It's Wednesday, the second of April twenty twenty five. Welcome to the Fast five Business News by Fear and Greed, where we give you the top five business stories you need to know when just five minutes. I'm Michael Thompson and good morning Sean Ale. Good morning, Michael, Sean five stories, five minutes. Let's go Story number one. There will be no pre election rate cut, with the Reserve Bank yesterday keeping the official cash rate on hold, but it says it's ready to cut rates if the Trump tariffs trigger a recessioned. Similarly, it is ready to hike rates if inflation starts to rise again in.

It's Wednesday, the second of April twenty twenty five. Welcome to the Fast five Business News by Fear and Greed, where we give you the top five business stories you need to know when just five minutes. I'm Michael Thompson and good morning Sean Ale. Good morning, Michael, Sean five stories, five minutes. Let's go Story number one. There will be no pre election rate cut, with the Reserve Bank yesterday keeping the official cash rate on hold, but it says it's ready to cut rates if the Trump tariffs trigger a recessioned. Similarly, it is ready to hike rates if inflation starts to rise again in.

Leaving rates on hold. After the Reserve Bank Board met yesterday, the Central Bank singled out recent US tariff announcements, saying they're having an effect on confidence globally likely to be amplified if the scape of tariff's widens now it comes ahead of Donald Trump announcing reciprocal tariffs in the next twenty four hours. Let's say the Reserve banks of the tariffs could send inflation higher or lower. Governor Michelle Bullock said she expects some permanency in the current round of those tariffs. It's the first meeting of the newly formed Reserve Bank Monetary Policy Board included two new members. The Bullock said the announcement of no change to rates was a consensus decision. That's not unanimous, Michael, just consensus. The governor said the board was gradually getting more confident about interests, about inflation. In fact, she said current rate settings are mildly restricted, but she's still a bit worried about the labor market.

Leaving rates on hold. After the Reserve Bank Board met yesterday, the Central Bank singled out recent US tariff announcements, saying they're having an effect on confidence globally likely to be amplified if the scape of tariff's widens now it comes ahead of Donald Trump announcing reciprocal tariffs in the next twenty four hours. Let's say the Reserve banks of the tariffs could send inflation higher or lower. Governor Michelle Bullock said she expects some permanency in the current round of those tariffs. It's the first meeting of the newly formed Reserve Bank Monetary Policy Board included two new members. The Bullock said the announcement of no change to rates was a consensus decision. That's not unanimous, Michael, just consensus. The governor said the board was gradually getting more confident about interests, about inflation. In fact, she said current rate settings are mildly restricted, but she's still a bit worried about the labor market.

The comments about inflation are positive. Seemed to think that the Reserve Bank is getting control over inflation. What about economic.

The comments about inflation are positive. Seemed to think that the Reserve Bank is getting control over inflation. What about economic.

Growth, Well, i'll quote Michelle Bullock, we in fact forecast that growth will pick up a bit as people are starting to spend a bit more. We expect that to continue. We're not forecasting recession in Australia over the next twelve months, of course, and she added that as plenty of its uncertainty around the place, as Reserve bankers do. Asked about the looming election, she said it didn't play a role in interstrate deliberations.

Growth, Well, i'll quote Michelle Bullock, we in fact forecast that growth will pick up a bit as people are starting to spend a bit more. We expect that to continue. We're not forecasting recession in Australia over the next twelve months, of course, and she added that as plenty of its uncertainty around the place, as Reserve bankers do. Asked about the looming election, she said it didn't play a role in interstrate deliberations.

Okay, moving on to story number two now. On the eve of President Donald Trump outlining reciprocal tariffs against trading partners, Prime Minister Anthony Abernezi has hit out at US complaints involving the local pharmaceutical benefits, scaled, the news bargaining code, and biosecurity.

Okay, moving on to story number two now. On the eve of President Donald Trump outlining reciprocal tariffs against trading partners, Prime Minister Anthony Abernezi has hit out at US complaints involving the local pharmaceutical benefits, scaled, the news bargaining code, and biosecurity.

Donald Trump has formally accepted long standing grievances over Australia's subsidized medicine scheme, agricultural biosecurity rules, and regulators forcing tech giants to pay local news organizations for content. The US's annual Foreign Trade Barriers Report lists what American officials regard as de facto protectionist measures discriminating against US exports. It comes ahead of the US imposing sweeping tariffs globally. We will hear about those in the next twenty four hours or so. That annual report could be the basis of what's considered a tariff now anything. The alb An Easy campaigning at Adelaide said, and I quit. I very clearly indicated Australia is not negotiating of the pharmaceutical benefit scheme, we are not negotiating of the news bargaining code. We will not undermine our biosecurity, okay.

Donald Trump has formally accepted long standing grievances over Australia's subsidized medicine scheme, agricultural biosecurity rules, and regulators forcing tech giants to pay local news organizations for content. The US's annual Foreign Trade Barriers Report lists what American officials regard as de facto protectionist measures discriminating against US exports. It comes ahead of the US imposing sweeping tariffs globally. We will hear about those in the next twenty four hours or so. That annual report could be the basis of what's considered a tariff now anything. The alb An Easy campaigning at Adelaide said, and I quit. I very clearly indicated Australia is not negotiating of the pharmaceutical benefit scheme, we are not negotiating of the news bargaining code. We will not undermine our biosecurity, okay.

Story number three. Woolworths Sean has been cutting prices hard to reduce the gap between its groceries and those at discounter.

Story number three. Woolworths Sean has been cutting prices hard to reduce the gap between its groceries and those at discounter.

Ali the gap and then last month fell to their lowest level in two years. According to a report from JP Morgan, Coles's price premium over Aldi also dropped. Now JP Morgan checked one hundred home brand products across the big supermarket groups found items at Woollies and Coals with seven eight point five percent more expensive than Aldi, respectively. That's actually better than it was. JP Morgan says both major supermarkets for attempting to reposition their value perception ahead of the Competition Watchdog's final report into the industry and of course, ahead of the election where cost of living is a major issue. Meanwhile, Consumer Advacy Group Choices December quarterly grocery Basket survey said Aldi's definitely the cheapest choice. Has been provided with government funds to research supermarket prices at Aldi, Woollies, Coals and IgA.

Ali the gap and then last month fell to their lowest level in two years. According to a report from JP Morgan, Coles's price premium over Aldi also dropped. Now JP Morgan checked one hundred home brand products across the big supermarket groups found items at Woollies and Coals with seven eight point five percent more expensive than Aldi, respectively. That's actually better than it was. JP Morgan says both major supermarkets for attempting to reposition their value perception ahead of the Competition Watchdog's final report into the industry and of course, ahead of the election where cost of living is a major issue. Meanwhile, Consumer Advacy Group Choices December quarterly grocery Basket survey said Aldi's definitely the cheapest choice. Has been provided with government funds to research supermarket prices at Aldi, Woollies, Coals and IgA.

Storry number four. Let's talk streaming Sean Warner Brothers Discovery Max launched this week in Australia. It'll cost eleven ninety nine a month if you don't want ads. If you want premium, it'll be seventeen ninety nine. It's big selling point, right is HBO. A lot of programs from the Sopranos to succession, but it is entering a very crowded market very much.

Storry number four. Let's talk streaming Sean Warner Brothers Discovery Max launched this week in Australia. It'll cost eleven ninety nine a month if you don't want ads. If you want premium, it'll be seventeen ninety nine. It's big selling point, right is HBO. A lot of programs from the Sopranos to succession, but it is entering a very crowded market very much.

Netflix still the king six point two million subscribers, about eighteen ninety nine AD free really to go to streaming service Number two in Australia, Amazon Prime Video four point eight million subscribers. Helps because you get free delivery with your Amazon products when you have Amazon Prime Video about twelve nine to nine a month with if you don't want ads, Disney plus three point one million twenty one bucks add free stand two point six million. Now it was number two now number four. Big questions around what nine its owner will do, particularly if itselves it's do main asset Primount plus one point eight million, Binge one point six million. Apple TV don't know its subscriber numbers. It's about twelve nine to nine a month, though it is a much narrower amount of content because Apple actually doesn't do third party content.

Netflix still the king six point two million subscribers, about eighteen ninety nine AD free really to go to streaming service Number two in Australia, Amazon Prime Video four point eight million subscribers. Helps because you get free delivery with your Amazon products when you have Amazon Prime Video about twelve nine to nine a month with if you don't want ads, Disney plus three point one million twenty one bucks add free stand two point six million. Now it was number two now number four. Big questions around what nine its owner will do, particularly if itselves it's do main asset Primount plus one point eight million, Binge one point six million. Apple TV don't know its subscriber numbers. It's about twelve nine to nine a month, though it is a much narrower amount of content because Apple actually doesn't do third party content.

Last one story Number five Tinder Sean has unveiled an in app game that invites users to flirt with artificially intelligent chatbots as part of a larger effort to return the dating app to growth by boosting user engagement.

Last one story Number five Tinder Sean has unveiled an in app game that invites users to flirt with artificially intelligent chatbots as part of a larger effort to return the dating app to growth by boosting user engagement.

It's part proof of concept part marketing stunt, according to Bloomberg and Tinders, using open ais Chat GPT to generate short, highly exaggerated rom com scenarios. Michael, think a stranger reaching for the same shopping basket at a grocery store, or someone whose luggage got switched up with yours at the airport baggage carousel. In talking to the bot which initiates the scene, users can accumulate points for warmth and curiosity, receive real time feedback on their responses, and ultimately win. The game plays a limited to five per day, about three per minutes. Apparently it helps you get better at Tinder.

It's part proof of concept part marketing stunt, according to Bloomberg and Tinders, using open ais Chat GPT to generate short, highly exaggerated rom com scenarios. Michael, think a stranger reaching for the same shopping basket at a grocery store, or someone whose luggage got switched up with yours at the airport baggage carousel. In talking to the bot which initiates the scene, users can accumulate points for warmth and curiosity, receive real time feedback on their responses, and ultimately win. The game plays a limited to five per day, about three per minutes. Apparently it helps you get better at Tinder.

That's it, the top five business stories in five minutes. Thank you very much, Thank you, Michael. It is Wednesday, the second of April twenty twenty five. Remember to hit follow on the podcast, and if five minutes isn't enough, you can find our longer daily show called Fear and Greed whereever you listen to podcasts. I'm Michael Thompson and that was the fast five business news by Fear and Greed. Have a great day.

That's it, the top five business stories in five minutes. Thank you very much, Thank you, Michael. It is Wednesday, the second of April twenty twenty five. Remember to hit follow on the podcast, and if five minutes isn't enough, you can find our longer daily show called Fear and Greed whereever you listen to podcasts. I'm Michael Thompson and that was the fast five business news by Fear and Greed. Have a great day.