1 00:00:04,160 --> 00:00:06,960 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,960 --> 00:00:09,640 Speaker 1: for Friday, the seventeenth of January twenty twenty five. I'm 3 00:00:09,640 --> 00:00:12,600 Speaker 1: sure Aelma every afternoon we've got the five stories that 4 00:00:12,720 --> 00:00:14,880 Speaker 1: happened today that you need to know about. Story in one. 5 00:00:14,920 --> 00:00:17,759 Speaker 1: The SMPA SX two hundred closed down just to touch 6 00:00:17,800 --> 00:00:20,919 Speaker 1: today to eight thousand, three hundred and ten points. Industrials 7 00:00:20,920 --> 00:00:24,520 Speaker 1: did best, while the financials and telcos were among the worst, 8 00:00:24,560 --> 00:00:26,920 Speaker 1: though it wasn't really a big trading day among the 9 00:00:26,960 --> 00:00:29,040 Speaker 1: large caps. The banks were sold off having had a 10 00:00:29,040 --> 00:00:32,120 Speaker 1: pretty good week. Commonwealth Bank, National, Australian Bank, Westpac in 11 00:00:32,200 --> 00:00:34,320 Speaker 1: ain Z we're all down around one and a half percent. 12 00:00:34,720 --> 00:00:37,519 Speaker 1: BHP and fortes Q Metals Group both ended higher. Some 13 00:00:37,560 --> 00:00:41,640 Speaker 1: of the techtoks WIS, Tech Global, Ario and Promedicus ended lower, 14 00:00:41,760 --> 00:00:44,440 Speaker 1: while the retailers were mixed. In economic news today, the 15 00:00:44,440 --> 00:00:47,960 Speaker 1: official Chinese growth rate for last year was announced five percent, 16 00:00:48,400 --> 00:00:51,760 Speaker 1: right on target following some pretty big stimulus packages at 17 00:00:51,800 --> 00:00:54,240 Speaker 1: the end of last year. Twenty twenty five is looking 18 00:00:54,360 --> 00:00:57,600 Speaker 1: somewhat problematic for China given the ascension of Donald Trump 19 00:00:57,880 --> 00:01:01,600 Speaker 1: and his tariff rhetoric. Story Number two. Prime Minister Anthony 20 00:01:01,640 --> 00:01:06,200 Speaker 1: Albernezi said the anti Semitic attack in Sydney's Eastern Suburbs 21 00:01:06,200 --> 00:01:09,240 Speaker 1: overnight is an outrage that must be met with the 22 00:01:09,360 --> 00:01:13,440 Speaker 1: strongest possible action. Residents of Davi Heights in Sydney's Eastern 23 00:01:13,520 --> 00:01:17,319 Speaker 1: Suburbs awake to find cars graffitied, set on fire and 24 00:01:17,400 --> 00:01:20,800 Speaker 1: a home splashed with red paint. The home used to 25 00:01:20,800 --> 00:01:23,800 Speaker 1: be owned with the high profile Executive Council of Australia 26 00:01:23,880 --> 00:01:28,479 Speaker 1: Jury co CEO Alex Ritchan. Mistra Alberanesi said the anti 27 00:01:28,480 --> 00:01:32,480 Speaker 1: Semitic attack went against everything that Australia stands for. Home 28 00:01:32,600 --> 00:01:36,000 Speaker 1: Fairs Minister Tony Burke says the anti Semitic attack in 29 00:01:36,040 --> 00:01:39,319 Speaker 1: Sydney is a serious crime with matching penalties in the 30 00:01:39,360 --> 00:01:43,039 Speaker 1: Government has its best agencies working to hunt down the perpetrators. 31 00:01:43,520 --> 00:01:45,880 Speaker 1: Story number three. Two of the biggest mining companies in 32 00:01:45,880 --> 00:01:50,000 Speaker 1: the world, Australia's Rio Tinto and Swiss headquartered Glencore, have 33 00:01:50,120 --> 00:01:53,160 Speaker 1: been discussing a potential merger and what would be the 34 00:01:53,160 --> 00:01:56,840 Speaker 1: industry's biggest ever deal. It's a long way from being 35 00:01:56,960 --> 00:01:59,960 Speaker 1: a done deal, with Bloomberg reporting that there were turk 36 00:02:00,280 --> 00:02:03,000 Speaker 1: so it's now unclear if they're live. Rio is the 37 00:02:03,040 --> 00:02:05,920 Speaker 1: world's second biggest minor, valued at one hundred and five 38 00:02:05,920 --> 00:02:08,720 Speaker 1: billion US dollars. That's behind BHP that's at one hundred 39 00:02:08,720 --> 00:02:11,720 Speaker 1: and twenty six billion US. Glen Core is valued at 40 00:02:11,720 --> 00:02:15,160 Speaker 1: fifty five billion US. Both Glencre and Rio own some 41 00:02:15,200 --> 00:02:17,600 Speaker 1: of the best copper mines in the world. However, Rio, 42 00:02:18,000 --> 00:02:21,000 Speaker 1: like BHP, still depends heavily on iron or to drive 43 00:02:21,040 --> 00:02:24,640 Speaker 1: its profit at a time when China's decade long construction 44 00:02:24,760 --> 00:02:28,640 Speaker 1: boom is drawing to an end. Glencore, which previously proposed 45 00:02:28,639 --> 00:02:31,560 Speaker 1: a merger with Rio and twenty fourteen, has been among 46 00:02:31,600 --> 00:02:34,560 Speaker 1: the most aggressive deal makers in the sector. Rio's share 47 00:02:34,560 --> 00:02:39,440 Speaker 1: price closed lower today. Story number four. A SpaceX Starship 48 00:02:39,600 --> 00:02:43,600 Speaker 1: rocket broke up in space minutes after launching from Texas 49 00:02:43,639 --> 00:02:47,120 Speaker 1: this morning, forcing airline flights over the Gulf of Mexico 50 00:02:47,200 --> 00:02:50,920 Speaker 1: to all to course to avoid falling debris. Will also 51 00:02:50,960 --> 00:02:54,480 Speaker 1: set back Elon Musk's flagship rocket program. According to a 52 00:02:54,520 --> 00:02:58,560 Speaker 1: report on Reuter's SpaceX, mission control lost contact with a 53 00:02:58,600 --> 00:03:02,640 Speaker 1: newly upgraded Starship eight minutes after liftoff from South Texas. 54 00:03:02,840 --> 00:03:05,600 Speaker 1: It was carrying its first test payload of mocks satellites 55 00:03:05,880 --> 00:03:09,040 Speaker 1: but no Krube. Video shows orange balls of lights streaking 56 00:03:09,080 --> 00:03:12,400 Speaker 1: across the sky over the Haaitian capital of Port Prince, 57 00:03:12,880 --> 00:03:16,640 Speaker 1: leaving trails of smoke behind. At Miami International Airport, some 58 00:03:16,680 --> 00:03:19,560 Speaker 1: flights were grounded. Dozens of commercial flights diverted to other 59 00:03:19,639 --> 00:03:23,800 Speaker 1: airports or altered course to avoid potential debris. The Federal 60 00:03:23,840 --> 00:03:27,440 Speaker 1: Aviation Administration said it had briefly slowed and diverted planes 61 00:03:27,480 --> 00:03:30,480 Speaker 1: around the area where space debris was falling, but normal 62 00:03:30,560 --> 00:03:34,920 Speaker 1: operations had since resumed and story number five. Israeli Prime 63 00:03:34,920 --> 00:03:38,680 Speaker 1: Minister Benjamin Netanyahu said a deal to return hostages held 64 00:03:38,680 --> 00:03:41,440 Speaker 1: in the Gaza Strip has been reached, after his office 65 00:03:41,480 --> 00:03:45,120 Speaker 1: had said earlier there were last minutes snagged and finalizing 66 00:03:45,160 --> 00:03:48,760 Speaker 1: a ceasefire that would pause fifteen months of war. Mister Netanya, 67 00:03:48,880 --> 00:03:52,000 Speaker 1: who said he would convene his security cabinet later today 68 00:03:52,480 --> 00:03:55,120 Speaker 1: and the government would then approve the long awaited agreement. 69 00:03:55,520 --> 00:03:58,480 Speaker 1: The paws in fighting in the Gaza Strip will result 70 00:03:58,520 --> 00:04:01,440 Speaker 1: in dozens of hostages held by militants in Gaza being 71 00:04:01,480 --> 00:04:05,400 Speaker 1: released in exchange for Palestinian prisoners held by Israel. It 72 00:04:05,440 --> 00:04:08,640 Speaker 1: would also allow hundreds of thousands of displaced Palestinians to 73 00:04:08,720 --> 00:04:12,000 Speaker 1: return to the remains of their homes in Gaza. Meanwhile, 74 00:04:12,120 --> 00:04:15,320 Speaker 1: Israeli airstrukes killed at least seventy two people in the 75 00:04:15,320 --> 00:04:18,880 Speaker 1: war ravaged territory in the last thirty six hours. That's 76 00:04:18,920 --> 00:04:21,480 Speaker 1: it for the afternoon report for Friday, the seventeenth of 77 00:04:21,520 --> 00:04:24,000 Speaker 1: January twenty twenty five. Make sure you hit follow on 78 00:04:24,120 --> 00:04:26,960 Speaker 1: the podcast. I'm Sean Alma Enjoy your evening.