1
00:00:03,600 --> 00:00:06,560
Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

2
00:00:06,600 --> 00:00:09,160
Speaker 1: for Monday, the twenty ninth of September twenty twenty five.

3
00:00:09,280 --> 00:00:11,879
Speaker 1: I'm Michael Thompson, and every afternoon we've got the five

4
00:00:11,920 --> 00:00:14,520
Speaker 1: stories that happened today that you need to know about.

5
00:00:14,760 --> 00:00:17,840
Speaker 1: So let's go story number one. The S and p

6
00:00:18,040 --> 00:00:21,799
Speaker 1: ASX two hundred surged almost one percent today, is closing

7
00:00:21,960 --> 00:00:26,040
Speaker 1: at eight hundred and sixty three points. Nine of the

8
00:00:26,040 --> 00:00:29,280
Speaker 1: eleven sectors recorded gains today leading the way, with the

9
00:00:29,320 --> 00:00:32,320
Speaker 1: banks Comwealth Bank was up two point two percent, Westpac

10
00:00:32,360 --> 00:00:35,320
Speaker 1: two percent, and A and Z one point seven percent.

11
00:00:35,680 --> 00:00:38,519
Speaker 1: That is all ahead of the RBA's interest rate decision

12
00:00:38,640 --> 00:00:42,760
Speaker 1: tomorrow afternoon. The Central Bank, of course widely tipped to

13
00:00:42,880 --> 00:00:46,680
Speaker 1: leave the official cash rate on hold. But healthcare also

14
00:00:46,760 --> 00:00:50,440
Speaker 1: rebounded after a shocker on Friday when the US slapped

15
00:00:50,440 --> 00:00:53,519
Speaker 1: to one hundred percent tariff on pharmaceutical exports to the country.

16
00:00:54,480 --> 00:00:58,000
Speaker 1: CSL climbed two and a half percent higher, Tilix Pharmaceuticals

17
00:00:58,080 --> 00:01:00,279
Speaker 1: up one point four percent. A good day is well

18
00:01:00,360 --> 00:01:03,720
Speaker 1: today for the gold miners. Evolution Mining was up four

19
00:01:03,760 --> 00:01:07,960
Speaker 1: point four percent, Neumont up four percent. Why the price

20
00:01:08,000 --> 00:01:10,440
Speaker 1: of gold just seems to keep on going. It hit

21
00:01:10,520 --> 00:01:14,919
Speaker 1: yet another high, passing three thousand, eight hundred US dollars

22
00:01:15,000 --> 00:01:18,160
Speaker 1: for the first time. The best performer, though on the

23
00:01:18,160 --> 00:01:22,920
Speaker 1: balls today was Drone Shield, which is the drone technology company.

24
00:01:23,240 --> 00:01:26,080
Speaker 1: It is a relative newcomer to the top two hundred

25
00:01:26,160 --> 00:01:29,679
Speaker 1: stocks on the ASX, but it searched almost eighteen percent today.

26
00:01:29,760 --> 00:01:33,120
Speaker 1: It is tied to ongoing geopolitical trouble and more need

27
00:01:33,200 --> 00:01:35,959
Speaker 1: for drone defenses in Europe. At the other end of

28
00:01:35,959 --> 00:01:38,880
Speaker 1: the market, the big miners slumped somewhat on the back

29
00:01:38,920 --> 00:01:41,760
Speaker 1: of weaker iron ore prices due to sluggish demand for

30
00:01:41,840 --> 00:01:44,720
Speaker 1: steel in China under story number two. Now and the

31
00:01:44,760 --> 00:01:48,800
Speaker 1: Albanese government has delivered its first budget deficit despite a

32
00:01:48,960 --> 00:01:53,800
Speaker 1: surge in personal income tax collections and records superannuation Returns

33
00:01:54,160 --> 00:01:58,760
Speaker 1: Treasurer Jim Chalmers says stronger employment and wages growth lifted

34
00:01:58,800 --> 00:02:01,600
Speaker 1: income tax to three hundred and thirty eight billion dollars,

35
00:02:01,840 --> 00:02:04,720
Speaker 1: but government spending climbed to a record seven hundred and

36
00:02:04,720 --> 00:02:07,560
Speaker 1: twenty seven billion dollars, pushing the deficit to just under

37
00:02:07,600 --> 00:02:11,880
Speaker 1: ten billion. That was significantly smaller, though than previously expected,

38
00:02:11,880 --> 00:02:14,440
Speaker 1: but of course it's still given the opposition something to target,

39
00:02:14,760 --> 00:02:19,120
Speaker 1: Shadow Treasurer Ted O'Brien saying charmers won the lotto and

40
00:02:19,200 --> 00:02:21,400
Speaker 1: went on a spending spree. We'll have more on this

41
00:02:21,440 --> 00:02:25,120
Speaker 1: one tomorrow. Story number three. Optus has been unable to

42
00:02:25,160 --> 00:02:28,920
Speaker 1: explain why emergency calls failed for the second time in

43
00:02:29,040 --> 00:02:32,400
Speaker 1: less than two weeks, with some not diverted to rival

44
00:02:32,480 --> 00:02:37,120
Speaker 1: carriers as required the outage. This new one centered on

45
00:02:37,200 --> 00:02:41,880
Speaker 1: Woollongong south of Sydney, prevented twelve Triple O calls getting

46
00:02:41,919 --> 00:02:47,080
Speaker 1: through yesterday, while NBNCo also suffered a separate failure in Wa.

47
00:02:47,200 --> 00:02:51,120
Speaker 1: The Australian Communications and Media Authority has launched an investigation,

48
00:02:51,360 --> 00:02:55,040
Speaker 1: with Treasurer Jim Chalmers calling it a shocking failure. Pressure

49
00:02:55,120 --> 00:02:57,920
Speaker 1: is growing on opt to CEO Stephen Rue, though the

50
00:02:57,960 --> 00:03:02,079
Speaker 1: owner of Optus, Singhtel, is still backing him. To continue.

51
00:03:02,240 --> 00:03:05,880
Speaker 1: Story number four, Anthony Aberzi has used a keynote speech

52
00:03:05,919 --> 00:03:09,360
Speaker 1: at the UK Labor Party conference to back British Prime

53
00:03:09,360 --> 00:03:13,320
Speaker 1: Minister so Kiir Starmer and denounce the low politics of

54
00:03:13,440 --> 00:03:18,519
Speaker 1: fear and resentment. Starmer hailed Albanesi as quote an inspiration

55
00:03:18,680 --> 00:03:22,560
Speaker 1: to the left and his key partner against right wing populism.

56
00:03:22,760 --> 00:03:27,000
Speaker 1: Albanesi told the audience at Liverpool in the UK that

57
00:03:27,240 --> 00:03:30,160
Speaker 1: unity of labor is the hope of the world now.

58
00:03:30,160 --> 00:03:33,760
Speaker 1: This was the final engagement of the Prime Minister's UK visit,

59
00:03:33,760 --> 00:03:36,600
Speaker 1: which also saw him meet the King, hold talks at

60
00:03:36,600 --> 00:03:38,920
Speaker 1: ten Downing Street and meet a bunch of other leaders,

61
00:03:38,960 --> 00:03:42,360
Speaker 1: including the Canadian and Icelandic Prime ministers. He is not

62
00:03:42,480 --> 00:03:45,520
Speaker 1: coming home just yet, though, first a visit to Abu

63
00:03:45,560 --> 00:03:49,080
Speaker 1: Dhabi and finally story number five. At least four people

64
00:03:49,120 --> 00:03:52,360
Speaker 1: have been killed and eight injured after an ex marine

65
00:03:52,480 --> 00:03:56,000
Speaker 1: drove a pickup truck into a Mormon church in Michigan,

66
00:03:56,440 --> 00:04:00,160
Speaker 1: opened fire, and set the building ablaze. Hundreds of worship

67
00:04:00,400 --> 00:04:02,960
Speaker 1: were inside at the time. The attacker, a forty year

68
00:04:03,000 --> 00:04:06,840
Speaker 1: old identified as Thomas Jacob Sandford, was shot dead by

69
00:04:06,840 --> 00:04:10,560
Speaker 1: police minutes later. The FBI is leading the investigation, calling

70
00:04:10,600 --> 00:04:14,440
Speaker 1: it an act of targeted violence, while President Donald Trump

71
00:04:14,480 --> 00:04:18,599
Speaker 1: said the epidemic of violence in our country must end immediately.

72
00:04:19,000 --> 00:04:21,400
Speaker 1: That's it for the Afternoon Report for Monday, the twenty

73
00:04:21,480 --> 00:04:24,160
Speaker 1: ninth of September twenty twenty five. Make sure you hit

74
00:04:24,200 --> 00:04:26,440
Speaker 1: follow on the podcast and we'll be back tomorrow morning

75
00:04:26,480 --> 00:04:29,400
Speaker 1: with the Tuesday edition of fear and greed. A Michael Thompson.

76
00:04:29,720 --> 00:04:30,400
Speaker 1: Enjoy your evening,