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

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Speaker 1: for Tuesday, the tenth of March twenty twenty six. Oh

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Speaker 1: Michael Thompson, and every afternoon, We've got the five stories

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Speaker 1: that happened today that you need to know about. Let's

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Speaker 1: go story number one. The SMPA is Sex two hundred

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Speaker 1: rebounded one point one percent today to eighty six hundred

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Speaker 1: and ninety three points. It comes after yesterday's very sharp

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Speaker 1: sell off. Today, oil prices fell back below one hundred

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Speaker 1: US dollars a barrel, and investors took quite a bit

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Speaker 1: of comfort, it seems, from comments by US President Donald

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Speaker 1: Trump suggesting that the Iran conflict may be winding down.

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Speaker 1: Oil dropped as much as ten percent during the session

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Speaker 1: before finishing up at a round ninety four US dollars

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Speaker 1: a barrel, easing fears of an extended energy shock after

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Speaker 1: yesterday's surge towards one hundred and twenty US dollars a barrel.

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Speaker 1: At technology stocks, Leather Recovery, Locally Life three sixty jumps

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Speaker 1: more than ten percent, Technology one was up more than

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Speaker 1: four percent. Wise, Tech Global edged Higher material stocks also bounced,

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Speaker 1: with mineral resources rather up nearly six percent and lithium

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Speaker 1: minor pls gaining more than five percent. BHP also had

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Speaker 1: a good day. It was up more than two percent.

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Speaker 1: Healthcare stocks strengthened, Promedicus rose more than six percent, neuron

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Speaker 1: Pharmaceuticals up nine point two percent, while energy companies gave

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Speaker 1: back some of yesterday's gains as oil retreated, Woodside down

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Speaker 1: nearly four percent, and Santos falling three and a half

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Speaker 1: percent onto story number two. Now and five members of

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Speaker 1: Iran's women's national soccer team have been granted humanitarian visas

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Speaker 1: to remain in Australia after a phone call overnight between

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Speaker 1: US President Donald Trump and Australian PM Anthony Alberanezi. The

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Speaker 1: players had faced backlash in Iran after refusing to sing

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Speaker 1: the national anthem at a Women's Asian Cup match. Five

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Speaker 1: of the women left their hotel late last night and

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Speaker 1: are now being protected by authorities after seeking asylum. Prime

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Speaker 1: Minister Anthony Albernez He said Australia would help any other

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Speaker 1: members of the team who chose to seek assistance, describing

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Speaker 1: the situation as delicate but making clear that support was available.

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Speaker 1: The PM and the President spoke at about two am

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Speaker 1: this morning, after Donald Trump had complained on social media

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Speaker 1: that Australia wasn't doing enough to help the soccer team.

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Speaker 1: The remaining players and staff left their accommodation today, with

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Speaker 1: reports they were heading to the airport for an international flight.

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Speaker 1: Story Number three Commodities giant glen Core is considering listing

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Speaker 1: its shares on the ASX as it examines ways to

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Speaker 1: improve Australian investor understanding of the company and drive up

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Speaker 1: its valuation after the collapse of merger talks with Rio Tinto.

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Speaker 1: The chief executive Gary Nagel said that a secondary listing

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Speaker 1: in Australia could help more investors and improve familiarity. Could

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Speaker 1: help attract rather more investors and improve familiarity with glen Core,

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Speaker 1: helping support the trading while to pull of the stock.

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Speaker 1: This is according to the Financial Review. Rio Tinto said

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Speaker 1: on February six. We remember we spoke about it at

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Speaker 1: the time that it was dropping the month long merger

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Speaker 1: talks with glen Core because the parties couldn't agree on

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Speaker 1: a price for a script deal, which would have created

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Speaker 1: the world's biggest mining company with evaluation of more than

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Speaker 1: three hundred billion dollars. Nagel said that the logic of

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Speaker 1: a merger with Rio still existed, but signaled that the

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Speaker 1: two companies were far apart on valuation. Got to say

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Speaker 1: it would be good for the ASX to get a

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Speaker 1: global listing like glen Core, even if it is a

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Speaker 1: secondary listing. The local boss has had a little bit

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Speaker 1: of trouble, not just attracting offshore companies, but just keeping

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Speaker 1: local companies wanting to list. Story number four. Radio host

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Speaker 1: Kyle Sandalands has demanded he be allowed to return to air,

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Speaker 1: insisting he did not breach his contract with Broadcast ARN,

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Speaker 1: despite the network suspending him and terminating Jackie O Henderson's deal.

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Speaker 1: Sandalands acknowledged that he regretted the way he spoke to

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Speaker 1: Henderson drew a broadcast last month, but said that the

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Speaker 1: pair had always resolved disagreements privately during their twenty seven

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Speaker 1: year partnership. ARN claims that Henderson told the company she

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Speaker 1: could no longer work with him after the February incident,

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Speaker 1: prompting the network to terminate her contract and suspend Sandaland.

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Speaker 1: The dispute has put the future of the two hundred

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Speaker 1: million dollar Kyle and Jackie O deal in doubt, with

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Speaker 1: sandaland saying that he intends to continue presenting Breakfast Radio

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Speaker 1: and that he has engaged lawyers to challenge the company's actions.

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Speaker 1: And finally, story number five, Apple has significantly expanded iPhone

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Speaker 1: production in India. It assembled about fifty five million devices

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Speaker 1: in the country last year, which is a fifty three

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Speaker 1: percent increase on the previous year. According to Bloomberg, That

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Speaker 1: means that roughly one quarter of Apple's global iPhone output

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Speaker 1: has now made in India, as the company shifts manufacturing

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Speaker 1: away from China to avoid tariffs and to diversify its

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Speaker 1: supply chain. The expansion has been supported by incentives from

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Speaker 1: the Indian government aims turning the country into a global

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Speaker 1: manufacturing hub. Apple still produces most iPhones in China, but

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Speaker 1: India is rapidly emerging as a second major base for production.

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Speaker 1: And that's it for the Afternoon Report for Tuesday, the

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Speaker 1: tenth of March. Make sure you're following the podcast and

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Speaker 1: please head along to Fearangreed dot com dot a you

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Speaker 1: to sign up for our pre daily newsletter. I'm Michael Thompson.

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Speaker 1: Enjoy your even