1 00:00:03,600 --> 00:00:06,120 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,160 --> 00:00:08,680 Speaker 1: for Friday, the twenty eighth of November twenty twenty five. 3 00:00:08,760 --> 00:00:11,360 Speaker 1: I'm Sean Alma. Every afternoon we bring you the five 4 00:00:11,360 --> 00:00:13,480 Speaker 1: big stories that happened today that you need to know about. 5 00:00:13,520 --> 00:00:16,200 Speaker 1: Story number one. The local share market finished the day 6 00:00:16,360 --> 00:00:18,960 Speaker 1: down just three points we can say flat really, to 7 00:00:19,040 --> 00:00:22,040 Speaker 1: eighty six hundred and fourteen points. For the week, the 8 00:00:22,040 --> 00:00:24,400 Speaker 1: market was one point four percent higher. It was pretty 9 00:00:24,440 --> 00:00:27,680 Speaker 1: quiet really with the Thanksgiving holiday in the US. Overnight. 10 00:00:28,000 --> 00:00:30,440 Speaker 1: The banks were all lower. The big miners were mixed, 11 00:00:30,480 --> 00:00:33,280 Speaker 1: as were the retailers. Trading in Woolies had its best 12 00:00:33,360 --> 00:00:36,040 Speaker 1: day in three months, with the supermarket Giant finishing up 13 00:00:36,080 --> 00:00:39,920 Speaker 1: more than three percent after an investment bank analyst upgraded 14 00:00:40,360 --> 00:00:44,440 Speaker 1: his forecast for the business. Weiss tech Global had another 15 00:00:44,479 --> 00:00:47,159 Speaker 1: good day, jumping six percent thanks to a rise in 16 00:00:47,200 --> 00:00:49,280 Speaker 1: tech stocks on Wall Street and some board renewal the 17 00:00:49,280 --> 00:00:52,280 Speaker 1: software group this week, its share price is up twelve 18 00:00:52,320 --> 00:00:55,600 Speaker 1: percent since Monday. On the flip side, Sun Corp fell 19 00:00:55,800 --> 00:00:58,760 Speaker 1: three percent after it said bad weather in southeast Queensland 20 00:00:58,760 --> 00:01:01,440 Speaker 1: and northern New South Wales will cost it three hundred 21 00:01:01,440 --> 00:01:03,960 Speaker 1: and fifty million dollars, Sorry number two. It was the 22 00:01:04,040 --> 00:01:07,360 Speaker 1: final day of Parliament today. A few pieces of legislation passed, 23 00:01:07,400 --> 00:01:11,640 Speaker 1: including Labour's environmental laws, the first real change to the 24 00:01:11,760 --> 00:01:17,800 Speaker 1: environmental legislation rules since John Howard's reign. Pretty much that's 25 00:01:17,840 --> 00:01:20,040 Speaker 1: it for twenty twenty five now. Before leaving the building, 26 00:01:20,080 --> 00:01:24,160 Speaker 1: the Polly's officially listed the Islamic Revolutionary Guard Corps as 27 00:01:24,200 --> 00:01:27,320 Speaker 1: a state sponsor of terrorism, a move criticized by Iran 28 00:01:28,280 --> 00:01:31,600 Speaker 1: Home Affairs Minister Tony Burke. Mish wished everyone a merry 29 00:01:31,640 --> 00:01:35,920 Speaker 1: Christmas and moved to Parliament be adjourned until Tuesday, February three, 30 00:01:36,440 --> 00:01:38,560 Speaker 1: twenty twenty six. They are all happy to do that. 31 00:01:39,319 --> 00:01:41,520 Speaker 1: Earlier in the day, Prime Minister Anthony albaniz He had 32 00:01:41,520 --> 00:01:44,520 Speaker 1: walked to Parliament House No daubt happy with the year's efforts. 33 00:01:44,720 --> 00:01:49,120 Speaker 1: Apart from the environmental legislation, legislation that passed Parliament this 34 00:01:49,240 --> 00:01:53,040 Speaker 1: year includes changes to rules governing the environment, aged care, 35 00:01:53,120 --> 00:01:56,320 Speaker 1: tax rates, superannuation and hate laws. Sorry number three. The 36 00:01:56,360 --> 00:01:58,920 Speaker 1: Star Entertainment Group has issued what's known as a cleansing 37 00:01:58,960 --> 00:02:02,120 Speaker 1: prospectus to our recently issued shares to trade freely on 38 00:02:02,160 --> 00:02:05,080 Speaker 1: the market. The move covers shares issued to two major 39 00:02:05,120 --> 00:02:09,240 Speaker 1: investors Valies and investment holdings after their convertible notes were 40 00:02:09,240 --> 00:02:12,440 Speaker 1: turned into equity, as well as incentive shares granted to 41 00:02:12,600 --> 00:02:16,799 Speaker 1: senior executives. Stars share price jumped nearly ten percent today. 42 00:02:17,200 --> 00:02:19,440 Speaker 1: Story number four. The Reserve Bank of Australia might water 43 00:02:19,560 --> 00:02:22,400 Speaker 1: down its controversial proposal to impose the ban on credit 44 00:02:22,440 --> 00:02:26,360 Speaker 1: card surcharge fees, which drew a big backlash from business. 45 00:02:26,360 --> 00:02:28,679 Speaker 1: The regulator is also taking steps to appease the big 46 00:02:28,680 --> 00:02:32,000 Speaker 1: banks concerns about interchange fees, according to report in the 47 00:02:32,080 --> 00:02:35,680 Speaker 1: Finn Review. According to minutes released by the RBA's Payments 48 00:02:35,840 --> 00:02:40,400 Speaker 1: System Board meeting, the regulator is considering the relative merits 49 00:02:40,400 --> 00:02:44,000 Speaker 1: of the various options on payment card surcharging. That's opened 50 00:02:44,000 --> 00:02:46,240 Speaker 1: the door just a little bit. Search Charges on debit 51 00:02:46,240 --> 00:02:49,079 Speaker 1: and credit card payments imposed by businesses have drawn public 52 00:02:49,120 --> 00:02:52,840 Speaker 1: iyre prompting the federal government to ban debit payment surcharges 53 00:02:52,840 --> 00:02:56,080 Speaker 1: from next year. However, according to the Finn, the MBA 54 00:02:56,200 --> 00:03:01,600 Speaker 1: is now considering allowing surcharging to continue on some credit cards. Finally, 55 00:03:01,680 --> 00:03:04,079 Speaker 1: Story number five, the death poll in one of Hong 56 00:03:04,160 --> 00:03:07,840 Speaker 1: Kong's deadliest blazers in modern times has risen to at 57 00:03:07,919 --> 00:03:10,280 Speaker 1: least ninety four and hundreds are still missing. More than 58 00:03:10,320 --> 00:03:15,560 Speaker 1: seventy people have been injured, including eleven firefighters. Rescuers continued 59 00:03:15,600 --> 00:03:18,880 Speaker 1: the search for survivors this morning, going from apartment to 60 00:03:18,919 --> 00:03:21,760 Speaker 1: apartment at the Charred Towers in a northern district of 61 00:03:21,760 --> 00:03:24,480 Speaker 1: the city. Firefighters were still trying to enter all of 62 00:03:24,520 --> 00:03:27,960 Speaker 1: the units in these seven burnt towers to check for casualties. 63 00:03:28,240 --> 00:03:30,720 Speaker 1: That's it for the afternoon report for Friday, the twenty 64 00:03:30,760 --> 00:03:33,040 Speaker 1: eighth of November twenty twenty five. Make sure you follow 65 00:03:33,040 --> 00:03:35,880 Speaker 1: on the podcast and head along to Fearangreed dot com today. 66 00:03:35,920 --> 00:03:38,440 Speaker 1: You to sign up for our free daily newsletter. I'm 67 00:03:38,440 --> 00:03:40,200 Speaker 1: Sean Almer. Enjoy your reading.