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Speaker 1: Welcome to Fear and Greed.

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Speaker 2: Afternoon report for Friday, the sixth of March twenty twenty six.

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Speaker 1: Little different today.

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Speaker 3: Michael Thompson and I Sean Alma are at Albert Park

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Speaker 3: in Melbourne watching the practice rounds of the Grand Prix.

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Speaker 3: Story number one markets well the Aussie market. The ASX

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Speaker 3: two hundred ended up down one percent today, taking the

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Speaker 3: four for the week to three point eight percent. That

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Speaker 3: pretty much wipes out everything that had gained in February.

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Speaker 2: In fact, today's four was it ord The weekly four

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Speaker 2: was the biggest decline since April when we had those

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Speaker 2: Liberation Day tariffs. Today it was the mining stocks, and

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Speaker 2: particularly the big miners got dumped. BHP was down four

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Speaker 2: point two percent, Real tender three point six percent.

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Speaker 1: Four DESCU was off a little less than one percent.

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Speaker 2: Basically, China's state backed buyer urged traders to stop purchasing

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Speaker 2: new BHP cargoes.

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Speaker 1: That sent its share price down.

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Speaker 4: All right on the story number two now, Sean and

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Speaker 4: the Consumer Watchdog has warned petrol retailers that it will

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Speaker 4: closely monitor fuel prices. As Marcus react to the escalating

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Speaker 4: conflict involving Iran. The Australian Competition and Consumer Commission says

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Speaker 4: it has written to major fuel companies a mid concerns

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Speaker 4: that some stations may actually be using the geopolitical crisis

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Speaker 4: as cover to lift prices prematurely. Global oil benchmarks have

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Speaker 4: jumped about fifteen percent since the conflicts began. We've been

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Speaker 4: talking about that a bit on the show, but experts

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Speaker 4: say that it typically takes seven to ten days for

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Speaker 4: higher crude costs to actually flow through to Australian petrol pumps.

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Speaker 4: The NRMA says many stations in Sydney and in Melbourne

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Speaker 4: have already lifted prices five to ten cents above expected

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Speaker 4: cycle peaks, with some charging more than two dollars twenty

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Speaker 4: a liter. The HBLEC says misleading explanations for price increases

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Speaker 4: could breach consumer law.

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Speaker 2: Story number three Australia's because gas producers are cashing in

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Speaker 2: on the conflict in the Middle East after the suspension

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Speaker 2: of Katarial and g production, disruptive globals apply. Santos has

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Speaker 2: reportedly sold a single cargo of RNNG for about twenty

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Speaker 2: five US dollars per million of British thermal units.

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Speaker 1: How much is that was more than double last year.

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Speaker 2: Last week's benchmark price based on typical cargo volumes, that

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Speaker 2: means it's about seventy million dollars more than it would

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Speaker 2: have fetched before the latest escalation in the Middle East.

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Speaker 1: That's all, according to the fin.

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Speaker 2: Review, despite highlights how quickly jeopolitical tensions can ripple through

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Speaker 2: global energy markets, setting prices and profits for exporters like

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Speaker 2: Santos sharply higher.

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Speaker 4: Story number four, and of course, the source of those

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Speaker 4: geopolitical tensions. The war in the Middle East has entered

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Speaker 4: at seventh day now, with fight fighting intensifying across several fronts.

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Speaker 4: Israel has repeatedly struck Hesbalar strongholds in southern Bay Route

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Speaker 4: as residents attempt to flee the city, while Bahrain has

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Speaker 4: reportedly been hit by Iranian missile strikes. International leaders, including

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Speaker 4: France's President Emmanuel Macron, are urging restraint, calling for Lebanon

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Speaker 4: and other Gulf states to stay out of the colon inflict.

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Speaker 4: The US Defense Secretary Sazzarini and missile launchers have dropped

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Speaker 4: about ninety percent, and more American combat forces are being deployed.

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Speaker 4: President Donald Trump says the US is quote far ahead

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Speaker 4: of schedule as the first commercial flights from the Middle

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Speaker 4: East to begin landing in Australia.

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Speaker 1: Finney story number five. Some good news.

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Speaker 2: Billionaire James Packer is set to marry for the third

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Speaker 2: time after propose After proposing to.

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Speaker 1: New York socialite and model Kylie Lim.

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Speaker 2: It will be Packer's third marriage but fifth engagement, who

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Speaker 2: was previously engaged to singer Mariah Carey and Australian model

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Speaker 2: Kate Fisher. Pack was married to Jodie Meeres in nineteen

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Speaker 2: ninety nine and later to Erica Baxterm from twenty seven

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Speaker 2: to twenty thirteen. He and back to have three children.

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Speaker 2: Pack has previously said Lim helped them through personal struggles.

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Speaker 2: Don't think there's a wedding date set yet. Good luck

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Speaker 2: to them both. That's it The Afternoon Report for Friday

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Speaker 2: eighty sixth of March twenty twenty six from Albert Park

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Speaker 2: here in Melbourne. Make sure you're following the podcast and

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Speaker 2: head along to few Agreed dot Com today you to.

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Speaker 1: Sign up for our pre daily newsletter. I'm Sean Elmer

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Speaker 1: and Joey Reve