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Speaker 1: Welcome to the Saturday edition of The Fast five Business

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Speaker 1: News by Fear and Greed. I'm Michael Thompson and hello

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Speaker 1: Sean Aylmer, Hi, Michael Sewan. On weekdays, it's all about

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Speaker 1: the Fast five, the top five business stories in five

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Speaker 1: minutes on the weekend. On Saturday mornings, we still keep

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Speaker 1: it to five minutes, but we're going to pick out

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Speaker 1: the biggest business story of the week, the most remarkable

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Speaker 1: business story, a mystery category. We changed that every week

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Speaker 1: just to keep you guessing, and our favorite story. Let's

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Speaker 1: jump straight into it, shall we with our biggest stories?

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Speaker 1: What was it for you?

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Speaker 2: Wow? The biggest and louder story of the week. Though

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Speaker 2: as we sit here on Saturday morning, not much has changed.

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Speaker 2: Is Donald Trump and financial markets. Basically, he said he

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Speaker 2: was going to take Greenland. US was going to take

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Speaker 2: Greenland by force if needed. The fears that sort of

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Speaker 2: triggered fears that NATA would break up, that you'd have

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Speaker 2: to redo the post World war tool lines. So we

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Speaker 2: had a rare triple cell offur've assets. Investors were selling

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Speaker 2: bonds and equities and the US dollars. Trump wasn't backing down.

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Speaker 2: He got to Davos spoke and said, no, we won Greenland.

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Speaker 2: They went to social media and he guess what he

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Speaker 2: did back down. He basically said that he'd spoken to

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Speaker 2: the head of NATO that had reached a framework of

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Speaker 2: a future deal. Not that anyone knows what that means.

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Speaker 2: I suspect the impact of this week is that no

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Speaker 2: one quite knows what Donald Trump is doing.

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Speaker 1: It's been quite an extraordinary week considering the path that

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Speaker 1: we took to get to that point, right. The thing

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Speaker 1: that's been happening here at home, Shawn. The other big

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Speaker 1: story this week is the complete and utter disintegration of

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Speaker 1: the coalition, the Federal Coalition. It started this week with

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Speaker 1: Parliament being recalled early to debate the hate speech and

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Speaker 1: gun reform that involved a backdown from the Prime Minister

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Speaker 1: had to separate the pieces of legislation. It eventually passed

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Speaker 1: on Tuesday night with the support of the Liberals. It

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Speaker 1: should have been a good moment for Liberal leader Susan Lee.

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Speaker 1: It wasn't because the Nationals didn't want it, and they

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Speaker 1: really just they pulled the pin on the entire cold

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Speaker 1: coalition over it. They some of them didn't vote for it,

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Speaker 1: some of them voted against it, and then the entire

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Speaker 1: National Party walked away from the coalition. The losers here

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Speaker 1: are the Australian people. We need very strong opposition. The

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Speaker 1: other loser here really is Susan Lee, because her leadership

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Speaker 1: is very, very very shaky, because she's got to try

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Speaker 1: and hold not just the coalition together, but she's just

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Speaker 1: got to try and hold onto her job. And the

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Speaker 1: drums of a leadership change are beating very loudly.

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Speaker 2: Sean, please, certainly, Can I tell you about my most

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Speaker 2: remarkable story? Yeah?

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Speaker 1: Please?

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Speaker 2: It's from this American Cancer Society. The survival rate for

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Speaker 2: cancer patients is now seventy percent five years after diagnosis,

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Speaker 2: up from fifty percent in the mid nineteen seventies, meaning

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Speaker 2: cancer is becoming more of a treatable chronic disease. The

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Speaker 2: highest incidence of cancer in women is breast cancer. Fortunately,

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Speaker 2: breast cancer survival rates have risen to ninety two percent.

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Speaker 2: For men is prostate cancer ninety eight percent. Still, some

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Speaker 2: shop because pancreatic cancer, live a cancer, lung cancer dreadful

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Speaker 2: survival rates for those, But generally society is making progress

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Speaker 2: because people are living with cancer rather than necessarily dying

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Speaker 2: from cancer.

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Speaker 1: Yeah, that is a remarkable story. The other one worth

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Speaker 1: of mention is one really for the economy here, Sean

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Speaker 1: got a lot more likely that we're about seeing interest

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Speaker 1: rate hike when the Reserve Bank Board meets in a

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Speaker 1: week and a bit. The jobs market in this country

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Speaker 1: is very strong, and we learned this week that last

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Speaker 1: month an extraordinary sixty two three hundred people or thereabouts

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Speaker 1: found work. Economists for expecting less than half that number

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Speaker 1: of jobs to be created, you had hours work to improved,

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Speaker 1: and underemployment improved. The unemployment rate overall dropped from four

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Speaker 1: point three to four point one percent. The RBA had

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Speaker 1: already said that a tight labor market was a reason

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Speaker 1: that it wouldn't cut rates anymore. It's now gotten even tighter,

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Speaker 1: and markets are pricing in a fifty percent chance of

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Speaker 1: a hike when the RBA board meets on Tuesday week.

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Speaker 1: I'll see what happens with inflation in what four days time?

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Speaker 1: But who knows sean week and a half rates could

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Speaker 1: be rising. So I've got a mortgage, Michael, same here,

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Speaker 1: So yes, I do feel that one mystery category, how

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Speaker 1: rich did you get in twenty twenty five? Sean and

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Speaker 1: I'm not asking you personally. We'll take some broader looks

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Speaker 1: at this. Can I suggest one here and that is

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Speaker 1: the fact that property real estate house price has closed

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Speaker 1: out twenty twenty five, hitting new records. This is according

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Speaker 1: to Domain. There were twelve consecutive quarters of growth and

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Speaker 1: in some cases the growth has been huge. In the

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Speaker 1: December quarter, Perth speeding in house price jumped almost ten percent,

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Speaker 1: the sixth Ozsie city to be in the million dollar club.

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Speaker 1: You've got Melbourne's price recovery gaining paced. Unit prices across Sidney,

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Speaker 1: Melbourne and Brisbane are accelerating massive year last year, but

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Speaker 1: we also had three interest rate cuts and a big

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Speaker 1: government support scheme as well to get people into homes.

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Speaker 1: What will happen this year if we do have rates rising,

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Speaker 1: we'll see. But last year was a pretty good one.

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Speaker 1: So the flip side to housing, of course, is superinnuation.

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Speaker 1: The median balanced fund returned eight point eight percent last year.

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Speaker 1: Now the long term average over the past twenty five

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Speaker 1: years is six point six percent, so twenty twenty five

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Speaker 1: yet another good year for super standout asset class international shares.

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Speaker 1: The conservative asset classes fixed interests in cash returned above inflation.

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Speaker 1: Just a good year for super Sean. Give us the

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Speaker 1: favorite story of the week because this one is just

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Speaker 1: a favorite for all humanity right.

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Speaker 2: It is a stensible outline of a hand found on

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Speaker 2: the Indonesian island of Silawesi, is the world's oldest known

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Speaker 2: cave painting, almost sixty eight thousand years ago. What's interesting

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Speaker 2: it shows this hand whose fingers were changed to create

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Speaker 2: a claw like motive. What it does It strengthens the

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Speaker 2: argument that our species, Homesapiens, had reached the wider Australian

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Speaker 2: New Zealand Australian New Guinea land mass around fifteen thousand

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Speaker 2: years earlier than some researchers argued. And creativity is innate

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Speaker 2: to our species, So rather than actually coming out of Europe,

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Speaker 2: creativity as demonstrated by the hand is innate to the species.

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Speaker 2: Absolutely fascinating. Some of the work done, which was in

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Speaker 2: Nature magazine this week, was done by Professor Adam Brumm

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Speaker 2: from Griffith's University here in Australia. It's just a really

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Speaker 2: interesting story to think how old Homo sapiens are and

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Speaker 2: how some of our qualities the first time A sapiens

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Speaker 2: had them as well.

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Speaker 1: Yeah, they're just part of who we are. That's incredible.

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Speaker 1: All right, five minutes and pretty much everything you need

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Speaker 1: to know in the world of business. Thank you, Sean.

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Speaker 1: Thanks Michael, don't forget to follow on the podcast. Head

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Speaker 1: to Fear and Greed dot com. Todat you to sign

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Speaker 1: up for our free daily newsletter. I'm Michael Thompson and

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Speaker 1: this is the fast five business news by Fear and Agreed.