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

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Speaker 1: for Monday, the twenty third of February twenty twenty six.

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

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Speaker 1: stories that happened today that you need to know about.

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Speaker 1: Let's go with story number one. The SMPA SX two

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Speaker 1: hundred fell zero point six percent today to nineenty twenty

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Speaker 1: six points, pulling back from a near record high after

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Speaker 1: Donald Trump flagged a fresh fifteen percent tariff on all imports.

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Speaker 1: We talked about that this morning. It followed a US

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Speaker 1: Supreme Court ruling against his earlier levies that he imposed

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Speaker 1: as part of the Liberation Day tariffs last year. This

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Speaker 1: update has created a lot of uncertainty, and markets, of course,

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Speaker 1: do not like uncertainty. Eight of the eleven sectors finished

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Speaker 1: lower today, with Technology the weakest. Wise, Tech and Technology

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Speaker 1: one both dropped more than five percent, while next DC

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Speaker 1: fell more than one percent four percent. Rather, the big

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Speaker 1: four banks also eased, with A and Z down two

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Speaker 1: point three percent, Westpac off one point two percent, NAB

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Speaker 1: down almost one percent, and Comwealth Bank slipping zero point

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Speaker 1: six percent. Mining stocks outperformed today as gold rose more

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Speaker 1: than one percent, the price of the precious metal, jumping

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Speaker 1: to around five thousand, one hundred and sixty US dollars

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Speaker 1: an ounce. In times of uncertainty, of course, investors go

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Speaker 1: for that safe haven, and Romilius jumped eight point two

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Speaker 1: percent and Newmont climbed almost five percent. BHP hit a

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Speaker 1: fresh high of fifty four dollars and seventy five cents

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Speaker 1: before closing up one point three percent today to just

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Speaker 1: a touch below that number. Plenty of other results out today,

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Speaker 1: a lot of movement. Bit more on those shortly under

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Speaker 1: story number two now. And the Coalition has accused Labor

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Speaker 1: of hypocrisy over tariffs as the government considers carbon based

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Speaker 1: import charges while lobbying the US for an exemption from

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Speaker 1: Donald Trump's new fifteen percent global tariff. As I was

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Speaker 1: just talking about. A government can mission report suggests that

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Speaker 1: Australia may need a quote carbon border adjustment on imports

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Speaker 1: like steel, cement and fertilizer from high pollution countries as

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Speaker 1: to protect local industry. National's leader David Little Proud today

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Speaker 1: said it was contradictory to oppose US tariffs while weighing

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Speaker 1: Australia's own trade barriers Climate Minister Chris Bowen rejected the characterizations,

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Speaker 1: saying that any scheme introduced would level the playing field

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Speaker 1: and have quote vanishingly small impact on consumers. The Government

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Speaker 1: has not decided whether to adopt the recommendation, but any

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Speaker 1: move could mark a significant shift in trade policy and

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Speaker 1: potentially reignite debate about protectionism versus free trade. Story number

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Speaker 1: three A very significant day. Tomorrow, the Royal Commission into

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Speaker 1: the Bondai Beach Massacre and Anti Semitism begins public hearings

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Speaker 1: in Sydney at former High Court Judge Virginia Bell will

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Speaker 1: outline how the inquiry will operate before traveling to Bondai

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Speaker 1: to meet survivors and families of the fifteen people killed

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Speaker 1: in the December attack. The commission will examine the rise

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Speaker 1: of anti Semitism in Australia, the radicalization of the two attackers,

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Speaker 1: potential intelligence failures leading up to the attack, and whether

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Speaker 1: government's ignored warnings. A final reporters due by mid December.

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Speaker 1: It will also consider whether legal reforms or broader social

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Speaker 1: changes are needed to counter extremism and strengthen social cohesion.

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Speaker 1: Story number four I mentioned that there were a lot

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Speaker 1: of companies reporting their results. Today, Read's Healthcare jumps more

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Speaker 1: than seven percent after announcing better than expected revenue and earnings,

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Speaker 1: even though net profit was weighed down by acquisition related items.

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Speaker 1: Petrol and diesel supplier Ampole posted a thirty three percent

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Speaker 1: drop in net profit for the full year, but if

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Speaker 1: you exclude the impact of oil prices on inventories, which

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Speaker 1: is a measure that gives essentially a better view of

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Speaker 1: how the business is actually traveling, then profit was up

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Speaker 1: more than eighty percent. The share price was down two percent. Today,

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Speaker 1: Software company Neui surged more than fifteen percent. It's December

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Speaker 1: results exceeded expectations. Plumbing group Rees jumps nearly fourteen percent

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Speaker 1: after its first half earnings beat consensus forecasts, and lend

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Speaker 1: Lease fell seven point two percent as it swung to

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Speaker 1: an operating net loss of three hundred and eighteen million

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Speaker 1: dollars driven by a two hundred and eighty four million

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Speaker 1: dollar right down. And finally, story number five US Secret

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Speaker 1: Service agents and a local sheriff's deputy have shopped dead

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Speaker 1: a twenty one year old man who entered the secure

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Speaker 1: perimeter of Donald Trump's Mari Lago estate in Florida. Authority

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Speaker 1: say the man was carrying a gas canister and a

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Speaker 1: shotgun and raised the weapon after being ordered to drop it.

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Speaker 1: The President was not at the property at the time.

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Speaker 1: The FBI is leading the investigation. No officers were injured

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Speaker 1: in the incident, and the incident actually comes after two

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Speaker 1: separate assassination attempts on Donald Trump during the twenty twenty

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Speaker 1: four campaign, which added to the heightened security concerns around

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Speaker 1: the president's flot alreador estate. And that is it for

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Speaker 1: the Afternoon Report for Monday, the twenty third of February.

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Speaker 1: Make sure you're following the podcast and headlong to Fearandegreed

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Speaker 1: dot com dot A you to sign up for our

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Speaker 1: free daily newsletter. A'm Michael Thompson. Enjoy your evening.