It's Wednesday, the twenty third 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.

It's Wednesday, the twenty third 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 Shawn.

Good morning, Michael Shawn.

Five stories, five minutes. Let's go a story number one. Anthony Alberanzi and Peter Dutton held the third debate of the election campaign last night, with neither really landing a knockout blow. But you've got to say the debate was the most vigorous of the three so far, with a much improved performance by the opposition leader.

Five stories, five minutes. Let's go a story number one. Anthony Alberanzi and Peter Dutton held the third debate of the election campaign last night, with neither really landing a knockout blow. But you've got to say the debate was the most vigorous of the three so far, with a much improved performance by the opposition leader.

I agree with that the debate was again focused on the cost of living crisis. The Prime Minister focused very much on health, at least initially, the opposition leader on energy costs. On nuclear Peter Dunton did a much better job explaining its benefits that he has really since the campaign started, although ol Anthony Abernezi did do a decent job shooting that down. A lot of talking international relations, particularly how each would deal with the US. China got a good run bit on law and order, a fair bit on the economy. That mostly was about budgets, spending, revenue deficits, that type of stuff. Stuff. Asked about the biggest line in the campaign, Dunton nominated the six hundred billion dollar cost of nuclear that labor always quotes, saying that it's actually the cost of nucleus about one hundred and twenty billion dollars. Albanizey was asked about the biggest lie. I didn't really answer. Talked about healthcare or something I think if I had. The Prime ministers spent quite a bit of time last night talking about stuff that wasn't in the question. He asked about rising insurance costs, he started talking about fee free tap, asked about airbnb, They got a lecture on immigration Sean.

I agree with that the debate was again focused on the cost of living crisis. The Prime Minister focused very much on health, at least initially, the opposition leader on energy costs. On nuclear Peter Dunton did a much better job explaining its benefits that he has really since the campaign started, although ol Anthony Abernezi did do a decent job shooting that down. A lot of talking international relations, particularly how each would deal with the US. China got a good run bit on law and order, a fair bit on the economy. That mostly was about budgets, spending, revenue deficits, that type of stuff. Stuff. Asked about the biggest line in the campaign, Dunton nominated the six hundred billion dollar cost of nuclear that labor always quotes, saying that it's actually the cost of nucleus about one hundred and twenty billion dollars. Albanizey was asked about the biggest lie. I didn't really answer. Talked about healthcare or something I think if I had. The Prime ministers spent quite a bit of time last night talking about stuff that wasn't in the question. He asked about rising insurance costs, he started talking about fee free tap, asked about airbnb, They got a lecture on immigration Sean.

What really kind of stood out to me was that there are a bunch of issues that we didn't hear much about last night, and we haven't actually heard much about them at all throughout the campaign.

What really kind of stood out to me was that there are a bunch of issues that we didn't hear much about last night, and we haven't actually heard much about them at all throughout the campaign.

The bush, rural Australia's small business doesn't mention it last night, but not much education a bit around tape last night. Again not a lot. Haven't heard a huge amount about the environment and pensioners, not just age care workers, but actually the aged Australians asked if he was too stony. Peter Dunton said he is serious in public life because he deals with serious matters. Anthony Albaneze he was asked whether he was too wishy washy. He said kindness isn't a weakness. He said he's capable of making tough decisions. We also get I mean, I also got the sense last night, Michael that the two don't mind each other. I reckon if Anthony ABERANEZEI won the first two. Peter Dunne at least drew perhaps a bit better last night. Personal opinion only.

The bush, rural Australia's small business doesn't mention it last night, but not much education a bit around tape last night. Again not a lot. Haven't heard a huge amount about the environment and pensioners, not just age care workers, but actually the aged Australians asked if he was too stony. Peter Dunton said he is serious in public life because he deals with serious matters. Anthony Albaneze he was asked whether he was too wishy washy. He said kindness isn't a weakness. He said he's capable of making tough decisions. We also get I mean, I also got the sense last night, Michael that the two don't mind each other. I reckon if Anthony ABERANEZEI won the first two. Peter Dunne at least drew perhaps a bit better last night. Personal opinion only.

Onto story number two. Now, Sean and mcquarie is selling out of its entire North American and European public asset management business, a business that oversees two hundred and eighty five billion dollars in assets.

Onto story number two. Now, Sean and mcquarie is selling out of its entire North American and European public asset management business, a business that oversees two hundred and eighty five billion dollars in assets.

It's a reversal of a strategy that's been in place for fifteen years. Mcquari will offload its international equities, fixed income and multi asset investments business to Japan's Namura for two point eight billion dollars. A divisions known as McQuary Asset Management that will continue to operate in Australia public market investments have changed a lot. They're now dominated by very large, low fee funds such as black Rock and Vanguard. They tend to passively invest rather than stockpick. Active fund management in public markets in North American Europe at least aren't providing the returns Macquarie once. Instead, it will probably push more of those resources and finance is into private market investing things like real estate infrastructure. That type of thing.

It's a reversal of a strategy that's been in place for fifteen years. Mcquari will offload its international equities, fixed income and multi asset investments business to Japan's Namura for two point eight billion dollars. A divisions known as McQuary Asset Management that will continue to operate in Australia public market investments have changed a lot. They're now dominated by very large, low fee funds such as black Rock and Vanguard. They tend to passively invest rather than stockpick. Active fund management in public markets in North American Europe at least aren't providing the returns Macquarie once. Instead, it will probably push more of those resources and finance is into private market investing things like real estate infrastructure. That type of thing.

Storry Number three Chinese e commerce groups. She has recorded annual sales of more than one billion dollars in Australia for the first time, as the rise in popularity of ultra cheap clothing turns the Chinese fast fashioned giant into one of the country's biggest retailers.

Storry Number three Chinese e commerce groups. She has recorded annual sales of more than one billion dollars in Australia for the first time, as the rise in popularity of ultra cheap clothing turns the Chinese fast fashioned giant into one of the country's biggest retailers.

The emergence of Sheen and its biggest global competitor, Temu has hurt local retailers. She and Timu and their more established rival Amazon sell everything from toys and clothes to smartphones and electronics. She and began selling Australia in twenty twenty two, and newly foiled accounts show sales rose to one point two to three billion dollars in the twelve months at the end of last year. According to the fin Review, Profits were about fifteen million dollars. The one point two to three billion in sales compares to a round or to around revenues of seven hundred million dollars for La Visa, one of the largest fast fashioned jewelry businesses in the country, and one point six billion at Accent Group. It owns Platypus and a bunch of brands.

The emergence of Sheen and its biggest global competitor, Temu has hurt local retailers. She and Timu and their more established rival Amazon sell everything from toys and clothes to smartphones and electronics. She and began selling Australia in twenty twenty two, and newly foiled accounts show sales rose to one point two to three billion dollars in the twelve months at the end of last year. According to the fin Review, Profits were about fifteen million dollars. The one point two to three billion in sales compares to a round or to around revenues of seven hundred million dollars for La Visa, one of the largest fast fashioned jewelry businesses in the country, and one point six billion at Accent Group. It owns Platypus and a bunch of brands.

How about this story Number four. Chinese battery manufacturer Coatl has unveiled upgraded battery cells that it claims can offer a five hundred and twenty kilometer range from just five minutes of charging time.

How about this story Number four. Chinese battery manufacturer Coatl has unveiled upgraded battery cells that it claims can offer a five hundred and twenty kilometer range from just five minutes of charging time.

It's faster than BYD, which last month said it could do four to seventy kilometers in about five minutes. Both claims are a long way ahead of whatever's in the Tesla or other manufacturers out of Europe at the moment. Coatl also said it's made technological advances that will allow it to produce batteries that are cheaper, lighter, faster to recharge, and more resistant to coal to cold, while providing greater driving range. According to The New York Times, most of the changes, which are a couple of years away from being widely available in Newcast, could make evs more competitive in price and perform. Mormans now CAT produces a third of the world's electric car battery supply sixteen of the world's big car makers, including General Motors, main rival byd It's about one sixth of the world's v batteries. It tends to supply batteries to South Korean and Japanese car makers.

It's faster than BYD, which last month said it could do four to seventy kilometers in about five minutes. Both claims are a long way ahead of whatever's in the Tesla or other manufacturers out of Europe at the moment. Coatl also said it's made technological advances that will allow it to produce batteries that are cheaper, lighter, faster to recharge, and more resistant to coal to cold, while providing greater driving range. According to The New York Times, most of the changes, which are a couple of years away from being widely available in Newcast, could make evs more competitive in price and perform. Mormans now CAT produces a third of the world's electric car battery supply sixteen of the world's big car makers, including General Motors, main rival byd It's about one sixth of the world's v batteries. It tends to supply batteries to South Korean and Japanese car makers.

Last one story number five. The battle between Donald Trump and US financial markets has escalated after the US President called the boss of the Federal Reserve a loser.

Last one story number five. The battle between Donald Trump and US financial markets has escalated after the US President called the boss of the Federal Reserve a loser.

Certain people in the bureaucracy in the US are held in absolute high esteem. One of those is J. Powell, head of the FED. In a tweet, after Powell indicated interest rates in the US won't fall at any time soon, in part because of the tariffs issue, Trump claimed that there is almost no inflation and warned that there could be and I quote slowing of the economy unless mister too late a major loser Allowa's interest rates. Now, of course, there were caps in that too. The Salvey pushed the S and P five hundred dine down by as much as three percent, ironically pushed on yields, which predict future interest rates higher. The big problem is that Trump's attacks undermine the view that the US is a safe haven country well managed by independent central bankers.

Certain people in the bureaucracy in the US are held in absolute high esteem. One of those is J. Powell, head of the FED. In a tweet, after Powell indicated interest rates in the US won't fall at any time soon, in part because of the tariffs issue, Trump claimed that there is almost no inflation and warned that there could be and I quote slowing of the economy unless mister too late a major loser Allowa's interest rates. Now, of course, there were caps in that too. The Salvey pushed the S and P five hundred dine down by as much as three percent, ironically pushed on yields, which predict future interest rates higher. The big problem is that Trump's attacks undermine the view that the US is a safe haven country well managed by independent central bankers.

All right, there we go, the top five business stories in five minutes.

All right, there we go, the top five business stories in five minutes.

Thank you Sean, Thank you Michael.

Thank you Sean, Thank you Michael.

It's Wednesday, the twenty third of April twenty twenty five. Remember to hit follow on the podcast. If five minutes just isn't long enough for you can find our longer daily show called Fear and Greed whereever you listen to podcasts, or head along to Fearangreed dot com dot au, which is also where you sign up for our free daily newsletter. I'm Michael Thompson and that was the fast five business news by Fear and Greed. Have a great day.

It's Wednesday, the twenty third of April twenty twenty five. Remember to hit follow on the podcast. If five minutes just isn't long enough for you can find our longer daily show called Fear and Greed whereever you listen to podcasts, or head along to Fearangreed dot com dot au, which is also where you sign up for our free daily newsletter. I'm Michael Thompson and that was the fast five business news by Fear and Greed. Have a great day.