1
00:00:04,120 --> 00:00:06,960
Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

2
00:00:07,000 --> 00:00:09,840
Speaker 1: for Monday, the nineteenth of January twenty twenty six. I'm

3
00:00:09,840 --> 00:00:12,560
Speaker 1: Michael Thompson, and every afternoon we've got the five stories

4
00:00:12,560 --> 00:00:14,360
Speaker 1: that happen today that you need to know about.

5
00:00:14,600 --> 00:00:17,200
Speaker 2: Let's go with story number one. The local market.

6
00:00:17,200 --> 00:00:19,480
Speaker 1: The S and PA SEX two hundred closed zero point

7
00:00:19,560 --> 00:00:23,960
Speaker 1: three percent lower today to eight hundred and seventy five points.

8
00:00:24,000 --> 00:00:27,479
Speaker 1: Eight of the eleven sectors lost ground. Investors, it seems,

9
00:00:27,600 --> 00:00:30,880
Speaker 1: are worried about fears of a trade war between the

10
00:00:31,040 --> 00:00:35,919
Speaker 1: US and Europe after the Donald Trump administration announced tariffs

11
00:00:35,920 --> 00:00:39,280
Speaker 1: on European countries basically unless the US is able to

12
00:00:39,280 --> 00:00:43,159
Speaker 1: purchase Greenland now. Safe haven assets responded accordingly. Gold hit

13
00:00:43,200 --> 00:00:46,240
Speaker 1: a fresh high of four thousand, six hundred and ninety

14
00:00:46,560 --> 00:00:50,240
Speaker 1: US dollars an ounce. Silver also reached a new record.

15
00:00:50,520 --> 00:00:55,040
Speaker 1: The gold miners locally benefited Northern Star, Perseus Mining, Bellevue

16
00:00:55,080 --> 00:00:58,480
Speaker 1: Gold all up today. The tech sector bore the brunt

17
00:00:58,520 --> 00:01:01,720
Speaker 1: of investor nerves, though Why Global was down four point

18
00:01:01,720 --> 00:01:05,200
Speaker 1: four percent, life three point sixty the monitoring app was

19
00:01:05,240 --> 00:01:07,360
Speaker 1: off seven and a half percent. All of the big

20
00:01:07,400 --> 00:01:10,400
Speaker 1: four banks also closed a bit lower today nab The

21
00:01:10,400 --> 00:01:13,240
Speaker 1: worst of the four one stock, though worth a mention,

22
00:01:13,959 --> 00:01:16,520
Speaker 1: was A two milk. Today it dropped more than ten

23
00:01:16,560 --> 00:01:20,399
Speaker 1: percent before being placed in a trading halt. Why because

24
00:01:20,400 --> 00:01:23,600
Speaker 1: of news that China's birth rate has hit a record low,

25
00:01:23,640 --> 00:01:25,959
Speaker 1: and of course a two milk sells a whole lot

26
00:01:25,959 --> 00:01:29,640
Speaker 1: of infant formula to China. There you go onto storry

27
00:01:29,720 --> 00:01:32,679
Speaker 1: number two now and One Nation leader Pauline Hanson says

28
00:01:32,720 --> 00:01:35,560
Speaker 1: she is aiming to build her party into an alternative

29
00:01:35,640 --> 00:01:39,840
Speaker 1: party of government after support for One Nation surged, overtaking

30
00:01:39,880 --> 00:01:43,000
Speaker 1: the Coalition on primary votes for the first time ever.

31
00:01:43,360 --> 00:01:47,160
Speaker 1: The latest Newspole figures have One Nation at twenty two percent,

32
00:01:47,360 --> 00:01:50,600
Speaker 1: up seven points in just two months. The Coalition has

33
00:01:50,600 --> 00:01:53,280
Speaker 1: fallen to a record low of twenty one percent, while

34
00:01:53,320 --> 00:01:56,440
Speaker 1: Labour's primary vote has slipped four points to thirty two percent.

35
00:01:56,760 --> 00:01:59,520
Speaker 1: In Canberra today, Pauline Hanson was asked if she plans

36
00:01:59,560 --> 00:02:02,080
Speaker 1: for One Name to one day form government, to which

37
00:02:02,120 --> 00:02:04,680
Speaker 1: she replied, you bet it is. I'm not just here

38
00:02:04,720 --> 00:02:06,960
Speaker 1: to prop up the Coalition or the Labor Party or

39
00:02:07,040 --> 00:02:09,920
Speaker 1: anyone else. Labour still does lead on a two party

40
00:02:09,960 --> 00:02:12,880
Speaker 1: preferred basis, ahead fifty five to forty five percent in

41
00:02:12,960 --> 00:02:16,359
Speaker 1: News poll and fifty two to forty eight percent in

42
00:02:16,520 --> 00:02:19,760
Speaker 1: Resolve polling. Both of those were out today, but Prime

43
00:02:19,800 --> 00:02:22,600
Speaker 1: Minister Anthony Abernesi's personal standing has taken a bit of

44
00:02:22,639 --> 00:02:25,600
Speaker 1: a hit. His net approval has slumped to minus eleven.

45
00:02:25,720 --> 00:02:29,440
Speaker 1: That's the worst result since early last year. Polling suggests

46
00:02:29,440 --> 00:02:33,440
Speaker 1: the fallout from the Bondai terror attack, anti Semitism concerns

47
00:02:33,520 --> 00:02:37,360
Speaker 1: and lingering scandals over travel expenses have really put a

48
00:02:37,360 --> 00:02:41,000
Speaker 1: bit of a stop to Labour's post election momentum. Story

49
00:02:41,080 --> 00:02:43,560
Speaker 1: number three staying in politics with this one. The Albanese

50
00:02:43,600 --> 00:02:46,440
Speaker 1: government's plan to build one point two million new homes

51
00:02:46,440 --> 00:02:49,480
Speaker 1: by mid twenty twenty nine is becoming more expensive and

52
00:02:49,880 --> 00:02:54,040
Speaker 1: increasingly unlikely to be met. The Australian reports that Treasury

53
00:02:54,080 --> 00:02:57,040
Speaker 1: now estimates the cost of housing Australia, which is the

54
00:02:57,080 --> 00:03:00,480
Speaker 1: government's main housing delivery vehicle. We're all that's going to

55
00:03:00,480 --> 00:03:03,440
Speaker 1: reach fifteen point two billion dollars over the next four years.

56
00:03:03,520 --> 00:03:06,960
Speaker 1: That's nearly four billion dollars more than forecasts less than.

57
00:03:06,840 --> 00:03:10,520
Speaker 2: A year ago. Treasury has already conceded the housing target

58
00:03:10,800 --> 00:03:13,960
Speaker 2: will not be achieved. Developers and economists are urging the

59
00:03:13,960 --> 00:03:17,760
Speaker 2: government to perhaps rethink the goal, warning that construction costs,

60
00:03:17,880 --> 00:03:22,640
Speaker 2: labour shortages and low productivity do make it unrealistic. Story

61
00:03:22,720 --> 00:03:26,400
Speaker 2: number four Britain is poised to follow Australia's lead and

62
00:03:26,480 --> 00:03:29,720
Speaker 2: ban children under sixteen from social media, with Prime Minister

63
00:03:29,800 --> 00:03:33,720
Speaker 2: Sir Keir Starmer signaling a major shift in policy. The

64
00:03:33,919 --> 00:03:37,600
Speaker 2: Telegraph in the UK reports Starma is now open to

65
00:03:37,680 --> 00:03:41,480
Speaker 2: legislation imposing an Australian style ban ahead of a parliamentary

66
00:03:41,560 --> 00:03:44,600
Speaker 2: vote next week where other lawmakers are expected to push

67
00:03:44,640 --> 00:03:48,440
Speaker 2: for tougher restrictions. Until now, Britain has focused on limiting

68
00:03:48,480 --> 00:03:51,920
Speaker 2: access to harmful content such as pornography, self harm and

69
00:03:52,000 --> 00:03:55,760
Speaker 2: eating disorder material, but a lot of political pressure and

70
00:03:55,840 --> 00:03:58,880
Speaker 2: that has been growing has forced a rethink, and Keir

71
00:03:58,960 --> 00:04:02,320
Speaker 2: Starmer has said now that all options are on the table,

72
00:04:02,400 --> 00:04:06,240
Speaker 2: including banning under sixteen year olds entirely, with the government

73
00:04:06,280 --> 00:04:10,440
Speaker 2: closely watching what happens here in Australia. And finally, Story

74
00:04:10,520 --> 00:04:13,920
Speaker 2: number five, chat Gpt will start showing ads to users

75
00:04:13,960 --> 00:04:17,080
Speaker 2: in the United States as owner OpenAI looks to increase

76
00:04:17,120 --> 00:04:20,719
Speaker 2: revenue streams. The company says ads will appear above or

77
00:04:20,760 --> 00:04:24,640
Speaker 2: below responses, not within the answers themselves, and will only

78
00:04:24,680 --> 00:04:27,360
Speaker 2: be shown to adult users when a sponsored product or

79
00:04:27,440 --> 00:04:31,839
Speaker 2: service is considered relevant to the conversation. OpenAI says ads

80
00:04:31,880 --> 00:04:35,880
Speaker 2: will not appear alongside sensitive topics like health or politics.

81
00:04:36,160 --> 00:04:39,719
Speaker 2: It is a significant shift for OpenAI boss Sam Altman,

82
00:04:39,920 --> 00:04:43,560
Speaker 2: who has previously said quite clearly that he dislikes advertising.

83
00:04:44,000 --> 00:04:46,839
Speaker 2: But when your company is committed to something like one

84
00:04:46,920 --> 00:04:51,120
Speaker 2: trillion dollars in AI infrastructure spending, sometimes you've just got

85
00:04:51,120 --> 00:04:53,839
Speaker 2: a compromise. That's it for the afternoon Report for Monday,

86
00:04:53,880 --> 00:04:56,599
Speaker 2: the nineteenth of January. Make sure you're following the podcast

87
00:04:56,640 --> 00:04:58,839
Speaker 2: and head along to Fear and Greed dot com dot

88
00:04:58,839 --> 00:05:01,520
Speaker 2: au to sign up for our daily newsletter. I'll put

89
00:05:01,520 --> 00:05:03,560
Speaker 2: a link in today's show notes as well. Are Michael

90
00:05:03,560 --> 00:05:04,960
Speaker 2: Thompson enjoy your effing

91
00:05:07,720 --> 00:05:07,760
Speaker 1: M