1 00:00:03,600 --> 00:00:06,520 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,600 --> 00:00:09,200 Speaker 1: for Tuesday, the twenty first of October twenty twenty five. 3 00:00:09,360 --> 00:00:12,160 Speaker 1: Are Michael Thompson. Every afternoon, we've got the five stories 4 00:00:12,200 --> 00:00:14,560 Speaker 1: that happened today that you need to know about. Let's 5 00:00:14,560 --> 00:00:17,640 Speaker 1: get cracking with story number one, all about markets. The 6 00:00:17,720 --> 00:00:21,360 Speaker 1: SMPASX two hundred hit a new intra day high today, 7 00:00:21,640 --> 00:00:26,160 Speaker 1: hitting one hundred and fifteen points. It closed at nine 8 00:00:26,160 --> 00:00:28,760 Speaker 1: thousand and ninety five points, up about zero point seven 9 00:00:28,760 --> 00:00:31,720 Speaker 1: percent for the day, boyd of course by a critical 10 00:00:31,760 --> 00:00:35,800 Speaker 1: minerals deal signed overnight by US President Donald Trump and 11 00:00:35,840 --> 00:00:40,800 Speaker 1: Prime Minister Anthony Alberanezi. Nine of eleven sectors closed higher today, 12 00:00:40,880 --> 00:00:44,480 Speaker 1: led of course by the miners. Shares in Arrafura Rare 13 00:00:44,520 --> 00:00:48,040 Speaker 1: Earth's gained almost twenty six percent on the news out 14 00:00:48,040 --> 00:00:51,400 Speaker 1: of the US before closing pretty much flat. But elsewhere 15 00:00:51,520 --> 00:00:54,480 Speaker 1: there's plenty of green. Our Cover closed seven and a 16 00:00:54,520 --> 00:00:57,600 Speaker 1: half percent higher, Pilborough minerals up two and a half percent, 17 00:00:57,640 --> 00:01:01,280 Speaker 1: The Big Iron all miners were up two point three 18 00:01:01,320 --> 00:01:06,039 Speaker 1: percent higher, four deeskew Rea Tinto both up. The gold miners, 19 00:01:06,160 --> 00:01:10,280 Speaker 1: of course, had a cracker evolution, up four point four percent. 20 00:01:10,640 --> 00:01:13,560 Speaker 1: Newmont and Northern Star both up more than two and 21 00:01:13,600 --> 00:01:17,240 Speaker 1: a half percent. Others standouts today away from the miners 22 00:01:17,480 --> 00:01:21,160 Speaker 1: Hub twenty four and Investment Platform jumped eleven percent today 23 00:01:21,160 --> 00:01:23,760 Speaker 1: after a good set of results, and Drone Shield, which 24 00:01:23,760 --> 00:01:26,600 Speaker 1: has been really one of the boom stocks of the year. 25 00:01:27,080 --> 00:01:29,720 Speaker 1: It's had a run of down days, not today. It 26 00:01:29,800 --> 00:01:33,880 Speaker 1: climbed almost nine percent today. Finally, one more worth a 27 00:01:33,959 --> 00:01:37,479 Speaker 1: quick mention. Clean Away Waste Management held its AGM today. 28 00:01:38,040 --> 00:01:40,760 Speaker 1: The board copped a first strike after forty percent of 29 00:01:40,840 --> 00:01:45,399 Speaker 1: votes were cast against the company's remuneration report. Shares in 30 00:01:45,480 --> 00:01:48,640 Speaker 1: the company slumped four point three percent today to be 31 00:01:48,720 --> 00:01:52,320 Speaker 1: one of the worst on the MOSS. I'm just storying 32 00:01:52,400 --> 00:01:55,880 Speaker 1: number two now. And while the critical minerals deal was 33 00:01:56,120 --> 00:01:59,360 Speaker 1: indeed very important, many of the headlines from the meeting 34 00:01:59,440 --> 00:02:03,280 Speaker 1: between Anthony Alberanezi and Donald Trump were about former Prime 35 00:02:03,280 --> 00:02:07,640 Speaker 1: Minister Kevin Rudd, Australia's ambassador to Washington. Of course, we 36 00:02:07,720 --> 00:02:10,840 Speaker 1: mentioned this morning in the show that Kevin Rudd was 37 00:02:10,840 --> 00:02:13,400 Speaker 1: confronted during the meeting. He was there at the White 38 00:02:13,440 --> 00:02:16,320 Speaker 1: House and he was confronted over old comments that he'd 39 00:02:16,360 --> 00:02:20,720 Speaker 1: once tweeted labeling Trump the most destructive president in US 40 00:02:20,880 --> 00:02:24,000 Speaker 1: history and a traitor to the West. During the meeting 41 00:02:24,120 --> 00:02:27,400 Speaker 1: in front of the media, Trump asked Rudd directly if 42 00:02:27,400 --> 00:02:30,880 Speaker 1: the remarks were bad, before joking I don't like you either, 43 00:02:31,120 --> 00:02:34,880 Speaker 1: and I probably never will now. Kevin Rudd withdrew the comments, 44 00:02:35,160 --> 00:02:37,920 Speaker 1: and it has now emerged that after the media left 45 00:02:37,919 --> 00:02:42,040 Speaker 1: the room, the ambassador apologized and was apparently told all 46 00:02:42,160 --> 00:02:46,160 Speaker 1: is forgiven. Opposition leader Susan Lee had called on Kevin 47 00:02:46,200 --> 00:02:49,680 Speaker 1: Rudd to step down, saying his position was untenable. But 48 00:02:49,919 --> 00:02:53,160 Speaker 1: it sounds like that's pretty unlikely. On to story number three. 49 00:02:53,200 --> 00:02:55,440 Speaker 1: Now in Super Retail Group, which is the owner of 50 00:02:55,480 --> 00:02:58,960 Speaker 1: Rebel Sport BCF and Super Cheap Auto, has appointed Paul 51 00:02:59,040 --> 00:03:03,560 Speaker 1: Bradshaw as chief executive, replacing Anthony Hereti, who was sacked 52 00:03:03,560 --> 00:03:07,120 Speaker 1: after failing to fully disclose his relationship with the company's 53 00:03:07,320 --> 00:03:11,520 Speaker 1: HR boss. Interestingly, Bradshaw, who was previously head of the 54 00:03:11,639 --> 00:03:15,640 Speaker 1: BCF business within the company, had been named in court 55 00:03:15,680 --> 00:03:20,280 Speaker 1: documents during whistleblower litigation as a witness to alleged inappropriate 56 00:03:20,320 --> 00:03:24,480 Speaker 1: behavior by Hereti. Now, Bradshaw takes the helm of a 57 00:03:24,520 --> 00:03:29,360 Speaker 1: retailer that is heading into a stormy AGM expected to 58 00:03:29,400 --> 00:03:33,399 Speaker 1: feature protests against chair Judith Swales. The company closed one 59 00:03:33,639 --> 00:03:37,400 Speaker 1: point five percent higher today. Story Number four. Defense Minister 60 00:03:37,480 --> 00:03:42,000 Speaker 1: Richard Marles says a Chinese fighter jet endangered an Australian 61 00:03:42,040 --> 00:03:46,360 Speaker 1: surveillance aircraft over the South China Sea, releasing flares and 62 00:03:46,400 --> 00:03:52,360 Speaker 1: are quote very close to an RAAFPA poseidon. Beijing accused 63 00:03:52,440 --> 00:03:57,520 Speaker 1: Canberra of seriously violating China's sovereignty and demanded provocation stop. 64 00:03:57,960 --> 00:04:03,040 Speaker 1: Foreign Minister Penny Wong described the incident as unsafe and unprofessional, 65 00:04:03,360 --> 00:04:08,640 Speaker 1: saying Australia would continue lawful overflights and finally sorry. Number five. 66 00:04:08,680 --> 00:04:12,680 Speaker 1: The fallout continues from the major Amazon Web services outage overnight. 67 00:04:13,000 --> 00:04:16,719 Speaker 1: The two hour outage, which originated in the US, actually 68 00:04:16,839 --> 00:04:20,440 Speaker 1: knocked out websites and apps from WhatsApp to Tinder, and 69 00:04:20,560 --> 00:04:24,120 Speaker 1: banks and retailers and media outlets all affected. Millions of 70 00:04:24,240 --> 00:04:28,200 Speaker 1: users around the world reported problems, mostly in the US 71 00:04:28,240 --> 00:04:30,400 Speaker 1: and the UK. The of course, sites in Australia were 72 00:04:30,400 --> 00:04:33,280 Speaker 1: affected too, with many sites and apps still warning of 73 00:04:33,320 --> 00:04:38,600 Speaker 1: disruptions to services today. Amazon blamed an internal traffic balancing 74 00:04:38,720 --> 00:04:43,040 Speaker 1: fault at its Northern Virginia data center. Experts say though 75 00:04:43,080 --> 00:04:47,000 Speaker 1: that the incident highlights the fragility of the Internet's reliance 76 00:04:47,040 --> 00:04:50,240 Speaker 1: on just a handful of big cloud providers. That's it 77 00:04:50,320 --> 00:04:53,599 Speaker 1: for the afternoon Report for Tuesday, the twenty first of October. 78 00:04:53,600 --> 00:04:56,120 Speaker 1: Make sure you hit follow on the podcast and head 79 00:04:56,120 --> 00:04:58,880 Speaker 1: along to Fearandgreed dot com dot au and sign up 80 00:04:58,920 --> 00:05:01,400 Speaker 1: for our free daily newsletter. I'll put the link in 81 00:05:01,440 --> 00:05:04,559 Speaker 1: today's show notes as well. I'm Michael Thompson. Enjoy your evening.