1 00:00:04,120 --> 00:00:06,840 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,880 --> 00:00:09,920 Speaker 1: for Wednesday, the seventeenth of September twenty twenty five are 3 00:00:09,960 --> 00:00:13,000 Speaker 1: Michael Thompson. Every afternoon, We've got the five stories that 4 00:00:13,039 --> 00:00:14,920 Speaker 1: happened today that you need to know about. Let's go 5 00:00:15,080 --> 00:00:18,520 Speaker 1: story number one. The local share market a pretty ordinary day. 6 00:00:18,560 --> 00:00:21,560 Speaker 1: It fell zero points seven percent today to eight hundred 7 00:00:21,560 --> 00:00:25,680 Speaker 1: and nineteen points as investors took profits ahead of the 8 00:00:25,840 --> 00:00:30,159 Speaker 1: US federal reserves rate decision which is happening overnight and 9 00:00:30,280 --> 00:00:33,760 Speaker 1: local jobs data which will come out tomorrow. Eight of 10 00:00:33,840 --> 00:00:36,599 Speaker 1: eleven sectors finished in the red today, led by miners, 11 00:00:36,640 --> 00:00:40,400 Speaker 1: retailers and real estate BHP, which announced seven hundred and 12 00:00:40,440 --> 00:00:43,880 Speaker 1: fifty jobs are being cut in Queensland and Rio Tintoso, 13 00:00:43,960 --> 00:00:46,400 Speaker 1: two of the big iron all miners. They both fell 14 00:00:46,520 --> 00:00:50,000 Speaker 1: today despite a rise in iron ore prices, while West 15 00:00:50,040 --> 00:00:53,480 Speaker 1: Farmers and Harving normand Wade on consumer stocks. Real estate 16 00:00:53,520 --> 00:00:56,760 Speaker 1: companies had a bad day, led by Vicinity and GPT Group. 17 00:00:57,080 --> 00:01:00,720 Speaker 1: The gold miners ease even as Bully and briefly topped 18 00:01:00,960 --> 00:01:04,679 Speaker 1: three seven hundred US dollars an ounce Northern Star evolution 19 00:01:04,840 --> 00:01:08,920 Speaker 1: Percus Newmont. They were all down today onto story number 20 00:01:08,920 --> 00:01:12,080 Speaker 1: two now and Corporate Travel Management says it will not 21 00:01:12,160 --> 00:01:15,160 Speaker 1: be able to release its full year financial accounts by 22 00:01:15,160 --> 00:01:19,920 Speaker 1: September twenty five, advising shareholders to expect an update in November. 23 00:01:20,319 --> 00:01:24,080 Speaker 1: The travel management company had previously flagged a delay in 24 00:01:24,120 --> 00:01:26,960 Speaker 1: the release of its full year accounts in August after 25 00:01:26,959 --> 00:01:29,360 Speaker 1: the auditor had issues with the timing of revenue and 26 00:01:29,400 --> 00:01:32,959 Speaker 1: cost recognition relating to its European division, and I quote 27 00:01:33,280 --> 00:01:37,600 Speaker 1: matter remains unresolved. The company reiterated that the restatements would 28 00:01:37,600 --> 00:01:40,280 Speaker 1: increase prior year earnings and reduce full year earnings, but 29 00:01:40,319 --> 00:01:42,440 Speaker 1: would have no impact on cash or the twenty twenty 30 00:01:42,440 --> 00:01:46,600 Speaker 1: six operations. KPMG had been hired to review previous financial 31 00:01:46,600 --> 00:01:50,600 Speaker 1: statements in the European division. The company said. Corporate Travels 32 00:01:50,640 --> 00:01:54,200 Speaker 1: shares haven't actually traded since the twenty second of August, 33 00:01:54,200 --> 00:01:57,400 Speaker 1: when the matter was first disclosed. Story number three. Super 34 00:01:57,440 --> 00:02:00,800 Speaker 1: funds have extended their strong run into the new financial year. 35 00:02:00,880 --> 00:02:03,760 Speaker 1: The Medium Growth fund rose one point three percent in August, 36 00:02:03,800 --> 00:02:06,600 Speaker 1: taking gains to three point two percent over the first 37 00:02:06,680 --> 00:02:09,239 Speaker 1: two and a half months of FY twenty six. Is, 38 00:02:09,280 --> 00:02:11,960 Speaker 1: according to chand West, one of the main drivers a 39 00:02:12,040 --> 00:02:14,480 Speaker 1: strong month for the local share market up three point 40 00:02:14,480 --> 00:02:18,200 Speaker 1: two percent across the month, helped by rebounded resources. Global 41 00:02:18,240 --> 00:02:21,760 Speaker 1: markets also delivered positive return, supported by solid US earnings 42 00:02:21,760 --> 00:02:25,160 Speaker 1: and expectations of a federal reserve rate cut, which we 43 00:02:25,280 --> 00:02:28,919 Speaker 1: mentioned before and is expected to happen early tomorrow morning 44 00:02:28,919 --> 00:02:33,000 Speaker 1: around four am Australian time. Story number four. Australia is 45 00:02:33,080 --> 00:02:35,960 Speaker 1: already at war in the cyber domain. According to the 46 00:02:35,960 --> 00:02:40,600 Speaker 1: Defense Force's top digital warfare commander, Lieutenant General Susan Coyle 47 00:02:40,760 --> 00:02:45,200 Speaker 1: told the Financial Review Cyber Summit that foreign actors attempt 48 00:02:45,280 --> 00:02:49,360 Speaker 1: daily hacks on defense systems to steal secrets or disrupt operations. 49 00:02:49,639 --> 00:02:53,160 Speaker 1: She warned that ships, planes and missiles wouldn't function without 50 00:02:53,160 --> 00:02:58,160 Speaker 1: secure networks. A former government cyber advisor also added at 51 00:02:58,160 --> 00:03:01,359 Speaker 1: the same conference that Chinese made electric vehicles post a 52 00:03:01,480 --> 00:03:05,320 Speaker 1: national security risk, describing them as potential surveillance tools that 53 00:03:05,360 --> 00:03:11,000 Speaker 1: could even be disabled or potentially detonated remotely. And finally, 54 00:03:11,040 --> 00:03:14,520 Speaker 1: story number five, the man accused of assassinating conservative activist 55 00:03:14,639 --> 00:03:18,520 Speaker 1: Charlie Kirk in the United States has been formally charged 56 00:03:18,560 --> 00:03:22,200 Speaker 1: with aggravated murder in Utah. Twenty two year old Tyler 57 00:03:22,280 --> 00:03:26,400 Speaker 1: Robinson appeared via video link as prosecutor's outlined evidence, including 58 00:03:26,480 --> 00:03:29,600 Speaker 1: DNA on the rifle used in the attack and text 59 00:03:29,680 --> 00:03:33,880 Speaker 1: messages where he allegedly confessed. Robinson may face the death 60 00:03:33,880 --> 00:03:38,080 Speaker 1: penalty if convicted. The case has intensified debate over political 61 00:03:38,120 --> 00:03:40,880 Speaker 1: violence in the United States, with the White House promising 62 00:03:40,880 --> 00:03:45,720 Speaker 1: a crackdown on radical left groups that encourage attax on conservatives. 63 00:03:46,080 --> 00:03:48,960 Speaker 1: That's it for the afternoon Report for Wednesday, the seventeenth 64 00:03:49,000 --> 00:03:51,760 Speaker 1: of September twenty twenty five. Make sure you hit follow 65 00:03:51,760 --> 00:03:53,720 Speaker 1: on the podcast and we'll be back tomorrow morning with 66 00:03:53,800 --> 00:03:56,880 Speaker 1: the Thursday edition of The Fast five Business News by 67 00:03:56,880 --> 00:03:59,760 Speaker 1: Fear and Greed Are Michael Thompson. Enjoy your evening.