1
00:00:04,120 --> 00:00:06,840
Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

2
00:00:06,920 --> 00:00:09,760
Speaker 1: for Monday, the seventeenth of February twenty twenty five. I'm

3
00:00:09,800 --> 00:00:12,800
Speaker 1: Sean Almer. Every afternoon, we've got the five stories that

4
00:00:12,880 --> 00:00:15,120
Speaker 1: happened today that you need to know about. Strom one

5
00:00:15,120 --> 00:00:17,720
Speaker 1: on this and PASX two hundred closed down just to

6
00:00:17,720 --> 00:00:20,439
Speaker 1: touch today to finish at eighty five hundred and thirty

7
00:00:20,440 --> 00:00:23,840
Speaker 1: seven points. It dropped earlier in the morning, then then

8
00:00:24,000 --> 00:00:26,800
Speaker 1: sort of spent most of the session climbing higher until

9
00:00:26,880 --> 00:00:30,520
Speaker 1: his teas and consumer staples did best, while financials and

10
00:00:30,680 --> 00:00:33,640
Speaker 1: energy stocks lagged. Gold stocks, which have been the best

11
00:00:33,640 --> 00:00:36,160
Speaker 1: of the market for most of this year, were sold

12
00:00:36,200 --> 00:00:39,200
Speaker 1: off as the price of the precious metal fel golds

13
00:00:39,240 --> 00:00:41,720
Speaker 1: back down to about twenty nine hundred US dollsand ounce.

14
00:00:42,000 --> 00:00:44,760
Speaker 1: In corporate news, lend Lisa's share price rose after it

15
00:00:44,800 --> 00:00:47,559
Speaker 1: announced its half year profit. The group is in the

16
00:00:47,600 --> 00:00:51,280
Speaker 1: midst of a strategy overhaul, shifting away from global operations.

17
00:00:51,680 --> 00:00:54,440
Speaker 1: Woodside Energy share price fell three percent after the oil

18
00:00:54,480 --> 00:00:57,760
Speaker 1: and gas producer issued guidance for costs and tax expenses

19
00:00:57,800 --> 00:01:01,280
Speaker 1: for the twenty twenty four year, which suggests the final

20
00:01:01,360 --> 00:01:03,560
Speaker 1: divid end which will be announced in about a week's

21
00:01:03,560 --> 00:01:06,960
Speaker 1: time might just disappoint and a quick mention of these

22
00:01:07,120 --> 00:01:10,400
Speaker 1: Aussie dollar up to sixty three point six US since

23
00:01:10,880 --> 00:01:13,720
Speaker 1: story number two. One company that hasn't had a good

24
00:01:13,720 --> 00:01:17,440
Speaker 1: time of it recently is Arizon. It's a haulage business

25
00:01:17,440 --> 00:01:20,640
Speaker 1: that shifts coal, grain and other commodities around Queensland, South

26
00:01:20,640 --> 00:01:24,400
Speaker 1: Australia and the Northern Territory. It also owns the rail lines.

27
00:01:24,640 --> 00:01:28,280
Speaker 1: It announced a disappointing earnings result today and downgraded its

28
00:01:28,319 --> 00:01:31,720
Speaker 1: full year forecast, sending its share price lower. In fact,

29
00:01:31,760 --> 00:01:34,280
Speaker 1: it to hit an all time low. Basically, this is

30
00:01:34,319 --> 00:01:38,240
Speaker 1: a company that needs a kickstart. It's been talking about

31
00:01:38,240 --> 00:01:41,160
Speaker 1: separating the train line business and the haulage business for

32
00:01:41,200 --> 00:01:44,280
Speaker 1: a long time. Most similar organizations actually do one or

33
00:01:44,319 --> 00:01:46,120
Speaker 1: the other, but not both. But because it used to

34
00:01:46,120 --> 00:01:49,840
Speaker 1: be Queensland Rail, it does both. I thought an interesting

35
00:01:49,880 --> 00:01:52,320
Speaker 1: fact of the day from this story. Shipping line A

36
00:01:52,400 --> 00:01:56,120
Speaker 1: and L brings in about one hundred containers every ten days.

37
00:01:56,160 --> 00:01:58,480
Speaker 1: It's ten a day on average, and they're sent on

38
00:01:58,520 --> 00:02:04,160
Speaker 1: Horizon trains to South Failure ten containers every day. That's

39
00:02:04,200 --> 00:02:06,160
Speaker 1: a lot of stuff. Straight up. A three majority of

40
00:02:06,200 --> 00:02:09,520
Speaker 1: voters don't believe the federal Labor government deserves to be

41
00:02:09,600 --> 00:02:13,120
Speaker 1: re elected, with Anthony Albanese's approval rating hitting a record

42
00:02:13,160 --> 00:02:17,640
Speaker 1: low of minus twenty one, but voters remain reluctant to

43
00:02:17,800 --> 00:02:20,760
Speaker 1: swing behind Peter Dunton in sufficient numbers at least for

44
00:02:20,800 --> 00:02:24,079
Speaker 1: the coalition to win a majority government. As MP's prepare

45
00:02:24,080 --> 00:02:26,720
Speaker 1: for a federal election to be called potentially within weeks.

46
00:02:26,960 --> 00:02:30,560
Speaker 1: An exclusive news poll conducted for The Australian shows the

47
00:02:30,560 --> 00:02:33,600
Speaker 1: Coalition maintaining a fifty one to forty nine percent two

48
00:02:33,680 --> 00:02:37,600
Speaker 1: party preferred lead over Labour despite a one point four

49
00:02:37,680 --> 00:02:40,680
Speaker 1: in its primary vote to thirty eight percent. Labour's primary

50
00:02:40,760 --> 00:02:43,840
Speaker 1: vote remains stuck on an equal record low of thirty

51
00:02:43,880 --> 00:02:47,320
Speaker 1: one percent the two party preferred result. In the case

52
00:02:47,400 --> 00:02:50,120
Speaker 1: of three point one percent swing against Labour since the

53
00:02:50,160 --> 00:02:53,360
Speaker 1: last election, on a uniform basis and taking into account

54
00:02:53,360 --> 00:02:57,320
Speaker 1: new margins created by electoral redistributions, the swing would be

55
00:02:57,400 --> 00:02:59,640
Speaker 1: the equivalent to the loss of seven or eight seats.

56
00:03:00,040 --> 00:03:04,880
Speaker 1: That's enough to prevent Mistrailmenezi forming a majority government, however,

57
00:03:05,520 --> 00:03:09,040
Speaker 1: not enough for the coalition to win power. Story number

58
00:03:09,080 --> 00:03:11,880
Speaker 1: four plenty going on at Star Entertainment, The AFI is

59
00:03:11,960 --> 00:03:16,040
Speaker 1: reporting that publican Bruce Matheson wants to buy the group's

60
00:03:16,040 --> 00:03:18,280
Speaker 1: Gold Coast property, or at least he did last year

61
00:03:18,320 --> 00:03:21,160
Speaker 1: for about five hundred and fifty million dollars. Reckon they

62
00:03:21,160 --> 00:03:23,200
Speaker 1: take that now the market capital the company's only three

63
00:03:23,280 --> 00:03:26,680
Speaker 1: hundred and seventy three million dollars. Also, oak Tree Capital Management,

64
00:03:26,720 --> 00:03:31,080
Speaker 1: which is a specialist in distressed debt situations, is interested

65
00:03:31,120 --> 00:03:34,359
Speaker 1: in refinancing the company's LANs. There's also offered from a

66
00:03:34,360 --> 00:03:38,280
Speaker 1: Hong Kong group for Queen's Wharf in Brisbane that apparently

67
00:03:38,360 --> 00:03:42,400
Speaker 1: isn't being considered. Meanwhile, Starr's former chief cacino officer, Greg

68
00:03:42,400 --> 00:03:45,040
Speaker 1: Hawkins has agreed to settle with the corporate regulator over

69
00:03:45,080 --> 00:03:48,720
Speaker 1: his misconduct in dealing with a large Macau junket operator.

70
00:03:49,200 --> 00:03:51,920
Speaker 1: Bottom line and all this, this company is very very

71
00:03:51,920 --> 00:03:56,120
Speaker 1: close to voluntary administration. If the Tree deal doesn't come off,

72
00:03:56,400 --> 00:03:59,720
Speaker 1: some investors think it will end up in voluntary administration.

73
00:04:00,240 --> 00:04:04,480
Speaker 1: And story number five. European countries are coalescing over the

74
00:04:04,560 --> 00:04:08,200
Speaker 1: United States's attitude to Russia and Ukraine, with the BLOCKS

75
00:04:08,240 --> 00:04:12,120
Speaker 1: President saying the EU must be involved in negotiations about

76
00:04:12,120 --> 00:04:15,560
Speaker 1: the end of the war. EU President Antonio Costa and

77
00:04:15,640 --> 00:04:18,359
Speaker 1: other senior European leaders a meeting in Paris this week

78
00:04:18,440 --> 00:04:22,080
Speaker 1: to discuss their response to US President Donald Trump's decision

79
00:04:22,120 --> 00:04:24,279
Speaker 1: to begin talks to end the almost three year war

80
00:04:24,480 --> 00:04:27,560
Speaker 1: with Russias Vladimir Putin. The Paris talks come as the

81
00:04:27,720 --> 00:04:30,560
Speaker 1: US and Russia's top diplomats prepare for face to face

82
00:04:30,600 --> 00:04:33,640
Speaker 1: talks in Saudi Arabia, and will focus on how to

83
00:04:33,680 --> 00:04:36,400
Speaker 1: respond to the fast moving negotiations and Trump's demand for

84
00:04:36,440 --> 00:04:40,520
Speaker 1: Europe to reduce its reliance on US military support. That's

85
00:04:40,560 --> 00:04:43,200
Speaker 1: it for the afternoon report for Monday, these seventeenth, February

86
00:04:43,200 --> 00:04:45,520
Speaker 1: twenty twenty five. Make sure you hit follow on the podcast.

87
00:04:45,560 --> 00:04:47,760
Speaker 1: We will be back tomorrow morning with the Tuesday edition.

88
00:04:47,800 --> 00:04:50,200
Speaker 1: In the past five Business News five Here in Greek,

89
00:04:50,480 --> 00:04:52,480
Speaker 1: I'm Sean Elmer. Enjoy your Easny,