1
00:00:03,600 --> 00:00:06,480
Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

2
00:00:06,519 --> 00:00:09,160
Speaker 1: for Tuesday, the thirtieth of September twenty twenty five.

3
00:00:09,280 --> 00:00:10,360
Speaker 2: Are Michael Thompson and.

4
00:00:10,320 --> 00:00:12,680
Speaker 1: Every afternoon we've got the five stories that happen today

5
00:00:12,680 --> 00:00:15,040
Speaker 1: that you need to know about. Let's get cracking with

6
00:00:15,120 --> 00:00:18,160
Speaker 1: story number one. The Reserve Bank has kept the cash

7
00:00:18,280 --> 00:00:21,639
Speaker 1: rate steady at three point six percent today, but it

8
00:00:21,680 --> 00:00:24,480
Speaker 1: has warned that inflation looks set to come in hotter

9
00:00:24,560 --> 00:00:27,200
Speaker 1: than it expected back in August. The Board said the

10
00:00:27,200 --> 00:00:31,400
Speaker 1: decline in underlying inflation has slowed and early reads point

11
00:00:31,480 --> 00:00:35,000
Speaker 1: to a higher September quarter, potentially zero point nine to

12
00:00:35,000 --> 00:00:37,800
Speaker 1: one percent for the quarter versus its zero point six

13
00:00:37,840 --> 00:00:42,279
Speaker 1: percent forecast. Markets now see the November meeting really as

14
00:00:42,320 --> 00:00:45,880
Speaker 1: a coin toss for any move, with many economists betting

15
00:00:45,920 --> 00:00:50,160
Speaker 1: the next change won't actually come until February. Story number

16
00:00:50,320 --> 00:00:53,800
Speaker 1: two is all about markets. Then, the rate decision was

17
00:00:53,880 --> 00:00:56,200
Speaker 1: largely as expected, so it didn't have a huge impact

18
00:00:56,280 --> 00:00:58,400
Speaker 1: on markets, but there was a bit still going on.

19
00:00:58,440 --> 00:01:00,600
Speaker 1: The s and PA SX two hundred clocks zero point

20
00:01:00,680 --> 00:01:03,960
Speaker 1: one percent lower today to eight hundred and forty nine points.

21
00:01:04,640 --> 00:01:06,600
Speaker 1: It was a drop in the price of Oil that

22
00:01:06,640 --> 00:01:09,520
Speaker 1: really pulled the energy sector down. It wasn't the only

23
00:01:09,600 --> 00:01:12,360
Speaker 1: sector that fell. Nine of eleven sectors finished the day lower.

24
00:01:12,640 --> 00:01:14,840
Speaker 1: But if we sick with energy just for a moment,

25
00:01:15,120 --> 00:01:19,280
Speaker 1: Oil and gas giants, Woodside, Santos, both of them dropped.

26
00:01:19,360 --> 00:01:23,520
Speaker 1: Kron Energy, Beach Energy all lower. Oil is now trading

27
00:01:23,520 --> 00:01:27,120
Speaker 1: it under sixty eight US dollars a barrel. There's the

28
00:01:27,160 --> 00:01:30,880
Speaker 1: potential for a market glut, and there's also the possible

29
00:01:31,040 --> 00:01:33,560
Speaker 1: end of the war in Gaza that is affecting prices.

30
00:01:33,560 --> 00:01:36,119
Speaker 1: More on that one in a moment as well. Gold

31
00:01:36,200 --> 00:01:39,160
Speaker 1: prices sawed today, of course, they seemed to soar every day,

32
00:01:39,200 --> 00:01:42,080
Speaker 1: and the precious metal hit another record of three thousand,

33
00:01:42,160 --> 00:01:46,760
Speaker 1: eight hundred and thirty three US dollars an ounce. Romilius Resources, Bellvy, Gold,

34
00:01:46,800 --> 00:01:49,800
Speaker 1: Capricorn Metals all up around three percent, but the biggest

35
00:01:49,840 --> 00:01:53,880
Speaker 1: gold Minernumont, actually lost more than two percent today. That

36
00:01:54,040 --> 00:01:56,920
Speaker 1: was more to do with the resignation though of chief

37
00:01:56,960 --> 00:02:00,520
Speaker 1: executive Tom Palmer, and big news in the world of media,

38
00:02:01,000 --> 00:02:03,600
Speaker 1: seven West Group, which owns the Seven Network and a

39
00:02:03,640 --> 00:02:07,440
Speaker 1: whole bunch of newspapers and other assets, proposing a merger

40
00:02:07,640 --> 00:02:11,760
Speaker 1: with Southern Cross Media. The operator of radio networks including

41
00:02:11,880 --> 00:02:15,440
Speaker 1: Triple M and HIT. If it goes ahead, billionaire Kerry

42
00:02:15,480 --> 00:02:18,600
Speaker 1: Stokes says he will step down a seven West chair.

43
00:02:18,960 --> 00:02:20,760
Speaker 1: A lot still to come on this one. Shares in

44
00:02:20,840 --> 00:02:24,519
Speaker 1: both companies climbed about seven percent today. Story number three,

45
00:02:24,880 --> 00:02:29,200
Speaker 1: Star Entertainment has secured yet another waiver from lenders on

46
00:02:29,240 --> 00:02:32,240
Speaker 1: its four hundred and fifty million dollar debt. Now remember

47
00:02:32,320 --> 00:02:35,160
Speaker 1: this loan. We've talked about this affair bit on the

48
00:02:35,160 --> 00:02:38,800
Speaker 1: show previously. This loan has an interest rate of thirteen

49
00:02:38,919 --> 00:02:43,240
Speaker 1: point five percent. Trading was halted ahead of the announcement

50
00:02:43,280 --> 00:02:48,040
Speaker 1: today that Star has secured its fifth waiver in a year,

51
00:02:48,160 --> 00:02:51,919
Speaker 1: keeping the group afloat after repeated breaches of its loan agreement.

52
00:02:52,280 --> 00:02:56,320
Speaker 1: Shares in the embattled group they have plummeted from three

53
00:02:56,360 --> 00:02:59,120
Speaker 1: dollars forty two as it's high back in early twenty

54
00:02:59,200 --> 00:03:03,360
Speaker 1: twenty two, down to eight point nine cents before today's

55
00:03:03,360 --> 00:03:06,359
Speaker 1: holt has wiped over three billion dollars from the market

56
00:03:06,360 --> 00:03:09,920
Speaker 1: cap across that time. The share price did climb slightly

57
00:03:10,000 --> 00:03:13,639
Speaker 1: once trading resumed today, up to nine cents from eight

58
00:03:13,680 --> 00:03:16,280
Speaker 1: point nine cents. This is all despite one hundred million

59
00:03:16,280 --> 00:03:18,880
Speaker 1: dollars in cost carts that proposed three hundred million dollar

60
00:03:18,960 --> 00:03:21,600
Speaker 1: investment from Bally's out of the US. A deal to

61
00:03:21,680 --> 00:03:26,800
Speaker 1: sell Brisbane's Queen's Wharf Star is still flagging material uncertainty

62
00:03:27,000 --> 00:03:27,840
Speaker 1: over its future.

63
00:03:28,400 --> 00:03:31,480
Speaker 2: Story Number four a big story on the global stage.

64
00:03:31,680 --> 00:03:34,640
Speaker 2: Israel has agreed to a US proposal to end the

65
00:03:34,680 --> 00:03:38,200
Speaker 2: war in Gaza, with Benjamin Ettniahu and Donald Trump announcing

66
00:03:38,240 --> 00:03:41,240
Speaker 2: the deal at the White House. The twenty point plan

67
00:03:41,440 --> 00:03:44,320
Speaker 2: calls for an immediate cease fire, the release of hostages

68
00:03:44,360 --> 00:03:47,880
Speaker 2: and prisoners on both sides, and the disarmament of Hamas

69
00:03:47,920 --> 00:03:51,800
Speaker 2: in exchange for humanitarian aid and reconstruction overseen by an

70
00:03:51,840 --> 00:03:56,840
Speaker 2: international force. A temporary Palestinian governing body would be established,

71
00:03:57,120 --> 00:04:01,360
Speaker 2: supervised by a Board of Peace by Trump and former

72
00:04:01,520 --> 00:04:05,160
Speaker 2: UK Prime Minister Tony Blair. The plan says Israel will

73
00:04:05,200 --> 00:04:09,760
Speaker 2: not annex Gaza and that vetted Palestinian police will eventually

74
00:04:09,800 --> 00:04:14,680
Speaker 2: maintain security, but the proposal does depend on Hamas agreeing

75
00:04:14,680 --> 00:04:17,360
Speaker 2: it has seventy two hours to respond if it refuses.

76
00:04:17,600 --> 00:04:20,960
Speaker 2: Trump says Israel would have and I quote his full

77
00:04:21,000 --> 00:04:25,040
Speaker 2: backing to finish the job. Skepticism remains high in Gaza,

78
00:04:25,080 --> 00:04:28,880
Speaker 2: though mediators Egypt and Katar say Hermas negotiators will review

79
00:04:28,920 --> 00:04:32,640
Speaker 2: the plan in good faith. Finally, Storry number five one

80
00:04:32,680 --> 00:04:35,920
Speaker 2: from the entertainment World Now. Nicole Kidman and Keith Urban

81
00:04:36,080 --> 00:04:39,359
Speaker 2: have reportedly separated after nearly twenty years of marriage. This

82
00:04:39,400 --> 00:04:42,560
Speaker 2: is according to multiple media outlets, who have reported that

83
00:04:42,560 --> 00:04:45,200
Speaker 2: the pair have been living apart for months and Urban

84
00:04:45,240 --> 00:04:48,920
Speaker 2: has secured a separate residence in Nashville. Neither has publicly

85
00:04:49,000 --> 00:04:52,480
Speaker 2: confirmed the split. The couple were together for Urban's tour

86
00:04:52,560 --> 00:04:55,919
Speaker 2: launch in August just last month, and mark their anniversary

87
00:04:55,960 --> 00:04:59,719
Speaker 2: in June on Instagram. Nicole Kidman was recently named Australia's

88
00:04:59,720 --> 00:05:04,159
Speaker 2: four most culturally powerful person has maintained a very heavy

89
00:05:04,240 --> 00:05:08,040
Speaker 2: schedule of film projects. They share two kids, and Kidman

90
00:05:08,080 --> 00:05:11,719
Speaker 2: has two adult children from her previous marriage to Tom Cruise.

91
00:05:12,400 --> 00:05:15,440
Speaker 2: That's it for the Afternoon Report for Tuesday, the thirtieth

92
00:05:15,440 --> 00:05:17,599
Speaker 2: of September twenty twenty five. Make sure you hit follow

93
00:05:17,600 --> 00:05:18,520
Speaker 2: on the podcast.

94
00:05:18,200 --> 00:05:20,760
Speaker 1: And we'll be back tomorrow morning with the Wednesday edition

95
00:05:20,800 --> 00:05:21,599
Speaker 1: of Fear and Greed.

96
00:05:21,800 --> 00:05:23,679
Speaker 2: I'm Michael Thompson. Enjoy your evening