1 00:00:04,280 --> 00:00:07,040 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:07,120 --> 00:00:09,840 Speaker 1: to Thursday, the fifth of February twenty twenty six. I'm 3 00:00:09,840 --> 00:00:12,520 Speaker 1: Michael Thompson, and every afternoon we've got the five stories 4 00:00:12,520 --> 00:00:14,760 Speaker 1: that happened today that you need to know about. Let's 5 00:00:14,760 --> 00:00:16,599 Speaker 1: go with story number one. The S and PA Sex 6 00:00:16,640 --> 00:00:19,880 Speaker 1: two hundred closed zero point four percent lower today to 7 00:00:20,040 --> 00:00:23,040 Speaker 1: eighty eight hundred and eighty nine points after a stellar 8 00:00:23,040 --> 00:00:25,840 Speaker 1: session yesterday. The material sector was actually the worst on 9 00:00:25,880 --> 00:00:29,320 Speaker 1: the balls today, dragged down by lower prices for copper, 10 00:00:29,480 --> 00:00:33,120 Speaker 1: for gold, and for silver. Silver in fact, tumbled a 11 00:00:33,159 --> 00:00:37,280 Speaker 1: whopping twelve point seven percent today. Copper and silver minor 12 00:00:37,400 --> 00:00:40,960 Speaker 1: South thirty two it lost four percent. The share price 13 00:00:41,000 --> 00:00:45,440 Speaker 1: of BHP dropped nearly four percent. Gold diggers Northern Star 14 00:00:45,720 --> 00:00:49,320 Speaker 1: and Newmont both fell around five percent. The uranium miners 15 00:00:49,520 --> 00:00:52,760 Speaker 1: had a shock at Paladin was off nine percent. That 16 00:00:52,880 --> 00:00:56,040 Speaker 1: is all largely to do with chip maker AMD, which 17 00:00:56,080 --> 00:00:59,480 Speaker 1: tumbled more than seventeen percent on Wall Street overnight. We'll 18 00:00:59,480 --> 00:01:01,640 Speaker 1: take it close look at this one on tomorrow Morning show. 19 00:01:01,680 --> 00:01:04,559 Speaker 1: But it's basically a case where investors are worried about 20 00:01:04,560 --> 00:01:09,119 Speaker 1: AI demand and nuclear power requirements. Hence the hit to uranium. 21 00:01:09,400 --> 00:01:11,760 Speaker 1: It's a good day for the banks today. Both Commonwealth 22 00:01:11,800 --> 00:01:14,520 Speaker 1: Bank and A and Z were up about one point 23 00:01:14,640 --> 00:01:17,880 Speaker 1: four percent, and the big crypto sell off is continuing. 24 00:01:17,920 --> 00:01:21,920 Speaker 1: Bitcoin is trading at around seventy one thousand US dollars. 25 00:01:22,480 --> 00:01:24,520 Speaker 1: That is the lowest price since Donald Trump was re 26 00:01:24,600 --> 00:01:28,479 Speaker 1: elected in November of twenty twenty four. I'm destorying number 27 00:01:28,480 --> 00:01:31,600 Speaker 1: two now and An attempted bombing at an Invasion Day 28 00:01:31,720 --> 00:01:36,040 Speaker 1: rally in Perth has been officially declared an act of terrorism, 29 00:01:36,319 --> 00:01:39,800 Speaker 1: with authority saying the accused was driven by racist pro 30 00:01:39,840 --> 00:01:43,440 Speaker 1: white ideology. Police allege that a thirty one year old 31 00:01:43,520 --> 00:01:46,959 Speaker 1: man threw a homemade explosive into a crowd of about 32 00:01:46,959 --> 00:01:49,720 Speaker 1: two and a half thousand people protesting in the Perth 33 00:01:49,760 --> 00:01:53,920 Speaker 1: CBD on January twenty six. The device failed to detonate 34 00:01:53,960 --> 00:01:58,080 Speaker 1: but forced an evacuation. Wa Premier Roger Cook today said 35 00:01:58,080 --> 00:02:02,000 Speaker 1: that Joint counter Terrorism investigat had determined the attack met 36 00:02:02,040 --> 00:02:05,280 Speaker 1: the legal threshold for terrorism and that is the first 37 00:02:05,480 --> 00:02:09,280 Speaker 1: such charge ever laid in Western Australia. Police say the 38 00:02:09,280 --> 00:02:13,160 Speaker 1: man self radicalized online and was motivated by hatred. He 39 00:02:13,240 --> 00:02:17,920 Speaker 1: now faces a potential life sentence. Story number three, Bunnings 40 00:02:17,960 --> 00:02:20,320 Speaker 1: has won a key legal fight over its use of 41 00:02:20,400 --> 00:02:24,079 Speaker 1: facial recognition technology, with a tribunal ruling that the retailers 42 00:02:24,280 --> 00:02:28,040 Speaker 1: justified in using it to combat violence and theft. The 43 00:02:28,120 --> 00:02:32,520 Speaker 1: Administrative Review Tribunal found Bunnings faced a serious problem with 44 00:02:32,600 --> 00:02:36,760 Speaker 1: repeat offenders and reasonably believed the technology would help protect 45 00:02:36,840 --> 00:02:40,400 Speaker 1: staff and customers. However, it also rules the Bunnings breached 46 00:02:40,480 --> 00:02:43,640 Speaker 1: privacy rules by failing to properly inform customers that the 47 00:02:43,680 --> 00:02:47,119 Speaker 1: technology was being used between twenty eighteen and twenty twenty one. 48 00:02:47,720 --> 00:02:50,760 Speaker 1: The battle between the retailer and the Privacy Commissioner sets 49 00:02:50,760 --> 00:02:54,720 Speaker 1: a precedent as retailers look to find ways to balance 50 00:02:54,760 --> 00:03:00,000 Speaker 1: crime prevention with privacy rights. Story number four turning overseas now, 51 00:03:00,000 --> 00:03:04,000 Speaker 1: but the Trump administration is withdrawing about seven hundred Immigration 52 00:03:04,240 --> 00:03:09,040 Speaker 1: Enforcement officers ICE offices from Minnesota after state and local 53 00:03:09,080 --> 00:03:12,920 Speaker 1: authorities agreed to cooperate more closely with federal agents. The 54 00:03:13,040 --> 00:03:16,480 Speaker 1: Border Boss, Tom Holman said the drawdown would improve safety 55 00:03:16,520 --> 00:03:19,800 Speaker 1: and reduce the need for large scale operations in public spaces. 56 00:03:20,240 --> 00:03:23,119 Speaker 1: The move follows outrage over the fatal shootings of two 57 00:03:23,400 --> 00:03:27,920 Speaker 1: US citizens by federal immigration officers. In Minneapolis. Despite the withdrawal, 58 00:03:27,960 --> 00:03:30,880 Speaker 1: there will still be about two thousand federal agents in 59 00:03:30,960 --> 00:03:36,680 Speaker 1: the state. Further reductions are dependent on continued cooperation, and finally, 60 00:03:36,720 --> 00:03:39,480 Speaker 1: story number five. More than three hundred journalists have lost 61 00:03:39,520 --> 00:03:42,920 Speaker 1: their jobs at The Washington Post, with the newspaper laying 62 00:03:42,960 --> 00:03:45,880 Speaker 1: off about a third of its newsroom. The changes include 63 00:03:45,920 --> 00:03:49,080 Speaker 1: scrapping its sports section just before the Winter Olympics, as 64 00:03:49,080 --> 00:03:52,880 Speaker 1: well as foreign bureaus, including the bureau chief in Sydney. 65 00:03:53,320 --> 00:03:57,640 Speaker 1: One Washington Post journalist reporting from Ukraine posted online about 66 00:03:57,640 --> 00:04:00,960 Speaker 1: me being made redundant while in an active war zone. 67 00:04:01,480 --> 00:04:05,040 Speaker 1: Executive editor Matt Murray said the cuts were painful but necessary, 68 00:04:05,200 --> 00:04:08,840 Speaker 1: arguing the paper could no longer be quote everything to everyone. 69 00:04:09,240 --> 00:04:13,120 Speaker 1: The newspaper obviously became very famous for its expose of 70 00:04:13,160 --> 00:04:16,440 Speaker 1: the Watergate scandal that brought down Richard Nixon. It is 71 00:04:16,520 --> 00:04:19,440 Speaker 1: now owned by Amazon founder Jeff Bezos, who bought it 72 00:04:19,480 --> 00:04:22,679 Speaker 1: in twenty thirteen for about two hundred and fifty million 73 00:04:22,920 --> 00:04:26,040 Speaker 1: US dollars. That's it for the Afternoon Report for Thursday, 74 00:04:26,080 --> 00:04:28,520 Speaker 1: the fifth of February twenty twenty six. Make sure you're 75 00:04:28,520 --> 00:04:31,520 Speaker 1: following the podcast and head along to Fearandgreed dot com 76 00:04:31,520 --> 00:04:33,880 Speaker 1: dot A you to sign up for our free daily newsletter. 77 00:04:34,080 --> 00:04:35,840 Speaker 1: I'm Mirkael Thompson. Enjoy your evening.