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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Tuesday, the tenth of February twenty twenty six. I'm

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Speaker 1: Michael Thompson, and every afternoon we've got the five stories

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Speaker 1: that happen today that you need to know about. Let's

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Speaker 1: go a story number one. The S and PA is

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Speaker 1: Sex two hundred closed zero point two percent higher today

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Speaker 1: to eight eight hundred and eighty seven points. Nine of

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Speaker 1: the eleven sectors gained ground today. Technology led the way

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Speaker 1: for a second day in a row after a big

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Speaker 1: sell off last week. Next, DC, Megaport, and Cloud Accounting

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Speaker 1: Group zero were all higher. Are uranium miners, including Paladin

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Speaker 1: and Deep Yellow both surge. They were both sold off

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Speaker 1: hard last week over concerns about future nuclear power demand

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Speaker 1: for AI. And while we're on the topic of AI,

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Speaker 1: the launch of a new AI tool in the US

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Speaker 1: has raised the specter of disruption to the insurance industry.

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Speaker 1: Steadfast fell nine and a half percent today, IAG was

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Speaker 1: off more than six percent, QB more than three percent.

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Speaker 1: It was a good day though for the big miners.

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Speaker 1: BHP and Rio Tinto both closed higher, and the CEO

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Speaker 1: of CSL is retiring. Doctor Paul Mackenzie stepping down after

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Speaker 1: seven years at the health giant and three years in

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Speaker 1: the top job. And before we move on from markets,

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Speaker 1: a very quick mention of the Aussie dollar. It came

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Speaker 1: mighty close to cracking the seventy one uscent mark today,

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Speaker 1: reaching seventy point nine to eight US sins before dropping

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Speaker 1: back ever so slightly. On to story number two, nine

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Speaker 1: people have been charged following a Sydney protest over the

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Speaker 1: visit of Israel's President Isaac Hertzog to Australia. Police have

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Speaker 1: confirmed twenty seven arrests were made after part of the

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Speaker 1: crowd attempted to push past offices outside town Hall last night.

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Speaker 1: The charges come ahead of another protest planned outside of

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Speaker 1: Sydney Police Station tonight, sparked by concerns over police conduct.

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Speaker 1: Sydney Lord Mayor Clover Moore has called for an independent investigation,

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Speaker 1: describing the scenes as distressing and unrecognizable for the city,

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Speaker 1: but New South Wales Premier Chris Mins has defended the

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Speaker 1: actions of police, saying officers were put in an impossible situation.

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Speaker 1: Story number three. New polling suggests one nation surge in

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Speaker 1: support may not actually translate into seats at a federal

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Speaker 1: election because of weak preference flows. This is really an

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Speaker 1: update to a story that I talked about yesterday afternoon.

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Speaker 1: More newspot data in the Australia now shows that despite

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Speaker 1: One Nation having a record high primary vote, if an

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Speaker 1: election had been held last week, the party would have

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Speaker 1: received just twenty nine percent of preferences from coalition, Greens

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Speaker 1: and independent voters. Around half of those voters would preference

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Speaker 1: Labor ahead of One Nation, while about one in five

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Speaker 1: said they didn't know or would just follow the party

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Speaker 1: how to vote cards that you get as you're walking

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Speaker 1: in to vote. Liberal voter preferences were split. Nationals voters

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Speaker 1: overwhelmingly favored One Nation, Green's voters strongly favored labor. End result.

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Speaker 1: Is it all just highlights how the Albanezi governments benefiting

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Speaker 1: continuously now from the fragmentation of the Conservative vote. Story

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Speaker 1: Number four, A major union is pushing to make working

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Speaker 1: from home a default right for more than a million

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Speaker 1: office workers, with the matter coming before the Fair Work

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Speaker 1: Commission today. Polling commissioned by the Australian Services Union shows

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Speaker 1: that eighty seven percent of workers support a formal right

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Speaker 1: to work remotely, with sixty percent saying it should actually

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Speaker 1: be the default wherever the job allows. The union wants

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Speaker 1: employee requests for remote work to be presumed approved and

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Speaker 1: for employers to give six months notice before forcing staff

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Speaker 1: back to the office. Employer groups argue that most requests

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Speaker 1: are actually already being approved and worn against locking rigid

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Speaker 1: rules into workplace awards. And finally, story number five, competition

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Speaker 1: between airlines continues to heat up, with Quantus launching what

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Speaker 1: it says is its largest domestic airfare sale in five years,

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Speaker 1: cutting prices on nearly two million seats across twenty five

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Speaker 1: different routes. Quantas says the six days sale is designed

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Speaker 1: to boost domestic travel and reconnect Australians with regional destinations,

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Speaker 1: but it comes hot on the heels of a battle

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Speaker 1: with Virgin Australia over economy upgrades. We're talking last week

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Speaker 1: about the airlines launching these sales for seats with more

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Speaker 1: leg room and priority boarding, and at the same time

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Speaker 1: the airlines are criticizing the complexity of new consumer protections

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Speaker 1: that are being introduced into law this year. They say

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Speaker 1: that these reforms, which set really minimum service standards for

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Speaker 1: the industry, as well as some guidelines around what passengers

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Speaker 1: can expect from airlines if their flights are late or canceled,

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Speaker 1: that these reforms could in fact increase prices for passengers.

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Speaker 1: So there you go. That's it for the Afternoon Report

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Speaker 1: for Tuesday, the tenth of February. Make sure you're following

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Speaker 1: the podcast, and please head along to Fear and Greed

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Speaker 1: dot com dot au to sign up for our free

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Speaker 1: daily newsletter. I'm Michael Thompson. Enjoy your evening,