1 00:00:03,800 --> 00:00:07,200 Speaker 1: It's Thursday, the seventeenth of April twenty twenty five. Welcome 2 00:00:07,200 --> 00:00:09,680 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,680 --> 00:00:11,680 Speaker 1: where we give you the top five business stories you 4 00:00:11,720 --> 00:00:13,880 Speaker 1: need to know in just five minutes. I'm Michael Thompson 5 00:00:13,920 --> 00:00:15,320 Speaker 1: and good morning Sean Aylmer. 6 00:00:15,520 --> 00:00:17,160 Speaker 2: Good morning, Michael Sewan. 7 00:00:17,239 --> 00:00:19,800 Speaker 1: Five stories, five minutes. Let's go with story number one. 8 00:00:19,960 --> 00:00:23,560 Speaker 1: The two federal leaders, Anthony Albanesi and Peter Dutton faced 9 00:00:23,560 --> 00:00:25,720 Speaker 1: off in the second debate last night. It was a 10 00:00:25,760 --> 00:00:29,920 Speaker 1: better performance by the opposition leader, though perhaps not enough 11 00:00:29,920 --> 00:00:32,599 Speaker 1: to make up substantial ground on the Prime Minister's lead 12 00:00:32,640 --> 00:00:33,199 Speaker 1: in the polls. 13 00:00:33,320 --> 00:00:35,720 Speaker 2: I think it was a better debate overall, covering issues 14 00:00:35,760 --> 00:00:39,440 Speaker 2: from social welfare and health, childcare, defense, climate change, energy, 15 00:00:39,479 --> 00:00:42,880 Speaker 2: the economy, bunch of other things. While Anthony Albanesi told 16 00:00:42,920 --> 00:00:45,680 Speaker 2: listeners that the country's turning the corner, Peter Dutton asked 17 00:00:45,720 --> 00:00:48,160 Speaker 2: them if they felt better off than three years ago. 18 00:00:48,560 --> 00:00:52,760 Speaker 2: Dunton nominated energy as his big reform if elected. Anthony 19 00:00:52,760 --> 00:00:56,400 Speaker 2: Alberanze he said he'd like to be remembered for affordable childcare. 20 00:00:56,600 --> 00:00:59,520 Speaker 2: Plenty of discussion on housing, power bills. How that's going 21 00:00:59,560 --> 00:01:02,480 Speaker 2: to be fun? When asked whether they trusted US President 22 00:01:02,520 --> 00:01:06,920 Speaker 2: Donald Trump and Chinese leaders Jijingping, Anthony Albanesi basically said yes. 23 00:01:06,959 --> 00:01:10,479 Speaker 2: Peter Dutton didn't quite answer on that one. I find 24 00:01:10,520 --> 00:01:13,320 Speaker 2: in these debates in areas that is comfortable in Peter 25 00:01:13,480 --> 00:01:16,040 Speaker 2: Dutton comes across really well last a. He did well 26 00:01:16,080 --> 00:01:18,520 Speaker 2: in defense, he actually did well in the economy, and 27 00:01:18,560 --> 00:01:21,320 Speaker 2: Anthony Albanese he tripped up on negative gearing last night. 28 00:01:21,840 --> 00:01:25,039 Speaker 2: But in areas where Peter Dunton's less comfortable social policies, 29 00:01:25,080 --> 00:01:29,959 Speaker 2: climate change, Anthony Alberanezi tends to do better than Peter Dutton. 30 00:01:30,440 --> 00:01:33,560 Speaker 2: Dunton equivocated on climate change, which was interesting, conceding the 31 00:01:33,600 --> 00:01:36,319 Speaker 2: impact in the form of natural disasters and extreme weather, 32 00:01:36,360 --> 00:01:38,480 Speaker 2: but stopped short of saying where the climate change is 33 00:01:38,480 --> 00:01:41,600 Speaker 2: making things worse. Certainly more spirited debate, in part due 34 00:01:41,600 --> 00:01:44,680 Speaker 2: to the spirited questioning from the ABC's David Spears. 35 00:01:45,040 --> 00:01:46,840 Speaker 1: Yeah, it was a good debate. What else happened just 36 00:01:46,880 --> 00:01:50,240 Speaker 1: quickly Shan on the campaign trail yesterday ahead of the debate. 37 00:01:50,040 --> 00:01:52,520 Speaker 2: Well, the scuff olover who knew? What about media reports 38 00:01:52,560 --> 00:01:55,240 Speaker 2: that Russia wanted to base fighter jets in Indonesia thirteen 39 00:01:55,320 --> 00:01:57,200 Speaker 2: hundred klometers from Darwin got a bit of a run. 40 00:01:57,280 --> 00:01:59,960 Speaker 2: Dunn't slam the government for having no clue about the proposal, 41 00:02:00,040 --> 00:02:04,160 Speaker 2: which Indonesia says isn't going to happen. Albanzi criticized Dunn 42 00:02:04,200 --> 00:02:06,600 Speaker 2: for overreaching and being reckless on the issue. In fact, 43 00:02:06,720 --> 00:02:09,720 Speaker 2: last night, Peter Dutton admitted that he wrongly stated the 44 00:02:09,760 --> 00:02:13,280 Speaker 2: Indonesian president had confirmed Russia had sought access to a 45 00:02:13,320 --> 00:02:17,440 Speaker 2: military base in Papua. In fact, it was Indonesian government officials, 46 00:02:17,440 --> 00:02:18,160 Speaker 2: not the president. 47 00:02:18,360 --> 00:02:21,160 Speaker 1: Onto story number two now sean. The Fair Work Commission 48 00:02:21,280 --> 00:02:23,919 Speaker 1: has awarded pay rises of up to thirty percent to 49 00:02:24,080 --> 00:02:27,240 Speaker 1: hundreds of thousands of early childhood workers and health professionals 50 00:02:27,280 --> 00:02:31,079 Speaker 1: in landmark decisions to try to fix gender imbalances in 51 00:02:31,200 --> 00:02:33,040 Speaker 1: key industries dominated by women. 52 00:02:33,400 --> 00:02:37,040 Speaker 2: The rulings handed down yesterday, covering five priority awards, are 53 00:02:37,040 --> 00:02:39,799 Speaker 2: a response to the Albanesi government's new equity objective it 54 00:02:39,880 --> 00:02:42,320 Speaker 2: introduced into the Fair Work Act a couple of years ago. 55 00:02:42,520 --> 00:02:45,240 Speaker 2: It requires Commission to consider gender and it's all as 56 00:02:45,280 --> 00:02:48,120 Speaker 2: paid decisions. The decisions are likely to be followed by 57 00:02:48,160 --> 00:02:52,520 Speaker 2: other gender undervaluation reviews, according to the Friend Review. Now 58 00:02:52,560 --> 00:02:55,680 Speaker 2: the Commission's are already considering pay claims up to thirty 59 00:02:55,680 --> 00:02:58,000 Speaker 2: five percent for two hundred and fifty thousand nurses in 60 00:02:58,000 --> 00:03:03,320 Speaker 2: private hospitals. Upcoming decisions will probably affect clothing retail workers, 61 00:03:03,440 --> 00:03:07,200 Speaker 2: flight cabin crew, hairdresses and receptionists. The Albany Dcy Government 62 00:03:07,200 --> 00:03:09,799 Speaker 2: has already committed twenty one billion dollars to fund gender 63 00:03:09,800 --> 00:03:12,000 Speaker 2: pay increases of up to twenty eight percent for aged 64 00:03:12,040 --> 00:03:15,520 Speaker 2: care workers and an initial fifteen percent increase for early 65 00:03:15,600 --> 00:03:19,120 Speaker 2: childhood educators. It has yet to state its position on 66 00:03:19,160 --> 00:03:22,440 Speaker 2: increases beyond fifteen percent for the child care sector, which 67 00:03:22,520 --> 00:03:26,040 Speaker 2: received the most significant pay rises in yesterday's rulings. 68 00:03:26,120 --> 00:03:29,560 Speaker 1: Story number three. It's been a boom time for Australia's 69 00:03:29,600 --> 00:03:33,440 Speaker 1: general insurers last year, posting a record six point one 70 00:03:33,560 --> 00:03:36,200 Speaker 1: billion dollars in profit now That is more than triple 71 00:03:36,400 --> 00:03:38,600 Speaker 1: the five year average. 72 00:03:38,120 --> 00:03:41,480 Speaker 2: And it's thanks to a nine year for natural disasters 73 00:03:41,520 --> 00:03:45,280 Speaker 2: alongside rising premiums. According to KPMG's and Your review of 74 00:03:45,320 --> 00:03:48,360 Speaker 2: the sector, it's the first time since twenty nineteen insurers 75 00:03:48,480 --> 00:03:53,200 Speaker 2: posted underwriting profits on home insurance, helped by steep drop 76 00:03:53,320 --> 00:03:57,160 Speaker 2: in weather related claims. Home insurance premiums climbed twenty percent 77 00:03:57,280 --> 00:03:59,839 Speaker 2: to an average of twelve seventy seven dollars last year. 78 00:04:00,200 --> 00:04:03,200 Speaker 2: Insurance raise eleven percent to nine forty six Over the 79 00:04:03,200 --> 00:04:06,480 Speaker 2: past twelve months. Both QB and IAG's share prices are 80 00:04:06,560 --> 00:04:09,680 Speaker 2: up around twenty five percent, reflecting the good financial times 81 00:04:09,680 --> 00:04:10,360 Speaker 2: for insurance. 82 00:04:10,840 --> 00:04:14,720 Speaker 1: Story number four. Quantus Frequent Flyer and Quantus Business Rewards 83 00:04:14,720 --> 00:04:18,039 Speaker 1: members will be able to earn points on their transaction 84 00:04:18,120 --> 00:04:21,520 Speaker 1: account balances under a new partnership with AMP Bank. 85 00:04:21,800 --> 00:04:24,200 Speaker 2: Imp Bank will offer one Quantus point for every ten 86 00:04:24,240 --> 00:04:27,520 Speaker 2: dollars held in its Everyday Account or Everyday Business account 87 00:04:27,600 --> 00:04:29,559 Speaker 2: up to a balance of five million dollars. The deal 88 00:04:29,680 --> 00:04:32,919 Speaker 2: is designed to attract both personal and small business customers. 89 00:04:33,279 --> 00:04:36,440 Speaker 2: It demonstrates quantuses ongoing push beyond the flying and into 90 00:04:36,480 --> 00:04:40,600 Speaker 2: financial services. It's already been involved in credit card partnerships 91 00:04:40,600 --> 00:04:44,919 Speaker 2: with other organizations. Quantus its tentacles are spreading everywhere, Michael 92 00:04:44,960 --> 00:04:49,240 Speaker 2: imp Group Chief Executive Seawan O'Malley said. Research shows that 93 00:04:49,360 --> 00:04:52,440 Speaker 2: customers want no fees, they want security, and I want 94 00:04:52,440 --> 00:04:55,400 Speaker 2: loyalty programs, and the Quantas tigh up addresses the latter. 95 00:04:55,520 --> 00:04:57,560 Speaker 1: Indeed, all right, last one. Story number five, there are 96 00:04:57,560 --> 00:05:01,200 Speaker 1: a couple of significant tariff related stories over the past 97 00:05:01,200 --> 00:05:04,200 Speaker 1: twenty four hours. Sean, the big one chip maker and 98 00:05:04,320 --> 00:05:07,719 Speaker 1: videos share price tumbled more than six percent yesterday morning 99 00:05:07,760 --> 00:05:11,120 Speaker 1: after an outstay five and a half billion US dollar charge, 100 00:05:11,360 --> 00:05:14,240 Speaker 1: saying it now requires a license to export its eight 101 00:05:14,440 --> 00:05:17,080 Speaker 1: twenty processes to China and other countries. 102 00:05:17,360 --> 00:05:19,800 Speaker 2: And that's a requirement of the US government. Of course, 103 00:05:19,800 --> 00:05:22,520 Speaker 2: it comes as Washington and China remain and broiled in 104 00:05:22,600 --> 00:05:25,040 Speaker 2: a trade war. This is where the rubber hits the 105 00:05:25,120 --> 00:05:28,039 Speaker 2: road when it comes to that trade war. Also yesterday, 106 00:05:28,080 --> 00:05:32,280 Speaker 2: another interesting flow on to emerge. Hong Kong's Postal Service 107 00:05:32,480 --> 00:05:35,120 Speaker 2: will stop shipping goods bound for the United States in 108 00:05:35,160 --> 00:05:38,560 Speaker 2: response to what it calls bulling tariff hikes by US 109 00:05:38,640 --> 00:05:43,000 Speaker 2: President Donald Trump. Fascinating to see how these tariffs are 110 00:05:43,040 --> 00:05:44,120 Speaker 2: affecting the real world. 111 00:05:44,360 --> 00:05:46,640 Speaker 1: Absolutely, all right, there we go the top five business 112 00:05:46,680 --> 00:05:49,400 Speaker 1: stories in five minutes. Thank you very much, Sean, Thank you, Michael. 113 00:05:49,480 --> 00:05:52,680 Speaker 1: It is Thursday, the seventeenth of April twenty twenty five. 114 00:05:52,760 --> 00:05:55,440 Speaker 1: Remember to hit follow on the podcast, and if five 115 00:05:55,480 --> 00:05:57,960 Speaker 1: minutes isn't enough, you can find our longer daily show 116 00:05:58,000 --> 00:06:01,600 Speaker 1: called Fear and Greed where Heavulous the podcast. I'm Michael Thompson, 117 00:06:01,640 --> 00:06:03,680 Speaker 1: and that was the past five Business news by fear 118 00:06:03,720 --> 00:06:07,720 Speaker 1: and greed. Have a great day.