Fast Five | 11 Sep 2026

0:00It is Friday, the 11th of September, 2026. Welcome to the Fast 5 Business News by Fear and Greed, where we give you the top 5 business stories you need to know in just 5 minutes. I'm Mark with Thompson and good morning, Sean Aelma. Good morning, Michael. Sean, 5 stories in 5 minutes. Let's go story number 1. The local share market closed 1% lower yesterday, having fallen the most since March earlier in the day. After oil passed through $100 US dollars a barrel and expectations of a rate hike at the end of the month's rose. By the close, S&P A6200 had suffered one of its worst days of the year. With all 11 sectors falling, the market ended not much over 8800 points, about 5% below its peak of last month. The fear for investors and mortgage holders and businesses is that inflation will stay higher for longer, given the rise in oil prices on the back of what's going on in the middle east. And not much anyone can do about it. Financial markets have now priced in a 4% or 5% chance of a rate hike on the 29th of September. The miners will

1:06lower yesterday's so to the banks, so to the tech stocks. With interest rate, expectations rising, so to our bond yields, now 10 year bond yields hit 5.27%. What's that mean? Mentor investor can get an almost risk-free return of more than 5%. That's what happened. But why is it happening? Oil above $100 US dollars a barrel. That'll feed through to petrol prices and transport costs and hit farmers and supermarkets and the broader economy. Adds to the argument alongside higher inflation and stronger than expected growth for the reserve bank to have to lift interest rates again. Yes. Also, rising bond yields makes other investment classes like equities relatively less attractive in the US. People think it could be rate rises there. That'll slow down earnings that flows through to the Australian market as well. In fact, yesterday US Treasury yields, they inflict inflation expectations, hit their highest level in three years, even though the Trump administration said it would buy back some debt.

2:07OK, let's get on to story number two now shown in US President Donald Trump in a remarkable speech, even by his standards. At a Republican party convention in Texas, promise to give every American $5,000 US dollars if his party wins the House and Senate in midterm elections in November. That would cost about $1.4 trillion US dollars. In his speech, which kicked off campaigning for the midterm elections, he justified his war against Iran, defended high gas prices, and then made one of the most blatant and electric bribe of seen. Financial markets don't like those types of fiscally questionable outcomes. The full out in the bond market could be considerable. What will stem some of the fear is the fact that polls suggest the Republicans won't win both the House and the Senate in the midterms. In any case, Donald Trump was his usual self musing about the straight-off on moves being called the Trump Strait, talking about Lake Ontario, the Gulf of Mexico and New Mexico all being renamed amid a bunch of other Trumpisms.

3:09Under story number three, the English Premier League will stay on stand sport until 2034. After Stan Zoyner, nine entertainment, signed a new six-year streaming and broadcast contract with the EPL. Nine said it had extended its current deal beyond 2028 because the EPL had been a successful driver of new subscribers for its streaming platform. It bought the rights from the Optus last year in a deal in which Optus actually subsidizes some of the costs for three years. Media says it's expected to cost $830 million over six years for nine entertainment. The EPL is a key sport asset for Stan Sport. It also has rugby union and Graham Slam tennis. It's been a major driver in the 50% growth in Stan Sport subscribers over the past year. While we're talking sport, Sean the biggest football game this weekend is nothing to do with AFL. Rugby League is actually the sold out NFL clash between the LA Rams and San Francisco 49ers. It kicks off this morning at 10.35am to suit the US West Coast TV audience.

4:14The game will kick off the American football season. The NFL actually has a four-year contract with Victoria to host at least two games in Melbourne with an option for a third. It's part of the NFL's international series. It started back in 2007 at Wembley Stadium in London. Victoria paid $16 million to host the game. And now, Rickens, there'll be more than $300 million spent across hotels, restaurants, pubs and retailers in the CBD, Docklands and MCG precinct over the weekend. That's thanks to thousands of local, interstate and international visitors. For those who don't follow the game, the Rams go in as slight favorites. They both teams are kind of fancy this year. The big date in the US, the big debate in the US has been the fact that the 49ers flew in a week. You go to a climatized. The Rams arrived yesterday. Both teams are leaving pretty much straight after the game. The MCG hosted and then it has hosted an NFL game before. Back in 9-0-8, where the sailors on the USS Minnesota played the sailors on the USS Kentucky. Last one. Story number five, the cinema slump in the US is officially over with the US domestic

5:18box office for the Northern Summer period reaching $4.76 billion. Breaking the 2013 record in real terms, you normally take inflation into account. We won't do that because it's not quite as good, but the summer season ended last weekend with the Labor Day holiday, but there's some big numbers. Yeah, big numbers for sequels, particularly Spider-Man brand new day, top blockbuster, $923 million. I have a summer toy story five, took almost half a billion dollars. A devil-wise product did very well. IMAX had great season. That's pretty much thanks to Christopher Nolan's The Odyssey, which took in almost $600 million. A few of the indie horror-flix-did-wells obsession made for $750,000, grossed $263 million. Thumb stumbles, Disney's $250 million live-action Moana flopped as the DC's Superman follow-up Supergirl and Amazon's MGM's Masters of the Universe. All right, there we go, the top five business stories in five minutes. Thank you very much, Sean. Thanks, Michael. It is Friday, the 11th of September

6:232026. Remember to hit follow on the podcast and if five minutes just isn't enough. If you want more stories, then you can find our longer daily show called Fear and Greed, where Evie listened to podcasts. I'm Michael Thompson and that was The Fast Five Business News by Fear and Greed. Have a great day.