Welcome to the weekend edition of the Fast Five. Business News by Fear and Greed are Michael Thompson and Hello Sean Ayle moo Sean. On weekdays, it's all about the Fast five, the top five business stories in five minutes. On the weekend, we still keep it to five minutes, but we are going to pick out the biggest business news story of the week, the most remarkable story, A mystery category changes every week, keeps things a little bit exciting. Flora, Sean and our favorite business ish story. Let's jump into it. The biggest story of the week A bit of a no brainer.

Welcome to the weekend edition of the Fast Five. Business News by Fear and Greed are Michael Thompson and Hello Sean Ayle moo Sean. On weekdays, it's all about the Fast five, the top five business stories in five minutes. On the weekend, we still keep it to five minutes, but we are going to pick out the biggest business news story of the week, the most remarkable story, A mystery category changes every week, keeps things a little bit exciting. Flora, Sean and our favorite business ish story. Let's jump into it. The biggest story of the week A bit of a no brainer.

This one all about tariffs. Donald Trump putting at least ten percent tariffs on pretty much all the US's trading partners. Australily got ten percent. Worst off is China, which is now facing tariff's about fifty four percent. I think the big part of that is what happened to markets, and our local share markets spent two days falling, but that was really the entre. The main meal was what happened in the US Wall Street the S and P five hundred for five percent, about two trillion US dollars wiped off the value of the market. Amazon and n Video were pummel, taking NASDAK to its lowest point since last August. The Russell two thousand, which is a measurable the smaller caps now twenty percent below its previous high. The Bloomberg Billionaires Index says the world's five hundred richest people for their combined worth tumble two hundred and eight billion dollars in one session. Incredible price of gold. That a new high and maybe the silver lining for some homeowners here because tariffs are likely slowed the global economy to slow the local economy and that might mean more interest rate cuts.

This one all about tariffs. Donald Trump putting at least ten percent tariffs on pretty much all the US's trading partners. Australily got ten percent. Worst off is China, which is now facing tariff's about fifty four percent. I think the big part of that is what happened to markets, and our local share markets spent two days falling, but that was really the entre. The main meal was what happened in the US Wall Street the S and P five hundred for five percent, about two trillion US dollars wiped off the value of the market. Amazon and n Video were pummel, taking NASDAK to its lowest point since last August. The Russell two thousand, which is a measurable the smaller caps now twenty percent below its previous high. The Bloomberg Billionaires Index says the world's five hundred richest people for their combined worth tumble two hundred and eight billion dollars in one session. Incredible price of gold. That a new high and maybe the silver lining for some homeowners here because tariffs are likely slowed the global economy to slow the local economy and that might mean more interest rate cuts.

Michael Sean The I mean, the scale of this is just so huge, but the politics of it is also interesting. This is Donald Trump fulfilling an election promise, but from an Australian perspective, it comes in an extraordinary timer in the middle of an election campaign. It gives both Anthony Abenezi and Peter Dutton essentially an external enemy who just happens to be one of our oldest and strongest allies. The negotiations now to try and reduce the tariffs on on Australia will begin with Anthony Aberneze. But we've got an election coming up in a few weeks, so who knows who they'll actually finish with. Anthony Abernezi did make the point this week that it will cause the Australian people to begin questioning their relationship with the US, and others around the world are doing the same. The political ramifications of this are very, very deep as well, Sean, shall we move on to most remarkable?

Michael Sean The I mean, the scale of this is just so huge, but the politics of it is also interesting. This is Donald Trump fulfilling an election promise, but from an Australian perspective, it comes in an extraordinary timer in the middle of an election campaign. It gives both Anthony Abenezi and Peter Dutton essentially an external enemy who just happens to be one of our oldest and strongest allies. The negotiations now to try and reduce the tariffs on on Australia will begin with Anthony Aberneze. But we've got an election coming up in a few weeks, so who knows who they'll actually finish with. Anthony Abernezi did make the point this week that it will cause the Australian people to begin questioning their relationship with the US, and others around the world are doing the same. The political ramifications of this are very, very deep as well, Sean, shall we move on to most remarkable?

Yes, can't tell you what. I think. The most remarkable story is how little people are paying attention to the election. Listener, think of one policy announcement you can remember this week. We'll wait yep, not meaning there was more money for the Melbourne Airport rail link promised by the government. There was more money for Western Sydney from both parties, more money for WA from the Coalition. But broadly, people just haven't dived into the election. Now. A lot of that is about the Donald Trump tariffs and what's going on. But I just think it's remarkable how little people care at the moment.

Yes, can't tell you what. I think. The most remarkable story is how little people are paying attention to the election. Listener, think of one policy announcement you can remember this week. We'll wait yep, not meaning there was more money for the Melbourne Airport rail link promised by the government. There was more money for Western Sydney from both parties, more money for WA from the Coalition. But broadly, people just haven't dived into the election. Now. A lot of that is about the Donald Trump tariffs and what's going on. But I just think it's remarkable how little people care at the moment.

I also reckon it's remarkable how little attention people paid this week to the Reserve Bank.

I also reckon it's remarkable how little attention people paid this week to the Reserve Bank.

Oh true, the board.

Oh true, the board.

Met earlier this week. Obviously, interest rates were left on hold, But I mean, no one really cares who's talking about No, no, this something happened the next day which kind of took all the oxygen.

Met earlier this week. Obviously, interest rates were left on hold, But I mean, no one really cares who's talking about No, no, this something happened the next day which kind of took all the oxygen.

Away in it's a remarkable world we live in. Tell me, we've got a mystery category this week and there is only one winner. It's the best line delivered by someone in authority. Go on.

Away in it's a remarkable world we live in. Tell me, we've got a mystery category this week and there is only one winner. It's the best line delivered by someone in authority. Go on.

It is from the ASSEIC boss, Joe Longo, who you wouldn't expect to be delivering the best line, right because I mean it's a regulator. They're not known for just like snappy zingers. But this week Joe Longo said, there does appear to be an outbreak of issues in the bedroom migrating to the boardroom. What happens in people's personal lives is a matter for them. What the issue for me and the regulator is if that alleged misbehavior starts to impact good governance at the board level and becomes a distraction. And if that's the case, that might be something we are interested in. What Joe Longo has done there is made governance sexy, and there's been a lot of kind of allegations and reporting on wise Tech Global and really it's probably in relation to that, but also just a general warning more broadly, but he's put it into the headlines, hasn't he?

It is from the ASSEIC boss, Joe Longo, who you wouldn't expect to be delivering the best line, right because I mean it's a regulator. They're not known for just like snappy zingers. But this week Joe Longo said, there does appear to be an outbreak of issues in the bedroom migrating to the boardroom. What happens in people's personal lives is a matter for them. What the issue for me and the regulator is if that alleged misbehavior starts to impact good governance at the board level and becomes a distraction. And if that's the case, that might be something we are interested in. What Joe Longo has done there is made governance sexy, and there's been a lot of kind of allegations and reporting on wise Tech Global and really it's probably in relation to that, but also just a general warning more broadly, but he's put it into the headlines, hasn't he?

He Sure it does. It does appear to be an outbreak of issues in the bedroom migrating to the boardroom. Love it?

He Sure it does. It does appear to be an outbreak of issues in the bedroom migrating to the boardroom. Love it?

What was your favorite story show?

What was your favorite story show?

I love the tender story, the one about Tinder and unveiling and in app game that invites users to flirt with artificially intelligent chat bots as part of an effort to return the dating app to growth. It's sort of part proof of concept, part marketing stunt. Basically, they give you a situation. It might be a stranger reaching for the same shopping basket at a grocery store, or someone news of picking up luggage and then getting confused with your own luggage. Remember this is all virtual reality here. You talk to the butt, you get points for I don't know, winning the game by warmth curiosity. That type of thing plays limited to five per day, about three minutes at a time. What's the world coming to now when you've got to practice your romance on a chatbot?

I love the tender story, the one about Tinder and unveiling and in app game that invites users to flirt with artificially intelligent chat bots as part of an effort to return the dating app to growth. It's sort of part proof of concept, part marketing stunt. Basically, they give you a situation. It might be a stranger reaching for the same shopping basket at a grocery store, or someone news of picking up luggage and then getting confused with your own luggage. Remember this is all virtual reality here. You talk to the butt, you get points for I don't know, winning the game by warmth curiosity. That type of thing plays limited to five per day, about three minutes at a time. What's the world coming to now when you've got to practice your romance on a chatbot?

It's good use of technology, really, isn't it? You know it is a good use of technology, Sean, It's probably a more worthwhile use of technology. My favorite story A gut robot, a tiny little robot that scientists have developed and they announce it this week. It can roll through the digestive system to a three D scan of the colon lead from the outside of the body by a magnet, could potentially boost detection of bowel cancer, the second biggest cause of cancer deaths worldwide. I just think this is an amazing advancement in medical technology.

It's good use of technology, really, isn't it? You know it is a good use of technology, Sean, It's probably a more worthwhile use of technology. My favorite story A gut robot, a tiny little robot that scientists have developed and they announce it this week. It can roll through the digestive system to a three D scan of the colon lead from the outside of the body by a magnet, could potentially boost detection of bowel cancer, the second biggest cause of cancer deaths worldwide. I just think this is an amazing advancement in medical technology.

Incredible.

Incredible.

All right, that's a good note to finish on Sean five minutes and pretty much everything you need to know in the world of business.

All right, that's a good note to finish on Sean five minutes and pretty much everything you need to know in the world of business.

Thank you very much, Thank you, Michael.

Thank you very much, Thank you, Michael.

We'll be back on Monday morning with the top five business stories in five minutes. Don't forget to hit follow and join us online on Instagram, TikTok, LinkedIn, Facebook and X. I'm Michael Thompson and this is the fast five business news by Fear and Greed.

We'll be back on Monday morning with the top five business stories in five minutes. Don't forget to hit follow and join us online on Instagram, TikTok, LinkedIn, Facebook and X. I'm Michael Thompson and this is the fast five business news by Fear and Greed.