1 00:00:03,600 --> 00:00:06,480 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,519 --> 00:00:09,320 Speaker 1: for Monday, the nineteenth of January twenty twenty six. I'm 3 00:00:09,320 --> 00:00:12,080 Speaker 1: Michael Thompson, and every afternoon we've got the five stories 4 00:00:12,080 --> 00:00:14,319 Speaker 1: that happened today that you need to know about. Let's 5 00:00:14,320 --> 00:00:16,919 Speaker 1: go with story number one. The local market, the S 6 00:00:16,920 --> 00:00:19,840 Speaker 1: and PA SEX two hundred closed zero point three percent 7 00:00:20,120 --> 00:00:23,720 Speaker 1: lower today to eight hundred and seventy five points. Eight 8 00:00:23,760 --> 00:00:27,240 Speaker 1: of the eleven sectors lost ground. Investors, it seems, are 9 00:00:27,240 --> 00:00:30,880 Speaker 1: worried about fears of a trade war between the US 10 00:00:30,920 --> 00:00:35,479 Speaker 1: and Europe after the Donald Trump administration announced tariffs on 11 00:00:35,520 --> 00:00:39,199 Speaker 1: European countries basically unless the US is able to purchase 12 00:00:39,200 --> 00:00:42,760 Speaker 1: greenland now. Safe haven assets responded accordingly. Gold hit a 13 00:00:42,800 --> 00:00:46,360 Speaker 1: fresh high of four thousand, six hundred and ninety US 14 00:00:46,400 --> 00:00:50,159 Speaker 1: dollars an ounce. Silver also reached a new record. The 15 00:00:50,159 --> 00:00:54,920 Speaker 1: gold miners locally benefited Northern Star, Perseus Mining Bellevue Gold 16 00:00:55,080 --> 00:00:58,120 Speaker 1: all up today. The tech sector, or the brunt of 17 00:00:58,160 --> 00:01:01,200 Speaker 1: investor nerves, though wise. Tech Globe was down four point 18 00:01:01,240 --> 00:01:04,920 Speaker 1: four percent, Life three sixty the monitoring app was off 19 00:01:04,959 --> 00:01:07,160 Speaker 1: seven and a half percent. All of the big four 20 00:01:07,280 --> 00:01:10,160 Speaker 1: banks also closed a bit lower today nab The worst 21 00:01:10,200 --> 00:01:13,560 Speaker 1: of the four one stock, though worth a mention, was 22 00:01:13,600 --> 00:01:16,440 Speaker 1: A two milk. Today it dropped more than ten percent 23 00:01:16,640 --> 00:01:20,000 Speaker 1: before being placed in a trading halt. Why because of 24 00:01:20,040 --> 00:01:23,080 Speaker 1: news that China's birth rate has hit a record low, 25 00:01:23,160 --> 00:01:25,479 Speaker 1: and of course a two milk sells a whole lot 26 00:01:25,480 --> 00:01:29,160 Speaker 1: of infant formula to China. There you go onto story 27 00:01:29,240 --> 00:01:32,200 Speaker 1: number two. Now and One Nation leader Pauline Hanson says 28 00:01:32,240 --> 00:01:35,080 Speaker 1: she is aiming to build her party into an alternative 29 00:01:35,120 --> 00:01:39,360 Speaker 1: party of government after support for One Nation surged, overtaking 30 00:01:39,400 --> 00:01:42,520 Speaker 1: the Coalition on primary votes for the first time ever. 31 00:01:42,880 --> 00:01:46,640 Speaker 1: The latest Newspole figures have One Nation at twenty two percent, 32 00:01:46,840 --> 00:01:50,080 Speaker 1: up seven points in just two months. The Coalition has 33 00:01:50,120 --> 00:01:52,760 Speaker 1: fallen to a record low of twenty one percent, while 34 00:01:52,840 --> 00:01:55,920 Speaker 1: Labour's primary vote has slipped four points to thirty two percent. 35 00:01:56,280 --> 00:01:59,080 Speaker 1: In Canberra today, Pauline Hanson was asked if she plans 36 00:01:59,080 --> 00:02:01,600 Speaker 1: for One Nation to one day form government, to which 37 00:02:01,600 --> 00:02:04,200 Speaker 1: she replied, you bet it is. I'm not just here 38 00:02:04,240 --> 00:02:06,520 Speaker 1: to prop up the Coalition or the Labor Party or 39 00:02:06,520 --> 00:02:09,440 Speaker 1: anyone else. Labour still does lead on a two party 40 00:02:09,440 --> 00:02:12,400 Speaker 1: preferred basis, ahead fifty five to forty five percent in 41 00:02:12,440 --> 00:02:15,840 Speaker 1: News poll and fifty two to forty eight percent in 42 00:02:16,040 --> 00:02:19,239 Speaker 1: Resolve polling. Both of those are out today, but Prime 43 00:02:19,280 --> 00:02:22,160 Speaker 1: Minister Anthony Alberesi's personal standing has taken a bit of 44 00:02:22,160 --> 00:02:25,080 Speaker 1: a hit. His net approval has slumped to minus eleven. 45 00:02:25,240 --> 00:02:28,919 Speaker 1: That's the worst result since early last year. Polling suggests 46 00:02:28,960 --> 00:02:32,960 Speaker 1: the fallout from the Bondai terror attack, anti Semitism concerns 47 00:02:33,000 --> 00:02:36,880 Speaker 1: and lingering scandals over travel expenses have really put a 48 00:02:36,880 --> 00:02:40,480 Speaker 1: bit of a stop to Labour's post election momentum. Story 49 00:02:40,560 --> 00:02:43,079 Speaker 1: number three staying in politics with this one. The Albanese 50 00:02:43,080 --> 00:02:45,920 Speaker 1: government's plan to build one point two million new homes 51 00:02:45,960 --> 00:02:49,000 Speaker 1: by mid twenty twenty nine is becoming more expensive and 52 00:02:49,400 --> 00:02:53,520 Speaker 1: increasingly unlikely to be met. The Australian reports that Treasury 53 00:02:53,560 --> 00:02:56,560 Speaker 1: now estimates the cost of housing Australia, which is the 54 00:02:56,560 --> 00:03:01,000 Speaker 1: government's main housing delivery vehicle, that's going to fifteen point 55 00:03:01,080 --> 00:03:03,480 Speaker 1: two billion dollars over the next four years. That's nearly 56 00:03:03,560 --> 00:03:07,040 Speaker 1: four billion dollars more than forecast less than a year ago. 57 00:03:07,360 --> 00:03:11,440 Speaker 1: Treasury has already conceded the housing target will not be achieved. 58 00:03:11,760 --> 00:03:14,880 Speaker 1: Developers and economists are urging the government to perhaps rethink 59 00:03:14,919 --> 00:03:18,600 Speaker 1: the goal, warning that construction costs, labour shortages and low 60 00:03:18,639 --> 00:03:23,640 Speaker 1: productivity do make it unrealistic. Story number four Britain is 61 00:03:23,800 --> 00:03:27,480 Speaker 1: poised to follow Australia's lead and ban children under sixteen 62 00:03:27,520 --> 00:03:31,119 Speaker 1: from social media, with Prime Minister so Keir Starmer signaling 63 00:03:31,240 --> 00:03:34,720 Speaker 1: a major shift in policy. The Telegraph in the UK 64 00:03:34,960 --> 00:03:38,960 Speaker 1: reports Starma is now open to legislation imposing an Australian 65 00:03:39,000 --> 00:03:42,160 Speaker 1: style ban ahead of a parliamentary vote next week where 66 00:03:42,280 --> 00:03:46,280 Speaker 1: other lawmakers are expected to push for tougher restrictions. Until now, 67 00:03:46,320 --> 00:03:49,680 Speaker 1: Britain has focused on limiting access to harmful content such 68 00:03:49,680 --> 00:03:53,840 Speaker 1: as pornography, self harm and eating disorder material, but a 69 00:03:53,960 --> 00:03:56,760 Speaker 1: lot of political pressure and that has been growing has 70 00:03:56,840 --> 00:04:00,480 Speaker 1: forced a rethink, and Keir Starmer has said now that 71 00:04:00,560 --> 00:04:03,920 Speaker 1: all options are on the table, including banning under sixteen 72 00:04:04,000 --> 00:04:07,360 Speaker 1: year olds entirely, with the government closely watching what happens 73 00:04:07,360 --> 00:04:11,400 Speaker 1: here in Australia. And finally, Story number five, chat Gpt 74 00:04:11,600 --> 00:04:14,400 Speaker 1: will start showing ads to users in the United States 75 00:04:14,480 --> 00:04:18,240 Speaker 1: as owner OpenAI looks to increase revenue streams. The company 76 00:04:18,279 --> 00:04:22,279 Speaker 1: says ads will appear above or below responses, not within 77 00:04:22,320 --> 00:04:25,159 Speaker 1: the answers themselves, and will only be shown to adult 78 00:04:25,320 --> 00:04:28,719 Speaker 1: users when a sponsored product or service is considered relevant 79 00:04:28,720 --> 00:04:33,200 Speaker 1: to the conversation. OpenAI says ads will not appear alongside 80 00:04:33,240 --> 00:04:36,960 Speaker 1: sensitive topics like health or politics. It is a significant 81 00:04:37,000 --> 00:04:40,440 Speaker 1: shift for OpenAI boss Sam Altman, who has previously said 82 00:04:40,560 --> 00:04:44,640 Speaker 1: quite clearly that he dislikes advertising. But when your company 83 00:04:44,720 --> 00:04:47,880 Speaker 1: is committed to something like one trillion dollars in AI 84 00:04:48,080 --> 00:04:51,839 Speaker 1: infrastructure spending, sometimes you've just got a compromise. That's it 85 00:04:51,880 --> 00:04:54,640 Speaker 1: for the Afternoon Report for Monday, the nineteenth of January. 86 00:04:54,680 --> 00:04:56,640 Speaker 1: Make sure you're following the podcast and head along to 87 00:04:56,720 --> 00:04:59,360 Speaker 1: Fearandgreed dot com dot au to sign up for our 88 00:04:59,400 --> 00:05:01,880 Speaker 1: free daily newsletter. I've got a link in today's show 89 00:05:01,880 --> 00:05:04,520 Speaker 1: notes as well. I'm Michael Thompson. Enjoy your evening.