July 13, 2025 • 5 mins
Monday 14 July 2025
The top five business stories in five minutes, with Sean Aylmer and Adam Lang.
- PM in China amid Taiwan row
- Trump puts tarrifs on Canada, Mexico, EU
- No rate cut doesn’t slow home sales
- Solar farms switch off
- Air India crash preliminary findings
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:03):
It's Monday, the fourteenth of July twenty twenty five. Welcome
to the Fast five by Fearing Greed, where we give
you the top five business stories you need to know
in just five minutes.
Speaker 2 (00:12):
I'm Adam Lang and good morning, Sean Aylmer.
Speaker 3 (00:15):
Good morning, Adam, Sean.
Speaker 2 (00:17):
Story number one.
Speaker 1 (00:18):
Prime Minister Anthony Albanesi is in China and he's set
to meet President Jijingping later in the week, with US
trade policy, Taiwan, iron Ore and tourism heading the list
of topics to be discussed.
Speaker 3 (00:29):
Perhaps the toughest topic is Taiwan. The Trump administration is
pushing Australia in Japan to make clear what role they
would play if the US and China went to war
over Taiwan. Now, it's not a question the government really
wants to answer. Yesterday in Shanghai, mister Alberinez he said
Australia does not support any unilateral action on Taiwan, and
that's spending on both defense and aid is about advancing
(00:51):
peace and security in our region. In other words, he
didn't really answer the question. Australia operates under the One
China Policy. It does not recognize Taiwan as a sovereign state,
although like many countries it engages with Taiwan and formally
through non government channels. The shadow of Donald Trump and
US tariff policy sits over the Albanisi she meeting over
the weekend. The White House book tariffs on Europe and
(01:14):
Mexico as well as Canada. With a PM in China
this week are representatives from the business community, including execs
from BHP, Rio Tinto and Forest. You now those companies
need the favor of Beijing to keep selling iron or
maybe tourism is the easiest topic to discuss. Mister Albinezi
will sprout tourism and sporting ties, hoping to law thousands
of travelers back to Australia. Our visitors numbers from China
(01:36):
they haven't fully recovered from the pandemics. I think that's
what that's about. There'll also be other issues discussed, more
difficult issues. I suspect, things like the circumnavigation of the
Australian mainland earlier this year by flotilla of Chinese warships.
Also human rights abuses.
Speaker 2 (01:53):
Short, it's such a busy agenda.
Speaker 1 (01:54):
What do you think the PM wants out of this
trip to China?
Speaker 3 (01:59):
Good question. He wants chief close trade ties without irritating
the Trump administration. Defense is the elephant in the room.
Albanezi will have to be at his diplomatic best.
Speaker 1 (02:08):
Story number two, Donald Trump has whacked on thirty five
percent tariff on Canadian goods and thirty percent for Mexican
and the European Union product Sean tell us about yes.
Speaker 3 (02:18):
So in the case of Mexico, he said the country
had failed to stop cartel, saying it hasn't done enough
to stop the flow of fentanyl into the US it
got hit with that tariff. The European Commission President Ursula
Vonda Lane said the thirty percent tariffs will disrupt essential
transatlantic supply chains to the detriment of businesses, consumers and patients.
(02:38):
Of course, pharmaceuticals was caught up. That'll hit both sides
the Atlantic. The European Commission president said Trump's also eyeing
fifteen to twenty percent blanket tariffs for other countries, which
presumably would include Australia.
Speaker 2 (02:51):
Sean. Story number three.
Speaker 1 (02:52):
We might not have gotten an interest rate cut last week,
but that didn't stop home buyers over the weekend with
preliminary auction clearance rates across the country, Stone solid at
just under seventy three percent.
Speaker 3 (03:03):
So the national rate was just under seventy three percent.
Perhaps the fact that Reserve Bank Governor Michelle Bullock made
it clear that rates will fall in coming months. A
laid by a concern clearance rate's now been above seventy
percent for about five weeks or thereabouts. Moven was the
busiest market, albeit slower than the last few weeks. We're
in the middle of school holidays. Of course, its clearance
rate fell somewhat to just over seventy percent. Sidney with
(03:24):
seventy six point two percent that's actually its equal highest
for the year. Adelaide was the best the smaller capitals
clear and straight of seventy six percent, Canbra was at
sixty eight percent and Brisbane at sixty one percent.
Speaker 2 (03:35):
Story number four.
Speaker 1 (03:36):
Almost every large solar farm in australia Southeastern States will
be forced to switch off at least one third of
the power they generate by twenty twenty seven on the
back of delays to new poles and wires projects that
are needed to transmit the electricity.
Speaker 3 (03:51):
Australian Energy Market Operator analysis shows that the slow rollout
of key poles and wire projects in Victoria will limit
the amount of power bigger dowable projects can produce. According
to a story in the fin Review, major solo farms
in Victoria and South Australia are forecast to have shut
off rates of more than thirty five percent by twenty
twenty seven. Several major projects are likely to be forced
(04:12):
to shed more than sixty five per cent of their power,
the analysis shows. IEMO said Victorian and South Australian shut
off rates are forecast to be particularly high as a
big growth of new renewable energy projects has not been
matched with equivalent growth in the capacity of the big
electricity cables required to connect them to the grid. In
other words, we need to spend more on infrastructure.
Speaker 2 (04:33):
Story number five.
Speaker 1 (04:34):
The jet engines on Air India Flight one seven to
one briefly cut off seconds after takeoff. A preliminary report
into the jets fatal crash last month has.
Speaker 3 (04:43):
Found India's Air Accident Investigation Bureau said in its report
released over the weekend that the aircraft reached the necessary
speed to lift off, but that seconds later, switches that
control the flow of fuel to the jets two engines
transitioned from run to cut off position in the cock
pitt voiced recording. One of the pilots is heard asking
the other, why did you cut off, to which the
(05:04):
other responded that he did not do so. According to
the report, although the two switches transitioned back to the
run position between ten and fourteen seconds later, the engines
had been starved of fuel and lost thrust, According to report,
in the ft that led to one pilot to declare
may day, may day, may day. Aviation experts said it
is difficult for pilots to inadvertently move the fuel switches.
(05:25):
The crash occurred on June twelve, last month. It killed
two hundred and forty one people on board, another twenty
nine on the ground where the Dreamliner crashed into a
medical college near the airport.
Speaker 1 (05:35):
That's it, the top five business stories you need to
know in just five minutes.
Speaker 2 (05:39):
Thank you, Sean.
Speaker 3 (05:39):
Thank you very much. Adam.
Speaker 2 (05:40):
It's Monday, the fourteenth of July twenty twenty five.
Speaker 1 (05:43):
Remember to hit follow on the podcast, and if five
minutes isn't enough, then find our longer podcast called Fear
and Greed on your favorite podcast platform. I'm Adam Lang
and that was the Fast five by Fear and greed
have a great day.
It's Monday, the fourteenth of July twenty twenty five. Welcome
to the Fast five by Fearing Greed, where we give
you the top five business stories you need to know
in just five minutes.
Speaker 2 (00:12):
I'm Adam Lang and good morning, Sean Aylmer.
Speaker 3 (00:15):
Good morning, Adam, Sean.
Speaker 2 (00:17):
Story number one.
Speaker 1 (00:18):
Prime Minister Anthony Albanesi is in China and he's set
to meet President Jijingping later in the week, with US
trade policy, Taiwan, iron Ore and tourism heading the list
of topics to be discussed.
Speaker 3 (00:29):
Perhaps the toughest topic is Taiwan. The Trump administration is
pushing Australia in Japan to make clear what role they
would play if the US and China went to war
over Taiwan. Now, it's not a question the government really
wants to answer. Yesterday in Shanghai, mister Alberinez he said
Australia does not support any unilateral action on Taiwan, and
that's spending on both defense and aid is about advancing
(00:51):
peace and security in our region. In other words, he
didn't really answer the question. Australia operates under the One
China Policy. It does not recognize Taiwan as a sovereign state,
although like many countries it engages with Taiwan and formally
through non government channels. The shadow of Donald Trump and
US tariff policy sits over the Albanisi she meeting over
the weekend. The White House book tariffs on Europe and
(01:14):
Mexico as well as Canada. With a PM in China
this week are representatives from the business community, including execs
from BHP, Rio Tinto and Forest. You now those companies
need the favor of Beijing to keep selling iron or
maybe tourism is the easiest topic to discuss. Mister Albinezi
will sprout tourism and sporting ties, hoping to law thousands
of travelers back to Australia. Our visitors numbers from China
(01:36):
they haven't fully recovered from the pandemics. I think that's
what that's about. There'll also be other issues discussed, more
difficult issues. I suspect, things like the circumnavigation of the
Australian mainland earlier this year by flotilla of Chinese warships.
Also human rights abuses.
Speaker 2 (01:53):
Short, it's such a busy agenda.
Speaker 1 (01:54):
What do you think the PM wants out of this
trip to China?
Speaker 3 (01:59):
Good question. He wants chief close trade ties without irritating
the Trump administration. Defense is the elephant in the room.
Albanezi will have to be at his diplomatic best.
Speaker 1 (02:08):
Story number two, Donald Trump has whacked on thirty five
percent tariff on Canadian goods and thirty percent for Mexican
and the European Union product Sean tell us about yes.
Speaker 3 (02:18):
So in the case of Mexico, he said the country
had failed to stop cartel, saying it hasn't done enough
to stop the flow of fentanyl into the US it
got hit with that tariff. The European Commission President Ursula
Vonda Lane said the thirty percent tariffs will disrupt essential
transatlantic supply chains to the detriment of businesses, consumers and patients.
(02:38):
Of course, pharmaceuticals was caught up. That'll hit both sides
the Atlantic. The European Commission president said Trump's also eyeing
fifteen to twenty percent blanket tariffs for other countries, which
presumably would include Australia.
Speaker 2 (02:51):
Sean. Story number three.
Speaker 1 (02:52):
We might not have gotten an interest rate cut last week,
but that didn't stop home buyers over the weekend with
preliminary auction clearance rates across the country, Stone solid at
just under seventy three percent.
Speaker 3 (03:03):
So the national rate was just under seventy three percent.
Perhaps the fact that Reserve Bank Governor Michelle Bullock made
it clear that rates will fall in coming months. A
laid by a concern clearance rate's now been above seventy
percent for about five weeks or thereabouts. Moven was the
busiest market, albeit slower than the last few weeks. We're
in the middle of school holidays. Of course, its clearance
rate fell somewhat to just over seventy percent. Sidney with
(03:24):
seventy six point two percent that's actually its equal highest
for the year. Adelaide was the best the smaller capitals
clear and straight of seventy six percent, Canbra was at
sixty eight percent and Brisbane at sixty one percent.
Speaker 2 (03:35):
Story number four.
Speaker 1 (03:36):
Almost every large solar farm in australia Southeastern States will
be forced to switch off at least one third of
the power they generate by twenty twenty seven on the
back of delays to new poles and wires projects that
are needed to transmit the electricity.
Speaker 3 (03:51):
Australian Energy Market Operator analysis shows that the slow rollout
of key poles and wire projects in Victoria will limit
the amount of power bigger dowable projects can produce. According
to a story in the fin Review, major solo farms
in Victoria and South Australia are forecast to have shut
off rates of more than thirty five percent by twenty
twenty seven. Several major projects are likely to be forced
(04:12):
to shed more than sixty five per cent of their power,
the analysis shows. IEMO said Victorian and South Australian shut
off rates are forecast to be particularly high as a
big growth of new renewable energy projects has not been
matched with equivalent growth in the capacity of the big
electricity cables required to connect them to the grid. In
other words, we need to spend more on infrastructure.
Speaker 2 (04:33):
Story number five.
Speaker 1 (04:34):
The jet engines on Air India Flight one seven to
one briefly cut off seconds after takeoff. A preliminary report
into the jets fatal crash last month has.
Speaker 3 (04:43):
Found India's Air Accident Investigation Bureau said in its report
released over the weekend that the aircraft reached the necessary
speed to lift off, but that seconds later, switches that
control the flow of fuel to the jets two engines
transitioned from run to cut off position in the cock
pitt voiced recording. One of the pilots is heard asking
the other, why did you cut off, to which the
(05:04):
other responded that he did not do so. According to
the report, although the two switches transitioned back to the
run position between ten and fourteen seconds later, the engines
had been starved of fuel and lost thrust, According to report,
in the ft that led to one pilot to declare
may day, may day, may day. Aviation experts said it
is difficult for pilots to inadvertently move the fuel switches.
(05:25):
The crash occurred on June twelve, last month. It killed
two hundred and forty one people on board, another twenty
nine on the ground where the Dreamliner crashed into a
medical college near the airport.
Speaker 1 (05:35):
That's it, the top five business stories you need to
know in just five minutes.
Speaker 2 (05:39):
Thank you, Sean.
Speaker 3 (05:39):
Thank you very much. Adam.
Speaker 2 (05:40):
It's Monday, the fourteenth of July twenty twenty five.
Speaker 1 (05:43):
Remember to hit follow on the podcast, and if five
minutes isn't enough, then find our longer podcast called Fear
and Greed on your favorite podcast platform. I'm Adam Lang
and that was the Fast five by Fear and greed
have a great day.
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