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

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Speaker 1: for Friday, the thirtieth of January twenty twenty six. I'm

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Speaker 1: Michael Thompson, and every afternoon we've got the five stories

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Speaker 1: that happen today that you need to know about. Let's

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Speaker 1: jump straight into story number one. The S and PA

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Speaker 1: SX two hundred closed zero point seven percent lower today

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Speaker 1: to eight hundred and sixty nine points. There is a

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Speaker 1: lot happening here. There are reports that US President Donald

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Speaker 1: Trump is preparing to announce former FED Governor Kevin Walsh

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Speaker 1: as the next FED chair tomorrow. The President has said

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Speaker 1: he is going to make an announcement tomorrow and it

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Speaker 1: is suspected that it will be wash and according to

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Speaker 1: the fin Review, he is seen by markets as less

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Speaker 1: likely to deliver aggressive rate cuts than perhaps some of

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Speaker 1: the other candidates to replace Jerome Powell. That news today

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Speaker 1: triggered an almost five percent slump in the price of

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Speaker 1: gold that took gold back down to about five two

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Speaker 1: hundred US dollars. Announce silver dropped as well. Slips now

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Speaker 1: it's just a touch above seventy US cents on the

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Speaker 1: local market. That played out in a couple of different ways.

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Speaker 1: We have the gold miners in particular where hit hard Newmont,

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Speaker 1: for instance, was off at Genesis Minerals nearly ten percent.

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Speaker 1: The iron ore miners fell today as well, BHP nearly

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Speaker 1: two percent, Rio Tinto three and a half percent. Other

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Speaker 1: things going on in the local markets so as well,

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Speaker 1: because we had healthcare stocks rising today ahead of a

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Speaker 1: potential local interest rate rise when the Reserve Bank Board

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Speaker 1: meets next week. And the very troubled Star Entertainment, which

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Speaker 1: I haven't mentioned for a long time, honestly tumbled more

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Speaker 1: than fifteen percent today after it warned of ongoing uncertainties.

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Speaker 1: Ahead told you it was a busy day. Story number

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Speaker 1: two a big day as well. In federal politics, Prime

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Speaker 1: Minister Anthony Albanezi has announced a twenty five billion dollar

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Speaker 1: deal with the States over funding for public hospitals. And

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Speaker 1: on the other side, we've got Andrew Hasty and the

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Speaker 1: Liberals reportedly pulling out of the battle to replace opposition

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Speaker 1: leader Susan Lee. Nine newspapers are reporting this afternoon that

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Speaker 1: Hasty has told two colleagues that he is withdrawing from

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Speaker 1: the race with his colleague Angus Taylor. Neither of them

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Speaker 1: have been able to rally the support needed for a

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Speaker 1: leadership spill. Neither wants to be the deputy to the

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Speaker 1: other's leader, so it just puts the whole thing on

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Speaker 1: ice for a while, give Susan Lee a bit of

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Speaker 1: breathing space. Meanwhile, Susan Lee herself has officially put the

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Speaker 1: Nationals on notice, giving them just over a week to

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Speaker 1: rejoin the coalition before she makes the whole thing permanent

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Speaker 1: and locks in a Liberal only shadow cabinet. Lee has

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Speaker 1: announced only temporary acting replacements for the eight shadow ministerial

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Speaker 1: roles that were vacated when the Nationals walked out last

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Speaker 1: week over the hate speech laws, and after that, she

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Speaker 1: says she's going to appoint permanent Liberal replacements that would

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Speaker 1: effectively entrench the coalition split until at least the next

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Speaker 1: election due by May twenty twenty eight, just largely because

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Speaker 1: it is too difficult to then unwind the higher salaries

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Speaker 1: and extra staff that would be triggered by these permanent

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Speaker 1: shadow minister appointments. Story number three nine Entertainment is Getting

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Speaker 1: out of Radio, announcing a deal to sell its network

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Speaker 1: of talkback stations to pub baron Arthur Laundy and his

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Speaker 1: family for fifty six million dollars. It is a major

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Speaker 1: shift in the local media landscape and includes two GB

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Speaker 1: and three AW, the number one stations in Sydney and

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Speaker 1: Melbourne respectively. At the same time as they are selling

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Speaker 1: the radio stations, nine as buying outdoor advertising group QMS

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Speaker 1: for eight hundred and fifty million dollars using proceeds from

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Speaker 1: its sale of domain last year. Chief executive Matt Stanton

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Speaker 1: today said that the deals would create a more efficient,

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Speaker 1: higher growth company, with QMS allowing advertisers and nine itself

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Speaker 1: to reach audiences from sofa to street. So good Line

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Speaker 1: nine Entertainment shares closed five percent higher today story number four.

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Speaker 1: Australia is closely monitoring an outbreak of the NIPA virus

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Speaker 1: in India, with Health Minister Mark Butler describing it as

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Speaker 1: very rare but very deadly. Nipa has no vaccine and

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Speaker 1: can kill between forty and seventy five percent of those infected.

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Speaker 1: Two cases have been confirmed in India, and while neighboring

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Speaker 1: countries are increasing security measures, Butler says Australia has no

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Speaker 1: plans to change border protocols yet, stressing that the virus

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Speaker 1: doesn't spread easily and requires close personal contact. It's usually

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Speaker 1: transmitted from animals, particularly fruit, bats and pigs, or contaminated food.

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Speaker 1: The Australian Center for Disease Control says that the existing

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Speaker 1: screening and diagnostic systems are sufficient, but authorities are assessing

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Speaker 1: the situation daily. And finally, story number five, Apple has

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Speaker 1: beaten Wall Street expectations, posting record iPhone sales of eighty

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Speaker 1: five point three billion US dollars in the December quarter

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Speaker 1: and total revenue of one hundred and forty three point

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Speaker 1: eight billion US dollars. China was a standout for the company,

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Speaker 1: with sales jumping nearly thirty eight percent year on year,

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Speaker 1: which is a pretty sharp turnaround after some re recent weakness,

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Speaker 1: but Chief executive Tim Cook has warned that a global

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Speaker 1: memory chip shortage driven by the AI data center Boom,

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Speaker 1: will squeeze margins in coming quarters. Apple is also racing

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Speaker 1: to catch up in the AI space, confirming a two

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Speaker 1: billion dollar acquisition of startup q dot Ai and really

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Speaker 1: leaning on Google's Gemini models to power a revamped Seri

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Speaker 1: later this year. Apple share price closed about zero point

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Speaker 1: seven percent higher this morning, and that is it for

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Speaker 1: the afternoon report for Friday. The thirtieth of January twenty

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Speaker 1: twenty six. Make sure you're following the podcast and head

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Speaker 1: along to Fearangreed dot com dot A you to sign

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Speaker 1: up for our free daily newsletter. I'm WELC. Thompson. Enjoy

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Speaker 1: your evening,