1 00:00:03,560 --> 00:00:06,440 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,480 --> 00:00:09,239 Speaker 1: for Monday, the fifteenth of September twenty twenty five. Are 3 00:00:09,280 --> 00:00:11,960 Speaker 1: Michael Thompson. Every afternoon, We've got the five stories that 4 00:00:11,960 --> 00:00:14,120 Speaker 1: happened today that you need to know about. Let's go 5 00:00:14,200 --> 00:00:17,120 Speaker 1: story number one. The S and PA Sex two hundred 6 00:00:17,160 --> 00:00:20,320 Speaker 1: closed down slightly today, just zero point one percent lower 7 00:00:20,360 --> 00:00:23,840 Speaker 1: to eight hundred and fifty three points. It doesn't sound 8 00:00:23,880 --> 00:00:25,639 Speaker 1: like a huge amount, but the local boss did have 9 00:00:25,640 --> 00:00:28,440 Speaker 1: a pretty strong lead in from Wall Street, with a 10 00:00:28,520 --> 00:00:30,880 Speaker 1: record breaking week last week for the S and P 11 00:00:31,000 --> 00:00:33,920 Speaker 1: five hundred, the Dow Jones, and the Nasdaq, all ahead 12 00:00:33,920 --> 00:00:36,920 Speaker 1: of an expected interest rate cut from the Fed later 13 00:00:37,120 --> 00:00:40,960 Speaker 1: this week. Anyway, locally, the gold miners did poorly, Evolution 14 00:00:41,080 --> 00:00:43,360 Speaker 1: mining down more than five percent. The price of the 15 00:00:43,400 --> 00:00:46,560 Speaker 1: precious metal has eased off a bit today, coming back 16 00:00:46,600 --> 00:00:50,519 Speaker 1: from its record high big jumps, though for lithium miners, 17 00:00:50,560 --> 00:00:53,280 Speaker 1: Pilbrim Minerals was the leader there that was up nine percent. 18 00:00:53,640 --> 00:00:56,800 Speaker 1: The big banks were mixed. A and Z was off 19 00:00:57,000 --> 00:00:59,640 Speaker 1: zero points six percent after it had agreed to pay 20 00:00:59,640 --> 00:01:02,520 Speaker 1: it two one hundred and forty million dollar penalty to 21 00:01:02,600 --> 00:01:06,760 Speaker 1: settle four legal cases. From the corporate watchdog Comonwealth's Bank 22 00:01:06,880 --> 00:01:10,400 Speaker 1: was lower two, but NAB and Westpac both climbed wise. 23 00:01:10,440 --> 00:01:12,720 Speaker 1: Tech Global Now that was up nearly three percent. That 24 00:01:12,800 --> 00:01:15,440 Speaker 1: was one of the beneficiaries of the tech led surge 25 00:01:15,440 --> 00:01:18,440 Speaker 1: on Wall Street on to story number two now and 26 00:01:18,800 --> 00:01:23,360 Speaker 1: the coalition. The Federal Coalition has recorded its lowest primary 27 00:01:23,520 --> 00:01:27,360 Speaker 1: vote in newspoll history. Now support for Susan Lee's party 28 00:01:27,400 --> 00:01:31,120 Speaker 1: has slumped to twenty seven percent, while Labor holds a 29 00:01:31,200 --> 00:01:34,920 Speaker 1: commanding two party lead of fifty eight to forty two percent. 30 00:01:35,440 --> 00:01:38,839 Speaker 1: The minor parties, though, are the winners really, which seems 31 00:01:38,880 --> 00:01:41,440 Speaker 1: to be the message in the Resolve polling in nine 32 00:01:41,440 --> 00:01:45,240 Speaker 1: newspapers that show's support for Pauline Hanson's One Nation has 33 00:01:45,319 --> 00:01:48,080 Speaker 1: hit a record high of twelve percent. The result comes 34 00:01:48,120 --> 00:01:51,320 Speaker 1: after a fairly tumultuous couple of weeks for Liberal leader 35 00:01:51,360 --> 00:01:55,160 Speaker 1: Susan Lee, including the sacking of Senator Jacinta numperjin pro 36 00:01:55,160 --> 00:01:58,960 Speaker 1: Price last week. Not helping the coalition will be the 37 00:01:59,000 --> 00:02:02,120 Speaker 1: release today of the first National Climate Risk Assessment Report, 38 00:02:02,360 --> 00:02:06,040 Speaker 1: which predicts a sharp increase in heat deaths and hundreds 39 00:02:06,040 --> 00:02:09,080 Speaker 1: of billions of dollars in property damage if global warming 40 00:02:09,200 --> 00:02:11,799 Speaker 1: isn't addressed, and that is an issue that the coalition 41 00:02:11,960 --> 00:02:15,160 Speaker 1: just can't quite seem to agree on. Under Story number 42 00:02:15,200 --> 00:02:18,560 Speaker 1: three and shares in Emoco jumped to a four year 43 00:02:18,639 --> 00:02:21,520 Speaker 1: high today after the mining services provider said that it 44 00:02:21,600 --> 00:02:26,000 Speaker 1: had received unsolicited interest from potential acquirers, not that anyone's 45 00:02:26,000 --> 00:02:28,400 Speaker 1: actually stumped up a bid. In a statement, the company 46 00:02:28,400 --> 00:02:31,079 Speaker 1: said at this time no party has put forward a 47 00:02:31,120 --> 00:02:34,800 Speaker 1: proposal which warrants being progressed to a binding proposal. The 48 00:02:34,880 --> 00:02:37,880 Speaker 1: Australian reports that it is a group in the US 49 00:02:38,040 --> 00:02:41,519 Speaker 1: who is believed to be interested in a potential buyout, 50 00:02:41,760 --> 00:02:45,480 Speaker 1: and Co's share price climbed seven point eight percent today. 51 00:02:46,040 --> 00:02:49,400 Speaker 1: Story number four and staying I suppose with investing. Commercial 52 00:02:49,400 --> 00:02:54,120 Speaker 1: property is back, sort of, with positive sentiment now reported 53 00:02:54,200 --> 00:02:57,800 Speaker 1: in every sector and every state. The NAB Commercial Property 54 00:02:57,840 --> 00:03:00,880 Speaker 1: Index is close to its highest level in eight years, 55 00:03:00,919 --> 00:03:03,720 Speaker 1: even though it did dip slightly this quarter for the 56 00:03:03,720 --> 00:03:07,560 Speaker 1: first time since twenty twenty two. Though confidence in Melbourne's 57 00:03:07,600 --> 00:03:11,280 Speaker 1: commercial property market has turned positive. This is according to 58 00:03:11,680 --> 00:03:17,440 Speaker 1: NAB's latest Commercial Property survey. The optimism in commercial property, 59 00:03:17,480 --> 00:03:21,120 Speaker 1: which has been the laggard of the sector really since COVID, 60 00:03:21,440 --> 00:03:25,160 Speaker 1: particularly in Melbourne is being driven by fewer empty officers, 61 00:03:25,560 --> 00:03:27,880 Speaker 1: hopes that property values are going to rise, and a 62 00:03:28,160 --> 00:03:32,360 Speaker 1: generally brighter mood among developers and investors, according to the report. 63 00:03:32,960 --> 00:03:35,040 Speaker 1: And finally, storry number five. I know this is not 64 00:03:35,160 --> 00:03:38,280 Speaker 1: strictly business news, but it's what people are talking about today. 65 00:03:38,320 --> 00:03:42,320 Speaker 1: The Emmy Awards, which are TV's Night of Nights, has 66 00:03:42,360 --> 00:03:46,440 Speaker 1: seen HBO's low budget medical drama The Pit named Best Drama, 67 00:03:46,880 --> 00:03:51,680 Speaker 1: Apple TV Satire The studio got Best Comedy, Netflix's Adolescence 68 00:03:51,880 --> 00:03:55,160 Speaker 1: claimed Best Limited Series. The Stars of Severance and Hacks 69 00:03:55,240 --> 00:03:58,920 Speaker 1: also picked up awards. In total, I find this interesting. 70 00:03:59,160 --> 00:04:03,920 Speaker 1: HBO and Netflix tied for top spot with thirty awards each. 71 00:04:04,200 --> 00:04:08,920 Speaker 1: Apple TV collected twenty two, and interestingly, CBS is The 72 00:04:09,000 --> 00:04:12,840 Speaker 1: Late Show with Stephen Colbert finally won Best Talk Series. 73 00:04:12,960 --> 00:04:15,920 Speaker 1: It came months after the network announced that the show 74 00:04:15,960 --> 00:04:18,960 Speaker 1: was being axed, and the host used his moment on 75 00:04:19,120 --> 00:04:21,920 Speaker 1: stage to ask if anybody in the room happened to 76 00:04:21,920 --> 00:04:24,720 Speaker 1: be hiring. That's it for the Afternoon Report for Monday, 77 00:04:24,760 --> 00:04:27,400 Speaker 1: the fifteenth of September twenty twenty five. Make sure you 78 00:04:27,640 --> 00:04:29,880 Speaker 1: follow on the podcast, and we'll be back tomorrow morning 79 00:04:29,920 --> 00:04:32,440 Speaker 1: with the Tuesday edition of Fear and Greed Are Michael 80 00:04:32,440 --> 00:04:33,920 Speaker 1: Thompson enjoy your evening