July 11, 2025 • 6 mins
Adam Lang and Michael Thompson go head to head to decide on the top business stories of the week.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:04):
Welcome to the weekend edition of the Fast Five Business
News by Fear and Greed. I'm Adam Lang and Hello
Sean Ailmer.
Speaker 2 (00:10):
Hello Adam Sean.
Speaker 1 (00:11):
On weekdays, it's all about the Fast five, the top
five business stories in just five minutes. On the weekend though,
we're going to keep it to five minutes. But we
are going to pick the biggest story of the week,
the most remarkable story of the week, a business story
from the Ancients category this week, and our favorite business
news story of the week. So let's get into it.
May I go first?
Speaker 2 (00:29):
Please? Biggest story of the week, Adam?
Speaker 1 (00:31):
All right for me, The Reserve Bank of Australia's decision
to hold the cash rate at three point eighty five
percent is the biggest business story of the week. This
moves surprise markets and caused query of the Reserve Bank's
communication style, with Governor Michelle Bullock facing scrutiny at a
media conference over the lack of guidance in the lead up.
The RBA governor conceded the obvious here under the new regime,
(00:51):
she cannot preempt the board's decisions or guide expectations between meetings. Now,
the next key test comes with a June quarter inflation
data on thirty July, but for now the Reserve Bank
is holding its nerve. It was big news with a
twist and a dash of salt, and that's why this
is my biggest business story of the week. Sean, what's yours?
Speaker 2 (01:09):
I think the other big story of the week was
Tariff's began with a fifty percent tariff from Donald Trump
on copper, hitting local miners including BHP and rare. The
good news is that those to actually have a JV
in the US called Resolution Copper, they might actually end
up being winners on that. Then Trump came out threatened
two hundred percent tariffs on pharmaceuticals That hit CSL. A
bit tricky for our government because the pharmaceutical benefits scheme
(01:30):
here subsidizes medicines. It's something Donald Trump could pick on.
Donald Trump then hit Brazil with fifty percent tariffs. Previously
they were ten percent, like Australia something, they're fifty percent.
That had more to do with former leader and Trump
ally Ja Bolsonaro and how the Latin American country is
trading big tech yet again another lesson for Australia. He
whacked tariffs on Japan South koream Me and Mark Canada.
(01:52):
In fact, he suggested there might be a blanket fifteen
to twenty percent tariff which would capture Australia. Slightly concerning
Let's go to the remarkable story, and I think we
both agree on this one.
Speaker 1 (02:02):
What was the most remarkable story of the week.
Speaker 2 (02:03):
Well, it's asset prices. Wall Street hit a new record,
the local market is near a new record, Europe's near
a new record. Nicky's near Well, Nick's not actually, but
other Asian markets are close to records. I want to
tell this story. In three assets. Nvidia four trillion US dollars,
first time any companies ever hit that level. Quite phenomenal,
worth more than twice as much as all the ASEX
(02:25):
two hundred market values combined. Second one Bitcoin it hit
a new record of over one hundred and sixteen thousand
US dollars unit. It's a risk asset. So I mean,
what world does that make sense? That's remarkable. I bet
Australia in a third, which is local stock Promedicus up
one hundred and forty percent of the last year, basically
brings X rays into the twenty first century, particularly the
transmission of them and ability to use them for diagnoses.
(02:48):
Now our top twenty stock bigger than Santos Cole's aria,
twice the size of Quantus. Remarkable what asset prices are doing.
Speaker 1 (02:54):
It is now our favorite ancient business story of the week, Sean.
For me, mine is Pinico, three thousand, five hundred year
old city, just discovered in northern Peru. Now it's about
two hundred kilmeters north of Lima. It's believed to have
been a major trading hub linking the Pacific coast, the
Andes and Amazon communities. Excavations over eight years have uncovered
(03:14):
eighteen structures, including temples and residences. There's clay sculptures, beat
a jury and animal figurines, ancient trade routes, religious centers,
cultural exchange, and a market economy that dates back over
three thousand, five hundred years. That's why it's my favorite
ancient business story of the week.
Speaker 2 (03:29):
What's yours? My favorite ancient business story is the fact
that the bay U Tapestry, a masterpiece that depicts the
Norman conquest of England in ten sixty six, will return
to Britain for the first time in about nine hundred
and fifty years. It's going to be hung at the
British Museum. We had President Emmanuel mccrona of France visiting
Kirstarma and the UK. He made the offer. The roughly
(03:50):
seventy meter long art work, which was made in the
years after the conquest, depicts the Norman invasion of England
and the Battle of Hastings. The conflict of allowed William
the conqueror to take this rain from Harold Godwinson become
the first Norman King of England and effectively turned the
UK into the country that we know it is today.
The only recorded history is the Bayu Tapestry. It's going
(04:11):
back to Britain.
Speaker 1 (04:12):
Incredible story, Sean. Now for favorite story, I've got a
different one in mind. The Counsel of Australian Life Insurers
have revealed that life insurers paid out a record two
point two billion dollars in mental health claims last year,
and that's almost double the amount from five years ago.
Nearly half of all of those were related to mental
health conditions like anxiety, PTSD and depression. Now, while this
(04:35):
is a fiscal warning and the real costs of health
are involved here, it's all about recognizing a growing crisis
in Australia and around the world, and that's got to
be a good thing. The data from the insurance industry
highlights and this again is a good thing. We are
now looking at this in a total way of health.
And that's why it's my favorite story of the week.
Speaker 2 (04:53):
What about your Sean, That's a very worthy story and
very important. Mine is perhaps a little silly and maybe not.
Eden Musk has followed through to set up a new
political party, launching the America Party. Short on details, big
on t and fill short on details right that it
follows the president. You were Donald Trump signing the One
Big Beautiful Bill Act. It's huge, four point five trillion
(05:15):
dollars in tax carts. It cuts into safety net programs
like medicaid, food assistance. Elon Musk, well, he hates it.
He's criticized it for adding nearly three point three trillion
US as the national debt and the next decade. So
he launched the America Party. On next he wrote, I
quote by a factor of two to one, you won
a new political party, and you shall have it when
it comes to bankrupting our country with waste and graft.
(05:38):
We live in a one party system, not a democracy. Today.
The America Party is formed to give you back your freedom.
Donald Trump quickly came back. He said, and I quote
sad and to watch Elon Muscow completely off the rails,
essentially becoming a train wreck of the past five weeks.
I don't know. I think the Trump Musk it just
keeps giving, it does amazing.
Speaker 1 (05:58):
And with that, that is our minutes and pretty much
everything you need to know on the world of business
this weekend.
Speaker 2 (06:03):
Thank you Sean, thank you Adam.
Speaker 1 (06:05):
We'll be back on Monday morning with the top five
business stories in just five minutes. Don't forget to hit
follow and join us online on Instagram, TikTok, LinkedIn, Facebook
and X. I'm Adam Lang and this is the past
five business needs both here and greet.
Welcome to the weekend edition of the Fast Five Business
News by Fear and Greed. I'm Adam Lang and Hello
Sean Ailmer.
Speaker 2 (00:10):
Hello Adam Sean.
Speaker 1 (00:11):
On weekdays, it's all about the Fast five, the top
five business stories in just five minutes. On the weekend though,
we're going to keep it to five minutes. But we
are going to pick the biggest story of the week,
the most remarkable story of the week, a business story
from the Ancients category this week, and our favorite business
news story of the week. So let's get into it.
May I go first?
Speaker 2 (00:29):
Please? Biggest story of the week, Adam?
Speaker 1 (00:31):
All right for me, The Reserve Bank of Australia's decision
to hold the cash rate at three point eighty five
percent is the biggest business story of the week. This
moves surprise markets and caused query of the Reserve Bank's
communication style, with Governor Michelle Bullock facing scrutiny at a
media conference over the lack of guidance in the lead up.
The RBA governor conceded the obvious here under the new regime,
(00:51):
she cannot preempt the board's decisions or guide expectations between meetings. Now,
the next key test comes with a June quarter inflation
data on thirty July, but for now the Reserve Bank
is holding its nerve. It was big news with a
twist and a dash of salt, and that's why this
is my biggest business story of the week. Sean, what's yours?
Speaker 2 (01:09):
I think the other big story of the week was
Tariff's began with a fifty percent tariff from Donald Trump
on copper, hitting local miners including BHP and rare. The
good news is that those to actually have a JV
in the US called Resolution Copper, they might actually end
up being winners on that. Then Trump came out threatened
two hundred percent tariffs on pharmaceuticals That hit CSL. A
bit tricky for our government because the pharmaceutical benefits scheme
(01:30):
here subsidizes medicines. It's something Donald Trump could pick on.
Donald Trump then hit Brazil with fifty percent tariffs. Previously
they were ten percent, like Australia something, they're fifty percent.
That had more to do with former leader and Trump
ally Ja Bolsonaro and how the Latin American country is
trading big tech yet again another lesson for Australia. He
whacked tariffs on Japan South koream Me and Mark Canada.
(01:52):
In fact, he suggested there might be a blanket fifteen
to twenty percent tariff which would capture Australia. Slightly concerning
Let's go to the remarkable story, and I think we
both agree on this one.
Speaker 1 (02:02):
What was the most remarkable story of the week.
Speaker 2 (02:03):
Well, it's asset prices. Wall Street hit a new record,
the local market is near a new record, Europe's near
a new record. Nicky's near Well, Nick's not actually, but
other Asian markets are close to records. I want to
tell this story. In three assets. Nvidia four trillion US dollars,
first time any companies ever hit that level. Quite phenomenal,
worth more than twice as much as all the ASEX
(02:25):
two hundred market values combined. Second one Bitcoin it hit
a new record of over one hundred and sixteen thousand
US dollars unit. It's a risk asset. So I mean,
what world does that make sense? That's remarkable. I bet
Australia in a third, which is local stock Promedicus up
one hundred and forty percent of the last year, basically
brings X rays into the twenty first century, particularly the
transmission of them and ability to use them for diagnoses.
(02:48):
Now our top twenty stock bigger than Santos Cole's aria,
twice the size of Quantus. Remarkable what asset prices are doing.
Speaker 1 (02:54):
It is now our favorite ancient business story of the week, Sean.
For me, mine is Pinico, three thousand, five hundred year
old city, just discovered in northern Peru. Now it's about
two hundred kilmeters north of Lima. It's believed to have
been a major trading hub linking the Pacific coast, the
Andes and Amazon communities. Excavations over eight years have uncovered
(03:14):
eighteen structures, including temples and residences. There's clay sculptures, beat
a jury and animal figurines, ancient trade routes, religious centers,
cultural exchange, and a market economy that dates back over
three thousand, five hundred years. That's why it's my favorite
ancient business story of the week.
Speaker 2 (03:29):
What's yours? My favorite ancient business story is the fact
that the bay U Tapestry, a masterpiece that depicts the
Norman conquest of England in ten sixty six, will return
to Britain for the first time in about nine hundred
and fifty years. It's going to be hung at the
British Museum. We had President Emmanuel mccrona of France visiting
Kirstarma and the UK. He made the offer. The roughly
(03:50):
seventy meter long art work, which was made in the
years after the conquest, depicts the Norman invasion of England
and the Battle of Hastings. The conflict of allowed William
the conqueror to take this rain from Harold Godwinson become
the first Norman King of England and effectively turned the
UK into the country that we know it is today.
The only recorded history is the Bayu Tapestry. It's going
(04:11):
back to Britain.
Speaker 1 (04:12):
Incredible story, Sean. Now for favorite story, I've got a
different one in mind. The Counsel of Australian Life Insurers
have revealed that life insurers paid out a record two
point two billion dollars in mental health claims last year,
and that's almost double the amount from five years ago.
Nearly half of all of those were related to mental
health conditions like anxiety, PTSD and depression. Now, while this
(04:35):
is a fiscal warning and the real costs of health
are involved here, it's all about recognizing a growing crisis
in Australia and around the world, and that's got to
be a good thing. The data from the insurance industry
highlights and this again is a good thing. We are
now looking at this in a total way of health.
And that's why it's my favorite story of the week.
Speaker 2 (04:53):
What about your Sean, That's a very worthy story and
very important. Mine is perhaps a little silly and maybe not.
Eden Musk has followed through to set up a new
political party, launching the America Party. Short on details, big
on t and fill short on details right that it
follows the president. You were Donald Trump signing the One
Big Beautiful Bill Act. It's huge, four point five trillion
(05:15):
dollars in tax carts. It cuts into safety net programs
like medicaid, food assistance. Elon Musk, well, he hates it.
He's criticized it for adding nearly three point three trillion
US as the national debt and the next decade. So
he launched the America Party. On next he wrote, I
quote by a factor of two to one, you won
a new political party, and you shall have it when
it comes to bankrupting our country with waste and graft.
(05:38):
We live in a one party system, not a democracy. Today.
The America Party is formed to give you back your freedom.
Donald Trump quickly came back. He said, and I quote
sad and to watch Elon Muscow completely off the rails,
essentially becoming a train wreck of the past five weeks.
I don't know. I think the Trump Musk it just
keeps giving, it does amazing.
Speaker 1 (05:58):
And with that, that is our minutes and pretty much
everything you need to know on the world of business
this weekend.
Speaker 2 (06:03):
Thank you Sean, thank you Adam.
Speaker 1 (06:05):
We'll be back on Monday morning with the top five
business stories in just five minutes. Don't forget to hit
follow and join us online on Instagram, TikTok, LinkedIn, Facebook
and X. I'm Adam Lang and this is the past
five business needs both here and greet.
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