1 00:00:04,160 --> 00:00:07,080 Speaker 1: Welcome to the Fear and Greed Afternoon Report for Thursday 2 00:00:07,120 --> 00:00:09,800 Speaker 1: of the twenty third of October twenty twenty five. I'm 3 00:00:09,800 --> 00:00:12,840 Speaker 1: Michael Thompson, and every afternoon we've got five stories that 4 00:00:12,880 --> 00:00:15,400 Speaker 1: you need to know. This is business news. You can 5 00:00:15,520 --> 00:00:18,640 Speaker 1: use story number one. The SMPA is Sex two hundred 6 00:00:18,720 --> 00:00:21,919 Speaker 1: closed higher today, not by much though, just zero point 7 00:00:22,000 --> 00:00:26,120 Speaker 1: one percent to nine thousand and thirty three points. Six 8 00:00:26,239 --> 00:00:30,000 Speaker 1: of eleven sectors gained ground, led by Energy, which benefited 9 00:00:30,000 --> 00:00:32,600 Speaker 1: from a spike in oil prices. A bit more on 10 00:00:32,600 --> 00:00:36,040 Speaker 1: that one later, Santos climbed two point two percent and 11 00:00:36,120 --> 00:00:38,960 Speaker 1: Woodside jumped four point three percent, though that was also 12 00:00:39,040 --> 00:00:41,440 Speaker 1: due to a partnership it signed with the Gas Infrastructure 13 00:00:41,440 --> 00:00:44,920 Speaker 1: Company in the US. Tech stocks were down, with Zero 14 00:00:45,159 --> 00:00:47,640 Speaker 1: off two and a half percent by now Pay. Later 15 00:00:47,800 --> 00:00:51,440 Speaker 1: company Zip down about the same, and Wistech Global was 16 00:00:51,520 --> 00:00:54,760 Speaker 1: off about one and a half percent. That all followed 17 00:00:54,800 --> 00:00:58,080 Speaker 1: an ordinary leading from tech stocks on Wall Street overnight, 18 00:00:58,160 --> 00:01:02,120 Speaker 1: chiefly Netflix, which tumbled ten percent. Apple was down as well. 19 00:01:02,440 --> 00:01:05,840 Speaker 1: The gold price fell a little more today after yesterday's 20 00:01:05,920 --> 00:01:09,160 Speaker 1: huge sell off, but both Northern Star and Regis Resources 21 00:01:09,200 --> 00:01:12,640 Speaker 1: gained around two percent on some solid quarterly reports. A 22 00:01:12,720 --> 00:01:15,320 Speaker 1: fair bit of corporate news around today. Actually, poker machine 23 00:01:15,319 --> 00:01:19,920 Speaker 1: manufacturer Ainsworth Game Technology jumped four percent after it confirmed 24 00:01:20,319 --> 00:01:23,520 Speaker 1: it has received a partial takeover offer from its second 25 00:01:23,760 --> 00:01:28,200 Speaker 1: largest shareholder, who is also the son of founder Lenn Ainsworth. 26 00:01:28,520 --> 00:01:32,160 Speaker 1: Forts Q Metals Group said it has recorded a jump 27 00:01:32,240 --> 00:01:35,640 Speaker 1: in first quarter iron ore shipments. Its share price climbed 28 00:01:35,680 --> 00:01:39,600 Speaker 1: two point four percent today, and IAG Insurer rose one 29 00:01:39,680 --> 00:01:43,320 Speaker 1: point four percent after it upgraded its twenty twenty six 30 00:01:43,400 --> 00:01:47,760 Speaker 1: fiscal year earnings guidance following the completion of its RACQ 31 00:01:48,040 --> 00:01:51,720 Speaker 1: Insurance acquisition. Onto story number two now and we are 32 00:01:51,760 --> 00:01:55,320 Speaker 1: in the middle of AGM season and one today was 33 00:01:55,480 --> 00:02:00,440 Speaker 1: ASX Limited, where chaired David Clark called it a difficult year. 34 00:02:00,760 --> 00:02:04,920 Speaker 1: I reckon for my money. That's an understatement. Both ASSEK 35 00:02:04,960 --> 00:02:09,040 Speaker 1: and the RBA are inquiring into ASX limited operations after 36 00:02:09,080 --> 00:02:12,480 Speaker 1: an equity market outage late last year. It has not 37 00:02:12,800 --> 00:02:15,960 Speaker 1: been an easy year. The board of the underfire operator 38 00:02:16,000 --> 00:02:19,920 Speaker 1: of the securities exchange just avoided a second strike. There 39 00:02:19,960 --> 00:02:22,680 Speaker 1: was another one today. Perpetual also held its AGM. It 40 00:02:22,760 --> 00:02:25,280 Speaker 1: too avoided a second strike. The big issue of Perpetual 41 00:02:25,360 --> 00:02:28,720 Speaker 1: is the progress or otherwise in the sale of its 42 00:02:28,760 --> 00:02:33,160 Speaker 1: wealth management business, and Brambles reaffirmed its full year guidance 43 00:02:33,280 --> 00:02:37,440 Speaker 1: at its AGM. Shareholders at Brambles somewhat happier than many 44 00:02:37,440 --> 00:02:40,600 Speaker 1: other places, with the pallette maker's share price up thirty 45 00:02:40,639 --> 00:02:43,440 Speaker 1: four percent over the past year. I think that's grounds 46 00:02:43,440 --> 00:02:47,360 Speaker 1: to be reasonably happy. Story number three. Liberal MP Andrew 47 00:02:47,400 --> 00:02:51,079 Speaker 1: Hasty has broken ranks with his coalition colleagues, which he 48 00:02:51,120 --> 00:02:53,640 Speaker 1: has a tendency to do these days, saying that he 49 00:02:53,720 --> 00:02:57,959 Speaker 1: believes US President Donald Trump did know who Kevin Rudd 50 00:02:58,040 --> 00:03:00,680 Speaker 1: was during this week's White House meeting and was simply 51 00:03:00,680 --> 00:03:02,640 Speaker 1: putting on a show. It is a bit of a 52 00:03:02,639 --> 00:03:06,519 Speaker 1: split from Opposition leader Susan Lee, who suggested previously that 53 00:03:06,600 --> 00:03:09,720 Speaker 1: Kevin Rudd should be removed from the position of ambassador 54 00:03:10,000 --> 00:03:13,720 Speaker 1: as it was untenable, particularly not being known by the President. 55 00:03:14,120 --> 00:03:18,320 Speaker 1: Mister Hasty, who did quit the Shadow Ministry recently over 56 00:03:18,360 --> 00:03:21,840 Speaker 1: a split on a number of policies, particularly immigration, told 57 00:03:22,000 --> 00:03:25,760 Speaker 1: to gb today that mister Trump was quote doing good 58 00:03:25,800 --> 00:03:30,200 Speaker 1: reality TV when he mocked Australia's ambassador. Hasty said he 59 00:03:30,320 --> 00:03:32,760 Speaker 1: humiliated Rudd, but Rudd copped it on the chin for 60 00:03:32,800 --> 00:03:35,360 Speaker 1: the country we got the deal, and we move on. 61 00:03:35,920 --> 00:03:39,600 Speaker 1: The remarks do undercut those opposition calls for Rudd's removal. 62 00:03:40,040 --> 00:03:42,240 Speaker 1: Hopefully this might be the last we hear of this 63 00:03:42,280 --> 00:03:45,560 Speaker 1: one for a little while. Story number four, the historic 64 00:03:45,680 --> 00:03:48,680 Speaker 1: East Wing of the White House is being demolished to 65 00:03:48,720 --> 00:03:51,680 Speaker 1: make way for Donald Trump's new three hundred million dollar ballroom. 66 00:03:51,760 --> 00:03:56,720 Speaker 1: Despite earlier assurances the building would be preserved, bulldozers began 67 00:03:56,880 --> 00:03:59,480 Speaker 1: tearing down the structure earlier this week. In fact, the 68 00:03:59,520 --> 00:04:02,480 Speaker 1: work was taking place on the east wing as Anthony 69 00:04:02,480 --> 00:04:05,120 Speaker 1: Albanezi was meeting with Donald Trump in the west wing. 70 00:04:05,680 --> 00:04:08,760 Speaker 1: Trump has defended the decision, saying the east wing quote 71 00:04:08,920 --> 00:04:12,520 Speaker 1: wasn't much, and the new ballroom was paid for one 72 00:04:12,560 --> 00:04:15,480 Speaker 1: hundred percent by me and some friends, and it will be, 73 00:04:15,560 --> 00:04:19,600 Speaker 1: another quote, one of the great ballrooms anywhere in the world. 74 00:04:19,960 --> 00:04:23,240 Speaker 1: Historians and preservationists have condemned the move, warning that the 75 00:04:23,400 --> 00:04:27,880 Speaker 1: addition will overwhelm the White House's classical design. Donald Trump 76 00:04:27,920 --> 00:04:31,200 Speaker 1: has already made some significant changes to the White House, 77 00:04:31,240 --> 00:04:34,159 Speaker 1: having paved over the Rose Garden and added some gold 78 00:04:34,200 --> 00:04:37,760 Speaker 1: trimmings to the Oval office. And finally, story number five, 79 00:04:37,920 --> 00:04:41,640 Speaker 1: a serious one where the US has hit Russia's two 80 00:04:41,880 --> 00:04:46,280 Speaker 1: biggest oil companies with fresh sanctions, accusing Moscow of refusing 81 00:04:46,279 --> 00:04:49,480 Speaker 1: to end its war in Ukraine. It is the first 82 00:04:49,520 --> 00:04:52,640 Speaker 1: time that the US has sanctioned Russia since Donald Trump 83 00:04:52,720 --> 00:04:55,919 Speaker 1: returned to the White House in January. The move comes 84 00:04:55,920 --> 00:04:59,160 Speaker 1: a day after the President's scrapped plans for peace talks 85 00:04:59,160 --> 00:05:03,200 Speaker 1: with Vladimir Putin. Treasury Secretary Scott Bessont said the sanctions 86 00:05:03,240 --> 00:05:06,839 Speaker 1: were aimed at degrading Putin's war chest, and he urged 87 00:05:06,880 --> 00:05:11,279 Speaker 1: allies to follow suit. I mentioned earlier in the episode 88 00:05:11,279 --> 00:05:14,080 Speaker 1: that oil price has climbed. They jumped more than two 89 00:05:14,240 --> 00:05:16,839 Speaker 1: US dollars a barrel on the news now. At the 90 00:05:16,839 --> 00:05:20,920 Speaker 1: same time, Putin has overseen a test of Russia's nuclear forces, 91 00:05:20,960 --> 00:05:24,560 Speaker 1: including the launch of a number of nuclear capable missiles. 92 00:05:24,880 --> 00:05:27,360 Speaker 1: That's it for the Afternoon Report for Thursday, the twenty 93 00:05:27,440 --> 00:05:30,000 Speaker 1: third of October twenty twenty five. Make sure you hit 94 00:05:30,040 --> 00:05:32,839 Speaker 1: follow on the podcast and sign up for our free 95 00:05:33,080 --> 00:05:36,600 Speaker 1: daily newsletter for your chance to win an exclusive merchandise 96 00:05:36,680 --> 00:05:38,719 Speaker 1: pac headlong to Fear and Greed dot com Today you 97 00:05:39,120 --> 00:05:40,800 Speaker 1: I'm Michael Thompson. Enjoy your evening.