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

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Speaker 1: for Friday, the twenty third of January twenty twenty six.

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Speaker 1: I'm sure I elma. Every afternoon we bring you the

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Speaker 1: five big stories that happened today that you need to

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Speaker 1: know about. Sorry. Number one, the local shere market closed

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Speaker 1: flat today. It was up just to touch, with gold

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Speaker 1: stocks leading the way on the back of another new

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Speaker 1: record in the precious metals price. Gold hit. This is

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Speaker 1: US dollars four thousand, nine hundred and sixty four dollars

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Speaker 1: and ninety nine cents and ounce. Quite incredible. The other

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Speaker 1: notable on the market was Tracking Business Life three sixty,

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Speaker 1: which surged twenty seven percent after announcing it had nearly

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Speaker 1: one hundred million active global users worldwide are The tech stocks,

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Speaker 1: including next, DC and zero also rose for a rough

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Speaker 1: few weeks for the tech sector. Among the large caps,

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Speaker 1: the banks and big retailers were weaker, while the miners

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Speaker 1: were mixed by the closed SMPASX two hundred was at

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Speaker 1: eight thousand, eight hundred and sixty points, which means for

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Speaker 1: the full week the boss was off about half a percent.

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Speaker 1: Story Number two, the spurned Federal Liberal Party has come

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Speaker 1: out fighting, saying the Nationals will struggle to survive in

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Speaker 1: the long term because they won't be able to fend

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Speaker 1: off minor parties in independent rivals by saying they're part

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Speaker 1: of the government. Opposition leader Susan Lee's fighting to retain

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Speaker 1: her position as leader of the coalition and the Liberal Party.

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Speaker 1: Media reports say that even if she does, the Libs

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Speaker 1: won't be Even if she goes, the Libs won't be

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Speaker 1: rushing to unite back with the NATS. Those same reports

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Speaker 1: suggest it's likely that Lee will be replaced as the

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Speaker 1: head of the Libs. This week's The News poll put

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Speaker 1: support for One Nation at about twenty percent and for

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Speaker 1: the Nationals that just four percent. For his part, Prime

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Speaker 1: Minister Anthony Alberaniez, he is watching, I dare say he's

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Speaker 1: enjoying it. Today he said he expects at least one

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Speaker 1: more defection from the NATS to One Nation following Barnaby

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Speaker 1: Joyce's shift for Christmas Sorry. Number three of the Aussie

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Speaker 1: dollars on a tear, hitting a new sixteen month high today,

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Speaker 1: reaching sixty eight point five to three US sns, as

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Speaker 1: markets ramped up expectations of interest straight rises this year.

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Speaker 1: The currency is up two point three cents for the week,

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Speaker 1: its biggest weekly gain in about nine months, not really

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Speaker 1: that far off the twenty twenty four peak of sixty

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Speaker 1: nine point four two. US sense investors are now pricing

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Speaker 1: in a sixty percent chance of an RBA rate increase

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Speaker 1: in ten days time, one hundred percent chance of one

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Speaker 1: by May. They're also betting the way another rate hike

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Speaker 1: by the end of the year. Today, the dollar was

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Speaker 1: also higher against the euro, buying fifty eight point three

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Speaker 1: one eurocense. That's about the best in nine months. Story

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Speaker 1: number four a dreadful story from the Central West of

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Speaker 1: New South Wales. Three people are dead following a shooting

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Speaker 1: in the town of Lake Cajelligo yesterday afternoon. Specialist police

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Speaker 1: officers are now conducting a large scale search to locate

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Speaker 1: the alleged gunman. Officers from the Central West Police District

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Speaker 1: found a twenty five year old woman and a thirty

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Speaker 1: two year old man with gunshot wounds in a vehicle.

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Speaker 1: They died at the scene. Another person was found dead

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Speaker 1: close by. Story number five. TikTok and its Chinese parent

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Speaker 1: byte Edance have done a long awaited deal to transfer

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Speaker 1: part of its US operations to American investors, meaning the

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Speaker 1: video app will continue operating in that country. The social

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Speaker 1: media company has officially established a US entity with three

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Speaker 1: managing investors, Oracle private equity firm, silver Lake Management, and

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Speaker 1: Abu Dhabi based investment company MGX. TikTok's global CEO will

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Speaker 1: continue running by Dance's most valuable asset. It concludes several

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Speaker 1: years of jeopolitical and regulatory tussling to threaten to shut

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Speaker 1: down TikTok in the US over national security concerns That

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Speaker 1: ain't going to happen. Now, that's It's the afternoon Report

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Speaker 1: for Faday the twenty third of January twenty twenty six.

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Speaker 1: Make sure you're following the podcast and head along to

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Speaker 1: for our free daily newsletter. I'm Sean ae Elma. I'm

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Speaker 1: enjoy your reading