1 00:00:03,600 --> 00:00:06,760 Speaker 1: Welcome to Fear and Greed. Business Year's Afternoon Report for Wednesday, 2 00:00:06,800 --> 00:00:09,039 Speaker 1: the eighth of October twenty twenty five. I'm sure in 3 00:00:09,080 --> 00:00:11,559 Speaker 1: ailmar every afternoon, we've got the five stories that happened 4 00:00:11,600 --> 00:00:14,000 Speaker 1: today that you need to know about. Stoneum one. The 5 00:00:14,040 --> 00:00:17,760 Speaker 1: SMPA SEX two hundred closed slightly lower today to eighty 6 00:00:17,880 --> 00:00:20,040 Speaker 1: nine hundred and forty eight points, and it was the 7 00:00:20,160 --> 00:00:23,919 Speaker 1: consumer discretionary stocks leading the market south that followed a 8 00:00:23,920 --> 00:00:26,320 Speaker 1: pretty good day for those stocks yesterday. The market can 9 00:00:26,360 --> 00:00:30,000 Speaker 1: be very fickle at times. Among the large caps, West Farmers, Aristocrat, 10 00:00:30,080 --> 00:00:32,920 Speaker 1: Leisure in Tostra were the worst performers. QBE, Sigma Healthcare 11 00:00:33,240 --> 00:00:36,720 Speaker 1: and Rio Tinto among the best couple of notables today. 12 00:00:37,120 --> 00:00:40,839 Speaker 1: Miso blast rallied nine percent after reporting US revenues for 13 00:00:41,159 --> 00:00:44,800 Speaker 1: ryan thul its therapy to treat children for complications that 14 00:00:44,840 --> 00:00:49,240 Speaker 1: could occur during bone marrow transplants, had increased by sixty 15 00:00:49,479 --> 00:00:52,320 Speaker 1: six percent in the September quarter. Its share price has 16 00:00:52,320 --> 00:00:56,200 Speaker 1: almost doubled since its loads in June, though it is 17 00:00:56,240 --> 00:00:57,720 Speaker 1: only back to where it was at the beginning of 18 00:00:57,720 --> 00:01:00,160 Speaker 1: the year, and James Hardy's share price jump ten percent 19 00:01:00,280 --> 00:01:03,520 Speaker 1: today after upgrading its sales and earnings Forecast Chief executive 20 00:01:03,560 --> 00:01:07,240 Speaker 1: Aaron Uta said the integration of the US based AZC 21 00:01:07,360 --> 00:01:11,520 Speaker 1: was on track. Hardy share price, notwithstanding today's rise, is 22 00:01:11,600 --> 00:01:15,000 Speaker 1: off almost twenty percent this year. Storry number two Gold 23 00:01:15,040 --> 00:01:18,840 Speaker 1: has pushed through four thousand US dollars announce driven by 24 00:01:18,840 --> 00:01:24,080 Speaker 1: investors seeking safety from economic and geopolitical uncertainty alongside expectations 25 00:01:24,080 --> 00:01:27,480 Speaker 1: of further interesstraight cuts by the US Federal Reserve. Spot 26 00:01:27,560 --> 00:01:30,440 Speaker 1: gold today hit an all time high of four thousand 27 00:01:30,959 --> 00:01:34,319 Speaker 1: US dollars and ninety six cents US goal futures for 28 00:01:34,400 --> 00:01:39,280 Speaker 1: decemberly rereached four twenty US dollars per ounce. Spot gold 29 00:01:39,400 --> 00:01:42,039 Speaker 1: is up fifty two percent year to date after rising 30 00:01:42,080 --> 00:01:44,399 Speaker 1: twenty seven percent last year. A bunch of factors in 31 00:01:44,480 --> 00:01:48,240 Speaker 1: that higher central bank purchases, renewed interest in gold backed 32 00:01:48,280 --> 00:01:53,400 Speaker 1: exchange traded funds, softer US dollars, resilient retail demand all 33 00:01:53,400 --> 00:01:56,360 Speaker 1: have fueled the metal's bullish run. Also been a bit 34 00:01:56,400 --> 00:01:59,520 Speaker 1: of fomo going on there too. Story number three. Australia 35 00:01:59,520 --> 00:02:01,840 Speaker 1: and Singapore all have committed to closer ties with Prime 36 00:02:01,840 --> 00:02:06,560 Speaker 1: Minister Anthony Albernezi and his Singaporean counterpart Lawrence Wong launching 37 00:02:06,600 --> 00:02:11,000 Speaker 1: an upgraded Comprehensive Strategic partnership today. This year marks sixty 38 00:02:11,040 --> 00:02:13,799 Speaker 1: years of diplomatic relations between the two countries, ten years 39 00:02:13,840 --> 00:02:18,680 Speaker 1: of a comprehensive strategic partnership. That partnership two point zero, 40 00:02:19,000 --> 00:02:23,080 Speaker 1: as Albernizi called it, aims to increase defense cooperation, expand 41 00:02:23,160 --> 00:02:27,280 Speaker 1: economic partnerships on supply chains, and deepen cultural ties. Prime 42 00:02:27,320 --> 00:02:30,040 Speaker 1: Minister Wong said the partnership will seek to give Australia 43 00:02:30,040 --> 00:02:33,480 Speaker 1: greater access to Singapore's air and naval bases straight um before. 44 00:02:33,520 --> 00:02:36,360 Speaker 1: The Albanesi government has stopped eighty six million dollars in 45 00:02:36,400 --> 00:02:40,880 Speaker 1: fraudulent and wrongful National Disability Insurance Scheme claims, but has 46 00:02:40,919 --> 00:02:44,239 Speaker 1: had to spend more than half eight billion dollars implementing 47 00:02:44,320 --> 00:02:47,640 Speaker 1: the crackdown. The rejected claims are among one hundred thousand 48 00:02:47,639 --> 00:02:51,720 Speaker 1: from NDIS providers, plan managers and participants scrutinized by the 49 00:02:51,720 --> 00:02:55,519 Speaker 1: independent statutory Agency in the twenty four to twenty five 50 00:02:55,520 --> 00:02:59,600 Speaker 1: Financial Air NDIS Minister Jenny McCallister said twenty thousand high 51 00:02:59,720 --> 00:03:02,080 Speaker 1: risk clims were reviewed each month. These account for just 52 00:03:02,320 --> 00:03:05,400 Speaker 1: zero point one percent of the fifteen point two million 53 00:03:05,440 --> 00:03:09,400 Speaker 1: claims made over the same period. Experts, including the Gratin Institute, 54 00:03:09,440 --> 00:03:13,280 Speaker 1: have repeatedly said cracking down on fraud doesn't achieve meaningful 55 00:03:13,320 --> 00:03:16,320 Speaker 1: savings that can only be done through a structural overhaul 56 00:03:16,360 --> 00:03:20,720 Speaker 1: of the NDS, and story number five a little left 57 00:03:20,840 --> 00:03:23,640 Speaker 1: field for a business program. But fears are growing for 58 00:03:23,680 --> 00:03:27,280 Speaker 1: Dolly Parton's health after the country music superstar canceled shows 59 00:03:27,320 --> 00:03:30,440 Speaker 1: and her sister posted an emotional message to fans on 60 00:03:30,480 --> 00:03:34,680 Speaker 1: social media. Free to Parton posted, I quote last night, 61 00:03:34,760 --> 00:03:36,840 Speaker 1: I was up all night praying for my sister Dolly. 62 00:03:36,880 --> 00:03:39,160 Speaker 1: She's strong, she's loved, and with all the prayers being 63 00:03:39,600 --> 00:03:42,160 Speaker 1: lifted for her, I know in my heart she's going 64 00:03:42,200 --> 00:03:45,120 Speaker 1: to be just fined. Godspeed, my cissy, Dolly. We all 65 00:03:45,160 --> 00:03:48,960 Speaker 1: love you now. Dolly Parton is an absolute legend of 66 00:03:49,000 --> 00:03:52,040 Speaker 1: the music industry, not just country music, but all music. 67 00:03:52,560 --> 00:03:54,800 Speaker 1: She canceled a series of Vegas shows. At the time 68 00:03:54,840 --> 00:03:58,000 Speaker 1: of those cancelations a couple of months ago, she posted, 69 00:03:58,080 --> 00:03:59,800 Speaker 1: as many of you know, I have been dealing with 70 00:03:59,800 --> 00:04:02,600 Speaker 1: some health challenges and my doctors tell me I must 71 00:04:02,680 --> 00:04:04,720 Speaker 1: have a few procedures. As I joked with them, it 72 00:04:04,760 --> 00:04:07,360 Speaker 1: must be time for my one hundred thousand mile checkup. 73 00:04:07,520 --> 00:04:09,920 Speaker 1: Although it's not the usual trip to see my plastic surgeon, 74 00:04:10,240 --> 00:04:13,120 Speaker 1: a tremendous individual, we wish her the best. That's it's 75 00:04:13,160 --> 00:04:15,720 Speaker 1: the afternoon Report for Wednesday, the eighth of October twenty 76 00:04:15,760 --> 00:04:17,720 Speaker 1: twenty five. Make sure you hit follow on the podcast. 77 00:04:17,960 --> 00:04:20,360 Speaker 1: We will be back tomorrow morning with the Thursday edition 78 00:04:20,400 --> 00:04:22,360 Speaker 1: of Fear and Green Business News. I'm sure I Alma, 79 00:04:22,640 --> 00:04:23,359 Speaker 1: enjoy your evening.