1 00:00:04,110 --> 00:00:07,860 Sean Aylmer: Welcome to the Fear and Greed afternoon report for Wednesday, the 21st 2 00:00:07,860 --> 00:00:11,400 Sean Aylmer: of September 2022. I'm Sean Aylmer. Every afternoon we've got 3 00:00:11,400 --> 00:00:13,199 Sean Aylmer: the five stories that have happened today that you need 4 00:00:13,200 --> 00:00:14,520 Sean Aylmer: to know about. Let's jump into it. 5 00:00:14,849 --> 00:00:19,139 Sean Aylmer: Story number one. The S& P/ASX 200 dropped 1. 6% 6 00:00:19,530 --> 00:00:24,120 Sean Aylmer: today. That's 106 points to finish at 6, 700 points. 7 00:00:24,329 --> 00:00:27,630 Sean Aylmer: That's ahead of the Federal Reserve's meeting tomorrow morning, Australian 8 00:00:27,630 --> 00:00:30,870 Sean Aylmer: Eastern Standard Time. Fair bit of movement going on. Link 9 00:00:30,870 --> 00:00:34,469 Sean Aylmer: Group tumbled nearly 4% after its British subsidiary was hit 10 00:00:34,469 --> 00:00:37,470 Sean Aylmer: with an extra 50 million pound fine by a British 11 00:00:37,470 --> 00:00:41,159 Sean Aylmer: financial regulator. Companies trading ex- dividend weighed on the broader 12 00:00:41,159 --> 00:00:45,389 Sean Aylmer: market. Adri declined almost 5%. Atlas Arteria docked more than 13 00:00:45,389 --> 00:00:49,320 Sean Aylmer: 5% clean away for 1. 4% and Cochlear tumbled 2%. 14 00:00:50,098 --> 00:00:52,589 Sean Aylmer: Brickworks was one of the better performers adding 0. 4% 15 00:00:52,949 --> 00:00:56,850 Sean Aylmer: after posting record earnings and lifting its dividend. Washington H. 16 00:00:56,940 --> 00:01:00,450 Sean Aylmer: Soul Pattinson, which is very related to Brickworks, raised 5%. 17 00:01:01,200 --> 00:01:04,980 Sean Aylmer: Fever Energy added 4.6% after buying Kohl's Express in a 18 00:01:04,980 --> 00:01:06,660 Sean Aylmer: deal worth $ 300 million. 19 00:01:07,860 --> 00:01:11,369 Sean Aylmer: Story number two. Whitehaven Coal could spend more than $ 2 20 00:01:11,670 --> 00:01:14,670 Sean Aylmer: billion buying back its own shares in the year on 21 00:01:14,670 --> 00:01:17,729 Sean Aylmer: the back of extraordinary coal prices. The day after New 22 00:01:17,730 --> 00:01:20,490 Sean Aylmer: Hope Coal said phenomenal coal prices had driven at 12 23 00:01:20,490 --> 00:01:24,479 Sean Aylmer: fold increase in full year profits, White Haven asked investors 24 00:01:24,480 --> 00:01:28,378 Sean Aylmer: for permission to purchase up to 25% of White Haven 25 00:01:28,379 --> 00:01:30,959 Sean Aylmer: shares on issue in the year ahead. It suggests the 26 00:01:30,959 --> 00:01:33,840 Sean Aylmer: record $ 1. 95 billion profit achieved in the year to 27 00:01:33,840 --> 00:01:37,410 Sean Aylmer: June could be exceeded in the current year. Prices for 28 00:01:37,410 --> 00:01:39,840 Sean Aylmer: top quality New South Wales thermal coal have been above 29 00:01:40,139 --> 00:01:43,559 Sean Aylmer: 420 us dollars per ton over the past month. That's 30 00:01:43,559 --> 00:01:46,590 Sean Aylmer: more than double the market price of September last year. 31 00:01:47,369 --> 00:01:50,910 Sean Aylmer: Story number three. Santos will not be allowed to drill 32 00:01:50,910 --> 00:01:55,950 Sean Aylmer: eight wells in the Barossa gas field, 265 kilometers northwest of Darwin after 33 00:01:55,950 --> 00:01:58,590 Sean Aylmer: the federal court found the oil giant failed to consult 34 00:01:58,650 --> 00:02:03,000 Sean Aylmer: local indigenous people adequately on the development. The landmark case 35 00:02:03,000 --> 00:02:06,029 Sean Aylmer: was the first significant judgment in a challenge for mining 36 00:02:06,029 --> 00:02:10,950 Sean Aylmer: approvals based on whether applicants had adequately consulted indigenous people from the 37 00:02:10,950 --> 00:02:14,669 Sean Aylmer: proposed development sites. A Manupi elder filed the case to 38 00:02:14,669 --> 00:02:18,059 Sean Aylmer: challenge the offshore drilling regulator's decision to allow Santos to 39 00:02:18,059 --> 00:02:22,138 Sean Aylmer: drill the wells, arguing the gas giant hadn't done its homework. 40 00:02:22,829 --> 00:02:25,950 Sean Aylmer: Story number four. The federal government has announced it's seeking 41 00:02:25,950 --> 00:02:29,250 Sean Aylmer: public expressions of interest from individuals to be considered for 42 00:02:29,250 --> 00:02:33,179 Sean Aylmer: the ambassador for first nation's people. The ambassador will head 43 00:02:33,179 --> 00:02:35,969 Sean Aylmer: an office of First Nation's Engagement within the Department of 44 00:02:35,969 --> 00:02:38,700 Sean Aylmer: Foreign Affairs and Trade to listen to and work in 45 00:02:38,700 --> 00:02:42,719 Sean Aylmer: genuine partnership with aboriginal and Torres Strait Islander peoples. This 46 00:02:42,719 --> 00:02:44,880 Sean Aylmer: is the first time an ambassador position has been open 47 00:02:44,880 --> 00:02:48,389 Sean Aylmer: to a public expression of interest, enabling qualified and interested 48 00:02:48,389 --> 00:02:49,530 Sean Aylmer: individuals to apply. 49 00:02:50,070 --> 00:02:54,269 Sean Aylmer: And finally, story number five. Russian president Vladimir Putin has 50 00:02:54,270 --> 00:02:57,870 Sean Aylmer: announced a partial mobilization in Russia as the war in 51 00:02:57,870 --> 00:03:01,320 Sean Aylmer: Ukraine reaches nearly seven months and Moscow loses ground on 52 00:03:01,320 --> 00:03:04,530 Sean Aylmer: the battlefield. Mr. Putin's address to the nation came a 53 00:03:04,530 --> 00:03:08,070 Sean Aylmer: day after Russian- controlled regions in eastern and southern Ukraine 54 00:03:08,280 --> 00:03:12,030 Sean Aylmer: announced plans to hold votes on becoming integral parts of Russia. 55 00:03:12,450 --> 00:03:14,849 Sean Aylmer: The Kremlin- backed efforts to swallow up four regions could 56 00:03:14,849 --> 00:03:17,639 Sean Aylmer: set the stage for Moscow to escalate the war following 57 00:03:17,699 --> 00:03:21,300 Sean Aylmer: Ukrainian success in the past few weeks. That's it for 58 00:03:21,300 --> 00:03:24,960 Sean Aylmer: the afternoon report for Wednesday the 21st of September, 2022. 59 00:03:25,290 --> 00:03:27,030 Sean Aylmer: I'm Sean Aylmer. Enjoy your evening.