1 00:00:04,200 --> 00:00:06,760 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,760 --> 00:00:09,319 Speaker 1: for Friday eighty twenty the February twenty twenty six. I'm 3 00:00:09,320 --> 00:00:12,079 Speaker 1: Sean Elmer. Every afternoon, we've got the five stories that 4 00:00:12,200 --> 00:00:14,600 Speaker 1: happened today that you need to know about. Sorry. Number one. 5 00:00:14,640 --> 00:00:17,160 Speaker 1: The local share market was down slightly today about four 6 00:00:17,200 --> 00:00:19,880 Speaker 1: points to nine thy eighty one points, but for the 7 00:00:19,880 --> 00:00:23,239 Speaker 1: week it was up one point eight percent. Concerns about 8 00:00:23,239 --> 00:00:25,880 Speaker 1: a US attack on Iran wade on the market today. 9 00:00:26,239 --> 00:00:29,680 Speaker 1: Technology was again the weakest sector. One of the strongest, 10 00:00:29,680 --> 00:00:32,199 Speaker 1: not surprisingly given what's happening in the Middle East, was 11 00:00:32,200 --> 00:00:35,840 Speaker 1: the energy sector, with oil prices hitting their highest level 12 00:00:35,960 --> 00:00:41,080 Speaker 1: since August. Also doing well today utilities, financials and property companies. 13 00:00:41,440 --> 00:00:44,720 Speaker 1: Story number two. The arrest of Andrew Mountbatten Windsor this 14 00:00:44,800 --> 00:00:48,760 Speaker 1: morning and his release pending investigation, has captured the global 15 00:00:48,760 --> 00:00:51,680 Speaker 1: media from the UK to the US and Australia. He's 16 00:00:51,720 --> 00:00:54,520 Speaker 1: the first royal to be held since Charles the First 17 00:00:54,880 --> 00:00:58,400 Speaker 1: in sixteen forty seven, and spent eleven hours in custody 18 00:00:58,440 --> 00:01:02,440 Speaker 1: on his sixty six first day. King Charles third, his brother, 19 00:01:02,840 --> 00:01:05,560 Speaker 1: said the law must take its course. In response to 20 00:01:05,600 --> 00:01:08,800 Speaker 1: Andrew's arrest and that the police had his full and 21 00:01:08,920 --> 00:01:13,200 Speaker 1: wholehearted support and cooperation. Police had previously said that they 22 00:01:13,200 --> 00:01:17,600 Speaker 1: were considering investigating Andrew over allegations relating to his association 23 00:01:18,040 --> 00:01:21,800 Speaker 1: with the late sex offender Jeffrey Epstein, and we're reviewing allegations, 24 00:01:21,800 --> 00:01:26,320 Speaker 1: he shared confidential material. The already iconic photo of the 25 00:01:26,400 --> 00:01:29,040 Speaker 1: day came with the former prince slumped in the back 26 00:01:29,080 --> 00:01:31,800 Speaker 1: seat of a vehicle after leaving the police station. It's 27 00:01:31,840 --> 00:01:34,920 Speaker 1: well worth chasing that one down. Story number three. Opposition 28 00:01:35,000 --> 00:01:38,600 Speaker 1: leader Angus Taylor said that coal fired power stations need 29 00:01:38,640 --> 00:01:41,600 Speaker 1: to be open for as long as necessary and be 30 00:01:41,680 --> 00:01:44,360 Speaker 1: a key part of the energy mix. Speaking on Sky News, 31 00:01:44,400 --> 00:01:47,520 Speaker 1: he said that was incredibly important that that happened and 32 00:01:47,560 --> 00:01:49,840 Speaker 1: the best way to keep electricity prices down now. The 33 00:01:49,840 --> 00:01:53,639 Speaker 1: Coalition formally abandoned the net zero emissions target by twenty 34 00:01:53,680 --> 00:01:57,600 Speaker 1: fifty in December last year. Notably, Taylor today said the 35 00:01:57,640 --> 00:02:01,800 Speaker 1: mix of energy included coal, gas, renewables, and uranium. Storying 36 00:02:01,880 --> 00:02:04,920 Speaker 1: number four Goodsman E Gomez's share price fell fourteen percent 37 00:02:04,960 --> 00:02:08,280 Speaker 1: today after unveiling higher sales and earnings, but the result 38 00:02:08,440 --> 00:02:12,360 Speaker 1: was below market expectations, about three percent below that sent 39 00:02:12,480 --> 00:02:15,400 Speaker 1: the share price south. The share price is off sixty 40 00:02:15,400 --> 00:02:17,720 Speaker 1: percent of the past year. Despite being considered one of 41 00:02:17,760 --> 00:02:21,160 Speaker 1: the best fast food retailers in Australia. At seventeen dollars 42 00:02:21,160 --> 00:02:24,040 Speaker 1: fifty three a share, it is now below its offer 43 00:02:24,080 --> 00:02:26,880 Speaker 1: price of twenty two bucks. Back in the middle of 44 00:02:26,919 --> 00:02:30,239 Speaker 1: twenty twenty four, storying Number five Insure a QBE share 45 00:02:30,240 --> 00:02:33,280 Speaker 1: price jumped seven percent after the group reported eight twenty 46 00:02:33,280 --> 00:02:36,359 Speaker 1: one percent lift in full year net profit ahead of expectations. 47 00:02:36,680 --> 00:02:39,160 Speaker 1: That was on the back of higher premium income and 48 00:02:39,280 --> 00:02:42,840 Speaker 1: better investment returns. Most of qbe's income is made offshore 49 00:02:42,880 --> 00:02:45,840 Speaker 1: from commercial products rather than domestic home and motor policies. 50 00:02:46,200 --> 00:02:48,639 Speaker 1: Boss Andrew Horton said the exit of the North American 51 00:02:48,680 --> 00:02:52,640 Speaker 1: non core portfolio was progressing well and nearly concluded that 52 00:02:52,840 --> 00:02:56,440 Speaker 1: means the business can be more focused with substantially less 53 00:02:56,520 --> 00:03:00,640 Speaker 1: property catastrophe exposure. That's it for the afternoon report for Friday, 54 00:03:00,680 --> 00:03:03,480 Speaker 1: the twentieth, February twenty twenty six. Make sure you're following 55 00:03:03,520 --> 00:03:06,079 Speaker 1: the past. Make sure sorry, I'll say that again. Make 56 00:03:06,120 --> 00:03:09,440 Speaker 1: sure you're following the podcast and head along to fearangreed 57 00:03:09,440 --> 00:03:11,160 Speaker 1: dot com today You to sign up for our free 58 00:03:11,240 --> 00:03:14,519 Speaker 1: daily newsletter. I'm sure and Almam enjoy your evening.