1
00:00:06,320 --> 00:00:09,399
Speaker 1: Welcome to Fear and Greed business news you can use today.

2
00:00:09,480 --> 00:00:12,320
Speaker 1: Some of Australia's are best known companies make the list

3
00:00:12,360 --> 00:00:15,760
Speaker 1: of worst performers in twenty twenty five. The local housing

4
00:00:15,800 --> 00:00:17,400
Speaker 1: market has a bump a week in the middle of

5
00:00:17,440 --> 00:00:21,000
Speaker 1: the spring selling season, and around half a million Australians

6
00:00:21,040 --> 00:00:24,640
Speaker 1: are taking weight loss drugs. Plus moderate liberals threatened to

7
00:00:24,680 --> 00:00:27,720
Speaker 1: quit the front bench over net zero and Quantas rolls

8
00:00:27,760 --> 00:00:30,120
Speaker 1: out a new class of flying It is Monday, the

9
00:00:30,240 --> 00:00:33,479
Speaker 1: tenth of November twenty twenty five. Are Michael Thompson and

10
00:00:33,520 --> 00:00:37,760
Speaker 1: Good Morning, Sean Aylmer. Good morning Michael, Sean the main

11
00:00:37,880 --> 00:00:41,440
Speaker 1: story this morning. Some of Australia's best known companies, including

12
00:00:41,479 --> 00:00:44,959
Speaker 1: blue chips CSL and James Hardy, have been among the

13
00:00:45,080 --> 00:00:48,680
Speaker 1: worst performing stocks so far in twenty twenty five.

14
00:00:49,880 --> 00:00:53,240
Speaker 2: It has been quite remarkable. This year has been very

15
00:00:53,320 --> 00:00:56,240
Speaker 2: unusual in that blue chip or near blue chip companies

16
00:00:56,640 --> 00:01:00,120
Speaker 2: have been dumped by investors and i as have a

17
00:01:00,160 --> 00:01:03,560
Speaker 2: bunch of high profile names, names that were market favorites.

18
00:01:03,840 --> 00:01:06,480
Speaker 2: Normally you get a bunch of tin pot miners being

19
00:01:06,480 --> 00:01:10,120
Speaker 2: the worst performers. Not in twenty twenty five, Treasury Winer

20
00:01:10,160 --> 00:01:14,959
Speaker 2: states James Hardy, Wise Tech Global, Telix Pharmaceuticals, Guzmany Gomez,

21
00:01:15,400 --> 00:01:20,039
Speaker 2: Domino's and CSL have all fallen by somewhere between thirty

22
00:01:20,080 --> 00:01:23,400
Speaker 2: five and fifty percent. The worst performer this year has

23
00:01:23,480 --> 00:01:26,800
Speaker 2: been Plumbing Group Rees controlled by the Wilson family. Not

24
00:01:26,840 --> 00:01:29,600
Speaker 2: really a blue chip because there are so few shareholders,

25
00:01:29,640 --> 00:01:33,839
Speaker 2: but it has constantly been a great performer on the AX.

26
00:01:33,880 --> 00:01:36,920
Speaker 2: That was until March this year, when it outlined problems

27
00:01:36,920 --> 00:01:39,720
Speaker 2: in its US business and much greater competition at home.

28
00:01:39,760 --> 00:01:42,959
Speaker 2: Its share price has half this year. Keep running down

29
00:01:43,000 --> 00:01:45,679
Speaker 2: the list of thirty percent plus losses in twenty twenty five,

30
00:01:46,040 --> 00:01:50,720
Speaker 2: ad Viva Energy, Flight Center and block owner of Afterpay.

31
00:01:51,280 --> 00:01:53,880
Speaker 2: We're not talking about tiny miners where a commodity price

32
00:01:53,920 --> 00:01:57,520
Speaker 2: has gone against them. These are cash flow positive businesses

33
00:01:57,960 --> 00:02:01,920
Speaker 2: who have, for various reasons been shunned by investors. I

34
00:02:01,960 --> 00:02:05,200
Speaker 2: can't remember at any time since I've been reporting that

35
00:02:05,840 --> 00:02:08,800
Speaker 2: the top women the worst performing twelve stocks on the

36
00:02:08,800 --> 00:02:12,160
Speaker 2: ASEX two hundred in this period of time, it sort

37
00:02:12,160 --> 00:02:16,360
Speaker 2: of been we're ten months through are actually all well

38
00:02:16,400 --> 00:02:17,639
Speaker 2: known stocks.

39
00:02:18,280 --> 00:02:21,200
Speaker 1: There's certainly a hint of this during reporting season, wasn't

40
00:02:21,200 --> 00:02:24,680
Speaker 1: there when these some of these blue chip companies. When

41
00:02:24,720 --> 00:02:29,080
Speaker 1: you're talking about Reese, James Hardy CSL on their results

42
00:02:29,440 --> 00:02:31,960
Speaker 1: and also on the expectations of what was coming. They

43
00:02:32,000 --> 00:02:34,839
Speaker 1: were dropping kind of twenty percent in a single day,

44
00:02:34,880 --> 00:02:39,760
Speaker 1: which was just extraordinary. But they're quite varied. Is there

45
00:02:39,800 --> 00:02:43,840
Speaker 1: a theme running across these companies, perhaps something that investors

46
00:02:43,880 --> 00:02:44,640
Speaker 1: can draw on.

47
00:02:45,720 --> 00:02:48,800
Speaker 2: I was wondering that and not really though at a

48
00:02:48,919 --> 00:02:52,720
Speaker 2: stretch you could say those operating in the United States

49
00:02:53,240 --> 00:02:56,480
Speaker 2: have had a harder time of it. Certainly the case

50
00:02:56,520 --> 00:02:59,240
Speaker 2: for Reese, Treasury, Wine or States can throw into that.

51
00:02:59,320 --> 00:03:02,560
Speaker 2: James Hardy definitely. Of course it brought that US business

52
00:03:02,560 --> 00:03:07,440
Speaker 2: AZC block owner of Afterpay, Telxharmaceuticals, very much out of

53
00:03:07,480 --> 00:03:10,200
Speaker 2: the US, CSL very much out of the US. Actually,

54
00:03:10,200 --> 00:03:12,200
Speaker 2: I think I've just convinced myself there is a theme

55
00:03:13,960 --> 00:03:16,440
Speaker 2: if you think of all those companies, just so much

56
00:03:16,480 --> 00:03:20,480
Speaker 2: economic uncertainty in that market, brought on by Tariff's inconsistent

57
00:03:20,520 --> 00:03:24,000
Speaker 2: policy making. So whereas I started the sentence saying I

58
00:03:24,040 --> 00:03:25,760
Speaker 2: don't think there's any theme, maybe there is a bit

59
00:03:25,800 --> 00:03:30,440
Speaker 2: of a theme. A Mcquarie Bank, like Mcquarie Group, that's

60
00:03:30,560 --> 00:03:33,440
Speaker 2: not I think it's down eight percent this year you

61
00:03:33,480 --> 00:03:35,840
Speaker 2: can't say it's one of the worst performers, though it

62
00:03:35,880 --> 00:03:39,320
Speaker 2: is a poorly performing stock. That's very much about what's

63
00:03:39,320 --> 00:03:43,240
Speaker 2: happened in the US as well. Aristocrat leisures down nine percent.

64
00:03:43,480 --> 00:03:46,840
Speaker 2: In fact, there's quite the theme here, yes, operating the US. Otherwise,

65
00:03:46,880 --> 00:03:49,600
Speaker 2: why said global has been more about corporate governance concerns

66
00:03:49,640 --> 00:03:53,680
Speaker 2: Guzman agoms and dominates more about valuations where growth is

67
00:03:53,760 --> 00:03:56,720
Speaker 2: coming from. The imprecation for investors in all of this

68
00:03:57,560 --> 00:04:00,760
Speaker 2: is that perhaps some returns, including super one hundred turns,

69
00:04:01,280 --> 00:04:04,720
Speaker 2: might not be quite as good as hoped. Very much

70
00:04:04,720 --> 00:04:07,360
Speaker 2: to stock pickers market, I think this is.

71
00:04:07,320 --> 00:04:11,680
Speaker 1: My favorite story where you have actually convinced yourself convinced

72
00:04:11,720 --> 00:04:14,440
Speaker 1: yourself midway through that you have solved the You have

73
00:04:14,560 --> 00:04:18,120
Speaker 1: solved the riddle. Okay, if we kind of put the

74
00:04:18,480 --> 00:04:21,240
Speaker 1: rest of the year to one side, what about the weekend?

75
00:04:21,240 --> 00:04:23,039
Speaker 1: Where did markets finish up over the weekend?

76
00:04:23,160 --> 00:04:25,920
Speaker 2: Well, on Friday, the SMPA six two hundred closed down

77
00:04:25,920 --> 00:04:29,000
Speaker 2: to zero point seven percent to eighty seven hundred and

78
00:04:29,040 --> 00:04:32,800
Speaker 2: seventy points, lowest clothes in six weeks. Anyone listening to

79
00:04:32,839 --> 00:04:35,560
Speaker 2: the weekend edition would know that, Michael, because you use

80
00:04:35,640 --> 00:04:38,039
Speaker 2: that as your Favorite story for the week and didn't

81
00:04:38,040 --> 00:04:40,880
Speaker 2: win the category. Just didn't trying that in. For the week,

82
00:04:40,960 --> 00:04:42,840
Speaker 2: the market was down. The local market was down one

83
00:04:42,839 --> 00:04:45,840
Speaker 2: point three percent. It's about four percent below its record.

84
00:04:45,960 --> 00:04:48,239
Speaker 2: Wall Street closed slightly higher, though it was a really

85
00:04:48,320 --> 00:04:52,440
Speaker 2: volatile session. Tesla tumbled in video tumble, then it recovered

86
00:04:52,480 --> 00:04:55,799
Speaker 2: its losses. The VIX, the volatility index, is at quite

87
00:04:55,839 --> 00:04:59,200
Speaker 2: high levels at the moment. Over there. The US government shutdown,

88
00:04:59,200 --> 00:05:01,800
Speaker 2: it's continuing. There's a lack of economic data being released

89
00:05:01,839 --> 00:05:05,120
Speaker 2: that isn't helping. The information that is coming out private

90
00:05:05,120 --> 00:05:08,600
Speaker 2: sector data such as the University of Michigan consumer sentiment

91
00:05:08,880 --> 00:05:11,279
Speaker 2: data that came out over the weekend. That's the main

92
00:05:11,360 --> 00:05:14,800
Speaker 2: consumer sentiment reading in the US. It's going negative. That

93
00:05:14,920 --> 00:05:17,800
Speaker 2: isn't helping. In terms of markets, THEZI dollar starts the

94
00:05:17,800 --> 00:05:21,880
Speaker 2: week buying sixty five US sense bitcoins trading just over

95
00:05:21,920 --> 00:05:24,080
Speaker 2: one hundred and three thousand US dollars a unit goals

96
00:05:24,080 --> 00:05:26,880
Speaker 2: at just under four thousand US dollars announced, and Brent

97
00:05:27,000 --> 00:05:31,280
Speaker 2: Krude is around sixty four US dollars a barrel.

98
00:05:30,440 --> 00:05:33,720
Speaker 1: The lack of data in the US, it's one of

99
00:05:33,800 --> 00:05:37,120
Speaker 1: the things that I talk to Diana Messina from AMP

100
00:05:37,560 --> 00:05:40,160
Speaker 1: about today and the week Ahead, which comes up after

101
00:05:40,200 --> 00:05:43,480
Speaker 1: the show today, just how difficult it is for the

102
00:05:43,480 --> 00:05:47,360
Speaker 1: FED in particular to try and kind of make decisions

103
00:05:47,600 --> 00:05:49,880
Speaker 1: when all of the official data, most of the official

104
00:05:49,920 --> 00:05:51,760
Speaker 1: data isn't coming through and they're having to rely on

105
00:05:51,800 --> 00:05:56,120
Speaker 1: all these partial kind of indicators that are released separately,

106
00:05:56,200 --> 00:06:00,240
Speaker 1: And just how much of a minefield it is trying

107
00:06:00,279 --> 00:06:02,320
Speaker 1: to make those decisions. That's coming up after the show

108
00:06:02,360 --> 00:06:04,239
Speaker 1: Fear and Greek Q and a The week Ahead Today

109
00:06:04,560 --> 00:06:06,240
Speaker 1: quick Break. Sean will be back in a moment with

110
00:06:06,279 --> 00:06:15,080
Speaker 1: the rest of the day's business news. Sean. Moderate Liberal

111
00:06:15,160 --> 00:06:19,000
Speaker 1: MPs have warned that there will be front bench resignations

112
00:06:19,120 --> 00:06:22,560
Speaker 1: if the party abandoned a commitment to net zero emissions,

113
00:06:23,040 --> 00:06:29,640
Speaker 1: While conservatives inside the team insists that net zero must

114
00:06:29,680 --> 00:06:30,520
Speaker 1: be dumped.

115
00:06:30,520 --> 00:06:33,920
Speaker 2: The Conservatives argue there needs to be a clear delineation

116
00:06:34,040 --> 00:06:36,760
Speaker 2: between the Libs and the government on the issue. The

117
00:06:36,800 --> 00:06:40,000
Speaker 2: Liberal Party will hold a series of internal party meetings

118
00:06:40,000 --> 00:06:43,280
Speaker 2: in canber this week to sort out the issue. Both

119
00:06:43,279 --> 00:06:45,720
Speaker 2: sides appeared to becoming more entrenched now I've got a

120
00:06:45,760 --> 00:06:48,039
Speaker 2: mayor Coulpe here. Last week we were talking about this

121
00:06:48,120 --> 00:06:50,760
Speaker 2: week being the last week of parliamentary sitting. It's not

122
00:06:52,040 --> 00:06:56,039
Speaker 2: the Libs are in town, but actual parliament doesn't sit

123
00:06:56,480 --> 00:06:59,359
Speaker 2: for another couple of weeks. The last sitting week is

124
00:06:59,400 --> 00:07:02,400
Speaker 2: in a couple of week's time anyway. Opposition front bencher

125
00:07:03,040 --> 00:07:07,440
Speaker 2: Andrew Bragg said abandoning net zero terminology in the party's

126
00:07:07,480 --> 00:07:12,720
Speaker 2: climate policy was ridiculous, even given particularly given Australia's commitment

127
00:07:12,800 --> 00:07:16,160
Speaker 2: under the Paris Agreement entered into under a coalition government.

128
00:07:16,760 --> 00:07:18,920
Speaker 2: That agreement is to achieve net zero emissions in the

129
00:07:18,960 --> 00:07:21,800
Speaker 2: second half of the century. Bragg indicated he would quit

130
00:07:21,840 --> 00:07:25,280
Speaker 2: Susan Lee's shadow ministry if the Party didn't stay in

131
00:07:25,320 --> 00:07:26,200
Speaker 2: the Paris Agreement.

132
00:07:26,800 --> 00:07:31,680
Speaker 1: All right, let's talk property Sean the second busiest auction

133
00:07:31,840 --> 00:07:35,120
Speaker 1: week of the year. The preliminary clearance rate over the

134
00:07:35,240 --> 00:07:37,800
Speaker 1: last seven days has come in at just under seventy

135
00:07:37,840 --> 00:07:41,440
Speaker 1: two percent, which really does suggest that the housing market

136
00:07:41,520 --> 00:07:44,239
Speaker 1: is in pretty good health. Rude health, I think, rude health.

137
00:07:44,560 --> 00:07:47,400
Speaker 2: Rude health, particularly given that more than thirty one hundred

138
00:07:47,440 --> 00:07:50,920
Speaker 2: homes went to auction. More expected this coming week. We

139
00:07:51,120 --> 00:07:55,440
Speaker 2: are in peak spring selling season. Michael, those lawns would

140
00:07:55,440 --> 00:07:58,200
Speaker 2: be looking very flesh. I'm sure your lawn's looking at

141
00:07:58,240 --> 00:07:58,600
Speaker 2: the moment.

142
00:07:58,680 --> 00:08:02,000
Speaker 1: Oh god, it's not full dawn renovation, which means you

143
00:08:02,120 --> 00:08:03,680
Speaker 1: to kind of mow it right down and kind of

144
00:08:03,760 --> 00:08:06,080
Speaker 1: rip out all of the thatch and everything. It looks disastrous,

145
00:08:06,120 --> 00:08:08,320
Speaker 1: but it'll come good. Sean. Sorry, there's the update for

146
00:08:08,360 --> 00:08:09,160
Speaker 1: anyone interested.

147
00:08:09,240 --> 00:08:12,000
Speaker 2: Yeah, those that don't know, Michael is a lawn pawn man.

148
00:08:12,120 --> 00:08:17,480
Speaker 2: He loves his enthusiast, Sean an enthusiast. The driver of

149
00:08:17,520 --> 00:08:21,320
Speaker 2: the strong clearance rate result over the weekend was Melbourne.

150
00:08:21,360 --> 00:08:24,080
Speaker 2: It jumped from sixty six percent last week, which was

151
00:08:24,120 --> 00:08:27,360
Speaker 2: of course affected by racing, to nearly seventy three percent.

152
00:08:27,400 --> 00:08:29,560
Speaker 2: Sidney came in at seventy percent over the past week,

153
00:08:29,760 --> 00:08:32,760
Speaker 2: which was actually a little lower. Brisbane and Adelaide both

154
00:08:32,800 --> 00:08:35,440
Speaker 2: came in around seventy eight percent, while the act sixty

155
00:08:35,480 --> 00:08:39,120
Speaker 2: four percent price is generally a holding up to, particularly

156
00:08:39,160 --> 00:08:42,360
Speaker 2: for cheaper in mid range homes. So I think we

157
00:08:42,400 --> 00:08:44,120
Speaker 2: can say rude health, Michael, Yeah.

158
00:08:44,000 --> 00:08:45,440
Speaker 1: Rude health indeed. And I love the fact that I

159
00:08:45,520 --> 00:08:47,559
Speaker 1: use the opportunity to give an update on my lawn.

160
00:08:47,559 --> 00:08:50,640
Speaker 1: And I actually said, for anyone interested, I can guarantee

161
00:08:50,679 --> 00:08:54,040
Speaker 1: you that there is nobody who was interested in here

162
00:08:54,480 --> 00:08:57,800
Speaker 1: during an update on how my lawn is going? How

163
00:08:57,840 --> 00:09:01,480
Speaker 1: about this though, Around half a million Australians are taking

164
00:09:01,559 --> 00:09:04,800
Speaker 1: weight loss drugs every month, and almost fifty percent of

165
00:09:05,000 --> 00:09:08,480
Speaker 1: users are actually buying them privately for up to six

166
00:09:08,559 --> 00:09:09,559
Speaker 1: hundred dollars a month.

167
00:09:09,840 --> 00:09:12,640
Speaker 2: A study by the University of New South Wales reported

168
00:09:12,679 --> 00:09:15,440
Speaker 2: in the AFR shows the surge in the usage of

169
00:09:15,559 --> 00:09:18,480
Speaker 2: GLP one drugs, many of which have been pushed by

170
00:09:18,520 --> 00:09:22,240
Speaker 2: influencers and celebrities. Sales of the medicines marketed under the

171
00:09:22,240 --> 00:09:26,400
Speaker 2: brand names Zepic and Manjaro surged in the five years

172
00:09:26,440 --> 00:09:28,719
Speaker 2: to April twenty twenty five. In that month, more than

173
00:09:28,880 --> 00:09:32,960
Speaker 2: six million units or monthly jabs were sold in Australian

174
00:09:33,080 --> 00:09:36,080
Speaker 2: according to the data the study measured sales and pharmaceutical

175
00:09:36,120 --> 00:09:39,600
Speaker 2: benefit schemes data. Some in the medical profession fear that

176
00:09:39,760 --> 00:09:43,520
Speaker 2: Australians are taking the drugs without a real medical need,

177
00:09:44,000 --> 00:09:47,520
Speaker 2: despite uncertainty around their long term side effects.

178
00:09:48,040 --> 00:09:51,760
Speaker 1: Plenty of corporate news Around last Friday, we had Macquarie

179
00:09:51,800 --> 00:09:55,560
Speaker 1: delivering a six month profit of one point seven billion dollars,

180
00:09:55,600 --> 00:09:59,800
Speaker 1: helped by higher fees in the asset management business, although

181
00:09:59,840 --> 00:10:01,559
Speaker 1: the result did miss expectations.

182
00:10:01,840 --> 00:10:05,240
Speaker 2: Yes and Mcquarie's sare price fell six percent on Friday.

183
00:10:05,400 --> 00:10:08,599
Speaker 2: Both operating income and costs were higher. Mcquarie's Commodities in

184
00:10:08,640 --> 00:10:12,800
Speaker 2: Global Markets division its contributions did fifteen percent in the

185
00:10:12,840 --> 00:10:15,120
Speaker 2: first half. It was also a write down of offshore

186
00:10:15,160 --> 00:10:18,120
Speaker 2: wind assets, particularly in the United States, with reference to

187
00:10:18,559 --> 00:10:21,400
Speaker 2: our earlier comment about operating the United our earlier story

188
00:10:21,440 --> 00:10:25,240
Speaker 2: about operating in the United States. Essentially, mcquarie has had

189
00:10:25,280 --> 00:10:29,360
Speaker 2: some investment wins, including last month's announcement that it will

190
00:10:29,400 --> 00:10:32,120
Speaker 2: sell a data center business in the US as part

191
00:10:32,120 --> 00:10:34,800
Speaker 2: of consortium for about forty billion US dollars. That's the

192
00:10:34,840 --> 00:10:38,360
Speaker 2: good news, but it's had some real compliance problems, with

193
00:10:38,440 --> 00:10:41,920
Speaker 2: the corporate regulators suing the group over alleged misreporting of trading.

194
00:10:43,280 --> 00:10:46,079
Speaker 1: Now, I think this next one's really interesting Quantus.

195
00:10:46,200 --> 00:10:49,040
Speaker 2: It's all interesting, Michael, They're all interesting, I know, But this.

196
00:10:49,200 --> 00:10:51,760
Speaker 1: I mean, if you're going to appeal to me here,

197
00:10:51,800 --> 00:10:53,640
Speaker 1: you're either going to talk about lawn or you're going

198
00:10:53,679 --> 00:10:56,360
Speaker 1: to talk about airlines. And so you've nailed this one, Sean.

199
00:10:56,600 --> 00:10:59,600
Speaker 1: But quantas set to roll out a new class of

200
00:10:59,720 --> 00:11:03,600
Speaker 1: flying for domestic travel. You've already got economy and you've

201
00:11:03,640 --> 00:11:07,640
Speaker 1: already got premium economy. An economy plus is gonna kind

202
00:11:07,640 --> 00:11:09,640
Speaker 1: of slip somewhere in the middle there.

203
00:11:10,360 --> 00:11:13,319
Speaker 2: So it's targeted at the shrinking number of corporate flyers,

204
00:11:13,320 --> 00:11:18,560
Speaker 2: particularly those attracted to Virgin's economy is it economy X

205
00:11:18,600 --> 00:11:20,800
Speaker 2: products of course, I can't remember how they call it,

206
00:11:21,480 --> 00:11:26,760
Speaker 2: so they had that economy x ad Virgin All carriers

207
00:11:26,800 --> 00:11:29,240
Speaker 2: domestic lads have been hit somewhat by job losses at

208
00:11:29,280 --> 00:11:31,760
Speaker 2: big corporates outside of mining, so the fly and fly

209
00:11:31,800 --> 00:11:34,240
Speaker 2: out models working well, but the banks, for example, have

210
00:11:34,280 --> 00:11:38,560
Speaker 2: announced cost cutting measures. That's hurt the airlines also. COVID

211
00:11:38,600 --> 00:11:41,760
Speaker 2: of course changed work patterns forever, including the use of teleconferencing.

212
00:11:42,160 --> 00:11:45,520
Speaker 2: Quantits's response is to create the new class with up

213
00:11:45,600 --> 00:11:49,080
Speaker 2: to forty percent more legroom, priority boarding, and access to

214
00:11:49,200 --> 00:11:53,440
Speaker 2: overhead baggage space. Now, those who travel know that all

215
00:11:53,559 --> 00:11:56,000
Speaker 2: priority boarding means is that you actually get to the

216
00:11:56,120 --> 00:12:00,000
Speaker 2: overhead baggage space before everyone else. So that's how that works,

217
00:12:00,080 --> 00:12:02,280
Speaker 2: and it came as Quantas said it expects domestic revenue

218
00:12:02,320 --> 00:12:05,080
Speaker 2: to rise, though not as much as previously forecast. While leisure,

219
00:12:05,760 --> 00:12:09,040
Speaker 2: small and medium sized business and resource demand remained strong.

220
00:12:09,080 --> 00:12:13,960
Speaker 2: The international revenue outlooks remain solid, though expected revenue is

221
00:12:14,000 --> 00:12:16,800
Speaker 2: slightly lower for the current half year on the back

222
00:12:16,840 --> 00:12:19,320
Speaker 2: of a delay in A three eighties returning to the

223
00:12:19,360 --> 00:12:22,280
Speaker 2: sky helping later in the year with the upcoming Ashes

224
00:12:22,559 --> 00:12:27,920
Speaker 2: test cricket series. Put all that together, investors not really impressed,

225
00:12:28,160 --> 00:12:33,680
Speaker 2: notwithstanding the new category for domestic travelare Aquantis's share price

226
00:12:33,720 --> 00:12:35,240
Speaker 2: felt seven percent on Friday.

227
00:12:36,240 --> 00:12:40,000
Speaker 1: Two more quick ones shown online property group Area reported

228
00:12:40,040 --> 00:12:42,920
Speaker 1: a four percent rise in revenue for the September quarter

229
00:12:42,920 --> 00:12:44,000
Speaker 1: and a jump in listings.

230
00:12:44,320 --> 00:12:49,040
Speaker 2: While listings were well, yields were higher. Actually not a

231
00:12:49,120 --> 00:12:51,480
Speaker 2: jump in listing, but the yields were definitely higher. Especially

232
00:12:51,480 --> 00:12:54,720
Speaker 2: in Australia, home sellers dropped in bits for premium products

233
00:12:54,760 --> 00:12:57,439
Speaker 2: and buying out on products. Real estate dot com dot

234
00:12:57,440 --> 00:13:00,480
Speaker 2: a U gets twelve point six million monthly visitors a month.

235
00:13:00,679 --> 00:13:01,280
Speaker 2: That's a lot.

236
00:13:01,600 --> 00:13:05,079
Speaker 1: That is a significant number. And the two big media

237
00:13:05,120 --> 00:13:09,760
Speaker 1: companies News Corp and Nine Entertainment both released earnings updates.

238
00:13:09,880 --> 00:13:12,520
Speaker 2: That's right. News Courst quarterly report shows a small jump

239
00:13:12,520 --> 00:13:15,600
Speaker 2: in revenue for the September quarter. Dow Jones and Digital

240
00:13:15,640 --> 00:13:20,280
Speaker 2: real Estate Services i EREA. They lead the way. News

241
00:13:20,280 --> 00:13:22,320
Speaker 2: Corp Australia had a strong quarter with a sharp drop

242
00:13:22,400 --> 00:13:24,880
Speaker 2: in costs helping the bottom line. News Corps share price

243
00:13:24,960 --> 00:13:29,360
Speaker 2: rose three percent on Friday. At the nine Entertainment AGM

244
00:13:29,480 --> 00:13:33,120
Speaker 2: on Friday, Peter Tanner replaced Catherine West as the chair.

245
00:13:33,640 --> 00:13:36,880
Speaker 2: Stan is doing well for that company. It's expected to

246
00:13:36,920 --> 00:13:39,959
Speaker 2: continue more earnings growth with higher revenue of setting a

247
00:13:40,040 --> 00:13:42,679
Speaker 2: jump in costs. Though nine share price closed down two

248
00:13:42,720 --> 00:13:43,920
Speaker 2: percent on Friday.

249
00:13:44,160 --> 00:13:48,360
Speaker 1: And some sad news overnight. Seawan John Laws passed away yesterday.

250
00:13:48,360 --> 00:13:51,280
Speaker 1: The man known as Golden Tonsils with his golden microphone,

251
00:13:51,280 --> 00:13:53,520
Speaker 1: spent seven decades in talkback radio.

252
00:13:53,840 --> 00:13:56,280
Speaker 2: Began his career in nine point fifty three in Bendigo,

253
00:13:56,480 --> 00:14:00,520
Speaker 2: worked most of his career in Sydney before retire just

254
00:14:00,600 --> 00:14:02,880
Speaker 2: one year ago. A true legend of the media.

255
00:14:02,920 --> 00:14:06,800
Speaker 1: Yes indeed, turning to International News Now and COP thirty

256
00:14:07,000 --> 00:14:10,160
Speaker 1: starts in Brazil tonight, with the key message likely to

257
00:14:10,200 --> 00:14:13,160
Speaker 1: be that efforts to tackle climate change are moving too slowly.

258
00:14:13,520 --> 00:14:16,760
Speaker 2: It's the thirtieth annual UN Climate Meeting. The cop acronym

259
00:14:16,840 --> 00:14:19,720
Speaker 2: stands for Conference of the Parties, the Parties and the

260
00:14:19,760 --> 00:14:22,000
Speaker 2: nearly two hundred countries that have signed up to the

261
00:14:22,040 --> 00:14:25,320
Speaker 2: original UN Climate Change Agreement. Of nineteen ninety two. World

262
00:14:25,400 --> 00:14:28,520
Speaker 2: leaders actually gathered late last week and over the weekend.

263
00:14:28,560 --> 00:14:31,840
Speaker 2: The conference begins tonight our time. Over the next two weeks,

264
00:14:31,840 --> 00:14:34,880
Speaker 2: negotiators from those two hundred countries will thrash out the

265
00:14:34,920 --> 00:14:37,840
Speaker 2: technical details on everything from how best to cut emissions

266
00:14:38,160 --> 00:14:40,680
Speaker 2: to the structure of funds to help the poorest deal

267
00:14:40,760 --> 00:14:44,160
Speaker 2: with the impacts of increasingly extreme weather. According to Bloomberg,

268
00:14:44,360 --> 00:14:47,200
Speaker 2: any final deal will involve finding a consensus that can

269
00:14:47,240 --> 00:14:50,040
Speaker 2: be tolerated by both the world's biggest fossil fuel producers

270
00:14:50,560 --> 00:14:53,120
Speaker 2: and the small island states on the front lines of

271
00:14:53,240 --> 00:14:56,240
Speaker 2: sea level rising at a time when other issues like

272
00:14:56,280 --> 00:14:59,160
Speaker 2: trade and war are displacing climate from the top of

273
00:14:59,200 --> 00:15:00,120
Speaker 2: the international jam.

274
00:15:00,800 --> 00:15:04,360
Speaker 1: And finally, Sean, a super typhoon, has made landfall in

275
00:15:04,400 --> 00:15:08,040
Speaker 1: the Philippines, where more than nine hundred thousand people have

276
00:15:08,120 --> 00:15:09,040
Speaker 1: been evacuated.

277
00:15:09,480 --> 00:15:11,440
Speaker 2: It's happening as we go to air this morning. The

278
00:15:11,560 --> 00:15:14,280
Speaker 2: storm has sustained winds of nearly two hundred kilometers an

279
00:15:14,320 --> 00:15:16,640
Speaker 2: hour gusted up to two hundred and thirty kilometers an hour.

280
00:15:16,960 --> 00:15:20,440
Speaker 2: The eye of the storm hit the Aurora Province in Luzon,

281
00:15:20,600 --> 00:15:24,400
Speaker 2: which is the Philippines' most populous Island. The latest typhoon

282
00:15:24,440 --> 00:15:26,960
Speaker 2: comes to Stays after a previous storm left nearly two

283
00:15:27,080 --> 00:15:27,960
Speaker 2: hundred people dead.

284
00:15:28,440 --> 00:15:30,680
Speaker 1: All right, Up next is Fear and Greed Q and A.

285
00:15:30,800 --> 00:15:33,840
Speaker 1: Today it is the week Ahead with Dianna Messina, Deputy

286
00:15:33,880 --> 00:15:36,040
Speaker 1: Chief Economists from AMP. It's coming up in the Fear

287
00:15:36,040 --> 00:15:39,440
Speaker 1: and Greed playlist on your podcast platform or at Fearangreed

288
00:15:39,440 --> 00:15:41,760
Speaker 1: dot com dot au, all about labor force data coming

289
00:15:41,760 --> 00:15:43,280
Speaker 1: out this week and a bunch of other things. Thank

290
00:15:43,280 --> 00:15:46,040
Speaker 1: you Sean, Thank you Michael. It is Monday, the tenth

291
00:15:46,080 --> 00:15:49,040
Speaker 1: of November twenty twenty five. Make sure you're following the

292
00:15:49,040 --> 00:15:52,480
Speaker 1: podcast to please join us online on LinkedIn, Instagram, x

293
00:15:52,600 --> 00:15:55,200
Speaker 1: TikTok and Facebook. I'm Michael Thompson And that was Fear

294
00:15:55,200 --> 00:15:56,480
Speaker 1: and Greed. Have a great day.