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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 ninth of July twenty twenty four. I'm

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Speaker 1: Sean Aelma. Every afternoon, We've got the five stories that

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Speaker 1: happened today that you need to know about. Strot Humer one.

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Speaker 1: The SMPA six two hundred closed up nearly one percent

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Speaker 1: to seven eight hundred and thirty points, more than reversing

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Speaker 1: yesterday's tumble. The tell Co index was best on the

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Speaker 1: day thanks to the two point two percent jump in

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Speaker 1: Telstra's share price following an announcement about charging more for

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Speaker 1: phone plans. The financials also did well, with wes pak

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Speaker 1: and A and Zed both up more than two percent

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Speaker 1: or Commwealth Bank and National Australia Bank both rose around

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Speaker 1: one and a half percent. Other strong large cap performers

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Speaker 1: included Wistech, Global, Aristocrat, Leisure, Aria Group, Santos and CSL.

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Speaker 1: The underperformers included Macquarie Group, Goodman and Woodside Energy. Best

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Speaker 1: on the day was Insignia, the wealth manager formerly known

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Speaker 1: as IF. It jumped fourteen percent after a media report

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Speaker 1: suggested investment bank City had been called in to look

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Speaker 1: at merger activity, whatever that means. Story number two on

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Speaker 1: Wall Street overnight, the broad based SMP five hundred cent,

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Speaker 1: it's thirty fifth record close, while the tech based NAS

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Speaker 1: that composite was also higher. Apple jumped zero point seven percent,

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Speaker 1: lift its market cap to three point four nine trillion

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Speaker 1: US dollars, while Microsoft slipped zero point three percent, pushing

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Speaker 1: it to the number two slot worth three point four

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Speaker 1: to seven trillion US dollars, and Vidia rallied almost two percent.

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Speaker 1: It's worth about three point one five trillion US dollars.

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Speaker 1: In commodity markets, Brent oil is down below eighty six

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Speaker 1: US dollars a barrel, while gold continues its slow climb.

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Speaker 1: It's fetching twenty three sixty US dollars an ounce. The

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Speaker 1: Aussie dollar has held onto the ground it made in

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Speaker 1: the last couple of sessions. It's trading around sixty seven

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Speaker 1: and a half US cents. All eyes are now on

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Speaker 1: US FED Chair Jerome Powell, who is due to front

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Speaker 1: Congress tonight story number three. Prime Minister Anthony Albernezi said

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Speaker 1: the one hundred and three members of his corkers are

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Speaker 1: all on exactly the same page about issues on the

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Speaker 1: war in Gaza, the conflict in the Middle East has

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Speaker 1: been a treacherous issue to navigate for the Labour Party,

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Speaker 1: as demonstrated by Senator Fadama Payman leaving the party last

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Speaker 1: week to sit as an independent. Mister Albanezi said the

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Speaker 1: caucus allows a range of debates and all sorts of

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Speaker 1: issues and common positions have worked through. He went on

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Speaker 1: to say that the Labour Party's position of support for

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Speaker 1: the state of Israel and support for a two state

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Speaker 1: solution with Palestinians being able to realize their legitimate aspirations

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Speaker 1: for their own state side by side with Israel, has

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Speaker 1: been part of Labour's platform for a long period. The

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Speaker 1: Prime Minister was speaking after appointing Gillian Siegel as the

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Speaker 1: government's new Special Envoy to combat anti Semitism. He also

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Speaker 1: plans to name a new special Envoy to combat Islamophobia

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Speaker 1: in the coming days. Storing number four exchange traded funds

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Speaker 1: or ETFs through attracting a big chunk of investor flows,

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Speaker 1: with the market now worth more than two hundred billion dollars.

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Speaker 1: Australian etf he sets under management jumped fifteen percent over

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Speaker 1: the past six months, following solid gains on global equity

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Speaker 1: markets and strong investor inflows. The two hundred billion dollar

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Speaker 1: total compares with one hundred and seventy eight billion dollars

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Speaker 1: at the start of the year. According to Vanguard, Australian

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Speaker 1: ETF assets rose by around twenty five billion dollars from

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Speaker 1: the start of January to the end of June, and

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Speaker 1: about forty percent of that reflects new capital, while the

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Speaker 1: rest reflects market returns. About half of the inflows went

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Speaker 1: into ASX listed international equity ETFs. Another key theme of

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Speaker 1: the first half of twenty twenty four was the surge

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Speaker 1: in listings of active ETFs and managed fund products. Out

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Speaker 1: of forty one new ASX ETF listings in total, twenty

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Speaker 1: eight of them were actively managed funds and story Number

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Speaker 1: five Sydney talkback King Ray Hadley has won his one

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Speaker 1: hundred and fifty eighth consecutive radio ratings poll, twenty years

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Speaker 1: after he won his first victory. Hadley hosts the morning

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Speaker 1: program on nine owned two GB and his unbeaten stretch

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Speaker 1: over two decades is unprecedented for a key time slot

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Speaker 1: on Sydney radio. Hadley lifted his audience share by one

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Speaker 1: point one percentage points in the latest survey, taking his

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Speaker 1: audience share to sixteen point four percent. Hadley's two GB

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Speaker 1: stable mate Ben Fordham, who hosts the breakfast program, also

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Speaker 1: maintained teas number one position in his timeslot with a

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Speaker 1: seventeen percent audience share, well ahead of rivals Kiss FMS,

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Speaker 1: Kyle Sandalan's and Jackie o Now That FM duo slip

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Speaker 1: zero point six percentage points in the survey in Sydney,

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Speaker 1: down to fourteen point one percent market share, but the

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Speaker 1: survey also marks the second partial ratings period of the

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Speaker 1: controversial du as entry into the Melbourne market. So far

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Speaker 1: they failed to make much of an impact, recording a

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Speaker 1: five point nine percent audience share. Three aw's Breakfast Program

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Speaker 1: in Melbourne, hosted by Ross Stevenson and Russell Holcroft, remains

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Speaker 1: well ahead in the timeslot with an eighteen point eight

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Speaker 1: percent share. That's it for the Afternoon Report for Tuesday,

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Speaker 1: the ninth of July twenty twenty four. Don't forget Tit.

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Speaker 1: Follow on the podcast I'm Fear and Greed on LinkedIn, Instagram,

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Speaker 1: x TikTok and Facebook. Join Michael Thompson and I Tomorrow

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Speaker 1: Morning for the Fast five by Fear and Greed, The

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Speaker 1: top five business stories you need to know in just

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Speaker 1: five minutes. I'm Sean Elmer. Enjoy your evening,