1
00:00:03,520 --> 00:00:06,720
Speaker 1: Welcome to Fear and Greed. Business News Afternoon Report for Thursday,

2
00:00:06,760 --> 00:00:09,000
Speaker 1: the night of October twenty twenty five. I'm sure in

3
00:00:09,039 --> 00:00:12,000
Speaker 1: Alma every afternoon we've got the five stories that happened

4
00:00:12,039 --> 00:00:13,920
Speaker 1: today that you need to know about. Story I'm one.

5
00:00:13,920 --> 00:00:16,480
Speaker 1: The S and PA six two hundred closed up one

6
00:00:16,560 --> 00:00:18,880
Speaker 1: quarter of percent today to eight thousand, nine hundred and

7
00:00:18,920 --> 00:00:22,560
Speaker 1: seventy points. Materials was the best performing sector and offset

8
00:00:22,560 --> 00:00:25,919
Speaker 1: losses in banks and textocs. Copper miners did well, with

9
00:00:26,040 --> 00:00:29,640
Speaker 1: the red metal hitting sixteen month high this morning. BHP

10
00:00:29,720 --> 00:00:32,200
Speaker 1: and RIO both rallied on the news. Lithium miners also

11
00:00:32,320 --> 00:00:36,599
Speaker 1: tracked higher, with Lake Resources, Igo and Mineral Resources outperforming.

12
00:00:36,960 --> 00:00:39,479
Speaker 1: Gold and silver miners generally dropped on a bout of

13
00:00:39,479 --> 00:00:42,800
Speaker 1: profit taking. Among the large caps, National Australia Banking Commonwealth

14
00:00:42,840 --> 00:00:45,120
Speaker 1: Bank both fell more than one percent. I'll think the

15
00:00:45,200 --> 00:00:48,080
Speaker 1: healthcare was up more than three percent. Story number two.

16
00:00:48,159 --> 00:00:51,159
Speaker 1: Israel and Tomas have agreed a deal to release all

17
00:00:51,200 --> 00:00:54,520
Speaker 1: the remaining hostages held in Gaza as part of the

18
00:00:54,560 --> 00:00:57,680
Speaker 1: first phase of US President Donald Trump's plan to end

19
00:00:57,720 --> 00:01:00,000
Speaker 1: the devastating two year war in the Strip. According to

20
00:01:00,200 --> 00:01:04,520
Speaker 1: The Financial Times, Trump wrote on truth social All of

21
00:01:04,560 --> 00:01:07,480
Speaker 1: the hostages will be released very soon, and Israel will

22
00:01:07,480 --> 00:01:10,679
Speaker 1: withdraw their troops to an agreed uponline as the first

23
00:01:10,720 --> 00:01:15,319
Speaker 1: steps towards a strong, durable, and everlasting peace. The agreement

24
00:01:15,360 --> 00:01:19,600
Speaker 1: marks a significant breakthrough in the US President's renewed push

25
00:01:19,640 --> 00:01:21,959
Speaker 1: to end the war, which has killed tens of thousands

26
00:01:22,000 --> 00:01:25,679
Speaker 1: of people, devastated Gaza, and triggered a wave of conflict

27
00:01:25,680 --> 00:01:29,520
Speaker 1: across the Middle East. Israeli Prime Minister Benjaminettino, who said

28
00:01:29,560 --> 00:01:32,760
Speaker 1: he would convene his government tonight to approve the agreement

29
00:01:32,840 --> 00:01:37,000
Speaker 1: and bring all our beloved hostages home. Story number three,

30
00:01:37,040 --> 00:01:39,920
Speaker 1: a price dispute between BHP and China state run iron

31
00:01:40,000 --> 00:01:43,320
Speaker 1: or buyer risks dragging on for months and even into

32
00:01:43,360 --> 00:01:45,960
Speaker 1: next year, as both sides remain locked in a stalemate.

33
00:01:46,240 --> 00:01:49,440
Speaker 1: According to Bloomberg, so far, the world's largest miner has

34
00:01:49,440 --> 00:01:52,640
Speaker 1: seen minimal disruption in its shipments to China, largely because

35
00:01:52,680 --> 00:01:55,440
Speaker 1: the company has already sold most of its allocation of

36
00:01:55,560 --> 00:01:59,080
Speaker 1: iron ore for November and December. The crunch time will

37
00:01:59,120 --> 00:02:01,920
Speaker 1: be January next year. Ye BHP's put forward as many

38
00:02:01,920 --> 00:02:05,320
Speaker 1: as fifty cargoes in the days after China Mineral Resources

39
00:02:05,320 --> 00:02:07,720
Speaker 1: Group ordered a suspension of purchases at the end of

40
00:02:07,800 --> 00:02:11,239
Speaker 1: last month. The shipments have been offered to international traders

41
00:02:11,280 --> 00:02:14,760
Speaker 1: and at least one other Chinese outfit. Story number four.

42
00:02:14,800 --> 00:02:18,520
Speaker 1: Hex's debt cuts of twenty percent will take effect the

43
00:02:18,560 --> 00:02:21,600
Speaker 1: three million Australians from next month, with a majority of

44
00:02:21,639 --> 00:02:25,440
Speaker 1: cuts delivered before Christmas. That's according to Education Minister Jason

45
00:02:25,440 --> 00:02:28,399
Speaker 1: clare Claire said, the average debt holder with a loan

46
00:02:28,440 --> 00:02:30,880
Speaker 1: of twenty seven thy six hundred would have their Hex's

47
00:02:30,880 --> 00:02:33,880
Speaker 1: debt cut by five and a half thousand dollars. The

48
00:02:33,960 --> 00:02:37,560
Speaker 1: government will also raise the threshold for payments. Good news

49
00:02:37,639 --> 00:02:41,000
Speaker 1: for former students and story number five. An Australian scientist

50
00:02:41,120 --> 00:02:44,240
Speaker 1: has been jointly awarded the Nobel Prize for Chemistry. Prime

51
00:02:44,240 --> 00:02:48,079
Speaker 1: Minister Anthony Albernezi in Opposition Leader Susan Lee congratulated Professor

52
00:02:48,440 --> 00:02:51,560
Speaker 1: Richard Robson of the University of Melbourne, who received the

53
00:02:51,600 --> 00:02:55,520
Speaker 1: award for his achievements in the development of metal organic frameworks,

54
00:02:55,840 --> 00:02:59,240
Speaker 1: which could lay the groundwork for extracting greenhouse gases from

55
00:02:59,280 --> 00:03:03,359
Speaker 1: the atmosphere harvesting moisture from desert environments. That's it for

56
00:03:03,360 --> 00:03:06,200
Speaker 1: the Afternoon report for Thursday. The ninth of October twenty

57
00:03:06,200 --> 00:03:08,160
Speaker 1: twenty five, make sure you hit follow on the podcast.

58
00:03:08,440 --> 00:03:10,160
Speaker 1: We will be back to Row Morning with a Friday

59
00:03:10,280 --> 00:03:12,239
Speaker 1: edition of Fear and Greed business News. I'm sure I

60
00:03:12,240 --> 00:03:13,840
Speaker 1: Alma enjoy your evening