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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 twenty seventh of January twenty twenty six.

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

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

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Speaker 1: go with story number one. The S and P ASX

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Speaker 1: two hundred hit a three month high today and closed

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Speaker 1: zero point nine percent up for the day at eighty

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Speaker 1: nine hundred and forty two points. That is the biggest

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Speaker 1: one day rise so far this year. A great day

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Speaker 1: for the miners, with the price of gold surging yet again,

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Speaker 1: this time passing five thousand, one hundred US dollars, an

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Speaker 1: ounce that played well for the local gold miners. Horizon

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Speaker 1: Minerals climbed more than five percent, Newmont was up one

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Speaker 1: point four percent. The price of silver was up as well.

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Speaker 1: That helped the silver miners, but the big story was

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Speaker 1: another miner, the Big Australian BHP, once again the biggest Australian.

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Speaker 1: It was up more than two point seven percent today

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Speaker 1: with a market cap of two hundred and fifty three

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Speaker 1: billion dollars, passing Comnwealth Bank to become the largest company

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Speaker 1: on the ASX We will have more on this one

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Speaker 1: tomorrow morning. At the other end of the market, monitoring

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Speaker 1: app Life three sixty was off more than eight percent today,

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Speaker 1: as was Minor Alcoa and a quick shout out to

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Speaker 1: the Aussie dollar. It has climbed to sixty nine point

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Speaker 1: four US since approaching its highest level in three years.

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Speaker 1: On to story number two. Now in Victoria has recorded

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Speaker 1: its hottest temperature ever, with the town of wolpy Up

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Speaker 1: in the state's northwest hitting forty eight point nine degrees

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Speaker 1: this afternoon. It is an incredible heat wave. Melbourne has

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Speaker 1: climbed past forty degrees and at the Australian Open the

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Speaker 1: heat stress scale has reached level five, the highest rating.

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Speaker 1: The roof at Rod Labor Arena and Margaret Cord Arena

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Speaker 1: both been closed. Outdoor matches suspended, spectators told to six

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Speaker 1: shades stay hydrated. A cool change is not expected until

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Speaker 1: about eight o'clock tonight between eight and nine, bringing temperatures

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Speaker 1: back into the twenties for the city and southern Victoria,

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Speaker 1: but for much of the state's north and west, conditions

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Speaker 1: are expected to remain dangerously hot, between forty and forty

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Speaker 1: five degrees until at least Saturday, and there are six

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Speaker 1: major bush fires burning across the state, three of them

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Speaker 1: are out of control. Story number three. Queensland Premier David

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Speaker 1: Christi fully has condemned the burning of an Australian flag

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Speaker 1: at Invasion Day protests in Brisbane, describing the act as

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Speaker 1: as disgraceful as you get. Several thousand people attended rallies

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Speaker 1: across the city yesterday, with one protest as setting fire

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Speaker 1: to the flag. Krystall fully said the act crossed from

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Speaker 1: legitimate protest into provocation and called on the federal government

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Speaker 1: to consider adding flag burning to hate speech legislation. He

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Speaker 1: said Queensland would support such a move if it were

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Speaker 1: made an offense federally, and would enforce it. Story number four.

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Speaker 1: Revenue at defense tech company drone Shield almost quadrupled last year,

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Speaker 1: but investors have been spooked by a shrinking sales pipeline

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Speaker 1: and higher than expected COPS. Shares fell six point five

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Speaker 1: percent today after the company released unaudited results showing revenue

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Speaker 1: jumped from fifty seven million dollars to two hundred and

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Speaker 1: sixteen million dollars. Its sales pipeline, though, dropped from two

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Speaker 1: point five to five billion to two point one billion.

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Speaker 1: D shield says most of its pipeline is now in Europe,

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Speaker 1: where demand for counter drone technology continues to rise. Investors, though,

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Speaker 1: have had a pretty wild ride over the last year,

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Speaker 1: from a peak share price of six dollars seventy in

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Speaker 1: October that was really when Drone shield was a market darling,

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Speaker 1: to a low of one dollar seventy two the following month,

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Speaker 1: after a backlash over the sales of shares by the

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Speaker 1: company's chief executive and other directors. Finally, story number five,

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Speaker 1: the Trump administration has pulled its top border patrol commander

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Speaker 1: out of Minneapolis as outrage grows over the fatal shooting

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Speaker 1: of a civilian by federal immigration officers, with even the

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Speaker 1: National Rifle Association the NRA breaking ranks to criticize the

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Speaker 1: White House. Border Patrol Commander at Large Greg Bavino, and

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Speaker 1: some of his agents are being withdrawn from the city

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Speaker 1: following the killing of the thirty seven year old Alex Pretty,

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Speaker 1: who was shot dead by federal agents during a protest.

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Speaker 1: Video circulating online suggests that Pretty, who was legally allowed

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Speaker 1: to carry a fire firearm, wasn't actually holding it at

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Speaker 1: the time that he was shot. The NRA, which is

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Speaker 1: usually a staunch Trump ally, has called for a full investigation,

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Speaker 1: saying it is quote dangerous and wrong to suggest law

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Speaker 1: abiding citizens can be legally killed simply for approaching police

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Speaker 1: while armed. That is it for the afternoon Report for Tuesday,

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Speaker 1: the twenty seventh of January twenty twenty six. Make sure

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Speaker 1: you are following the podcast Very Important and head along

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Speaker 1: the Fear and Breed dot com dot are you to

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Speaker 1: sign up for our free daily newsletter. A'm Michael Thompson.

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Speaker 1: Enjoy your Eve