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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Friday, the thirtieth of January twenty twenty six. I'm

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Speaker 1: Michael Thompson, and every afternoon we've got the five stories

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Speaker 1: that happen today that you need to know about. Let's

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Speaker 1: jump straight into story number one. The S and PA

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Speaker 1: SX two hundred closed zero point seven percent lower today

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Speaker 1: to eight hundred and sixty nine points. There is a

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Speaker 1: lot happening here. There are reports that US President Donald

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Speaker 1: Trump is preparing to announce former FED Governor Kevin Walsh

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Speaker 1: as the next FED chair tomorrow. The President has said

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Speaker 1: he is going to make an announcement tomorrow and it

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Speaker 1: is suspected that it will be wash and according to

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Speaker 1: the fin Review, he is seen by markets as less

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Speaker 1: likely to deliver aggressive rate cuts than perhaps some of

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Speaker 1: the other candidates to replace Jerome Powell. That news today

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Speaker 1: triggered an almost five percent slump in the price of

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Speaker 1: gold that took gold back down to about five two

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Speaker 1: hundred US dollars announce silver dropped as well. The Aussie

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Speaker 1: dollars lips now it's just a touch above seventy US

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Speaker 1: sins on the local market. That played out in a

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Speaker 1: couple of different ways. We have the gold miners in

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Speaker 1: particular where hit hard Newmont, for instance, was off at

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Speaker 1: Genesis Minerals nearly ten percent. The iron ore miners fell

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Speaker 1: today as well, BHP nearly two percent, Rio tinto three

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Speaker 1: and a half percent. Other things going on in the

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Speaker 1: local markets as well, because we had healthcare stocks rising

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Speaker 1: today ahead of a potential local interest rate rise when

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Speaker 1: the Reserve Bank Board meets next week. And the very

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Speaker 1: troubled Star Entertainment, which I haven't mentioned for a long time,

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Speaker 1: honestly tumbled more than fifteen percent today after it warned

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Speaker 1: of ongoing uncertainties. Ahead told you it was a busy day.

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Speaker 1: Story number two a big day as well. In federal politics,

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Speaker 1: Prime Minister Anthony Albanezi has announced a twenty five billion

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Speaker 1: dollar deal with the States over funding for public hospitals.

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Speaker 1: And on the other side, we've got Andrew Hasty and

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Speaker 1: the Liberals reportedly pulling out of the battle to replace

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Speaker 1: opposition leader Susan Lee. Nine newspapers are reporting this afternoon

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Speaker 1: that Hasty has told two colleagues that he is withdrawing

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Speaker 1: from the race, with his colleague Angus Taylor neither of

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Speaker 1: them have been able to rally the support needed for

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Speaker 1: a leadership spill. Neither wants to be the deputy to

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Speaker 1: the other's leader, so it just puts the whole thing

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Speaker 1: on ice for a while, give Susan Lee a bit

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Speaker 1: of breathing space. Meanwhile, Susan Lee herself has officially put

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Speaker 1: the Nationals on notice, giving them just over a week

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Speaker 1: to rejoin the coalition before she makes the whole thing

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Speaker 1: permanent and locks in a Liberal only shadow cabinet. Lee

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Speaker 1: has announced only temporary acting replacements for the eight shadow

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Speaker 1: ministerial roles that were vacated when the Nationals walked out

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Speaker 1: last week over the hate speech laws, and after that,

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Speaker 1: she says she's going to appoint permanent Liberal replacements that

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Speaker 1: would effectively entrench the coalition split until at least the

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Speaker 1: next election due by May twenty twenty eight, just largely

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Speaker 1: because it is too difficult to then unwind the higher

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Speaker 1: sealer extra staff that would be triggered by these permanent

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Speaker 1: shadow minister appointments. Story number three nine Entertainment is Getting

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Speaker 1: out of Radio, announcing a deal to sell its network

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Speaker 1: of talkback stations to pub Baron Arthur Laundy and his

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Speaker 1: family for fifty six million dollars. It is a major

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Speaker 1: shift in the local media landscape and includes two GB

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Speaker 1: and three AW, the number one stations in Sydney and

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Speaker 1: Melbourne respectively. At the same time as they are selling

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Speaker 1: the radio stations, Nine is buying outdoor advertising group QMS

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Speaker 1: for eight hundred and fifty million dollars, using proceeds from

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Speaker 1: its sale of domain last year. Chief executive Matt Stanton

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Speaker 1: today said that the deals would create a more efficient,

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Speaker 1: higher growth company, with QMS allowing advertisers and nine itself

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Speaker 1: to reach audiences from sofa to street. So good Line

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Speaker 1: nine Entertainment shares closed five percent higher today story number four.

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Speaker 1: Australia is closely monitoring an outbreak of the NIPA virus

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Speaker 1: in India, with Health Minister Mark Butler describing it as

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Speaker 1: very rare but very deadly. Nipa has no vaccine and

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Speaker 1: can kill between forty and seventy five percent of those infected.

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Speaker 1: Two cases have been confirmed in India, and while neighboring

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Speaker 1: countries are increasing security measures, Butler says Australia has no

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Speaker 1: plans to change border protocols yet, stressing that the virus

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Speaker 1: doesn't spread easily and requires close personal contact. It's usually

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Speaker 1: transmitted from animals, particularly fruit, bats and pigs, or contaminated food.

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Speaker 1: The Australian Center for Disease Control says that the existing

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Speaker 1: screening and diagnostic systems are sufficient, but authorities are assessing

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Speaker 1: the situation daily. And finally, story number five, Apple has

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Speaker 1: beaten Wall Street expectations, posting record iPhone sales of eighty

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Speaker 1: five point three billion US dollars in the December quarter

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Speaker 1: and total revenue of one hundred and forty three point

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Speaker 1: eight billion US dollars. China was a standout for the company,

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Speaker 1: with sales jumping nearly thirty eight percent year on year,

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Speaker 1: which is a pretty sharp turnaround after some recent weakness,

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Speaker 1: but Chief executive Tim Cook has warned that a global

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Speaker 1: memory chip shortage driven by the AI data center Boom,

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Speaker 1: will squeeze margins in coming quarters. Apple is also racing

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Speaker 1: to catch up in the AI space, confirming a two

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Speaker 1: billion dollar acquisition of startup q dot Ai and really

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Speaker 1: leaning on Google's Gemini models to power a revamped series

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Speaker 1: later this year. Apple share price closed about zero point

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Speaker 1: seven percent higher this morning, and that is it for

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Speaker 1: the afternoon report for Friday, the thirtieth of January twenty

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Speaker 1: twenty six. Make sure you're following the podcast and head

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Speaker 1: along to Fear and Breed dot com dot A you

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Speaker 1: to sign up for our free daily newsletter. I'm Mark Thompson.

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Speaker 1: Enjoy your evening,