1 00:00:03,760 --> 00:00:06,440 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,480 --> 00:00:09,040 Speaker 1: for Tuesday, the ninth of July twenty twenty four. I'm 3 00:00:09,080 --> 00:00:11,800 Speaker 1: Sean Aelma. Every afternoon, we've got the five stories that 4 00:00:11,880 --> 00:00:14,040 Speaker 1: happened today that you need to know about. Stro numer one. 5 00:00:14,120 --> 00:00:17,160 Speaker 1: The SMPA six two hundred closed up nearly one percent 6 00:00:17,200 --> 00:00:20,280 Speaker 1: to seven eight hundred and thirty points, more than reversing 7 00:00:20,360 --> 00:00:23,200 Speaker 1: yesterday's tumble. Tell Co Index was best on the day 8 00:00:23,560 --> 00:00:26,280 Speaker 1: thanks to the two point two percent jump in Telstra's 9 00:00:26,360 --> 00:00:29,760 Speaker 1: share price following an announcement about charging more for phone plans. 10 00:00:30,120 --> 00:00:32,400 Speaker 1: The financials also did well, with wes pak and A 11 00:00:32,479 --> 00:00:35,040 Speaker 1: and Z both up more than two percent or Commwealth 12 00:00:35,080 --> 00:00:37,440 Speaker 1: Bank and National Australia Bank both rose around one and 13 00:00:37,440 --> 00:00:43,120 Speaker 1: a half percent. Other strong large cap performers included Wistech, Global, Aristocrat, Leisure, 14 00:00:43,440 --> 00:00:47,880 Speaker 1: Aria Group, Santos and CSL. The underperformers included Macquarie Group, 15 00:00:47,920 --> 00:00:51,080 Speaker 1: Goodman and Woodside Energy. Best on the day was Insignia, 16 00:00:51,159 --> 00:00:54,960 Speaker 1: the wealth manager formerly known as IF. It jumped fourteen 17 00:00:55,000 --> 00:00:58,920 Speaker 1: percent after a media report suggested investment bank City had 18 00:00:58,960 --> 00:01:02,680 Speaker 1: been called in to look at merger activity, whatever that means. 19 00:01:03,160 --> 00:01:06,319 Speaker 1: Story number two on Wall Street overnight, the broad based 20 00:01:06,360 --> 00:01:10,920 Speaker 1: SMP five hundred cent it's thirty fifth record close, while 21 00:01:10,959 --> 00:01:14,600 Speaker 1: the tech based NASDA composite was also higher. Apple jumped 22 00:01:14,680 --> 00:01:17,440 Speaker 1: zero point seven percent to lift its market cap to 23 00:01:17,560 --> 00:01:22,760 Speaker 1: three point four nine trillion US dollars, while Microsoft slipped 24 00:01:22,959 --> 00:01:25,520 Speaker 1: zero point three percent, pushing it to the number two 25 00:01:25,600 --> 00:01:28,920 Speaker 1: slot worth three point four to seven trillion US dollars, 26 00:01:29,400 --> 00:01:31,920 Speaker 1: and Vidia rallied almost two percent. It's worth about three 27 00:01:31,920 --> 00:01:35,080 Speaker 1: point one five trillion US dollars. In commodity markets, Brent 28 00:01:35,120 --> 00:01:37,520 Speaker 1: oil is down below eighty six US dollars a barrel, 29 00:01:37,760 --> 00:01:41,760 Speaker 1: while gold continues its slow climb. It's fetching twenty three 30 00:01:41,840 --> 00:01:44,759 Speaker 1: sixty US dollars an ounce the Aussie dollars held onto 31 00:01:44,760 --> 00:01:46,559 Speaker 1: the ground it made in the last couple of sessions. 32 00:01:46,600 --> 00:01:48,800 Speaker 1: It's trading around sixty seven and a half US cents. 33 00:01:49,160 --> 00:01:51,600 Speaker 1: All eyes are now on US FED Chair Jerome Powell, 34 00:01:51,600 --> 00:01:54,560 Speaker 1: who is due to front Congress tonight. Story number three. 35 00:01:54,560 --> 00:01:57,080 Speaker 1: Prime Minister Anthony Alberezi said the one hundred and three 36 00:01:57,120 --> 00:02:00,600 Speaker 1: members of his corkers are all on exactly the same 37 00:02:00,600 --> 00:02:03,480 Speaker 1: page about issues on the war in Gaza, the conflict 38 00:02:03,480 --> 00:02:05,840 Speaker 1: in the Middle East has been a treacherous issue to 39 00:02:05,920 --> 00:02:09,200 Speaker 1: navigate for the Labour Party, as demonstrated by Senator Fadima 40 00:02:09,280 --> 00:02:12,400 Speaker 1: Payman leaving the party last week to sit as an independent. 41 00:02:13,120 --> 00:02:15,919 Speaker 1: Mister Albanezi said the caucus allows a range of debates 42 00:02:15,960 --> 00:02:18,560 Speaker 1: and all sorts of issues and common positions are worked through. 43 00:02:18,919 --> 00:02:20,920 Speaker 1: He went on to say that the Labour Party's position 44 00:02:20,960 --> 00:02:23,600 Speaker 1: of support for the state of Israel and support for 45 00:02:23,639 --> 00:02:27,320 Speaker 1: a two state solution with Palestinians being able to realize 46 00:02:27,520 --> 00:02:30,840 Speaker 1: their legitimate aspirations for their own state side by side 47 00:02:30,880 --> 00:02:33,720 Speaker 1: with Israel, has been part of Labour's platform for a 48 00:02:33,760 --> 00:02:37,200 Speaker 1: long period. The Prime Minister was speaking after appointing Gillian 49 00:02:37,320 --> 00:02:42,279 Speaker 1: Siegel as the government's new Special Envoy to combat anti Semitism. 50 00:02:42,560 --> 00:02:44,840 Speaker 1: He also plans to name a new special Envoy to 51 00:02:44,880 --> 00:02:49,640 Speaker 1: combat Islamophobia in the coming days. Storing number four exchange 52 00:02:49,760 --> 00:02:52,800 Speaker 1: traded funds or ETFs through attracting a big chunk of 53 00:02:52,800 --> 00:02:56,600 Speaker 1: investor flows, with the market now worth more than two 54 00:02:56,680 --> 00:03:01,120 Speaker 1: hundred billion dollars. Australian ETF assets under management jumped fifteen 55 00:03:01,160 --> 00:03:04,760 Speaker 1: percent over the past six months, following solid gains on 56 00:03:04,840 --> 00:03:08,400 Speaker 1: global equity markets and strong investor inflows. The two hundred 57 00:03:08,400 --> 00:03:11,560 Speaker 1: billion dollar total compares with one hundred and seventy eight 58 00:03:11,560 --> 00:03:14,040 Speaker 1: billion dollars at the start of the year. According to Vanguard, 59 00:03:14,320 --> 00:03:17,480 Speaker 1: Australian ETF assets rose by around twenty five billion dollars 60 00:03:17,520 --> 00:03:19,520 Speaker 1: from the start of January to the end of June, 61 00:03:19,639 --> 00:03:22,600 Speaker 1: and about forty percent of that reflects new capital, while 62 00:03:22,639 --> 00:03:26,280 Speaker 1: the rest reflects market returns. About half of the inflows 63 00:03:26,360 --> 00:03:30,440 Speaker 1: went into ASX listed international equity ETFs. Another key theme 64 00:03:30,520 --> 00:03:32,440 Speaker 1: of the first half of twenty twenty four was the 65 00:03:32,480 --> 00:03:36,920 Speaker 1: surge in listings of active ETFs and managed fund products. 66 00:03:37,200 --> 00:03:40,320 Speaker 1: Out of forty one new ASEX ETF listings in total, 67 00:03:40,840 --> 00:03:44,320 Speaker 1: twenty eight of them were actively managed funds and story 68 00:03:44,400 --> 00:03:47,880 Speaker 1: number five Sydney talkback King Ray Hadley has won his 69 00:03:48,000 --> 00:03:52,560 Speaker 1: one hundred and fifty eighth consecutive radio ratings poll, twenty 70 00:03:52,640 --> 00:03:56,360 Speaker 1: years after he won his first victory. Hadley hosts the 71 00:03:56,360 --> 00:04:00,760 Speaker 1: morning program on nine owned two GB and HIS'NB stretch 72 00:04:00,920 --> 00:04:04,360 Speaker 1: over two decades is unprecedented for a key timeslot on 73 00:04:04,440 --> 00:04:07,920 Speaker 1: Sydney Radio. Hadley lifted his audience share by one point 74 00:04:07,920 --> 00:04:10,880 Speaker 1: one percentage points in the latest survey, taking his audience 75 00:04:10,880 --> 00:04:14,000 Speaker 1: share to sixteen point four percent. Hadley's two GB stable 76 00:04:14,040 --> 00:04:17,440 Speaker 1: mate Ben Fordham, who hosts the breakfast program, also maintained 77 00:04:17,440 --> 00:04:20,080 Speaker 1: teas number one position in his timeslot with a seventeen 78 00:04:20,120 --> 00:04:23,880 Speaker 1: percent audience share, well ahead of rivals Kiss FMS, Kyle 79 00:04:23,960 --> 00:04:27,640 Speaker 1: Sandalan's and Jackie O Now that FM Duo's the zero 80 00:04:27,680 --> 00:04:30,440 Speaker 1: point six percentage points in the survey in Sydney down 81 00:04:30,520 --> 00:04:33,640 Speaker 1: to fourteen point one percent market share. But the survey 82 00:04:33,680 --> 00:04:36,760 Speaker 1: also marks the second partial ratings period of the controversial 83 00:04:36,839 --> 00:04:40,320 Speaker 1: due's entry into the Melbourne market. So far, they failed 84 00:04:40,360 --> 00:04:42,520 Speaker 1: to make much of an impact, recording a five point 85 00:04:42,600 --> 00:04:46,880 Speaker 1: nine percent audience share. Three aw's Breakfast program in Melbourne, 86 00:04:46,960 --> 00:04:50,440 Speaker 1: hosted by Ross Stevenson and Russell Holcroft, remains well ahead 87 00:04:50,480 --> 00:04:53,279 Speaker 1: in the timeslot with an eighteen point eight percent share. 88 00:04:53,760 --> 00:04:56,080 Speaker 1: That's it for the afternoon report for Tuesday, the ninth 89 00:04:56,080 --> 00:04:58,760 Speaker 1: of July twenty twenty four. Thompson and I will be 90 00:04:58,839 --> 00:05:01,200 Speaker 1: back tomorrow morning with a wednes edition of Dura and Greed. 91 00:05:01,240 --> 00:05:03,920 Speaker 1: Business to you as I'm sure Elma enjoy your evening.