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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Tuesday, the twenty seventh of January twenty twenty six.

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Speaker 1: Michael Thompson and every afternoon, we've got the five stories

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Speaker 1: that happened today that you need to know about. Let's

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Speaker 1: go with story number one. The S and P ASX

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Speaker 1: two hundred hit a three month high today and closed

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Speaker 1: zero point nine percent up for the day at eighty

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Speaker 1: nine hundred and forty two points. That is the biggest

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Speaker 1: one day rise so far this year. A great day

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Speaker 1: for the miners, with the price of gold surging yet again,

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Speaker 1: this time passing five thousand, one hundred US dollars, an

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Speaker 1: ounce that played well for the local gold miners. Horizon

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Speaker 1: minerals climbed to more than five percent, Newmont was up

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Speaker 1: one point four percent. The price of silver was up

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Speaker 1: as well. That helped the silver miners, but the big

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Speaker 1: story was another miner, the Big Australian BHP, once again

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Speaker 1: the biggest Australian. It was up more than two point

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Speaker 1: seven percent today with a market cap of two hundred

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Speaker 1: and fifty three billion dollars, passing Conwealth Bank to become

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Speaker 1: the largest company on the ASX. We will have more

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Speaker 1: on this one tomorrow morning. At the other end of

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Speaker 1: the market, monitoring app Life three sixty was off more

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Speaker 1: than eight percent today, as was Minor Alcoa and a

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Speaker 1: quick shout out to the Aussie dollar. It has climbed

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Speaker 1: to sixty nine point four US since approaching its highest

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Speaker 1: level in three years. On to story number two. Now

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Speaker 1: in Victoria has recorded its hottest temperature ever, with the

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Speaker 1: town of wolpy Up in the state's northwest hitting forty

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Speaker 1: eight point nine degrees this afternoon. It is an incredible

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Speaker 1: heat wave. Melbourne has climbed past forty degrees and at

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Speaker 1: the Australian Open the heat stress scale has reached level five,

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Speaker 1: the highest rating. The roof at Rod Labor Arena and

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Speaker 1: Margaret Cord Arena both been closed. Outdoor matches suspended, spectators

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Speaker 1: told to six shades stay hydrated. A cool change is

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Speaker 1: not expected until about eight o'clock tonight between eight and nine,

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Speaker 1: bringing temperatures back into the twenties for the city and

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Speaker 1: southern Victoria, but for much of the state's north and west,

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Speaker 1: conditions are expected to remain dangerously hot, between forty and

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Speaker 1: forty five degrees until at least Saturday, and there are

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Speaker 1: six major bush fires burning across the state, three of

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Speaker 1: them are out of control. Story number three. Queensland Premier

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Speaker 1: David Christi fully has condemned the burning of an Australian

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Speaker 1: flag at Invasion Day protests in Brisbane, describing the act

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Speaker 1: as as disgraceful as you get. Several thousand people attended

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Speaker 1: rallies across the city yesterday, with one protest as setting

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Speaker 1: fire to the flag. Krystal fully said the act crossed

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Speaker 1: from legitimate protest into provocation and called on the federal

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Speaker 1: government to consider adding flag burning to hate speech legislation.

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Speaker 1: He said Queensland would support such a move if it

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Speaker 1: were made an offense federally, and would enforce it. Story

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Speaker 1: number four. Revenue at defense tech company drone Shield almost

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Speaker 1: quadrupled last year, but investors have been spooked by a

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Speaker 1: shrinking sales pipeline and high and expected costs. Shares fell

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Speaker 1: six point five percent today after the company released unaudited

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Speaker 1: results showing revenue jumped from fifty seven million dollars to

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Speaker 1: two hundred and sixteen million dollars. Its sales pipeline, though,

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Speaker 1: dropped from two point five to five billion to two

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Speaker 1: point one billion. D shield says most of its pipeline

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Speaker 1: is now in Europe, where demand for counter drone technology

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Speaker 1: continues to rise. Investors, though, have had a pretty wild

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Speaker 1: ride over the last year, from a peak share price

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Speaker 1: of six dollars seventy in October that was really when

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Speaker 1: Drone shield was a market darling, to a low of

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Speaker 1: one dollar seventy two the following month, after a backlash

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Speaker 1: over the sales of shares by the company's chief executive

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Speaker 1: and other directors. Finally, story number five, the Trump administration

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Speaker 1: has pulled its top border patrol commander out of Minneapolis

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Speaker 1: as outrage grows over the fatal shooting of a civilian

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Speaker 1: by federal immigration officers, with even the National Rifle Association

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Speaker 1: the NRA breaking ranks to criticize the White House. Border

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Speaker 1: Patrol Commander at Large Greg Bavino, and some of his

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Speaker 1: agents are being withdrawn from the city following the killing

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Speaker 1: of the thirty seven year old Alex Pretty, who was

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Speaker 1: shot dead by federal agents during a protest. Video circulating

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Speaker 1: online suggests that Pretty, who was legally allowed to carry

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Speaker 1: a file firearm, wasn't actually holding it at the time

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Speaker 1: that he was shot. The NRA, which is usually a

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Speaker 1: staunch Trump ally, has called for a full investigation, saying

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Speaker 1: it is quote dangerous and wrong to suggest law abiding

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Speaker 1: citizens can be legally killed simply for approaching police while armed.

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Speaker 1: That is it for the afternoon Report for Tuesday, the

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Speaker 1: twenty seventh of January twenty twenty six. Make sure you

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Speaker 1: are following the podcast very important and head along the

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Speaker 1: Fear and Breed dot com dot A you to sign

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Speaker 1: up for our free daily newsletter. Are Michael Thompson Enjoy

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Speaker 1: your evening