1 00:00:03,320 --> 00:00:05,960 Speaker 1: Good morning, and welcome to the Daily os. It's Wednesday, 2 00:00:06,000 --> 00:00:08,680 Speaker 1: the seventh of April. My name is Sam Kazlowski, and 3 00:00:08,720 --> 00:00:11,560 Speaker 1: helping me make sense of today's news is Zara Sidelock. 4 00:00:12,320 --> 00:00:17,599 Speaker 1: Making news today, the cash rate remains unchanged, Turnble dumped, 5 00:00:18,640 --> 00:00:22,279 Speaker 1: some good news about an olympium. 6 00:00:21,280 --> 00:00:25,279 Speaker 2: And a breakdown of the trans Tasman bubble. Here's today's 7 00:00:25,400 --> 00:00:26,320 Speaker 2: daily digest. 8 00:00:27,360 --> 00:00:30,319 Speaker 1: The Reserve Bank of Australia the RBA, has announced the 9 00:00:30,360 --> 00:00:33,440 Speaker 1: cash rate will remain unchanged at zero point one percent, 10 00:00:33,520 --> 00:00:36,120 Speaker 1: in an attempt to boost the economy and encourage spending 11 00:00:36,159 --> 00:00:39,199 Speaker 1: after the effects of the COVID nineteen pandemic. If some 12 00:00:39,240 --> 00:00:41,199 Speaker 1: of these terms are a little foreign to you, we 13 00:00:41,280 --> 00:00:44,000 Speaker 1: wrote an explainer in our newsletter yesterday on what a 14 00:00:44,040 --> 00:00:46,239 Speaker 1: cash rate is and what an interest rate is. It's 15 00:00:46,320 --> 00:00:49,680 Speaker 1: worth a read. But back to yesterday's announcement. The record 16 00:00:49,720 --> 00:00:52,760 Speaker 1: low cash rate is expected to remain until potentially twenty 17 00:00:52,800 --> 00:00:55,680 Speaker 1: twenty five, or until the inflation rate is back between 18 00:00:55,800 --> 00:00:58,880 Speaker 1: around two and three percent. At the end of twenty twenty, 19 00:00:58,880 --> 00:01:01,280 Speaker 1: inflation we was sitting at a zero point nine percent. 20 00:01:02,840 --> 00:01:05,920 Speaker 2: The decision to appoint former PM Malcolm Turnbull as chair 21 00:01:05,920 --> 00:01:08,640 Speaker 2: of the net Zero Missions and Clean Economy Board has 22 00:01:08,680 --> 00:01:11,759 Speaker 2: been overturned by New South Wales Energy Minister Matt Kean. 23 00:01:12,360 --> 00:01:15,679 Speaker 2: In a statement, Minister Keane said it's important that the 24 00:01:15,680 --> 00:01:19,400 Speaker 2: focus is on achieving these outcomes based on facts, technology, 25 00:01:19,520 --> 00:01:22,959 Speaker 2: science and economics. The focus should not be on personality. 26 00:01:23,120 --> 00:01:25,520 Speaker 2: Turnbull said he believed the decision was fueled by quote 27 00:01:25,600 --> 00:01:28,319 Speaker 2: the right wing media. They cracked the whip as bullies do, 28 00:01:28,440 --> 00:01:29,360 Speaker 2: and they got their way. 29 00:01:30,880 --> 00:01:34,679 Speaker 1: Russian President Vladimir Putin has approved legislation that allows him 30 00:01:34,680 --> 00:01:37,880 Speaker 1: to potentially hold office for two additional six year terms. 31 00:01:38,160 --> 00:01:41,959 Speaker 1: This legislation resets presidential term limits, allowing Putin to run 32 00:01:42,000 --> 00:01:44,920 Speaker 1: again after his current term expires in twenty twenty four. 33 00:01:45,480 --> 00:01:48,640 Speaker 1: The legislation was part of a series of constitutional changes 34 00:01:48,640 --> 00:01:51,920 Speaker 1: that Russian citizens voted on last July in a bundle 35 00:01:52,280 --> 00:01:56,800 Speaker 1: rather than on individual separate issues. The public overwhelmingly backed 36 00:01:56,800 --> 00:02:00,640 Speaker 1: the changes. Other changes included economic measures and a ban 37 00:02:00,800 --> 00:02:02,800 Speaker 1: on same sex marriage. 38 00:02:03,760 --> 00:02:07,120 Speaker 2: And to the good news, Japanese swimmer Rikako ike has 39 00:02:07,200 --> 00:02:10,760 Speaker 2: qualified for the Tokyo Olympics two years after being diagnosed 40 00:02:10,800 --> 00:02:14,880 Speaker 2: with leukemia. Ikeh resumed training in March twenty twenty after 41 00:02:14,919 --> 00:02:18,840 Speaker 2: spending the previous ten months fighting leukemia in hospital. She 42 00:02:18,919 --> 00:02:21,560 Speaker 2: won the one hundred meter butterfly at Japan's Olympic Trials 43 00:02:21,560 --> 00:02:24,040 Speaker 2: to qualify for the four x one hundred medley relay 44 00:02:24,120 --> 00:02:26,320 Speaker 2: in the upcoming Games. 45 00:02:27,040 --> 00:02:29,959 Speaker 3: Cabinet was presented with advice today that the conditions for 46 00:02:30,160 --> 00:02:33,920 Speaker 3: opening up quarantine free travel with Australia had been met. 47 00:02:34,520 --> 00:02:37,600 Speaker 3: The Director General of Health considers the risk of transmission 48 00:02:37,760 --> 00:02:41,840 Speaker 3: of COVID nineteen from Australia to New Zealand to now 49 00:02:41,880 --> 00:02:45,480 Speaker 3: be low and that quarantine free travel would be safe 50 00:02:45,560 --> 00:02:46,200 Speaker 3: to commence. 51 00:02:47,040 --> 00:02:51,040 Speaker 2: That was the New Zealand Prime Minister Jasinder Adrn telling 52 00:02:51,200 --> 00:02:55,079 Speaker 2: reporters yesterday that the trans Tasmin bubble would be opening 53 00:02:55,080 --> 00:02:57,919 Speaker 2: on the nineteenth of April, which means that US Ozzie's 54 00:02:58,360 --> 00:03:00,680 Speaker 2: will be able to travel to New zealand And without 55 00:03:00,760 --> 00:03:05,280 Speaker 2: quarantining for two weeks. An exciting milestone in the COVID story. 56 00:03:05,760 --> 00:03:11,600 Speaker 1: Great day to be a bubble. I thought we already 57 00:03:11,600 --> 00:03:14,280 Speaker 1: could go to New Zealand. What's up with this? 58 00:03:14,720 --> 00:03:16,280 Speaker 3: A good day to be a bubble? 59 00:03:16,360 --> 00:03:22,160 Speaker 2: Indeed knows so. Until this announcement yesterday, all Australian states 60 00:03:22,200 --> 00:03:26,560 Speaker 2: besides Wa were accepting new Zealand visitors. But now this 61 00:03:26,720 --> 00:03:30,240 Speaker 2: is the part that is reciprocal, so from the nineteenth 62 00:03:30,320 --> 00:03:33,200 Speaker 2: of April, we'll also be able to go to New Zealand, 63 00:03:33,280 --> 00:03:36,680 Speaker 2: not just accept New Zealand visitors. So the way it 64 00:03:36,720 --> 00:03:39,280 Speaker 2: will work is that there'll be a traffic light system. 65 00:03:39,480 --> 00:03:42,680 Speaker 2: So if we take the example of Queensland from last week, 66 00:03:42,800 --> 00:03:45,720 Speaker 2: if there's a COVID outbreak, there are three possible responses 67 00:03:45,760 --> 00:03:49,520 Speaker 2: that just cinder Adern outlined. Number one, if a case 68 00:03:49,600 --> 00:03:53,000 Speaker 2: is clearly linked to a border worker or quarantine facility, 69 00:03:53,240 --> 00:03:56,280 Speaker 2: the bubble will likely continue. This is because there's usually 70 00:03:56,320 --> 00:03:59,400 Speaker 2: not many mysterious links or causes, so it's easier for 71 00:03:59,440 --> 00:04:02,440 Speaker 2: authorities to trace. Number two, if the case is not 72 00:04:02,560 --> 00:04:05,720 Speaker 2: clearly linked and one of the Australian states responds with 73 00:04:05,760 --> 00:04:09,800 Speaker 2: a lockdown, this could result in flights being paused, and 74 00:04:09,840 --> 00:04:12,320 Speaker 2: this is an interesting one because we've seen states like 75 00:04:12,520 --> 00:04:17,000 Speaker 2: Wa and Queensland react pretty strongly and swiftly to outbreaks. 76 00:04:17,440 --> 00:04:19,800 Speaker 2: And number three, which is the one we hope doesn't happen. 77 00:04:19,920 --> 00:04:23,240 Speaker 2: If there are multiple cases of an unknown origin, that 78 00:04:23,279 --> 00:04:26,440 Speaker 2: could result in flights being suspended and the trans Tasmin 79 00:04:26,480 --> 00:04:28,760 Speaker 2: bubble itself being suspended. 80 00:04:28,720 --> 00:04:29,880 Speaker 1: The bubble would be popped. 81 00:04:33,360 --> 00:04:36,240 Speaker 2: Prime Minister Aden did warn travelers that they should expect 82 00:04:36,240 --> 00:04:39,560 Speaker 2: there to be delayed or disruptions to their travel based 83 00:04:39,600 --> 00:04:42,560 Speaker 2: on what happens across Australia, but we know that all 84 00:04:42,600 --> 00:04:45,240 Speaker 2: too well. Anyone who's tried to book a trip during 85 00:04:45,320 --> 00:04:47,839 Speaker 2: COVID knows that you have to take each booking with 86 00:04:47,920 --> 00:04:50,240 Speaker 2: a grain of salt and that it is at times 87 00:04:50,560 --> 00:04:53,080 Speaker 2: really difficult to go to plan. But that doesn't make 88 00:04:53,160 --> 00:04:54,480 Speaker 2: this any less exciting. 89 00:04:55,080 --> 00:04:57,160 Speaker 1: Do you have to be vaccinated to travel? 90 00:04:57,440 --> 00:04:59,960 Speaker 2: You do not have to be vaccinated, thank you. 91 00:05:00,360 --> 00:05:03,479 Speaker 1: That is all. It'll be interesting to see if airlines 92 00:05:03,480 --> 00:05:07,120 Speaker 1: put up their prices of tickets due to unprecedented demand 93 00:05:07,120 --> 00:05:09,600 Speaker 1: from Australians looking to explore New Zealand. 94 00:05:09,920 --> 00:05:14,080 Speaker 2: As you can tell, Sam's really really interested in airlines 95 00:05:14,240 --> 00:05:14,880 Speaker 2: and travel. 96 00:05:15,320 --> 00:05:17,760 Speaker 1: Plant in the sky means jobs on the ground. And 97 00:05:17,800 --> 00:05:19,360 Speaker 1: that's all we got time for today. But if you 98 00:05:19,360 --> 00:05:21,760 Speaker 1: want to follow the news throughout the day on Instagram, 99 00:05:22,120 --> 00:05:24,960 Speaker 1: follow us on the Daily os. It's where over one 100 00:05:25,000 --> 00:05:27,640 Speaker 1: hundred thousand cool kids get their news every day, and 101 00:05:27,680 --> 00:05:35,640 Speaker 1: we would love you to become part of the community.