Welcome to the weekend edition of the Fast five Business News by Fear and Greed. I'm Michael Thompson and Hello Sean Aylmer, Oho Michael shan On weekdays, it's all about the Fast five over the top five business stories in five minutes. On the weekend, we still keep it to five minutes, of course, but we're going to pick out the biggest business story of the week, the most remarkable story, a mystery category that changes every week, and then our favorite story. Let's jump into it. What was the biggest business story of the week? No brainer?

Welcome to the weekend edition of the Fast five Business News by Fear and Greed. I'm Michael Thompson and Hello Sean Aylmer, Oho Michael shan On weekdays, it's all about the Fast five over the top five business stories in five minutes. On the weekend, we still keep it to five minutes, of course, but we're going to pick out the biggest business story of the week, the most remarkable story, a mystery category that changes every week, and then our favorite story. Let's jump into it. What was the biggest business story of the week? No brainer?

Really. Tariff implementation. Quite an incredible week. They began. They kicked in all sorts of tariffs somewhere between ten percent and forty nine percent. No one quite knows that. Well, we know how that was worked out, but no one thinks it makes much sense that they were put at those rates. We had Donald Trump coming out increasing tariffs on China. China retaliated, Donald Trump retaliated again. Bye, Well is that only really for about twelve hours or so? We had these tariff's in place that sent equities absolutely tumbling. Bond markets were sold off, a total crisis in financial markets. Things like the ozidollar, felblo sixty cents, gold at a new record high, a total restructure of the world trade order briefly, and total crisis in financial markets.

Really. Tariff implementation. Quite an incredible week. They began. They kicked in all sorts of tariffs somewhere between ten percent and forty nine percent. No one quite knows that. Well, we know how that was worked out, but no one thinks it makes much sense that they were put at those rates. We had Donald Trump coming out increasing tariffs on China. China retaliated, Donald Trump retaliated again. Bye, Well is that only really for about twelve hours or so? We had these tariff's in place that sent equities absolutely tumbling. Bond markets were sold off, a total crisis in financial markets. Things like the ozidollar, felblo sixty cents, gold at a new record high, a total restructure of the world trade order briefly, and total crisis in financial markets.

Yeah, and the other extraordinary part of this then was the backflip because early Thursday morning, Donald Trump announced the pause appause on most of those reciprocal tariffs, kind of ninety days of breathing space for countries like Cambodia and Vietnam, and within the EU and Japan, everyone with big tariffs reduced to just the ten percent rate that has been imposed on good friends like Australia. Markets took off Wall Street up more than kind of ten percent, best days since the gfc ASX best day in five years. China unfortunately didn't show enough respect and as a result, they first had tariffs of one hundred and twenty five percent, then the bit of a recalculation by the White House and they realized it was actually one hundred and forty five percent, and there was an invitation for countries to negotiate those baseline tariffs down below the ten percent. But really we now end the week with more uncertainty, having had a backflip, a temporary reprieve. Markets tumbling, then soaring, then tumbling again, the trade war, continuing, uncertainty reigns supreme shown crazy.

Yeah, and the other extraordinary part of this then was the backflip because early Thursday morning, Donald Trump announced the pause appause on most of those reciprocal tariffs, kind of ninety days of breathing space for countries like Cambodia and Vietnam, and within the EU and Japan, everyone with big tariffs reduced to just the ten percent rate that has been imposed on good friends like Australia. Markets took off Wall Street up more than kind of ten percent, best days since the gfc ASX best day in five years. China unfortunately didn't show enough respect and as a result, they first had tariffs of one hundred and twenty five percent, then the bit of a recalculation by the White House and they realized it was actually one hundred and forty five percent, and there was an invitation for countries to negotiate those baseline tariffs down below the ten percent. But really we now end the week with more uncertainty, having had a backflip, a temporary reprieve. Markets tumbling, then soaring, then tumbling again, the trade war, continuing, uncertainty reigns supreme shown crazy.

What's the most remarkable story for you?

What's the most remarkable story for you?

Just quickly? The federal election campaign, which again has just been drowned out by everything else that's going on. But we are getting inching closer to the election. We're actually getting some real policies now. It's quite remarkable, isn't it. The coalition had policies on gas and energy and a twenty billion dollar future fund for the Bush Labour had a two point three billion dollar home battery program, of billion dollars in mental health spending, a lot of other bits and pieces. The headline was probably the debate, which I mean for a headline, was a fairly lackluster affair, wasn't it? Fairly flat, fairly kind of humorless, fairly steady, which I don't actually think a bad thing for our political leaders? Love was most remarkable for you?

Just quickly? The federal election campaign, which again has just been drowned out by everything else that's going on. But we are getting inching closer to the election. We're actually getting some real policies now. It's quite remarkable, isn't it. The coalition had policies on gas and energy and a twenty billion dollar future fund for the Bush Labour had a two point three billion dollar home battery program, of billion dollars in mental health spending, a lot of other bits and pieces. The headline was probably the debate, which I mean for a headline, was a fairly lackluster affair, wasn't it? Fairly flat, fairly kind of humorless, fairly steady, which I don't actually think a bad thing for our political leaders? Love was most remarkable for you?

I thought the fact that James Hardy's chair An Lloyd, had to meet with institutional investors over this backlash to the merger with a US company called Aaseek. Five billion dollars has been stripped from James Hardy's company since the announcement. Now some of that is market volatilities, so it can't just be the deal with AASEEK. But essentially, what's going to happen James Hardy, it'll move its listing to the New York Stock Exchange, takeover AASEEC, and local institutional shareholders do not like it. It's a fourteen billion dollar merger, but they don't get a vote on it. The aaseex shareholders do. I think it's remarkable just how poorly institutional shareholders have taken this particular deal. And maybe the remarkable part is that James Hardy didn't realize ahead of time.

I thought the fact that James Hardy's chair An Lloyd, had to meet with institutional investors over this backlash to the merger with a US company called Aaseek. Five billion dollars has been stripped from James Hardy's company since the announcement. Now some of that is market volatilities, so it can't just be the deal with AASEEK. But essentially, what's going to happen James Hardy, it'll move its listing to the New York Stock Exchange, takeover AASEEC, and local institutional shareholders do not like it. It's a fourteen billion dollar merger, but they don't get a vote on it. The aaseex shareholders do. I think it's remarkable just how poorly institutional shareholders have taken this particular deal. And maybe the remarkable part is that James Hardy didn't realize ahead of time.

Yeah. Indeed, the mystery category this week, Sean is kind of worthy stories that probably aren't getting enough attention. Yes, so let's give them a little bit of attention. What did you like?

Yeah. Indeed, the mystery category this week, Sean is kind of worthy stories that probably aren't getting enough attention. Yes, so let's give them a little bit of attention. What did you like?

I like the one where km off Back and Westpac considering removing the sixteen digit numbers from their credit indibit cards and move master card argues will reduce fraud by preventing criminal hackers from stealing card details. In short, no numbs on cards means people actually, if you lose your card, people can't use those cards to rip you off it's still some way away. It probably needs to be replaced by something they call click to play, and while online payments using an email address and biometric data rather than a card number a bit to play out on this one, Michael, but I think it's really fascinating the.

I like the one where km off Back and Westpac considering removing the sixteen digit numbers from their credit indibit cards and move master card argues will reduce fraud by preventing criminal hackers from stealing card details. In short, no numbs on cards means people actually, if you lose your card, people can't use those cards to rip you off it's still some way away. It probably needs to be replaced by something they call click to play, and while online payments using an email address and biometric data rather than a card number a bit to play out on this one, Michael, but I think it's really fascinating the.

Other one, which is in a similar space. Sean comments by Australia's National Cybersecurity Coordinator, Lieutenant General Michelle McGinness about the fact that we need to be vigilant about our passwords because, as she said that cyber criminals often take advantage of uncertainty, and there are certainly a lot of uncertainty out there at the moment. We need to be using password managers. We need different complex phrases to gain access to every single account, which I think would probably come as a shock to everyone who uses just variations of one kind of single thing. And you need to have two fact or multi factor authentication as well set up as well. Again, it is a worthy worthy story needs to get more attention to try and protect people's details.

Other one, which is in a similar space. Sean comments by Australia's National Cybersecurity Coordinator, Lieutenant General Michelle McGinness about the fact that we need to be vigilant about our passwords because, as she said that cyber criminals often take advantage of uncertainty, and there are certainly a lot of uncertainty out there at the moment. We need to be using password managers. We need different complex phrases to gain access to every single account, which I think would probably come as a shock to everyone who uses just variations of one kind of single thing. And you need to have two fact or multi factor authentication as well set up as well. Again, it is a worthy worthy story needs to get more attention to try and protect people's details.

I agree. What was your favorite story for the week?

I agree. What was your favorite story for the week?

Favorite story? Jamie Diamond, who is the boss of JP Morgan, biggest bank in the US, just telling it like it is this week having a crack of people checking their phones and emails in meetings, saying he always gives one hundred percent of his attention to whatever meeting he's in. It's time for others in the organization to do the same. Sean, this is the beginning I suspect of an etiquette revolution.

Favorite story? Jamie Diamond, who is the boss of JP Morgan, biggest bank in the US, just telling it like it is this week having a crack of people checking their phones and emails in meetings, saying he always gives one hundred percent of his attention to whatever meeting he's in. It's time for others in the organization to do the same. Sean, this is the beginning I suspect of an etiquette revolution.

I hope so I can't argue with that. They'll go with that one too.

I hope so I can't argue with that. They'll go with that one too.

All right, there we go five minutes and pretty much everything you need to know in the world of business.

All right, there we go five minutes and pretty much everything you need to know in the world of business.

Thank you very much, Sewan, Thank you, Michael.

Thank you very much, Sewan, 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 and head along to Fearangreed dot com Today you and sign up for our free daily newsletter. 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 and head along to Fearangreed dot com Today you and sign up for our free daily newsletter. I'm Michael Thompson and this is the fast five business news by Fear and Greed.