't add anything because he was a member

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Speaker 2: of the shadow cabinet. Of course, if he wasn't considering it,

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Speaker 2: he could have just said no. That would have been

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Speaker 2: pretty much easy to clear the matter up. Hasty wasn't

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Speaker 2: much better, saying he wouldn't comment on party matters. A

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Speaker 2: leadership spill could occur as early as next week when

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Speaker 2: Parliament returns for her part. Lee, when asked if her

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Speaker 2: leadership was over, said absolutely not. H We'll wait and see.

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Speaker 1: Yeah. Story number for Australia Day yesterday sean a mix

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Speaker 1: of celebration and protests, with rallies from both sides held

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Speaker 1: in cities including Sydney, Melbourne and Canberra.

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Speaker 2: Their Invasion Day protests organized by Indigenous Australians as well

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Speaker 2: as Mass for Australia rallies in Melbourne, and brawl broke

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Speaker 2: out broke out at the March for Australia rally, and

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Speaker 2: there were clashes between those rally goers and Invasion Day

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Speaker 2: protesters in Sydney. Former members of the recently disbanded now

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Speaker 2: Nazi group the National Socialist Network helped Marshall and anti

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Speaker 2: immigration march One Nation leader Pauline Hansen attended a march

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Speaker 2: in Brisbane. Prime Minister Anthony Alberanez he was in Canberra

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Speaker 2: welcoming new citizens to this country. Nearly nineteen thousand people

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Speaker 2: from more than one hundred and fifty countries became citizens yesterday. Michael,

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Speaker 2: that's pretty cool.

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Speaker 1: That's pretty amazing. Last one story number five. Sean, a

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Speaker 1: former flight attendant, allegedly conned his way onto hundreds of

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Speaker 1: free flights over four years by posing as a pilot.

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Speaker 2: Dallas Percornick used a fake employee ID card and his

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Speaker 2: insider knowledge to fly for free across three major airlines.

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Speaker 2: Prosecutors allege they've said that Percornick, from Toronto, regularly tried

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Speaker 2: to convince staff that he be given the jump seat

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Speaker 2: in the cockpit of the aircraft, a seat typically reserved

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Speaker 2: for off judy pilot's trainees or inspectors. Pitcornick, who worked

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Speaker 2: as a steward for a Toronto based airline between July

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Speaker 2: twenty seventeen October twenty nineteen, faces twenty years in prison.

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Speaker 2: According to the Telegraph of London. That's, of course, if

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Speaker 2: he's found guilty. Photo show him hopping on the planes

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Speaker 2: and traveling across the world New York, London, floating beach

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Speaker 2: club in Thailand, Los Angeles, Mexico. In fact, in one

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Speaker 2: video he's wearing a Hugo bossom By embossed polo shirt.

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Speaker 2: He films himself for stipping onto a private jet, sitting

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Speaker 2: back and leather seat with a nice glass of wine.

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Speaker 2: He's floated. Not guilty to the charges, but what a

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Speaker 2: cracking story.

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Speaker 1: It is an absolute rip up. There we go to

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

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Speaker 1: Thank you Michael. It's Tuesday, the twenty seventh of January.

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Speaker 1: Remember to hit follow on the podcast. That's very important

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Speaker 1: and in five minutes isn't enoughing and find our longer

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Speaker 1: daily show called Fear and Greed whereever you listen to podcasts.

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Speaker 2: So I'm Michael.

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Speaker 1: Thompson and that was the fast five business news by

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Speaker 1: Fear and Greed. Have a great day.