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Speaker 1: Welcome to Fear and Greed business news you can use. Today.

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Speaker 1: The ASX hits a new record high on the back

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Speaker 1: of the Anthony Alberanzi Donald Trump thirteen billion dollar deal

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Speaker 1: on rare earths and critical minerals. The energy market operator

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Speaker 1: says Australia's energy transition is happening at pace and one

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Speaker 1: in three property markets across the country now has a

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Speaker 1: median value of more than one million dollars. Plus Apple

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Speaker 1: share price surges as sales of the Lattice iPhone jump,

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Speaker 1: and hope for an antidote to peanut allergies. It is Wednesday,

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Speaker 1: the twenty second of October twenty twenty five. Are Michael

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Speaker 1: Thompson and good morning, Sean Aleman.

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Speaker 2: Good morning Michael, Sean.

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Speaker 1: The main story this morning. The Australian share market has

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Speaker 1: nudged an all time high on the back of the

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Speaker 1: rare earths and critical minerals deal between PM Anthony Aberanzi

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Speaker 1: and the US President Donald Trump. The stars of the boss,

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Speaker 1: not surprisingly, were the battery metals companies.

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Speaker 2: Indeed, the benchmark s and PAX two hundred hit a

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Speaker 2: peak of nine thousand, one hundred and fifteen point two

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Speaker 2: points before finishing a little less than that, just US

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Speaker 2: under ninety one hundred points. As you mentioned, the miners

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Speaker 2: led the charge. It wasn't just the Trump Albansi meeting.

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Speaker 2: Wall Street closed high yesterday morning on the back of

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Speaker 2: a strong performance from Apple more than a moment. But

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Speaker 2: for the local market, it really was mostly about the

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Speaker 2: leaders meeting in Washington early yesterday morning Australian time. Albanizi

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Speaker 2: and Trump agreed to spend one billion US dollars each

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Speaker 2: into mining projects have the next six months. More supports

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Speaker 2: expected to come will be announced in upcoming months. In titals,

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Speaker 2: the leaders pledged eight point five billion US it's about

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Speaker 2: thirteen billion nuzzi to support battery minerals companies that sent

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Speaker 2: ol COHWI share price up seven and a half percent.

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Speaker 2: Our Fia Rare Earth are one point jumped twenty six percent,

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Speaker 2: but then it closed flat.

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Speaker 1: What a ride for Arrafia yesterday. That's quite an jump

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Speaker 1: just to end at pretty much level. It seems to

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Speaker 1: be getting plenty of help at the moment. The Gena

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Speaker 1: Reinhardt backed Rare Earth miner It's got its Nolan's project

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Speaker 1: in the Northern Territory. It's about to get one hundred

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Speaker 1: million dollar bonus.

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Speaker 2: Yes, it's amazing how much money this company's gone. So

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Speaker 2: the Prime Minister said the project could eventually produce five

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Speaker 2: percent of annual rare Earth's demand. That's a pretty big call.

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Speaker 2: Its share prices up three hundred and seventy five percent

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Speaker 2: this year. It's been provided loans from the Labor government,

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Speaker 2: it's gotten money for the National Reconstruction Fund, and then

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Speaker 2: this latest announcement yesterday, that's about one point two billion

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Speaker 2: dollars into a single mining project. That's how it comes off.

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Speaker 1: Gosh, that's a lot of pressure, right.

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Speaker 2: Yeah.

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Speaker 1: Now, away from the market, let's talk politics, because there

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Speaker 1: was general consensus I suppose that the meeting was a

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Speaker 1: big success for Anthony Alberanezi. He one plawed. It's from

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Speaker 1: the right side of politics. Fox News in the US

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Speaker 1: called him a smart deal maker, and also from the

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Speaker 1: left as well, former Ambassador Kim Beasley calling it a

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Speaker 1: red letter day. Former Prime Ministers Scott Morris and Malcolm Turnbull,

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Speaker 1: they were both also complimentary.

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Speaker 2: Yeah, win as a grin as I suppose, I mean

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Speaker 2: most The only thing I suppose that he got criticized

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Speaker 2: for was the orcus stuff and whether or not he

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Speaker 2: got across the line. Deputy Prime Minister Richard Miles said

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Speaker 2: that President Trump's comments were enough to be reassured that

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Speaker 2: the three hundred and sixty four but in US dollar

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Speaker 2: UGUS steel will go ahead.

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Speaker 1: You do sound a bit skeptical. See, I'm always I'm

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Speaker 1: an optimist when it comes to this kind of thing,

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Speaker 1: and maybe I shouldn't take the President kind of at

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Speaker 1: his word where he says, yeah, they'll be getting their submarines.

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Speaker 1: But while ever the review is still technically underway and

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Speaker 1: hasn't been officially all signed off and done and dusted,

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Speaker 1: then there's always a chance, right, Yeah.

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Speaker 2: I mean it does depend a bit on what the

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Speaker 2: deal is because Congress could come back and say, well,

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Speaker 2: this isn't good enough for us, we want more money

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Speaker 2: from Australia, and Donald Trump could do that on a whim.

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Speaker 1: Yeah, he has been known to do things he has. Now.

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Speaker 1: I did like that line from Kim Beasley calling it

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Speaker 1: a red latter day, you know who. It wasn't a

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Speaker 1: red lad to day for Kevin.

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Speaker 2: Rudd, red face day.

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Speaker 1: Maybe absolutely the current ambassador. It's a bit of a shocker,

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Speaker 1: wasn't it. But it kind of knew that it was

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Speaker 1: going to happen walking in there. If there was going

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Speaker 1: to be a confrontation, it was going to be between

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Speaker 1: the two of them.

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Speaker 2: Right yeah, I mean the opposition really made Hayward that

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Speaker 2: yesterday saying the former Prime Minister Kevin Rudd should be

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Speaker 2: sacked as the ambassador. But I mean after the meeting

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Speaker 2: the album, after the Albanezy Trump meeting, there was a

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Speaker 2: bit of a clearing of the year between Trump and Rudd.

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Speaker 2: Trump apparently approached right in the White House Cabinet room.

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Speaker 2: Of course, he had rebuked him during the just finished

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Speaker 2: press conference. He'd been asked about the Rod's previous comments

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Speaker 2: critical of the president, and he responded by saying I

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Speaker 2: don't like him. But afterwards, apparently Trump said, is this

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Speaker 2: the guy here? All forgiven? And run in return said

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Speaker 2: I apologize, mister President. So maybe it does remind me

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Speaker 2: of the story when I met Kevin. Right. So, I

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Speaker 2: used to be editor of the Cydney Morning Herald and

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Speaker 2: Kevin Rudd was in between the first and second Prime

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Speaker 2: ministerships and he was always kind of a back room work.

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Speaker 2: He's probably a very good diplomat. Anyway, he rang me

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Speaker 2: and said, hey, can we come and have a drink.

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Speaker 2: It was in at the very top of a Sydney hotel.

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Speaker 2: Beautiful spot. Walked in, he sat down and he talked

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Speaker 2: about what his policy agender was. Now he was lobbing

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Speaker 2: to get the Herald support over Julia Gillard. That's basically

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Speaker 2: what it was. I felt pretty good about myself, pretty

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Speaker 2: important form prime minister, potential future prime minister wanting to

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Speaker 2: talk to me. I'm there listening the whole bit, had

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Speaker 2: a glass of wine together. After forty five minutes he said, okay, well,

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Speaker 2: thanks very much Shane for coming. He called me totally

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Speaker 2: the wrong name. Oh, I was deflated. I was deflated

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Speaker 2: my ego.

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Speaker 1: Just so you weren't too. He didn't feel too bad

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Speaker 1: with me, no, seeing what happened to him then overnight,

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Speaker 1: I just got you know what, that's calmer, That's what

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Speaker 1: that is from Shane. Now the rest of the ASX,

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Speaker 1: we've kind of veered away from the market into politics.

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Speaker 1: Let's get back to investing. What else happened on the

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Speaker 1: AX yesterday.

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Speaker 2: Well, the miners led the way, with BHP up two

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Speaker 2: point three percent more on the Big Australian. In a moment,

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Speaker 2: Telco and healthcare stocks also did well among the large

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Speaker 2: caps there, so West Farmer's, Goodman Group, four s Q Medals,

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Speaker 2: Telstra and Sigma Healthcare all outperformed. That's a kind of

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Speaker 2: clectic mix of companies. National Australia Bank, Westpac and Aristocrat

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Speaker 2: Leisure were underperformers, and Corporate News super Retail rows after

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Speaker 2: appointing BCF managing director Paul Bradshaw's chief executive clean Away

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Speaker 2: Waste Management Film more than four percent despite reaffirming fiscal

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Speaker 2: year guidance, and investment platform Business Hub twenty four up

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Speaker 2: to eleven after funds under administration climbed eight percent. This

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Speaker 2: has been a really good Business Hub twenty four. It's

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Speaker 2: up about seventy four percent under the past year, very

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Speaker 2: very strong, and he came in against some really big names,

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Speaker 2: against mcquarie, Wrap and BT and has really done a

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Speaker 2: good job.

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Speaker 1: Yeah, Friends of Fear and Greed Hub twenty four, Yeah,

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Speaker 1: totally Sean. Globally, all the focus is, I know, we

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Speaker 1: talk a lot about Anthony Alberanezi meeting yeah, Donald Trump,

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Speaker 1: But really that's kind of that's small fright, really, isn't it?

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Speaker 1: Like this is that the focus is on the upcoming

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Speaker 1: meeting between Trump and Chinese leader Jiji in pink. That's

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Speaker 1: what's really going to move the earth.

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Speaker 2: Yeah, it moved the earth, or the market at least.

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Speaker 1: No, I'm saying like that has the potential to shake

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Speaker 1: things up big time.

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Speaker 2: I feel the earth move.

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Speaker 1: Oh, just go on, Just what's happening lady?

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Speaker 2: This week? Trump has somewhat turned down his rhetoric in

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Speaker 2: recent days. That's calmed markets of somewhat. Oil steady, with

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Speaker 2: Brent trading around sixty one US dollars a barrel amount

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Speaker 2: of crude on So the amount of crude oil tankers

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Speaker 2: at sea right now is at a record high. That's

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Speaker 2: kind of interesting. That's cool, it's very cool. Investors remain cautious,

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Speaker 2: notwithstanding strong equity markets. Therefore, the price of gold hit

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Speaker 2: hit another new high yesterday. I was a dollar buying

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Speaker 2: about sixty five US cents.

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Speaker 1: Sean, it is Wednesday. You know what that means?

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Speaker 2: Business by numbers.

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Speaker 1: Business by numbers. The top three numbers to know for

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Speaker 1: the week, brought to you by zero at along to

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Speaker 1: zero dot com slash au. What is the first number?

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Speaker 2: And fifteen point two points.

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Speaker 1: We just talked about it.

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Speaker 2: We did. That's the record high hit by the ASEX

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Speaker 2: two hundred yesterday.

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Speaker 1: Did you forget it was like three minutes ago? What

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Speaker 1: was the second number? Sean?

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Speaker 2: Thirteen billion dollars the value of the deal between the

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Speaker 2: US and Australia are on rarest and critical minerals.

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Speaker 1: And the third number is one we haven't yet really discussed. No.

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Speaker 2: Three point eight nine trillion US dollars the total market

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Speaker 2: capitalization of Apple on the back of a jump in

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Speaker 2: iPhone's ass.

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Speaker 1: Okay, Sean will be back in a moment with the

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Speaker 1: rest of the day's business news Sean. The Australian energy

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Speaker 1: transition is happening at pace, according to the chief executive

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Speaker 1: of Australian Energy market operator Daniel Westerman, and consumers are

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Speaker 1: driving it.

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Speaker 2: I thought this was a good news story. Westerman, speaking

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Speaker 2: at the Financial Review Energy Summit yesterday said it does

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Speaker 2: need to happen quite quickly, but that consumers, industries and

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Speaker 2: governments are leaning in. I liked the story until the

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Speaker 2: word leaning was used. But you know, Westerman said, as

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Speaker 2: Cole retires, the least costly way to replace that energy

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Speaker 2: is renewable energy coupled with hydro and gas. In relation

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Speaker 2: to batteries and other alternatives. The energy transition is so big,

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Speaker 2: and said it's not an all question, but rather an

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Speaker 2: end question. We need the whole lot. He said. Data

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Speaker 2: centers are another key piece of the puzzle. They will

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Speaker 2: enable economic growth and productivity improvements. He explained that gas

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Speaker 2: reliability is unmatched in its propensity to assist the energy transition.

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Speaker 2: It can help solve the system security problem and keep

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Speaker 2: the grid secure better.

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Speaker 1: Property News sean one in three property markets across the

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Speaker 1: country now has a median value of one million dollars

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Speaker 1: or more, with a number of million dollar suburbs up

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Speaker 1: one hundred and forty three percent over the past five years.

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Speaker 2: And we don't live in any of them.

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Speaker 1: Oh, they break it to me gently.

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Speaker 2: Catality looked at four eight hundred and forty four markets

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Speaker 2: across the country, so each city's broken down into many

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Speaker 2: many markets. Obviously about three quarters of them were house

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Speaker 2: markets one quarter units thirty four percent had a median

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Speaker 2: value of one million dollar or more. That's quite amazing. Wow,

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Speaker 2: Brisbane is a boom market. Thirty eight new markets hit

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Speaker 2: that benchmark over the past year, so we're at thirty

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Speaker 2: four percent. Five years ago, it was just fourteen percent.

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Speaker 2: That's the number of markets that were members of the

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Speaker 2: million dollar club outside Brisbane. Regions where million dollar houses

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Speaker 2: became more common included Sydney, Regional, New South Wales, Regional Queensland,

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Speaker 2: Perth and Adelaide. However, Regional Victoria alas the only broad

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Speaker 2: market to go backwards over the year to the end

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Speaker 2: of September.

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Speaker 1: Did you just look at that and go, how on

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Speaker 1: earth does a first home buyer get into the market?

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Speaker 2: Right? Yea, yeah, almost impossible.

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Speaker 1: Yeah. Now, BHP Sean expects global iron ore demand to

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Speaker 1: remain solid, even though demand from China is slowing, not

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Speaker 1: helped in the Big Australians case by a breakdown in

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Speaker 1: contract talks. Imagine that would complicate things just a little somewhat.

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Speaker 2: The HP's Pilber operations mined a record amount of OR

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Speaker 2: in the September quarter, but sold six four million tons,

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Speaker 2: which was actually less than the previous month sixty four

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Speaker 2: million tons. Did you head around that one? For the

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Speaker 2: full year, BCHP expects to sell around two hundred and

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Speaker 2: sixty four million tons. Incredible. Chief executive Mike Henry said overall,

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Speaker 2: macroeconomic signals for demand remain resilient in global growth forecasts

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Speaker 2: are moving higher. Title copper production increase, helped by strong

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Speaker 2: output from the Escandida mine in South America. Just love

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Speaker 2: something word Escandeta. BHP wasn't talking about contract negotiations with

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Speaker 2: Chinese seal makers. Now the reports suggest that Beachp's been

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Speaker 2: banned from selling or on the spot market to some

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Speaker 2: Chinese buyers, but they're keeping mum about it.

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Speaker 1: Let's turn to international news now, Sean, because you alluded

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Speaker 1: to this one earlier. Apple share price hit a record yesterday,

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Speaker 1: valuing the group at three point nine trillion US dollars

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Speaker 1: on the back of higher than expected demand for its

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Speaker 1: latest iPhone launch.

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Speaker 2: Cheers jump more than three percent, taking out an all

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Speaker 2: time high that had stood since December last year. Apple

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Speaker 2: interesting company. I mean, it's an interesting company, but its

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Speaker 2: share price has been interesting. High profile underperformer among the

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Speaker 2: S and P five hundred index for most of this year.

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Speaker 2: Was down by as much as thirty one percent at

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Speaker 2: its worst point in April. But really, since the launch

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Speaker 2: of the iPhone, it's surged. It's up about fifty percent

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Speaker 2: since then, now positive for the year. The recent strength

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Speaker 2: comes amid signs are stronger than expected demand for that

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Speaker 2: new iPhone lineup, adding to hopes that the long awaited

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Speaker 2: upgrade cycle could be underway. The problem for Apple is

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Speaker 2: that people weren't upgrading their phones enough. They think that's

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Speaker 2: happening now now Chipmaker and Video remains wall streets because

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Speaker 2: company were four point four trillion US dollars. Apple is

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Speaker 2: now three point it's actually three point eight to nine

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Speaker 2: trillion US, just ahead of Microsoft at three point eight

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Speaker 2: four trillion US dollars.

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Speaker 1: Now, how about this. This has gotta be good news,

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Speaker 1: right hopeful? Yeah, A small French firm founded by p

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Speaker 1: the Autricians believe that a skin patch can soolve really

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Speaker 1: one of parents greatest concerns peanut allergies.

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Speaker 2: I've never had a child with bad allergies, no, but

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Speaker 2: oh man, some of my friends who have had kids

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Speaker 2: with penutalogies.

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Speaker 1: And the paranoia never goes away. Right yeah.

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Speaker 2: Yeah. After more than two decades of work and a

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Speaker 2: few costly setbacks, dBV Technologies is in the latest stretch

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Speaker 2: of developing what could be a game changer for the

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Speaker 2: industry and for parents, of course. But I mean the

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Speaker 2: company has stumbled before. An arrival product tailed as they

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Speaker 2: breakthrough it through six years ago flopped, so we have

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Speaker 2: to keep it in perspective. But dBV will soon release

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Speaker 2: the results of a late stage study in which hundreds

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Speaker 2: of children, some of the young as four, wore the

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Speaker 2: patch for a year and then consumed peanut protein to

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Speaker 2: mimic an accidental ingestion. Investors think there's something in there

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Speaker 2: in this dBV stock price in anticipation. It's up seventy

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Speaker 2: percent in the past three weeks according to Bloomberg. So

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Speaker 2: we'll keep on this one.

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Speaker 1: Yeah, we will. Up next Sean is Fear and Greed

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Speaker 1: Q and A. You're speaking today with M squared co

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Speaker 1: founder Paul Mirron.

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Speaker 2: It's a great chat about why markets are so highly valued.

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Speaker 2: So we start with gold, we go into equities, and

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Speaker 2: then we really do more of a deep dive in

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Speaker 2: private credit and the pros and cons I suppose of

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Speaker 2: private credit and just the fact that there's so much

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Speaker 2: liquidity around the place that you know, pushing these asset

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Speaker 2: prices up, and whether it can continue.

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Speaker 1: Yeah, and M squared Capital is a great supporter of

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Speaker 1: Fear and Greeder is coming up next to the Fear

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Speaker 1: and Greed playlist on your podcast platform or at Fearangreed

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Speaker 1: dot com. Tod are you Sean? I forgot to tell

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Speaker 1: you guess what we have launched. We have launched a giveaway,

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Speaker 1: a giveaway, a giveaway. So if you have not yet

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Speaker 1: signed up for the Fear and Greed Daily newsletter, just

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Speaker 1: hold on to you.

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Speaker 2: Not only do you get the newsletter every day, you

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Speaker 2: have a chancet.

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Speaker 1: Ye, hold on to your hat because you could win

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Speaker 1: one the legendary Fear and Greed hat and the mea Mug,

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Speaker 1: the coveted mea mug. It's a merchandise pack Sewan. There's

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Speaker 1: two things in it, which makes it a pack. Anyway,

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Speaker 1: We've got three packs to give away, and all you

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Speaker 1: need to do is sign up for the Fear and

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Speaker 1: Greed newsletter. I'll put a link in today's show notes.

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Speaker 1: You can do it by the end of next week

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Speaker 1: to be in the drawer. It's you're already a subscriber.

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Speaker 1: You're already in the drawer.

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Speaker 2: There you go? Is that right?

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Speaker 1: That's right?

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Speaker 2: And they need to cancel and resign?

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Speaker 1: Just resign, No, just yeah, and sign your whole family up.

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Speaker 1: Maximize your chances. Okay, I'll put a link in today's

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Speaker 1: show notes. But you can do it at the website

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Speaker 1: as well. Thank you very much, Sean, thank you, Michael.

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Speaker 1: It's Wednesday, the twenty second of October twenty twenty five.

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Speaker 1: Make sure you're following the podcast and join us online

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Speaker 1: as well LinkedIn Instagram, x TikTok and Facebook. I'm Michael

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Speaker 1: Thompson and that was fear and greed. Have a great day.