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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Monday, the twenty second of September twenty twenty five

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Speaker 1: are Michael Thompson. Every Afternoon, I got the five stories

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Speaker 1: that happened today that you need to know about. Story

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Speaker 1: number one, it's all about markets. The SMPA is sex

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Speaker 1: two hundred climbs zero point four percent today to eighty

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Speaker 1: eight hundred and eleven points, largely thanks to commodities.

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Speaker 2: Resources stocks had a really good day. The prices of

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Speaker 2: iron ore, uranium, lithium, gold, copper all up and that

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Speaker 2: saw some pretty strong results for many of those miners.

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Speaker 2: Iron ore giants Rio Tinto and Fortescue were both up sharply.

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Speaker 2: BHP climbed one percent. Uranium company Boss Energy was up

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Speaker 2: nearly seven percent, Paladin up nearly five percent after the

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Speaker 2: World Nuclear Association forecast are doubling in uranium demand by

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Speaker 2: twenty forty. Gold miners surged. Regis Resources were up nearly

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Speaker 2: nine percent, Perseus Mining, Northern Star, Evolution Mining, Newmont basically

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Speaker 2: shopping list of the gold miners. They all climbed today.

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Speaker 2: At the other end of the market, the banks had

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Speaker 2: a pretty ordinary day with comwealth Bank, A and Z

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Speaker 2: and NAB all down slightly onto story number two. Now

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Speaker 2: and the Reserve Bank says the government's plan to bring

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Speaker 2: forward an expanded First Home Buyers scheme could put upward

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Speaker 2: pressure on house prices. Reserve Bank Governor Michelle Bullock and

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Speaker 2: other members of her team front at a parliamentary committee

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Speaker 2: today in Canberra. Assistant Governor Brad Jones told Parliament that

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Speaker 2: the First Home Buyer scheme, which kicks in next month,

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Speaker 2: may put and I quote a little more upward pressure

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Speaker 2: on house prices in the short term. But he also

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Speaker 2: went on to say the Treasury has also done some

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Speaker 2: work on medium term supply response and their sense is

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Speaker 2: that we will see over time and uplift in supply

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Speaker 2: in response to that extra demand as well, and so

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Speaker 2: that will end up dampening the price effect over the

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Speaker 2: medium term. In other words, prices may go up a little,

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Speaker 2: but increased supply of homes on the market eventually should

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Speaker 2: help it out. It was a pretty wide ranging appearance

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Speaker 2: at Parliament by the Reserve Bank and we will have

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Speaker 2: plenty more on this in tomorrow morning show. Story number three.

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Speaker 2: Support for the Federal Coalition has slumped to new lows

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Speaker 2: with young voters and across the East Coast States. New

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Speaker 2: analysis of Newspot data from the last three months shows

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Speaker 2: support among people in the eighteen to thirty four demographic

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Speaker 2: has dropped to eighteen percent for the Coalition compared to

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Speaker 2: Labour on thirty six percent and the Greens on twenty

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Speaker 2: six percent, while in New South Wales the Coalition is

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Speaker 2: sitting at just twenty five percent on its primary vote

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Speaker 2: and Labour is leading sixty to forty percent on two

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Speaker 2: party preferred. Interestingly, it seems that men are deserting the

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Speaker 2: Conservative Party. It was previously skewing mail and now there's

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Speaker 2: actually a more even split between men and women supporting

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Speaker 2: the party. One Nation has picked up share, especially with

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Speaker 2: older voters. As the Coalition continues to struggle to regain

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Speaker 2: ground post election, Opposition leader Susan Lee has a very

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Speaker 2: big job to do. Story number four Today, Canvas long

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Speaker 2: standing claims about being profitable are under scrutiny after long

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Speaker 2: delayed accounts revealed the design software giant booked years of

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Speaker 2: losses despite surging revenue. Now, the company has long said

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Speaker 2: that it's been profitable for seven years, but accounts for

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Speaker 2: twenty twenty one and twenty twenty two, filed three years late,

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Speaker 2: show Canvas Australia ran statutory losses between twenty nineteen and

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Speaker 2: twenty twenty two, including a two hundred and twenty two

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Speaker 2: million dollar loss in twenty two, even as revenue is jumping.

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Speaker 2: Canvas insists, though that it has been cash flow positive

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Speaker 2: for nine years, arguing that non cash costs like stock

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Speaker 2: based pay does skew its results, which is a reporting

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Speaker 2: style also used by another Australian giant at Lassion Now.

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Speaker 2: Canvas recently opened a share sale valuing it at forty

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Speaker 2: two billion US dollars ahead of a potential Wall Street

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Speaker 2: listing next year. It has continued to grow though. It

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Speaker 2: says that it now has two hundred and forty million

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Speaker 2: monthly users, including twenty seven million paying subscribers, and more

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Speaker 2: than three point four billion US dollars in annualized revenue. Finally,

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Speaker 2: story number five, US President Donald Trump has honored murdered

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Speaker 2: conservative activist Charlie Kirk at a packed memorial in Arizona,

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Speaker 2: calling him a martyr to American freedom. Thousands filled the

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Speaker 2: stadium there, including Vice President JD Vance and Elon Musk.

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Speaker 2: Trump said Kirk inspired young voters and would be awarded

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Speaker 2: the Presidential Medal of Freedom. Charlie Kirk's widow, Erica forgave

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Speaker 2: the alleged killer and announced that she will now lead

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Speaker 2: Turning Point, which is the group that Kirk founded. The

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Speaker 2: FBI is also investigating whether the shooter had accomplices. That's

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Speaker 2: it for the afternoon Report for Monday, the twenty second

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Speaker 2: of September twenty twenty five. Make sure you hit follow

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Speaker 2: on the podcast and we'll be back tomorrow morning with

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Speaker 2: the Tuesday edition of Fear and Greed. A Michael Thompson.

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Speaker 2: I'll enjoy your evening