1 00:00:03,600 --> 00:00:06,320 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,360 --> 00:00:09,440 Speaker 1: for Wednesday, the seventeenth of September twenty twenty five are 3 00:00:09,440 --> 00:00:12,480 Speaker 1: Michael Thompson. Every afternoon, We've got the five stories that 4 00:00:12,520 --> 00:00:14,000 Speaker 1: happened today that you need to know about. 5 00:00:14,120 --> 00:00:17,000 Speaker 2: Let's go story number one. The local share market a 6 00:00:17,040 --> 00:00:18,000 Speaker 2: pretty ordinary day. 7 00:00:18,040 --> 00:00:21,040 Speaker 1: It fell zero points seven percent today to eight hundred 8 00:00:21,040 --> 00:00:25,159 Speaker 1: and nineteen points as investors took profits ahead of the 9 00:00:25,320 --> 00:00:29,639 Speaker 1: US federal reserves rate decision which is happening overnight and 10 00:00:29,760 --> 00:00:32,200 Speaker 1: local jobs data which will come out tomorrow. 11 00:00:32,720 --> 00:00:35,440 Speaker 2: Eight of eleven sectors finished in the red today, led 12 00:00:35,440 --> 00:00:39,520 Speaker 2: by miners, retailers and real estate BHP, which announced seven 13 00:00:39,560 --> 00:00:42,120 Speaker 2: hundred and fifty jobs are being cut in Queensland and 14 00:00:42,479 --> 00:00:45,000 Speaker 2: Rio Tintoso, two of the big iron all miners. They 15 00:00:45,040 --> 00:00:48,599 Speaker 2: both fell today despite a rise in iron ore prices, 16 00:00:48,960 --> 00:00:52,080 Speaker 2: while West Farmers and Harving normand Wade on consumer stocks. 17 00:00:52,440 --> 00:00:55,200 Speaker 2: Real estate companies had a bad day, led by Vicinity 18 00:00:55,240 --> 00:00:59,160 Speaker 2: and GPT Group. The gold miners ease even as Bully 19 00:00:59,200 --> 00:01:02,600 Speaker 2: and briefly topped three seven hundred US dollars an ounce 20 00:01:03,000 --> 00:01:06,520 Speaker 2: Northern Star evolution Percus Newmont. They were all down today 21 00:01:07,480 --> 00:01:10,920 Speaker 2: onto story number two now and Corporate Travel Management says 22 00:01:11,080 --> 00:01:13,399 Speaker 2: it will not be able to release its full year 23 00:01:13,440 --> 00:01:17,880 Speaker 2: financial accounts by September twenty five, advising shareholders to expect 24 00:01:17,959 --> 00:01:22,240 Speaker 2: an update in November. The travel management company had previously 25 00:01:22,280 --> 00:01:24,840 Speaker 2: flagged a delay in the release of its full year 26 00:01:24,880 --> 00:01:27,880 Speaker 2: accounts in August after the auditor had issues with the 27 00:01:27,920 --> 00:01:31,080 Speaker 2: timing of revenue and cost recognition relating to its European division, 28 00:01:31,840 --> 00:01:36,039 Speaker 2: and I quote matter remains unresolved. The company reiterated that 29 00:01:36,080 --> 00:01:39,119 Speaker 2: the restatements would increase prior year earnings and reduce full 30 00:01:39,200 --> 00:01:41,280 Speaker 2: year earnings, but would have no impact on cash or 31 00:01:41,319 --> 00:01:44,679 Speaker 2: the twenty twenty six operations. KPMG had been hired to 32 00:01:44,720 --> 00:01:48,640 Speaker 2: review previous financial statements in the European division. The company said. 33 00:01:49,160 --> 00:01:53,000 Speaker 2: Corporate Travels shares haven't actually traded since the twenty second 34 00:01:53,120 --> 00:01:56,520 Speaker 2: of August, when the matter was first disclosed. Story number three. 35 00:01:56,600 --> 00:01:59,400 Speaker 2: Super funds have extended their strong run into the new 36 00:01:59,440 --> 00:02:02,320 Speaker 2: financial year. The Medium Growth fund rose one point three 37 00:02:02,320 --> 00:02:05,080 Speaker 2: percent in August, taking gains to three point two percent 38 00:02:05,520 --> 00:02:07,920 Speaker 2: over the first two and a half months of FY 39 00:02:08,040 --> 00:02:10,560 Speaker 2: twenty six. Is, according to chand West, one of the 40 00:02:10,600 --> 00:02:13,239 Speaker 2: main drivers a strong month for the local share market 41 00:02:13,320 --> 00:02:15,520 Speaker 2: up three point two percent across the month, helped by 42 00:02:15,600 --> 00:02:20,160 Speaker 2: rebounded resources. Global markets also delivered positive returns, supported by 43 00:02:20,200 --> 00:02:23,839 Speaker 2: solid US earnings and expectations of a federal reserve rate cut, 44 00:02:24,320 --> 00:02:27,639 Speaker 2: which we mentioned before and is expected to happen early 45 00:02:27,680 --> 00:02:31,519 Speaker 2: tomorrow morning around four am Australian time. Story number four. 46 00:02:31,600 --> 00:02:35,240 Speaker 2: Australia is already at war in the cyber domain. According 47 00:02:35,280 --> 00:02:39,360 Speaker 2: to the Defense Force's top digital warfare commander, Lieutenant General 48 00:02:39,400 --> 00:02:43,600 Speaker 2: Susan Coyle told the Financial Review cyber summit that foreign 49 00:02:43,680 --> 00:02:47,680 Speaker 2: actors attempt daily hacks on defense systems to steal secrets 50 00:02:47,760 --> 00:02:51,360 Speaker 2: or disrupt operations. She warned that ships, planes and missiles 51 00:02:51,360 --> 00:02:56,400 Speaker 2: wouldn't function without secure networks. A former government cyber advisor 52 00:02:56,560 --> 00:02:59,760 Speaker 2: also added at the same conference that Chinese made electric 53 00:02:59,840 --> 00:03:03,280 Speaker 2: view vehicles post a national security risk, describing them as 54 00:03:03,360 --> 00:03:07,600 Speaker 2: potential surveillance tools that could even be disabled or potentially 55 00:03:07,639 --> 00:03:12,080 Speaker 2: detonated remotely. And finally, story number five, the man accused 56 00:03:12,120 --> 00:03:16,160 Speaker 2: of assassinating conservative activist Charlie Kirk in the United States 57 00:03:16,480 --> 00:03:20,720 Speaker 2: has been formally charged with aggravated murder in Utah, twenty 58 00:03:20,760 --> 00:03:23,880 Speaker 2: two year old Tyler Robinson appeared via video link as 59 00:03:23,919 --> 00:03:27,640 Speaker 2: prosecutor's outlined evidence, including DNA on the rifle used in 60 00:03:27,680 --> 00:03:32,399 Speaker 2: the attack and text messages where he allegedly confessed. Robinson 61 00:03:32,440 --> 00:03:35,680 Speaker 2: may face the death penalty if convicted. The case has 62 00:03:35,720 --> 00:03:39,280 Speaker 2: intensified debate over political violence in the United States, with 63 00:03:39,400 --> 00:03:42,720 Speaker 2: the White House promising a crackdown on radical left groups 64 00:03:42,880 --> 00:03:46,760 Speaker 2: that encourage attax on conservatives. That's it for the Afternoon 65 00:03:46,760 --> 00:03:49,920 Speaker 2: Report for Wednesday, the seventeenth of September twenty twenty five. 66 00:03:50,160 --> 00:03:52,240 Speaker 2: Make sure you hit follow on the podcast and we'll 67 00:03:52,280 --> 00:03:54,720 Speaker 2: be back tomorrow morning with the Thursday edition of Fear 68 00:03:54,760 --> 00:03:57,280 Speaker 2: and Greed on Michael Thompson. Joy your evening.