1 00:00:03,920 --> 00:00:06,960 Speaker 1: It's Friday, the tenth of October twenty twenty five. Welcome 2 00:00:07,040 --> 00:00:09,119 Speaker 1: to the Fast five by Fear and Greed, where we 3 00:00:09,200 --> 00:00:11,360 Speaker 1: give you the top five business stories you need to 4 00:00:11,400 --> 00:00:15,360 Speaker 1: know in just five minutes. I'm Adam Lang and good morning. 5 00:00:15,480 --> 00:00:16,160 Speaker 1: Sean Aylmer. 6 00:00:16,280 --> 00:00:17,320 Speaker 2: Good morning, Adam. 7 00:00:17,560 --> 00:00:21,079 Speaker 1: Story number one. The federal government is considering changes to 8 00:00:21,160 --> 00:00:25,680 Speaker 1: key policies, including its delayed legislation to increase taxes on 9 00:00:25,800 --> 00:00:27,560 Speaker 1: high superannuation balances. 10 00:00:27,960 --> 00:00:30,960 Speaker 2: That piece of policy the government has fought for really hard, 11 00:00:31,000 --> 00:00:34,200 Speaker 2: despite plenty of criticism. It emerged yesterday that Federal Treasury 12 00:00:34,240 --> 00:00:36,760 Speaker 2: is considering changes to the proposal, which is set to 13 00:00:36,760 --> 00:00:39,840 Speaker 2: impose a new tax on superbalances above three million dollars. 14 00:00:40,159 --> 00:00:43,280 Speaker 2: Appearing before a hearing, Diane Brown, the Deputy Secretary of 15 00:00:43,320 --> 00:00:46,239 Speaker 2: the Revenue Division, also revealed that the PM's office had 16 00:00:46,280 --> 00:00:48,600 Speaker 2: taken an interest in the legislation, which is supposed to 17 00:00:48,600 --> 00:00:51,520 Speaker 2: be the purview of treasure Jim Chalmers. Ms. Brown would 18 00:00:51,520 --> 00:00:54,720 Speaker 2: not divulge the details of the conversation, although did say 19 00:00:54,720 --> 00:00:58,200 Speaker 2: that they were about concessions and concerns that stakeholders have 20 00:00:58,400 --> 00:01:01,080 Speaker 2: raised according to the Finn Review. So early last month, 21 00:01:01,120 --> 00:01:03,520 Speaker 2: the Albanezi government hit pause and plans to impose an 22 00:01:03,520 --> 00:01:06,800 Speaker 2: extra fifteen percent tax on superbalances above three million dollars. 23 00:01:07,080 --> 00:01:10,080 Speaker 2: Chief criticisms of the bill that the three million dollars 24 00:01:10,120 --> 00:01:12,520 Speaker 2: is not indexed and that the tax will apply to 25 00:01:12,600 --> 00:01:16,399 Speaker 2: unrealized gains that I'll hit property owners, farms, businesses, and 26 00:01:16,440 --> 00:01:19,440 Speaker 2: other liquid assets held in self managed funds. 27 00:01:19,720 --> 00:01:23,080 Speaker 1: Sure Treasury is also in discussions with the government about 28 00:01:23,200 --> 00:01:28,080 Speaker 1: reviewing the annual superannuation performance test, which the industry claims 29 00:01:28,160 --> 00:01:32,920 Speaker 1: has limited its ability to back innovative startups or nationally 30 00:01:32,959 --> 00:01:34,759 Speaker 1: significant projects like housing. 31 00:01:35,319 --> 00:01:37,760 Speaker 2: Bit pointy headed, but really important. The idea behind the 32 00:01:37,800 --> 00:01:41,120 Speaker 2: APPER ranking funds is that it would weed out underperforming funds. 33 00:01:41,480 --> 00:01:44,720 Speaker 2: So APPER ranks based on yearly long term returns of 34 00:01:44,760 --> 00:01:47,520 Speaker 2: investments in the first instance, if you're at the bottom 35 00:01:47,520 --> 00:01:49,120 Speaker 2: of those rankings in the first instance, you've got to 36 00:01:49,160 --> 00:01:53,080 Speaker 2: write to members notifying them subpar returns. In the second instance, 37 00:01:53,080 --> 00:01:57,200 Speaker 2: the fund might be banned from taking new members. Sounds 38 00:01:57,240 --> 00:01:59,800 Speaker 2: like a good idea. The effect, though, has been to 39 00:02:00,160 --> 00:02:04,760 Speaker 2: their creative investing because under performance means that your superfund 40 00:02:04,880 --> 00:02:08,080 Speaker 2: will be in real trouble. So it's encouraged funds to 41 00:02:08,120 --> 00:02:12,280 Speaker 2: passively track shareholder share market indices rather than actively allocate 42 00:02:12,320 --> 00:02:16,960 Speaker 2: capital to things like startups and biotechs and private companies. Basically, 43 00:02:17,000 --> 00:02:19,960 Speaker 2: it looks like they're just reviewing that, which is quite significant. 44 00:02:20,320 --> 00:02:24,880 Speaker 1: Sean story number two. Israel and Hamas have agreed officially 45 00:02:25,160 --> 00:02:28,240 Speaker 1: to sign a cease fire deal in Egypt after US 46 00:02:28,280 --> 00:02:31,000 Speaker 1: President Donald Trump announced the two sides had agreed to 47 00:02:31,040 --> 00:02:34,280 Speaker 1: the deal that would release all Israeli hostages in the 48 00:02:34,360 --> 00:02:37,560 Speaker 1: first step to what he called a strong, durable, and 49 00:02:37,680 --> 00:02:38,800 Speaker 1: everlasting piece. 50 00:02:39,480 --> 00:02:42,280 Speaker 2: According to the agreement, Israel will remain in fifty three 51 00:02:42,280 --> 00:02:44,240 Speaker 2: percent of the Gaza strip until the last of the 52 00:02:44,240 --> 00:02:48,520 Speaker 2: hostages is released. That's Channel twelve from Israel reporting that 53 00:02:48,960 --> 00:02:51,280 Speaker 2: the surviving hostages will be freed over the weekend. The 54 00:02:51,280 --> 00:02:54,360 Speaker 2: dead hostages handed over on Monday. They are believed to 55 00:02:54,400 --> 00:02:57,400 Speaker 2: be forty eight hostages, twenty of whom are still alive. 56 00:02:57,720 --> 00:02:59,680 Speaker 2: As happened in the last seas fire, six hundred eight 57 00:02:59,680 --> 00:03:03,080 Speaker 2: trucks will also be allowed into Gaza. Hamas earlier confirmed 58 00:03:03,120 --> 00:03:04,919 Speaker 2: a broad deal had been reached to end the war, 59 00:03:05,000 --> 00:03:08,720 Speaker 2: allow more humanitarian aid, and facilitate a prisoner exchange. Their 60 00:03:08,760 --> 00:03:12,080 Speaker 2: agreement marks a significant breakthrough in Trump's renewed push to 61 00:03:12,160 --> 00:03:14,240 Speaker 2: end the conflict, which has killed tens of thousands of 62 00:03:14,240 --> 00:03:17,760 Speaker 2: people and triggered a wave of conflict across the Middle East. 63 00:03:17,960 --> 00:03:22,200 Speaker 2: Our Prime Minister Anthony Albanezi welcomed the israel Hamas moves 64 00:03:22,280 --> 00:03:24,359 Speaker 2: to sign off on that first phase of the Gaza 65 00:03:24,400 --> 00:03:24,880 Speaker 2: Peace Plan. 66 00:03:25,320 --> 00:03:29,080 Speaker 1: Story number three six. Australian universities are ranked in the 67 00:03:29,080 --> 00:03:33,000 Speaker 1: top one hundred worldwide, with the University of Melbourne rated 68 00:03:33,280 --> 00:03:34,920 Speaker 1: the best Australian institution. 69 00:03:35,520 --> 00:03:38,000 Speaker 2: The Union of Melbourne ranked thirty seven globally, up from 70 00:03:38,040 --> 00:03:41,680 Speaker 2: thirty nine last year. According to the highly regarded Times rankings. 71 00:03:41,680 --> 00:03:44,640 Speaker 2: It achieved near perfect scores for research excellence and influence 72 00:03:44,680 --> 00:03:48,800 Speaker 2: as well as teaching quality. Australia's oldest institution, the University 73 00:03:48,800 --> 00:03:51,320 Speaker 2: of Sydney's, jumped from sixty one to fifty three, while 74 00:03:51,360 --> 00:03:55,120 Speaker 2: Monash is fifty eight, unchanged from last year. Others in 75 00:03:55,160 --> 00:03:57,920 Speaker 2: the top one hundred A and U, University of New 76 00:03:57,920 --> 00:04:00,880 Speaker 2: South Wales and Union of Queensland ten Australia University's rank 77 00:04:00,920 --> 00:04:03,680 Speaker 2: in the world's top two hundred number one overall Oxford 78 00:04:03,760 --> 00:04:07,840 Speaker 2: followed by MIT in the US equal third, Princeton and Cambridge. 79 00:04:08,400 --> 00:04:12,360 Speaker 1: Story number four US President Donald Trump's polling numbers continued 80 00:04:12,400 --> 00:04:15,240 Speaker 1: to slide, though not as quickly as they were ahead 81 00:04:15,240 --> 00:04:16,320 Speaker 1: of the northern summer. 82 00:04:16,920 --> 00:04:18,880 Speaker 2: As you can imagine, Adam, there are many poles in 83 00:04:18,920 --> 00:04:20,760 Speaker 2: the US, and The New York Times does a good 84 00:04:20,800 --> 00:04:24,080 Speaker 2: job compiling them and averaging them out. The average of 85 00:04:24,120 --> 00:04:27,080 Speaker 2: polls shows Trump with a disapproval rating of fifty four 86 00:04:27,080 --> 00:04:30,480 Speaker 2: percent approval rating of forty three percent. Trump started off 87 00:04:30,480 --> 00:04:34,159 Speaker 2: with pretty even approval disapproval numbers. They deteriorated in the 88 00:04:34,200 --> 00:04:37,400 Speaker 2: first six months. They'll have stabilized somewhat since July, so 89 00:04:37,760 --> 00:04:39,640 Speaker 2: after two hundred and sixty one days in the job, 90 00:04:39,800 --> 00:04:43,360 Speaker 2: Trump's approval is lower than where Joe Biden's approval rating 91 00:04:43,480 --> 00:04:45,960 Speaker 2: was at the same time, slightly better than where he 92 00:04:46,120 --> 00:04:49,120 Speaker 2: was in the first term, way below Barack Obama and 93 00:04:49,160 --> 00:04:50,359 Speaker 2: George W. Bush. 94 00:04:50,480 --> 00:04:54,520 Speaker 1: Story number five sean Pokemon cards are back if they 95 00:04:54,520 --> 00:04:58,719 Speaker 1: ever left, with some mint cards having appreciated three thousand 96 00:04:58,760 --> 00:05:02,440 Speaker 1: percent since two thousan four much better than equities. 97 00:05:03,120 --> 00:05:04,880 Speaker 2: So the card you might have bought in a pack 98 00:05:04,960 --> 00:05:07,080 Speaker 2: for five bucks twenty years ago could be one of 99 00:05:07,080 --> 00:05:10,560 Speaker 2: your great investments. According to stories on US network CBS 100 00:05:10,600 --> 00:05:13,039 Speaker 2: and The Wall Street journal Pokemon cards. Of course, they're 101 00:05:13,080 --> 00:05:15,800 Speaker 2: the game people play competing tournaments, but the money comes 102 00:05:15,800 --> 00:05:18,720 Speaker 2: from collecting them. COVID was really good to Pokemon. They 103 00:05:18,720 --> 00:05:22,040 Speaker 2: weren't worth much before COVID worth a lot by the 104 00:05:22,160 --> 00:05:24,840 Speaker 2: end of it. Buyers grade cards and their conditions one 105 00:05:24,880 --> 00:05:27,919 Speaker 2: to ten scale Mint condition ten fetches the most money, 106 00:05:28,000 --> 00:05:30,720 Speaker 2: very few of them, plenty of grade three and four's apparently, 107 00:05:31,000 --> 00:05:34,040 Speaker 2: of course. In twenty twenty, YouTube logan Paul famously purchased 108 00:05:34,279 --> 00:05:36,800 Speaker 2: a Grade ten Pokemon card from another collector for one 109 00:05:36,880 --> 00:05:40,839 Speaker 2: hundred and fifty thousand dollars. The most expensive cards have 110 00:05:40,920 --> 00:05:46,359 Speaker 2: a holographic foil on artwork that makes them shiny and attractive. Literally, 111 00:05:46,400 --> 00:05:49,080 Speaker 2: there have been stories of collectors selling those holographic cards 112 00:05:49,200 --> 00:05:51,360 Speaker 2: and being able to make a deposit on a ham 113 00:05:52,160 --> 00:05:56,560 Speaker 2: So forget gold, forget silver, forget copper, think Pokemon And. 114 00:05:56,600 --> 00:05:59,400 Speaker 1: With that that's the top five business stories you need 115 00:05:59,480 --> 00:06:01,880 Speaker 1: to know in US five minutes. Thank you Sean, Thank 116 00:06:01,920 --> 00:06:05,240 Speaker 1: you Adam. It's Friday, the tenth of October twenty twenty five. 117 00:06:05,320 --> 00:06:08,520 Speaker 1: Remember to follow on the podcast, and if five minutes 118 00:06:08,640 --> 00:06:11,719 Speaker 1: is not enough, then find our longer podcast called Fear 119 00:06:11,760 --> 00:06:15,640 Speaker 1: and Greed on your favorite podcast platform. I'm Adam Lange 120 00:06:15,720 --> 00:06:17,799 Speaker 1: and that was The bast Vine by Fear and Greed. 121 00:06:17,920 --> 00:06:18,720 Speaker 1: Have a great date.