1 00:00:04,200 --> 00:00:06,920 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,960 --> 00:00:09,520 Speaker 1: for Wednesday, the fifth of February twenty twenty five. I'm 3 00:00:09,560 --> 00:00:12,320 Speaker 1: sure in Elmer every afternoon we've got the five stories 4 00:00:12,360 --> 00:00:14,200 Speaker 1: that happened today that you need to know about straight 5 00:00:14,280 --> 00:00:16,600 Speaker 1: um A one this S and PASX two hundred had 6 00:00:16,640 --> 00:00:19,800 Speaker 1: a pretty good day, finished up half percent to eighty 7 00:00:19,920 --> 00:00:23,120 Speaker 1: four hundred and seventeen points. The big miners led the way. 8 00:00:23,200 --> 00:00:26,040 Speaker 1: FOURT Skew Metals and Rao both jumped two percent, while 9 00:00:26,079 --> 00:00:28,520 Speaker 1: BHP was up one and a half percent. The tex 10 00:00:28,560 --> 00:00:34,000 Speaker 1: stocks and energy companies also did well. You can put Woodside, Promticus, Zeroria, 11 00:00:34,040 --> 00:00:38,159 Speaker 1: Wisetech into that basket. Healthcare stocks underperformed. CSL was down 12 00:00:38,200 --> 00:00:41,200 Speaker 1: more than one percent, while Mcquarie Bank Limited was off 13 00:00:41,320 --> 00:00:44,600 Speaker 1: three point six percent. In corporate news, Mcorp jumped after 14 00:00:45,000 --> 00:00:48,239 Speaker 1: its earnings met expectations in the December quarter and the 15 00:00:48,320 --> 00:00:51,600 Speaker 1: company reaffirmed its guidance for the twenty twenty five financial year. 16 00:00:51,920 --> 00:00:54,520 Speaker 1: And clean Away Waste Management fell after the company was 17 00:00:54,560 --> 00:00:58,360 Speaker 1: forced to close its liquid waste processing facility in Western 18 00:00:58,400 --> 00:01:01,960 Speaker 1: Sydney after a signific can fire hit the premises. Story 19 00:01:02,080 --> 00:01:04,800 Speaker 1: number two, the prime Minister has announced one point seven 20 00:01:05,000 --> 00:01:08,520 Speaker 1: billion dollars in additional funding to public hospitals next year. 21 00:01:08,880 --> 00:01:12,080 Speaker 1: The PM said the additional funds to states and territories 22 00:01:12,120 --> 00:01:15,040 Speaker 1: would help cut waiting lists, to reduce waiting times in 23 00:01:15,120 --> 00:01:18,640 Speaker 1: emergency rooms, and to manage ramping. This matters to people 24 00:01:18,640 --> 00:01:21,200 Speaker 1: in This decision today will help save lives and lead 25 00:01:21,240 --> 00:01:24,319 Speaker 1: to better outcomes for our nation's people. He said. This 26 00:01:24,600 --> 00:01:26,880 Speaker 1: is part of a new agreement between the federal, state 27 00:01:26,920 --> 00:01:30,440 Speaker 1: and territory governments where the commonwealth contribution to public hospitals 28 00:01:30,640 --> 00:01:34,000 Speaker 1: will increase by twelve percent. Story number three Toleroid Group 29 00:01:34,000 --> 00:01:38,160 Speaker 1: Transurban could become a takeover target, according to investment bankers, 30 00:01:38,440 --> 00:01:40,600 Speaker 1: on the back of a dearth of infrastructure players on 31 00:01:40,640 --> 00:01:44,200 Speaker 1: the AX and a lackluster share price of Transurban for 32 00:01:44,200 --> 00:01:47,319 Speaker 1: the last five years or so. It's significant that media 33 00:01:47,400 --> 00:01:51,280 Speaker 1: is now talking about Transurban as a target. Nothing really 34 00:01:51,360 --> 00:01:55,559 Speaker 1: as large as Transurban in the infrastructure ASEX world post 35 00:01:55,640 --> 00:01:59,200 Speaker 1: Sydney Airport. Now, the Toleroid Group's share price has underperformed. 36 00:01:59,360 --> 00:02:02,280 Speaker 1: Last year was up about ten percent, it was flat. 37 00:02:02,400 --> 00:02:04,600 Speaker 1: It's worth about forty one billion dollars, though a sale 38 00:02:04,600 --> 00:02:07,680 Speaker 1: price is probably closer to sixty billion dollars. It might 39 00:02:07,720 --> 00:02:09,840 Speaker 1: be a bit expensive, but it has come back to 40 00:02:09,840 --> 00:02:12,160 Speaker 1: the pack in recent years, and obviously investment bankers are 41 00:02:12,160 --> 00:02:15,040 Speaker 1: talking about it. According to the finn Review, toll roads 42 00:02:15,240 --> 00:02:18,560 Speaker 1: like Sydney's West Connects provide steady returns to investors over 43 00:02:18,600 --> 00:02:21,600 Speaker 1: the long term. Most of Transurban's agreements in Australia allow 44 00:02:21,639 --> 00:02:23,520 Speaker 1: the company to raise toll fares by the rate of 45 00:02:23,520 --> 00:02:27,320 Speaker 1: inflation or at least four percent. That's sort of steady 46 00:02:27,360 --> 00:02:32,280 Speaker 1: returns that many super funds, like Story number four International markets, 47 00:02:32,400 --> 00:02:35,040 Speaker 1: how would you describe them chaotic? I would say. At 48 00:02:35,040 --> 00:02:38,079 Speaker 1: the moment, oil is up again, trading around seventy six 49 00:02:38,280 --> 00:02:41,280 Speaker 1: US dollars a barrel, goals even higher twenty eight to 50 00:02:41,360 --> 00:02:43,959 Speaker 1: fifty eight US dollars an ounce. Of course, that's training 51 00:02:44,000 --> 00:02:46,320 Speaker 1: near these record levels because its goal is a safe 52 00:02:46,320 --> 00:02:49,680 Speaker 1: place to be when things are uncertain, and there's plenty 53 00:02:49,680 --> 00:02:52,160 Speaker 1: of uncertainty around at the moment. The Aussie dollar, though, 54 00:02:52,240 --> 00:02:54,000 Speaker 1: that's jumped a bit. It's up to sixty two and 55 00:02:54,000 --> 00:02:56,760 Speaker 1: a half US sense, while bitcoin is trading just under 56 00:02:56,800 --> 00:02:59,919 Speaker 1: one hundred US dollars a unit. And Story number five, 57 00:03:00,000 --> 00:03:02,280 Speaker 1: if at least eleven people have been killed at an 58 00:03:02,320 --> 00:03:06,200 Speaker 1: adult education center in Sweden, in the country's worst ever 59 00:03:06,280 --> 00:03:09,560 Speaker 1: mass shooting. The school runs classes for students over the 60 00:03:09,600 --> 00:03:14,040 Speaker 1: age of twenty, including Swedish classes for immigrants, vocational training 61 00:03:14,320 --> 00:03:18,560 Speaker 1: in programs for people with intellectual disabilities. Sweden's PM Ulf 62 00:03:18,880 --> 00:03:22,640 Speaker 1: Christensen described the attack as the worst mass shooting in 63 00:03:22,680 --> 00:03:25,639 Speaker 1: Swedish history. Please bleed. The gunman who was one of 64 00:03:25,680 --> 00:03:29,920 Speaker 1: those killed, acted alone and had no suspected connections with terrorism. 65 00:03:30,160 --> 00:03:32,920 Speaker 1: Sweden has a high level of gun ownership, largely because 66 00:03:32,919 --> 00:03:35,720 Speaker 1: of hunting, and in recent years has recorded the highest 67 00:03:35,720 --> 00:03:39,400 Speaker 1: but capita rate of gun violence. School attacks. They are rare, 68 00:03:39,440 --> 00:03:42,840 Speaker 1: with just ten people killed in seven incidents between twenty 69 00:03:42,880 --> 00:03:47,040 Speaker 1: ten and twenty twenty two. That's it Fountainon Report for Wednesday, 70 00:03:47,120 --> 00:03:49,120 Speaker 1: the fifth of February twenty twenty five. Make sure you 71 00:03:49,240 --> 00:03:51,440 Speaker 1: hit follow on the podcast. We'll be back tomorrow morning 72 00:03:51,600 --> 00:03:54,240 Speaker 1: with the Thursday edition of the Fast five Business News 73 00:03:54,280 --> 00:03:57,640 Speaker 1: by Peer and Greed. I'm Sean Elmer. Enjoy your evening.