1
00:00:03,400 --> 00:00:06,200
Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

2
00:00:06,240 --> 00:00:09,080
Speaker 1: for Wednesday, the first of April twenty twenty six, Oh

3
00:00:09,119 --> 00:00:11,560
Speaker 1: Michael Thompson, and every afternoon, we've got the five stories

4
00:00:11,560 --> 00:00:13,600
Speaker 1: that happened today that you need to know about. Let's

5
00:00:13,600 --> 00:00:15,680
Speaker 1: go with story number one. The S and PA SEX

6
00:00:15,720 --> 00:00:19,680
Speaker 1: two hundred rebounded very sharply today, jumping two point two

7
00:00:19,840 --> 00:00:23,079
Speaker 1: percent to eight thousand, six hundred and seventy two points.

8
00:00:23,400 --> 00:00:25,680
Speaker 1: That is the strongest day for the BOSS in a

9
00:00:25,760 --> 00:00:29,160
Speaker 1: year since last April, and saw ten of the eleven

10
00:00:29,200 --> 00:00:32,240
Speaker 1: sectors gain ground on optimism that the conflict in Iran

11
00:00:32,320 --> 00:00:35,400
Speaker 1: may be nearing an end. The rally added about sixty

12
00:00:35,400 --> 00:00:37,960
Speaker 1: eight billion dollars in value to the market. It was

13
00:00:38,080 --> 00:00:41,320
Speaker 1: miners who led the rebound. Gold briefly topped four thousand,

14
00:00:41,360 --> 00:00:44,960
Speaker 1: seven hundred US dollars an ounce. Gold miner Neumont surged

15
00:00:45,000 --> 00:00:48,440
Speaker 1: four and a half percent, great Land Resources nearly fifteen percent,

16
00:00:48,520 --> 00:00:52,239
Speaker 1: Pentoro gold more than ten percent. BHP was also up

17
00:00:52,320 --> 00:00:56,240
Speaker 1: it climbed more than four percent. The uranium stocks had

18
00:00:56,280 --> 00:00:59,480
Speaker 1: a good day. They rallied. Paladin was up nearly seven percent,

19
00:00:59,520 --> 00:01:03,520
Speaker 1: Depllo so more than nine percent. The textocs, though did

20
00:01:03,560 --> 00:01:07,360
Speaker 1: well as well today, so to the banks. Commonwealth Bank

21
00:01:07,440 --> 00:01:09,800
Speaker 1: was up two and a half percent, NAB, Westpac A

22
00:01:09,880 --> 00:01:11,840
Speaker 1: and ZED We're all up more than one percent on

23
00:01:11,959 --> 00:01:15,400
Speaker 1: Destory number two. Now and Prime Minister Anthony Abernezi will

24
00:01:15,400 --> 00:01:19,840
Speaker 1: deliver a rare televised address to the nation tonight, reportedly

25
00:01:19,880 --> 00:01:22,800
Speaker 1: aimed at reassuring Australians about fuel supplies ahead of the

26
00:01:22,800 --> 00:01:26,039
Speaker 1: easter to break. According to media reports, the government says

27
00:01:26,080 --> 00:01:30,040
Speaker 1: the speech will focus on calming concerns and encouraging households

28
00:01:30,040 --> 00:01:34,400
Speaker 1: to voluntarily save fuel for areas and industries that need it,

29
00:01:34,840 --> 00:01:39,040
Speaker 1: rather than announcing any major new measures. Speculation about fuel

30
00:01:39,120 --> 00:01:42,480
Speaker 1: rationing has been ruled out for now, with official stressing

31
00:01:42,480 --> 00:01:46,399
Speaker 1: supply remained stable despite panic buying an increased demand from industry,

32
00:01:46,680 --> 00:01:50,000
Speaker 1: although there is talk there may be need for restrictions

33
00:01:50,040 --> 00:01:53,000
Speaker 1: sometime after easter. It is the first time that a

34
00:01:53,040 --> 00:01:55,800
Speaker 1: Prime minister has addressed the nation on all TV channels

35
00:01:55,800 --> 00:01:59,240
Speaker 1: and radio networks since Scott Morrison did a week before

36
00:01:59,280 --> 00:02:03,200
Speaker 1: the first Pandeam lockdowns in twenty twenty. Story number three.

37
00:02:03,240 --> 00:02:06,560
Speaker 1: Speaking of national addresses, US President Donald Trump will address

38
00:02:06,600 --> 00:02:09,800
Speaker 1: his country tomorrow morning our time with what's described as

39
00:02:09,800 --> 00:02:13,359
Speaker 1: an important update on Iran. It comes after he said

40
00:02:13,400 --> 00:02:17,119
Speaker 1: the US could end its military campaign against Iran within

41
00:02:17,160 --> 00:02:20,440
Speaker 1: two to three weeks, even without a formal deal. Trump

42
00:02:20,440 --> 00:02:24,520
Speaker 1: said the objective was to neutralize Iran's nuclear capability, suggesting

43
00:02:24,560 --> 00:02:27,919
Speaker 1: once that goal is achieved, US forces could withdraw even

44
00:02:27,960 --> 00:02:30,520
Speaker 1: if there's no diplomatic solution in place and no outcome

45
00:02:30,560 --> 00:02:34,440
Speaker 1: to the block straight of hermus On. At the same time,

46
00:02:34,760 --> 00:02:37,880
Speaker 1: the President has ramped up pressure on allies, telling countries

47
00:02:37,919 --> 00:02:40,679
Speaker 1: that have not supported the US effort to go get

48
00:02:40,720 --> 00:02:45,160
Speaker 1: your own oil. Story number four. Australia's biggest car dealership company,

49
00:02:45,200 --> 00:02:49,040
Speaker 1: Eagers Automotive, jumped nearly ten percent today after entering into

50
00:02:49,040 --> 00:02:52,440
Speaker 1: agreements to acquire two Oudy dealers in Melbourne along with

51
00:02:52,480 --> 00:02:56,120
Speaker 1: a forty nine percent interest in Grand Motors Group. The

52
00:02:56,200 --> 00:02:59,080
Speaker 1: deal with Grand Motors means that it'll gain an interest

53
00:02:59,160 --> 00:03:01,120
Speaker 1: in a bunch of dealers on the Gold Coast, in

54
00:03:01,200 --> 00:03:04,600
Speaker 1: Queensland and also in Sydney. Egers also said that the

55
00:03:04,639 --> 00:03:08,160
Speaker 1: completion of the Canada one Auto deal was now expected

56
00:03:08,160 --> 00:03:11,040
Speaker 1: in the second quarter. Eagers bought sixty five percent of

57
00:03:11,040 --> 00:03:14,520
Speaker 1: that business last October for a billion dollars. Eagers share

58
00:03:14,520 --> 00:03:17,239
Speaker 1: price picked in October last year close to thirty five

59
00:03:17,280 --> 00:03:20,960
Speaker 1: dollars a share, then tumbled to last month to about

60
00:03:20,960 --> 00:03:23,639
Speaker 1: twenty dollars, but in less than three weeks it's up

61
00:03:23,840 --> 00:03:28,160
Speaker 1: twenty percent, including the jump yesterday. The group has about

62
00:03:28,160 --> 00:03:32,240
Speaker 1: a fourteen percent share of the new vehicle market, selling

63
00:03:32,280 --> 00:03:38,240
Speaker 1: brands including Toyota, Ford, Hyunda, BMW and China's BYD and finally,

64
00:03:38,240 --> 00:03:40,920
Speaker 1: Story Number five something a little bit lighter to end

65
00:03:40,920 --> 00:03:43,520
Speaker 1: the day. It is, of course, April Fool's Day, and

66
00:03:43,560 --> 00:03:45,640
Speaker 1: it's good to see plenty of companies have gotten into

67
00:03:45,640 --> 00:03:48,520
Speaker 1: the spirit of it with fake product launches and announcements.

68
00:03:48,560 --> 00:03:52,320
Speaker 1: Galore Bunnings teamed up with Veggimite to launch a giant

69
00:03:52,480 --> 00:03:55,320
Speaker 1: ten liters tub of the Spread, complete with a paint

70
00:03:55,400 --> 00:03:57,800
Speaker 1: roller for application as long as it's nice and the

71
00:03:57,880 --> 00:04:02,120
Speaker 1: light though. Another good one was from Australia Post It

72
00:04:02,400 --> 00:04:07,160
Speaker 1: advertised roles for passenger princesses riding alongside delivery drivers. A

73
00:04:07,160 --> 00:04:10,120
Speaker 1: passenger princess it's an affectionate term for someone who prefers

74
00:04:10,120 --> 00:04:12,720
Speaker 1: to be driven around rather than get behind the wheel themselves.

75
00:04:13,120 --> 00:04:17,279
Speaker 1: Now Burger Chain Grilled promoted a Burger themed massage service

76
00:04:17,720 --> 00:04:22,679
Speaker 1: using sauce inspired oils. Ugboots announced a clip on umbrella

77
00:04:22,720 --> 00:04:26,000
Speaker 1: to keep your boots dry. Cat food brand Whiskers announced

78
00:04:26,000 --> 00:04:29,599
Speaker 1: a fashion line called cat Air cat Hair with the

79
00:04:29,640 --> 00:04:33,239
Speaker 1: tagline It's already what you Wear. And then trucking companies

80
00:04:33,279 --> 00:04:37,520
Speaker 1: Scaner announced delivery drones that use AI to map delivery roots,

81
00:04:37,520 --> 00:04:40,880
Speaker 1: which honestly doesn't sound that far fetched, except the project's

82
00:04:41,040 --> 00:04:44,080
Speaker 1: name is drop Bear. And that's it for the Afternoon

83
00:04:44,120 --> 00:04:47,000
Speaker 1: Report for Wednesday, the first of April. Make sure you're

84
00:04:47,000 --> 00:04:49,160
Speaker 1: following the podcast and head along to Fear and Greed

85
00:04:49,200 --> 00:04:50,880
Speaker 1: dot com dot au to sign up for our free

86
00:04:50,960 --> 00:04:53,880
Speaker 1: daily newsletter. I'm Michael Thompson. Enjoy your eating