1 00:00:03,480 --> 00:00:06,160 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,200 --> 00:00:08,760 Speaker 1: for Wednesday, the ninth of December twenty twenty five, Oh 3 00:00:08,800 --> 00:00:11,799 Speaker 1: Michael Thompson, and every afternoon we have the five big 4 00:00:11,840 --> 00:00:14,000 Speaker 1: stories that happened today that you need to know about. 5 00:00:14,200 --> 00:00:16,560 Speaker 1: Let's go with story number one. The Reserve Bank of 6 00:00:16,600 --> 00:00:20,800 Speaker 1: Australia kept the interest rates unchanged this afternoon and warned 7 00:00:20,800 --> 00:00:23,840 Speaker 1: that inflation risks had tilted to the upside. The two 8 00:00:23,960 --> 00:00:27,800 Speaker 1: thirty PM announcement send bond yields slightly lower, though markets 9 00:00:27,800 --> 00:00:30,720 Speaker 1: still have priced in a hike next year. The Aussie 10 00:00:30,760 --> 00:00:34,000 Speaker 1: dollars slipped slightly, while the share market dropped back. By 11 00:00:34,040 --> 00:00:36,440 Speaker 1: the closes, the S and PA Sex two hundred was 12 00:00:36,479 --> 00:00:39,319 Speaker 1: down zero point four to five percent, so nearly half 13 00:00:39,360 --> 00:00:42,520 Speaker 1: of one percent to eight thousand, five hundred and eighty 14 00:00:42,560 --> 00:00:45,040 Speaker 1: six points. We will have plenty more on the rates 15 00:00:45,040 --> 00:00:49,200 Speaker 1: decision in tomorrow morning show. While the equity market fall 16 00:00:49,479 --> 00:00:52,720 Speaker 1: was not huge, it was widespread, with all eleven sub 17 00:00:52,720 --> 00:00:56,800 Speaker 1: indices ending lower, led by energy, healthcare and tech stocks. 18 00:00:57,080 --> 00:00:59,640 Speaker 1: The big banks were mixed, with Commonwealth Bank lower while 19 00:00:59,720 --> 00:01:03,279 Speaker 1: NAB one percent higher. The big miners outperformed, continuing their 20 00:01:03,360 --> 00:01:07,160 Speaker 1: run of recent sessions. Sigma Healthcare and QB were other 21 00:01:07,280 --> 00:01:10,800 Speaker 1: strong performers Today Onto story number two now and the 22 00:01:11,040 --> 00:01:16,200 Speaker 1: powerful and privileged farewell former labor power broker Graham Richardson 23 00:01:16,280 --> 00:01:18,640 Speaker 1: at a state funeral in Sydney today. The Prime Minister 24 00:01:18,640 --> 00:01:22,360 Speaker 1: Anthony Albanezi was there, as was former PM Tony Abbott. 25 00:01:22,560 --> 00:01:25,400 Speaker 1: Labor elite attended, as did many from the conservative side 26 00:01:25,400 --> 00:01:28,200 Speaker 1: of politics, including former Treasurer Joe Hockey, who flew in 27 00:01:28,240 --> 00:01:32,520 Speaker 1: from New York. The pallbearers included retired Labor Defense Minister 28 00:01:32,600 --> 00:01:36,600 Speaker 1: Joel Fitzgibbon, Daily Telegraph editor Ben English and colorful ex 29 00:01:36,600 --> 00:01:40,479 Speaker 1: Socceroos goalkeeper Mark Bosnich two GBS Ben Fordham was there, 30 00:01:40,560 --> 00:01:44,720 Speaker 1: as was former radio announcer Alan Jones, Nine Entertainment editor 31 00:01:45,000 --> 00:01:49,600 Speaker 1: Richard Wilkins, former Crown Prosecutor Margaret Caneen, neurosurgeon Charlie Teo, 32 00:01:49,760 --> 00:01:52,840 Speaker 1: and ex New South Wales Police chief Mick Fuller. The 33 00:01:52,920 --> 00:01:55,480 Speaker 1: final word on this, though, we were give to Barnaby Joyce, 34 00:01:55,480 --> 00:01:59,840 Speaker 1: who arrived and greeted the media. When asked what rich 35 00:02:00,160 --> 00:02:04,560 Speaker 1: would be remembered for, he said, and I quote ruthlessness, 36 00:02:04,840 --> 00:02:08,720 Speaker 1: absolute and utter ruthlessness in politics. There are people with 37 00:02:08,800 --> 00:02:12,360 Speaker 1: fire extinguishers and people with cans of petrol. That man 38 00:02:12,480 --> 00:02:15,440 Speaker 1: had a can of petrol under story number three now 39 00:02:15,480 --> 00:02:16,960 Speaker 1: A stock that had a bit of a rough time 40 00:02:17,000 --> 00:02:20,800 Speaker 1: of it today was Bapcoor, owner of Burston Autoparts, Auto Barn, 41 00:02:21,040 --> 00:02:24,240 Speaker 1: Midas and others. It downgraded its earnings outlook, sending its 42 00:02:24,240 --> 00:02:26,760 Speaker 1: share price down more than twenty percent. The group now 43 00:02:26,760 --> 00:02:29,760 Speaker 1: expects a loss for the first half and said trading 44 00:02:29,840 --> 00:02:32,680 Speaker 1: was softer in October and November as price cuts in 45 00:02:32,720 --> 00:02:36,920 Speaker 1: its trade division, particularly around tools and equipment, start to 46 00:02:36,960 --> 00:02:41,640 Speaker 1: hit profit margins. Story number four TPG Telecom chief executive 47 00:02:41,639 --> 00:02:45,280 Speaker 1: in Jaco Barroeta has revealed a second person may have 48 00:02:45,360 --> 00:02:48,600 Speaker 1: died after they failed to connect to Triple zero using 49 00:02:48,600 --> 00:02:52,560 Speaker 1: an older Samsung phone. Mister Barroetta was the first CEO 50 00:02:52,560 --> 00:02:55,280 Speaker 1: to appear at a Senate inquiry into fatal flaws in 51 00:02:55,320 --> 00:02:59,160 Speaker 1: Australia's emergency call system this morning. He began by apologizing 52 00:02:59,200 --> 00:03:01,160 Speaker 1: to the family of a Sea Any person who died 53 00:03:01,240 --> 00:03:04,519 Speaker 1: last month after a relative failed to connect to Triple 54 00:03:04,639 --> 00:03:08,079 Speaker 1: zero using an older Samsung device. A second person in 55 00:03:08,160 --> 00:03:11,600 Speaker 1: Wentworth Falls in the New South Wales Blue Mountains may 56 00:03:11,760 --> 00:03:14,120 Speaker 1: have also died after failing to make a four G 57 00:03:14,240 --> 00:03:17,320 Speaker 1: emergency call, according to a report in The Australian. Mister 58 00:03:17,360 --> 00:03:21,079 Speaker 1: Beroetta said TPG has sought further clarification from New South 59 00:03:21,080 --> 00:03:24,480 Speaker 1: Wales Ambulance and finally story number five. At least thirty 60 00:03:24,520 --> 00:03:27,920 Speaker 1: people were injured after a magnitude seven point five earthquake 61 00:03:28,000 --> 00:03:31,520 Speaker 1: hit northeastern Japan this morning, forcing thousands of people to 62 00:03:31,560 --> 00:03:34,640 Speaker 1: evacuate their homes. The quake occurred at a depth of 63 00:03:34,680 --> 00:03:38,400 Speaker 1: fifty kilometers about eighty k's off the coast. The Japan 64 00:03:38,520 --> 00:03:42,400 Speaker 1: Meteorological Agency said it prompted tsunami warnings, which have now 65 00:03:42,480 --> 00:03:46,120 Speaker 1: been lifted. Some train services were suspended and thousands of 66 00:03:46,120 --> 00:03:49,560 Speaker 1: homes have been left without power as a result. Authorities 67 00:03:49,600 --> 00:03:52,440 Speaker 1: have also warned that a stronger tremor could occur in 68 00:03:52,480 --> 00:03:55,520 Speaker 1: the coming days, urging the public to remain on high 69 00:03:55,560 --> 00:03:58,720 Speaker 1: alert for at least a week, according to local media reports. 70 00:03:59,080 --> 00:04:01,440 Speaker 1: And that's it for the afternoon Report for Wednesday, the 71 00:04:01,560 --> 00:04:04,640 Speaker 1: ninth of December twenty twenty five. Make sure you hit 72 00:04:04,640 --> 00:04:06,680 Speaker 1: follow on the podcast head along to Fear and Greed 73 00:04:06,840 --> 00:04:08,960 Speaker 1: dot com dot au to sign up for our free 74 00:04:09,080 --> 00:04:11,400 Speaker 1: daily Newsletter'll put a link in today's show notes as well. 75 00:04:11,600 --> 00:04:13,600 Speaker 1: I'm Michael Thompson. Enjoy your evening.