It's Thursday, the twenty seventh of March 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 it's five minutes, I'm Michael Thompson and good morning Sean Aylmer.

It's Thursday, the twenty seventh of March 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 it's five minutes, I'm Michael Thompson and good morning Sean Aylmer.

Good morning, Michael, Sean.

Good morning, Michael, Sean.

Five big stories to get through in five minutes. Let's go a story.

Five big stories to get through in five minutes. Let's go a story.

Number one.

Number one.

Underlying inflation has fallen to its lowest level since late twenty twenty one as price pressures come out of the housing market, sparking hopes Sean of another cut in interest rates in coming months.

Underlying inflation has fallen to its lowest level since late twenty twenty one as price pressures come out of the housing market, sparking hopes Sean of another cut in interest rates in coming months.

Price pressures in the housing market receded, pushing the underlying level of inflation to two point seven percent headline rate to two point four percent according to the Bureau Statistics. And the headline rate's lower because it includes the impact of the government's seventy five dollars a quarter energy rebate. But the Reserve Bank doesn't take that sort of stuff into account. It just wants to know what the trend is, and the trend is down. The trend in this case is our friend. Much of the downward pressure at the moment is coming from the housing sector rents, for example, the cost of building a new home. The pace of growth is just much lower than it was. The monthly measure isn't as broad as the quarterly measure can be fairly volatile. But three months in a row the underlying rate has been within the Reserve banks preferred two to three percent target, and the data points to the March quarter underlying rate the big one falling into the target band as well. The headline rate's been in the band for about seven months now.

Price pressures in the housing market receded, pushing the underlying level of inflation to two point seven percent headline rate to two point four percent according to the Bureau Statistics. And the headline rate's lower because it includes the impact of the government's seventy five dollars a quarter energy rebate. But the Reserve Bank doesn't take that sort of stuff into account. It just wants to know what the trend is, and the trend is down. The trend in this case is our friend. Much of the downward pressure at the moment is coming from the housing sector rents, for example, the cost of building a new home. The pace of growth is just much lower than it was. The monthly measure isn't as broad as the quarterly measure can be fairly volatile. But three months in a row the underlying rate has been within the Reserve banks preferred two to three percent target, and the data points to the March quarter underlying rate the big one falling into the target band as well. The headline rate's been in the band for about seven months now.

I think what we all want to know, though, Sean, what does it mean for interest rates? We had a cut in February, obviously, and there's an RBA board meeting next week. Is there any chance of a second cut?

I think what we all want to know, though, Sean, what does it mean for interest rates? We had a cut in February, obviously, and there's an RBA board meeting next week. Is there any chance of a second cut?

Always a chance, but probably unlikely. Where I think we are at the moment, inflation is trending lower. That's a good thing. Reserve Bank will be mindful of the negative impacts of the growing global trade war. It will also be worried about the inflationary impact of the growing global trade war. I doubt there'll be a rate cut next week, but next month we find out about tariff's from Donald Trump. In quarterly inflation, then we'll have a much better indication of where we're at.

Always a chance, but probably unlikely. Where I think we are at the moment, inflation is trending lower. That's a good thing. Reserve Bank will be mindful of the negative impacts of the growing global trade war. It will also be worried about the inflationary impact of the growing global trade war. I doubt there'll be a rate cut next week, but next month we find out about tariff's from Donald Trump. In quarterly inflation, then we'll have a much better indication of where we're at.

Okay, moving on to story number two. Now, the country's largest superannuation fund, Australian Super has sold about five hundred and eighty million dollars worth of wise Tech Global stock, saying the group's governance fell short of expectations.

Okay, moving on to story number two. Now, the country's largest superannuation fund, Australian Super has sold about five hundred and eighty million dollars worth of wise Tech Global stock, saying the group's governance fell short of expectations.

Ozzi Souper has been an investor in weis Tech since twenty sixteen, would have made a lot of money from it. Over the past two a month or so, there's been allegations swirling around founder, major shareholder and CEO, around relationships with staff and other women. It came to a head earlier this month when three independent directors quit the company, including its chair White, and installed himself as executive chair. Now Ozzi Super has come out said it's been a strong supporter of the business, but good governance is essential to delivering value and I quote as a long term active manager, our role is to allocate members retirement savings to the companies we think are most likely to create value over at the years to come. The inference being poor governance doesn't mean good value. Other large super funds invested in weis Tech included where Super, Rest, Insignia Financial, and Hester. They're now going to come under pres to sell down.

Ozzi Souper has been an investor in weis Tech since twenty sixteen, would have made a lot of money from it. Over the past two a month or so, there's been allegations swirling around founder, major shareholder and CEO, around relationships with staff and other women. It came to a head earlier this month when three independent directors quit the company, including its chair White, and installed himself as executive chair. Now Ozzi Super has come out said it's been a strong supporter of the business, but good governance is essential to delivering value and I quote as a long term active manager, our role is to allocate members retirement savings to the companies we think are most likely to create value over at the years to come. The inference being poor governance doesn't mean good value. Other large super funds invested in weis Tech included where Super, Rest, Insignia Financial, and Hester. They're now going to come under pres to sell down.

Story number three. The day after the budget, Sean was mostly about politics not economics, with the government pushing to legislate its budget cuts this week.

Story number three. The day after the budget, Sean was mostly about politics not economics, with the government pushing to legislate its budget cuts this week.

The legislation for the seventeen point one billion dollar income tax cut, which is about ten bucks a week when fully implemented, passed the Lower House yesterday with the support of the Greens in independence. The coalition voted against the bill, calling it a cruel hoax, and now Opposition leader Peter Dunn looks like he opposes tax cuts. The legislation was due to go to the Upper House last night. If it passes and then to the Albanize will probably call an election pretty quickly and say Peter Dunn doesn't want to cut taxes. Federal Treasurer Jim charm has made the most of it yesterday, saying to vote against the legislation is to stand against cost of living relief. Peter Dunton gives his budget response tonight. He could well announce tax cuts on his own if elected. Certainly he's likely to focus on energy policy and other cost of living relief.

The legislation for the seventeen point one billion dollar income tax cut, which is about ten bucks a week when fully implemented, passed the Lower House yesterday with the support of the Greens in independence. The coalition voted against the bill, calling it a cruel hoax, and now Opposition leader Peter Dunn looks like he opposes tax cuts. The legislation was due to go to the Upper House last night. If it passes and then to the Albanize will probably call an election pretty quickly and say Peter Dunn doesn't want to cut taxes. Federal Treasurer Jim charm has made the most of it yesterday, saying to vote against the legislation is to stand against cost of living relief. Peter Dunton gives his budget response tonight. He could well announce tax cuts on his own if elected. Certainly he's likely to focus on energy policy and other cost of living relief.

Story number four. I reckon this is really interesting, Sean. One of the rights of passage as a political journalist is to cover a federal election care andaign, and most of the access has always been given to the Canberra Press Gallery. Makes sense, but membership of the gallery will no longer be a prerequisite to catch the labor media buses around the country.

Story number four. I reckon this is really interesting, Sean. One of the rights of passage as a political journalist is to cover a federal election care andaign, and most of the access has always been given to the Canberra Press Gallery. Makes sense, but membership of the gallery will no longer be a prerequisite to catch the labor media buses around the country.

In fact, content creators will be able to join the trail, the election trail for a single day at a time. According to the Finn, it will help the ALP push out its campaigning to audiences that don't follow the news closely. Already we've seen Anthony Abernezi Npeter Dutton for that matter, appearing on podcasts much more than their predecessors. Social media influencers and financial content creators were invited to the media lockup for Tuesday's budgets, so it's actually already happening. It costs media companies hundreds of thousands of dollars to send reporters on the road with the political parties. The inference here is that for these day trippers, so to speak, the ALP will pay for them, which is what's upset some of the traditional media companies.

In fact, content creators will be able to join the trail, the election trail for a single day at a time. According to the Finn, it will help the ALP push out its campaigning to audiences that don't follow the news closely. Already we've seen Anthony Abernezi Npeter Dutton for that matter, appearing on podcasts much more than their predecessors. Social media influencers and financial content creators were invited to the media lockup for Tuesday's budgets, so it's actually already happening. It costs media companies hundreds of thousands of dollars to send reporters on the road with the political parties. The inference here is that for these day trippers, so to speak, the ALP will pay for them, which is what's upset some of the traditional media companies.

Last one story number five, the parent company of retailer Jeans West, has gone into voluntary administration and plans to closed stores, putting six hundred jobs at risk.

Last one story number five, the parent company of retailer Jeans West, has gone into voluntary administration and plans to closed stores, putting six hundred jobs at risk.

It's the second time Hong Kong owned Harbor Guidance Proprietary Limited has put Jeans West into administration. Happened five years ago. Harbor Guide has brought it out now it's back in the fifty three year old chain was founded in Perth. It focuses on cheap jeans and T shirts. Grew to about one hundred and fifty stores now it operates about ninety. Its main competitors, Just Jeans and JJ's was sold to Mayer recently. Adds to the retail failures we've seen recent months. Katie's, Non eyb Rivers, Rockman's, Miller's now Just Jeans.

It's the second time Hong Kong owned Harbor Guidance Proprietary Limited has put Jeans West into administration. Happened five years ago. Harbor Guide has brought it out now it's back in the fifty three year old chain was founded in Perth. It focuses on cheap jeans and T shirts. Grew to about one hundred and fifty stores now it operates about ninety. Its main competitors, Just Jeans and JJ's was sold to Mayer recently. Adds to the retail failures we've seen recent months. Katie's, Non eyb Rivers, Rockman's, Miller's now Just Jeans.

All right, there we go to the top five business stories in five minutes. Thank you Sean, Thank you Michael. It is Thursday, the twenty seventh of March twenty twenty five, remembered hit follow on the podcast and if five minutes isn't enough, then 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 to the top five business stories in five minutes. Thank you Sean, Thank you Michael. It is Thursday, the twenty seventh of March twenty twenty five, remembered hit follow on the podcast and if five minutes isn't enough, then 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,