1
00:00:04,160 --> 00:00:07,160
Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

2
00:00:07,200 --> 00:00:09,760
Speaker 1: for Monday, the twenty ninth of September twenty twenty five.

3
00:00:09,840 --> 00:00:12,480
Speaker 1: I'm Michael Thompson, and every afternoon we've got the five

4
00:00:12,520 --> 00:00:15,120
Speaker 1: stories that happen today that you need to know about.

5
00:00:15,320 --> 00:00:18,439
Speaker 1: So let's go story number one. The S and p

6
00:00:18,600 --> 00:00:22,400
Speaker 1: ASX two hundred surged almost one percent today, is closing

7
00:00:22,560 --> 00:00:26,479
Speaker 1: at eight eight hundred and sixty three points. Nine of

8
00:00:26,520 --> 00:00:29,840
Speaker 1: the eleven sectors recorded gains today, leading away with the

9
00:00:29,920 --> 00:00:32,879
Speaker 1: banks Comwealth Bank was up two point two percent, Westpac

10
00:00:32,960 --> 00:00:35,880
Speaker 1: two percent, and A and Z one point seven percent.

11
00:00:36,240 --> 00:00:39,120
Speaker 1: That is all ahead of the RBA's interest rate decision

12
00:00:39,240 --> 00:00:43,360
Speaker 1: tomorrow afternoon. The Central Bank, of course widely tipped to

13
00:00:43,440 --> 00:00:47,240
Speaker 1: leave the official cash rate on hold. But healthcare also

14
00:00:47,360 --> 00:00:51,040
Speaker 1: rebounded after a shocker on Friday when the US slapped

15
00:00:51,040 --> 00:00:54,120
Speaker 1: to one hundred percent tariff on pharmaceutical exports to the country.

16
00:00:55,080 --> 00:00:58,600
Speaker 1: CSL climb two and a half percent higher, Tilix Pharmaceuticals

17
00:00:58,680 --> 00:01:01,240
Speaker 1: up one point four percent. Good day as well today

18
00:01:01,280 --> 00:01:04,600
Speaker 1: for the gold miners, Evolution Mining was up four point

19
00:01:04,640 --> 00:01:08,680
Speaker 1: four percent, Newmont up four percent. Why the price of

20
00:01:08,680 --> 00:01:11,240
Speaker 1: gold just seems to keep on going, it hit yet

21
00:01:11,319 --> 00:01:15,640
Speaker 1: another high, passing three thousand, eight hundred US dollars for

22
00:01:15,680 --> 00:01:19,040
Speaker 1: the first time. The best performer though on the balls

23
00:01:19,040 --> 00:01:23,520
Speaker 1: today was Drone Shield, which is the drone technology company.

24
00:01:23,800 --> 00:01:26,720
Speaker 1: It is a relative newcomer to the top two hundred

25
00:01:26,720 --> 00:01:30,279
Speaker 1: stocks on the ASX, but it searched almost eighteen percent today.

26
00:01:30,319 --> 00:01:33,720
Speaker 1: It is tied to ongoing geopolitical trouble and more need

27
00:01:33,760 --> 00:01:36,520
Speaker 1: for drone defenses in Europe. At the other end of

28
00:01:36,560 --> 00:01:39,479
Speaker 1: the market, the big miners slumped somewhat on the back

29
00:01:39,520 --> 00:01:42,360
Speaker 1: of weaker iron ore prices due to sluggish demand for

30
00:01:42,400 --> 00:01:45,319
Speaker 1: steel in China. Onto story number two now and the

31
00:01:45,360 --> 00:01:49,400
Speaker 1: Albanese government has delivered its first budget deficits despite a

32
00:01:49,520 --> 00:01:54,360
Speaker 1: surge in personal income tax collections and records superannuation Returns.

33
00:01:54,760 --> 00:01:59,320
Speaker 1: Treasurer Jim Chalmers says stronger employment and wages growth lifted

34
00:01:59,360 --> 00:02:02,160
Speaker 1: income tax to three hundred and thirty eight billion dollars,

35
00:02:02,400 --> 00:02:05,240
Speaker 1: but government spending climbed to a record seven hundred and

36
00:02:05,280 --> 00:02:08,120
Speaker 1: twenty seven billion dollars, pushing the deficit to just under

37
00:02:08,200 --> 00:02:12,440
Speaker 1: ten billion. That was significantly smaller though than previously expected,

38
00:02:12,480 --> 00:02:14,600
Speaker 1: but of course it's still given the opposition something to

39
00:02:14,639 --> 00:02:19,359
Speaker 1: target Shadow Treasurer Ted O'Brien, saying charmers won the lotto

40
00:02:19,639 --> 00:02:21,880
Speaker 1: and went on a spending spree. We'll have more on

41
00:02:21,919 --> 00:02:25,600
Speaker 1: this one tomorrow. Story number three. Optis has been unable

42
00:02:25,639 --> 00:02:29,240
Speaker 1: to explain why emergency calls failed for the second time

43
00:02:29,440 --> 00:02:32,440
Speaker 1: in less than two weeks, with some not diverted to

44
00:02:32,600 --> 00:02:37,480
Speaker 1: rival carriers as required the outage. This new one centered

45
00:02:37,560 --> 00:02:42,120
Speaker 1: on Woollongong south of Sydney, prevented twelve Triple O calls

46
00:02:42,160 --> 00:02:46,639
Speaker 1: getting through yesterday, while NBNCo also suffered a separate failure

47
00:02:46,680 --> 00:02:50,880
Speaker 1: in Wa. The Australian Communications and Media Authority has launched

48
00:02:50,880 --> 00:02:54,840
Speaker 1: an investigation, with Treasurer Jim Chalmers calling it a shocking failure.

49
00:02:55,160 --> 00:02:58,480
Speaker 1: Pressure is growing on OPTA CEO Stephen Rue, though the

50
00:02:58,520 --> 00:03:02,040
Speaker 1: owner of Optus Singhtel is still backing him. To continue.

51
00:03:02,840 --> 00:03:06,480
Speaker 1: Story number four, Anthony Aberizi has used a keynote speech

52
00:03:06,480 --> 00:03:09,919
Speaker 1: at the UK Labor Party conference to back British Prime

53
00:03:09,960 --> 00:03:13,920
Speaker 1: Minister so Kiir Starmer and denounce the low politics of

54
00:03:14,040 --> 00:03:19,120
Speaker 1: fear and resentment. Starmer hailed Albanesi as quote an inspiration

55
00:03:19,240 --> 00:03:23,120
Speaker 1: to the left and his key partner against right wing populism.

56
00:03:23,360 --> 00:03:27,560
Speaker 1: Albanesi told the audience at Liverpool in the UK that

57
00:03:27,840 --> 00:03:30,720
Speaker 1: unity of labor is the hope of the world now.

58
00:03:30,760 --> 00:03:34,320
Speaker 1: This was the final engagement of the Prime Minister's UK visit,

59
00:03:34,360 --> 00:03:37,160
Speaker 1: which also saw him meet the King, hold talks at

60
00:03:37,200 --> 00:03:39,520
Speaker 1: ten Downing Street and meet a bunch of other leaders,

61
00:03:39,520 --> 00:03:42,960
Speaker 1: including the Canadian and Icelandic Prime ministers. He is not

62
00:03:43,040 --> 00:03:46,080
Speaker 1: coming home just yet though, first a visit to Abu

63
00:03:46,160 --> 00:03:49,640
Speaker 1: Dhabi and finally story number five. At least four people

64
00:03:49,680 --> 00:03:52,920
Speaker 1: have been killed and eight injured after an ex marine

65
00:03:53,040 --> 00:03:56,600
Speaker 1: drove a pickup truck into a Mormon church in Michigan,

66
00:03:57,040 --> 00:04:01,160
Speaker 1: opened fire, and set the building ablaze. Of worshippers were

67
00:04:01,200 --> 00:04:03,800
Speaker 1: inside at the time. The attacker, a forty year old

68
00:04:04,080 --> 00:04:07,760
Speaker 1: identified as Thomas Jacob Sandford, was shot dead by police

69
00:04:07,800 --> 00:04:11,280
Speaker 1: minutes later. The FBI is leading the investigation, calling it

70
00:04:11,360 --> 00:04:15,320
Speaker 1: an act of targeted violence, while President Donald Trump said

71
00:04:15,520 --> 00:04:19,160
Speaker 1: the epidemic of violence in our country must end immediately.

72
00:04:19,960 --> 00:04:22,159
Speaker 1: That's it for the Afternoon Report for Monday, the twenty

73
00:04:22,279 --> 00:04:25,120
Speaker 1: ninth of September twenty twenty five. Make sure you hit

74
00:04:25,160 --> 00:04:27,560
Speaker 1: follow on the podcast and we'll be back tomorrow morning

75
00:04:27,560 --> 00:04:30,559
Speaker 1: with the Tuesday edition of the Fast five Business news

76
00:04:30,560 --> 00:04:33,320
Speaker 1: by fear and Greed. I'm Michael Thompson. Enjoy your EQ