Speaker 1: From The Daily Os. I'm Zara Seidler, I'm Emily Donahue.
Speaker 1: It's Wednesday, the seventh of January. Here's what's making headlines
Speaker 1: this evening.
Speaker 2: Emergency level bushfires have ignited and residents are being urged
Speaker 2: to leave amid some of the worst heat wave conditions
Speaker 2: in years. The conditions may be the worst since the
Speaker 2: twenty nineteen twenty twenty summer bush fires that killed more
Speaker 2: than thirty people and burned through millions of hectares of land.
Speaker 2: At the time of recording, an emergency level fire is
Speaker 2: burning out of control on the New South Wales Victoria
Speaker 2: border at bunjal Grana and the lug Along east of
Speaker 2: aubury Wodonga. Residents are being told to leave immediately before
Speaker 2: conditions become too dangerous.
Speaker 1: The annual inflation rate decreased to three point four percent
Speaker 1: in November, according to the Australian Bureau of Statistics, with
Speaker 1: that figure coming down from three point eight percent previously.
Speaker 1: The trimmed mean fell from three point three percent three
Speaker 1: point two percent, though it still remains outside the Reserve
Speaker 1: banks two to three percent target range. This is often
Speaker 1: seen as a more accurate figure to understand longer term
Speaker 1: changes as it excludes volatile price changes, including things like petrol.
Speaker 1: The next rate cut decision will be made by the
Speaker 1: RBA on the third of February.
Speaker 2: Venezuela and the US have reached a deal to export
Speaker 2: up to two billion US dollars worth of Venezuelan oil
Speaker 2: to the country. In a social media post on Tuesday,
Speaker 2: President Donald Trump said Venezuela will be quote turning over
Speaker 2: between thirty and fifty million barrels of sanctioned oil to
Speaker 2: the US. Trump claimed the deal with divert supplies from
Speaker 2: China while helping Venezuela avoid deeper oil production costs. Trump
Speaker 2: has previously said he wants interim Venezuelan president Delci Rodriguez
Speaker 2: to give the US and private companies quote total access
Speaker 2: to Venezuela's oil industry.
Speaker 1: And the good news. The park's Elvis Festival has kicked off,
Speaker 1: with hundreds of Elvis fans gathering for the annual festival.
Speaker 2: This year.
Speaker 1: The theme of the festival is love Me Tender and
Speaker 1: Don't worry I won't sing it for you will all.
Speaker 1: But the festival does attract more than twenty five thousand
Speaker 1: Elvis lovers each year with Park's man Neil Westercott saying
Speaker 1: We're going to laugh at ourselves and each other and
Speaker 1: do it to the most incredible background of Elvis music.
Speaker 2: That's the latest from the Daily oz newsroom. If you're
Speaker 2: looking for a little more news, you can catch up
Speaker 2: on this morning's deep dive into the cause for a
Speaker 2: Royal Commission into Anti Semitism.
Speaker 1: We will of course be back with a lather deep
Speaker 1: dives tomorrow morning, but until then, have a great evening.
Speaker 1: My name is Lily Maddon and I'm a proud Arunda
Speaker 1: Bungelung Cargoton woman from Gadigl Country. The Daily oz acknowledges
Speaker 1: that this podcast is recorded on the lands of the
Speaker 1: Gadighl people and pays respect to all Aboriginal and Torres
Speaker 1: Strait Island and nations. We pay our respects to the
Speaker 1: first peoples of these countries, both past and present.