It's Friday, the fourth 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 in just five minutes. I'm Michael Thompson and good morning Sean Aylmer. Good morning Michael, Sean. Five stories in five minutes. Five big ones to get through. Actually story number one. Donald Trump's Liberation Day tariffs have sent share markets tumbling, pushed the uzzie dollar lower, and opened the way significantly for several interest rate cuts in Australia later this year.

It's Friday, the fourth 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 in just five minutes. I'm Michael Thompson and good morning Sean Aylmer. Good morning Michael, Sean. Five stories in five minutes. Five big ones to get through. Actually story number one. Donald Trump's Liberation Day tariffs have sent share markets tumbling, pushed the uzzie dollar lower, and opened the way significantly for several interest rate cuts in Australia later this year.

That's what market economists think. Yesterday morning, Donald Trump announced across the board ten percent tariffs on everyone selling to the US. While countries is still more to America than they buy and thus have a trade surplus, will be hit with much higher impulse. The breadth of the tariff's surprised traders, many of whom were hoping for a watered down version of protectionism. The consensus view is that the tariffs will slow economic growth considerably. That's global economic growth that will hurt the local economy. The local share market fell on opening by about two percent, finished about one percent lower. The Aussie dollar was hit immediately, though it finished at about sixty two and a half US cents. The price of gold at a new record above three one hundred and sixty US dollars. An ounce market economists of the slow down and global growth will feed through to the local economy. Reserve Bank will need to cut rates to boost growth. In fact, bond markets are now priced in a one hundred percent chance of a rate cut on May twenty.

That's what market economists think. Yesterday morning, Donald Trump announced across the board ten percent tariffs on everyone selling to the US. While countries is still more to America than they buy and thus have a trade surplus, will be hit with much higher impulse. The breadth of the tariff's surprised traders, many of whom were hoping for a watered down version of protectionism. The consensus view is that the tariffs will slow economic growth considerably. That's global economic growth that will hurt the local economy. The local share market fell on opening by about two percent, finished about one percent lower. The Aussie dollar was hit immediately, though it finished at about sixty two and a half US cents. The price of gold at a new record above three one hundred and sixty US dollars. An ounce market economists of the slow down and global growth will feed through to the local economy. Reserve Bank will need to cut rates to boost growth. In fact, bond markets are now priced in a one hundred percent chance of a rate cut on May twenty.

Sean which local companies? This is a story number two because this is such a big story that it's worth actually going into some detail in the market reaction local companies. Which ones are going to be hit hardest out of all of this.

Sean which local companies? This is a story number two because this is such a big story that it's worth actually going into some detail in the market reaction local companies. Which ones are going to be hit hardest out of all of this.

So a bunch of companies release statements explaining how the tariff announcement hits them, Specifically, Protective equipment maker an Sell manufacturers in China major exporders to the US. Its share price was down thirteen and a half percent. Global luxury fashion platform Seti its share price tumbled after saying it will probably be forced to push up prices in its key market, the US after European made goods were hit with tariffs. Treasure Jina State says it expects some disruption, though we didn't want to overstate it. Its share price ended down one and a half percent, a little bit sorry for Brevel. It manufactures more than ninety percent of its products in China, cells about forty five percent of the US. It's been trying to diversify its manufacturing away to other countries in fear of these tariffs. It's actually pushed into Mexico, Indonesian and Cambodia or countries hit with big tariffs. There were he is very unlucky. There were some local winner's Bluescope Steel has a big factory in Ohio. Its products will become more competitive, and in fact, its share price rose yesterday.

So a bunch of companies release statements explaining how the tariff announcement hits them, Specifically, Protective equipment maker an Sell manufacturers in China major exporders to the US. Its share price was down thirteen and a half percent. Global luxury fashion platform Seti its share price tumbled after saying it will probably be forced to push up prices in its key market, the US after European made goods were hit with tariffs. Treasure Jina State says it expects some disruption, though we didn't want to overstate it. Its share price ended down one and a half percent, a little bit sorry for Brevel. It manufactures more than ninety percent of its products in China, cells about forty five percent of the US. It's been trying to diversify its manufacturing away to other countries in fear of these tariffs. It's actually pushed into Mexico, Indonesian and Cambodia or countries hit with big tariffs. There were he is very unlucky. There were some local winner's Bluescope Steel has a big factory in Ohio. Its products will become more competitive, and in fact, its share price rose yesterday.

Okay, moving on to story number three. Now A and Z will be forced to hold an extra two hundred and fifty million dollars on its balance sheet after the banking regulator said had had long standing concerns about the bank's risk management and culture.

Okay, moving on to story number three. Now A and Z will be forced to hold an extra two hundred and fifty million dollars on its balance sheet after the banking regulator said had had long standing concerns about the bank's risk management and culture.

Essentially, APRA, which is a regulator, says A and Z's risk management isn't good enough and it's an institute today sort of a type of insurance. I suppose it needs to hold an extra two hundred and fifty million dollars reserve. APPA talked about persistent and prevalent problems with oversight of non financial risk, and said the risk culture was reactive. Aine Z chair Paulo Sullivan said it's cleared the bank had worked to do an independent review by consultants. Oliver Wyman says there's no evidence of widespread or systemic misconduct and they were all described the bank's culture as positive. However, it criticized bank leaders for not taking proper action when misconduct, including bullying and substance abuse was reported.

Essentially, APRA, which is a regulator, says A and Z's risk management isn't good enough and it's an institute today sort of a type of insurance. I suppose it needs to hold an extra two hundred and fifty million dollars reserve. APPA talked about persistent and prevalent problems with oversight of non financial risk, and said the risk culture was reactive. Aine Z chair Paulo Sullivan said it's cleared the bank had worked to do an independent review by consultants. Oliver Wyman says there's no evidence of widespread or systemic misconduct and they were all described the bank's culture as positive. However, it criticized bank leaders for not taking proper action when misconduct, including bullying and substance abuse was reported.

Story number four. Sales of Tesla cars in Australia plunged fifty three percent in March and a down almost sixty percent for the first three months of twenty twenty five. This is according to the Electric Vehicle Council.

Story number four. Sales of Tesla cars in Australia plunged fifty three percent in March and a down almost sixty percent for the first three months of twenty twenty five. This is according to the Electric Vehicle Council.

The Council said twenty eight hundred and twenty nine Tesla vehicles were sold in March and Australia, compared to more than six thousand twelve months ago. Sales for Pollstar. The other full ev that reports through the Council were up one hundred and fourteen percent. Now sales of plug in hybrid vehicles though they jumped nearly four hundred percent. Obviously, that's where Ossie's are buying sales and Australia have suffered or sales of Tesla in Australia have suffered from Elon Musk's relationship with Donald Trump, falling resale values and a changeover to a new Tesla Model Y vehicle, with first deliveries not expected until next month.

The Council said twenty eight hundred and twenty nine Tesla vehicles were sold in March and Australia, compared to more than six thousand twelve months ago. Sales for Pollstar. The other full ev that reports through the Council were up one hundred and fourteen percent. Now sales of plug in hybrid vehicles though they jumped nearly four hundred percent. Obviously, that's where Ossie's are buying sales and Australia have suffered or sales of Tesla in Australia have suffered from Elon Musk's relationship with Donald Trump, falling resale values and a changeover to a new Tesla Model Y vehicle, with first deliveries not expected until next month.

Last one story number five. There was a run of news over the last twenty four hours around tech stocks, Tesla, TikTok, and Donald Trump's media group.

Last one story number five. There was a run of news over the last twenty four hours around tech stocks, Tesla, TikTok, and Donald Trump's media group.

Yes, so starting with Tesla. Deliveries of evs globally, we're just talking about Australia globally fell in the first three months of the year, making it the worst quarter since twenty twenty two. That's on the back of a consumer backlash in Europe, fierce competition in China, and weakness in the US. Tesla delivered three hundred and thirty seven thousand cars in the March quarter byd four hundred and sixteen thousand, so quite a bit bigger now. Tesla's share price fell as much as six percent on the news on too TikTok. The White House is close to agreeing to a deal for the US investor or investors, we don't know who. There was rumors that might have been Amazon don't know about that will buy TikTok's American operation, taking control from its Chinese owners. It will ensure the app remains operational in the US, and Chairs and Trump Media and Technology Group tumbled after the President opened the way to him selling his entire two point three billion dollar steak. The group operates Truth Social, which of course, is the social media platform of choice for the President. In a filing with the regulator, the group said it planned to sell one hundred and forty two million chairs, though Trump Media itself described the announcement as a routine filing.

Yes, so starting with Tesla. Deliveries of evs globally, we're just talking about Australia globally fell in the first three months of the year, making it the worst quarter since twenty twenty two. That's on the back of a consumer backlash in Europe, fierce competition in China, and weakness in the US. Tesla delivered three hundred and thirty seven thousand cars in the March quarter byd four hundred and sixteen thousand, so quite a bit bigger now. Tesla's share price fell as much as six percent on the news on too TikTok. The White House is close to agreeing to a deal for the US investor or investors, we don't know who. There was rumors that might have been Amazon don't know about that will buy TikTok's American operation, taking control from its Chinese owners. It will ensure the app remains operational in the US, and Chairs and Trump Media and Technology Group tumbled after the President opened the way to him selling his entire two point three billion dollar steak. The group operates Truth Social, which of course, is the social media platform of choice for the President. In a filing with the regulator, the group said it planned to sell one hundred and forty two million chairs, though Trump Media itself described the announcement as a routine filing.

All right, there we go, the top five business stories in five minutes. Thank you Sean, Thank you Michael. It is Friday, the fourth of April twenty twenty five. Remember to hit follow on the podcast and five minutes isn't enough. You can find our longer daily show called Fear and Greed wherever you listen to podcasts. I'm Michael Thompson and that was the fast five business news by Fear and Greed. Have a great day.

All right, there we go, the top five business stories in five minutes. Thank you Sean, Thank you Michael. It is Friday, the fourth of April twenty twenty five. Remember to hit follow on the podcast and five minutes isn't enough. You can find our longer daily show called Fear and Greed wherever you listen to podcasts. I'm Michael Thompson and that was the fast five business news by Fear and Greed. Have a great day.