1
00:00:04,160 --> 00:00:07,000
Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

2
00:00:07,040 --> 00:00:09,840
Speaker 1: for Tuesday, the thirty first of March twenty twenty six.

3
00:00:09,920 --> 00:00:12,440
Speaker 1: Oh Michael Thompson, and every afternoon, we've got the five

4
00:00:12,440 --> 00:00:14,520
Speaker 1: stories that happened today that you need to know about.

5
00:00:14,920 --> 00:00:16,639
Speaker 1: Let's get going with the story number one. The S

6
00:00:16,680 --> 00:00:19,840
Speaker 1: and PA s X two hundred closed up zero point

7
00:00:19,880 --> 00:00:22,880
Speaker 1: three percent today to eighty four hundred and eighty one points,

8
00:00:23,280 --> 00:00:26,160
Speaker 1: after a pretty volatile session. Early in the day. It

9
00:00:26,280 --> 00:00:29,600
Speaker 1: was down as much as zero point five percent before

10
00:00:29,640 --> 00:00:33,760
Speaker 1: being up one percent and then settling to be zero

11
00:00:33,800 --> 00:00:36,360
Speaker 1: point three percent higher for the day. Sharp swings in

12
00:00:36,479 --> 00:00:39,559
Speaker 1: sentiment really after reports that US President Donald Trump is

13
00:00:39,600 --> 00:00:43,559
Speaker 1: open to ending the Middle East conflict even if the

14
00:00:43,680 --> 00:00:48,879
Speaker 1: Strait of Humus is still mostly closed. Locally, technology stocks

15
00:00:49,000 --> 00:00:52,000
Speaker 1: led the gains. Zero was up more than six percent. Wise,

16
00:00:52,040 --> 00:00:56,840
Speaker 1: Tech and Technology one were also higher. The banks were mixed.

17
00:00:56,960 --> 00:01:00,480
Speaker 1: Comnwealth Bank was lower, while Westpac, nab A, and z

18
00:01:00,840 --> 00:01:05,199
Speaker 1: they all edged higher. The price of gold rose after

19
00:01:05,840 --> 00:01:09,880
Speaker 1: some easing rate hike expectations out of the US that

20
00:01:10,040 --> 00:01:12,800
Speaker 1: helped the local gold miners. Newmont, for instance, was up

21
00:01:12,840 --> 00:01:16,760
Speaker 1: more than two percent. Northern Star climbed four point four percent.

22
00:01:17,120 --> 00:01:20,240
Speaker 1: The energy stocks pulled back though after a strong month

23
00:01:20,360 --> 00:01:24,199
Speaker 1: with Woodside, Santos and Nampole or lower. Whitehaven was down

24
00:01:24,240 --> 00:01:29,880
Speaker 1: sharply overall. Though despite the rebound today on the market

25
00:01:29,720 --> 00:01:33,679
Speaker 1: at the boss finished March down seven point eight percent

26
00:01:33,920 --> 00:01:37,280
Speaker 1: for the month. That is its worst monthly result since

27
00:01:37,360 --> 00:01:41,160
Speaker 1: mid twenty twenty two. Onto story number two now and

28
00:01:41,520 --> 00:01:44,920
Speaker 1: furniture retailer Koala has made a strong debut on the ASX.

29
00:01:44,959 --> 00:01:47,320
Speaker 1: The stock was priced at three dollars forty in the

30
00:01:47,319 --> 00:01:51,800
Speaker 1: IPO and closed almost twelve percent higher at three dollars eighty.

31
00:01:52,360 --> 00:01:55,240
Speaker 1: Bit of a rare bright spot for new listings this year,

32
00:01:55,560 --> 00:01:58,240
Speaker 1: Kohala raised sixty eight million dollars from the float, with

33
00:01:58,320 --> 00:02:01,320
Speaker 1: proceeds to be used to repay debt fund growth as

34
00:02:01,320 --> 00:02:05,600
Speaker 1: the company expands its product range and international footprint. The

35
00:02:05,640 --> 00:02:09,960
Speaker 1: business was founded just over ten years ago in twenty fifteen.

36
00:02:10,200 --> 00:02:13,120
Speaker 1: It's built its brand around fast delivery and direct to

37
00:02:13,200 --> 00:02:16,679
Speaker 1: consumer sales, trying to position itself really as a challenger

38
00:02:16,720 --> 00:02:19,800
Speaker 1: to Ikea. The listing comes at a time when IPO

39
00:02:19,919 --> 00:02:23,160
Speaker 1: activity has been a little bit subdued with a lot

40
00:02:23,160 --> 00:02:26,000
Speaker 1: of market volatility. Obviously a link to the Middle East

41
00:02:26,040 --> 00:02:29,840
Speaker 1: conflict that has delayed a number of potential and planned floats.

42
00:02:30,600 --> 00:02:34,800
Speaker 1: Story number three Radio company ARN is facing a second

43
00:02:35,160 --> 00:02:39,600
Speaker 1: major legal challenge, with Jackie Oh Henderson now launching her

44
00:02:39,639 --> 00:02:43,119
Speaker 1: own court action over the termination of her contract. Henderson

45
00:02:43,200 --> 00:02:46,359
Speaker 1: is seeking at least eighty two million dollars in compensation,

46
00:02:46,440 --> 00:02:51,200
Speaker 1: alleging she was unlawfully dismissed after raising workplace complaints about

47
00:02:51,240 --> 00:02:55,560
Speaker 1: co host Kyle Sandalans. The claim follows Sandaland's own legal

48
00:02:55,600 --> 00:02:59,400
Speaker 1: action launched earlier this month, meaning AARN is now defending

49
00:02:59,480 --> 00:03:04,239
Speaker 1: two very high profile cases. The company disputes the allegations

50
00:03:04,280 --> 00:03:07,360
Speaker 1: and says it will defend the proceedings, but has warned

51
00:03:07,440 --> 00:03:11,600
Speaker 1: it cannot yet estimate the potential financial impact. The company's

52
00:03:11,600 --> 00:03:17,480
Speaker 1: share price tumbled today almost nineteen percent. Story number four

53
00:03:17,880 --> 00:03:20,920
Speaker 1: Colin's Foods has agreed to exit most of its Taco

54
00:03:20,960 --> 00:03:24,840
Speaker 1: Bell operations in Australia, selling twenty stores to a new operator.

55
00:03:25,200 --> 00:03:28,080
Speaker 1: The company will shut the remaining seven outlets as it

56
00:03:28,120 --> 00:03:31,440
Speaker 1: shifts its focus back to its core KFC business in

57
00:03:31,480 --> 00:03:35,000
Speaker 1: Australia and Europe. Colin's Foods had flagged the exit last

58
00:03:35,080 --> 00:03:38,560
Speaker 1: year after struggling to compete with rivals in the Mexican

59
00:03:38,600 --> 00:03:42,680
Speaker 1: food space, including Guzmini, Gomez and Zambrero. The move follows

60
00:03:42,720 --> 00:03:46,240
Speaker 1: a recent expansion into Germany, where the company is rapidly

61
00:03:46,240 --> 00:03:49,720
Speaker 1: growing its KFC network. Management says that the exit will

62
00:03:49,720 --> 00:03:53,880
Speaker 1: free up capital for higher return investments, while analysts say

63
00:03:53,920 --> 00:03:58,400
Speaker 1: the deal helps avoid larger closure costs. Colin's share price

64
00:03:58,440 --> 00:04:01,800
Speaker 1: closed zero point three percent lower to and finally, story

65
00:04:01,880 --> 00:04:05,000
Speaker 1: number five a pretty incredible story out of Italy really,

66
00:04:05,000 --> 00:04:08,240
Speaker 1: where a gang of thieves has stolen paintings by three

67
00:04:08,480 --> 00:04:11,800
Speaker 1: French masters worth an estimated ten million euros in a

68
00:04:11,920 --> 00:04:15,440
Speaker 1: raid that took less than three minutes. Police say the

69
00:04:15,520 --> 00:04:19,520
Speaker 1: group broke into a gallery in northern Italy, forcing open

70
00:04:19,600 --> 00:04:22,680
Speaker 1: a rear entrance and heading straight to a room dedicated

71
00:04:22,720 --> 00:04:27,560
Speaker 1: to French masters. There they stole paintings by renoir A Sayzan,

72
00:04:27,960 --> 00:04:30,520
Speaker 1: but left behind a fourth painting in their hurry to

73
00:04:30,640 --> 00:04:33,680
Speaker 1: escape after they set off alarms. Experts say the theft

74
00:04:33,720 --> 00:04:37,920
Speaker 1: appears to be highly targeted and likely involved prior surveillance,

75
00:04:37,960 --> 00:04:41,320
Speaker 1: with the speed of the operation highlighting vulnerabilities in gallery.

76
00:04:41,400 --> 00:04:45,920
Speaker 1: Security authorities say, perhaps unsurprisingly, that the artworks will be

77
00:04:45,960 --> 00:04:49,440
Speaker 1: difficult to sell on the open market, raising the likelihood

78
00:04:49,440 --> 00:04:52,159
Speaker 1: that they could be used as ransom or traded through

79
00:04:52,240 --> 00:04:56,039
Speaker 1: criminal networks. And that's it for the afternoon Report for Tuesday,

80
00:04:56,080 --> 00:04:58,279
Speaker 1: the thirty first of March. Make sure you're following the

81
00:04:58,279 --> 00:05:00,479
Speaker 1: podcast and head along to Fear and Greed dot com

82
00:05:00,520 --> 00:05:03,400
Speaker 1: dot au to sign up for our free daily newsletter.

83
00:05:03,600 --> 00:05:05,479
Speaker 1: I'm Michael Thompson. Enjoy your even