1 00:00:04,120 --> 00:00:07,280 Speaker 1: Welcome to Fear and Greed. Business Year's Afternoon Report for Wednesday, 2 00:00:07,320 --> 00:00:09,559 Speaker 1: the eighth of October twenty twenty five. I'm sure in 3 00:00:09,600 --> 00:00:12,080 Speaker 1: Alma every afternoon we've got the five stories that happened 4 00:00:12,119 --> 00:00:14,360 Speaker 1: today that you need to know about. Stone Um one. 5 00:00:14,440 --> 00:00:17,759 Speaker 1: The SMPA SEX two hundred closed slightly lower today to 6 00:00:17,800 --> 00:00:20,439 Speaker 1: eighty nine hundred and forty eight points, and it was 7 00:00:20,520 --> 00:00:24,400 Speaker 1: the consumer discretionary stocks leading the market south that followed 8 00:00:24,400 --> 00:00:26,639 Speaker 1: a pretty good day for those stocks yesterday. The market 9 00:00:26,720 --> 00:00:29,280 Speaker 1: can be very fickle at times. Among the large caps, 10 00:00:29,320 --> 00:00:32,680 Speaker 1: West Farmers, Aristocrat, Leisure, and Tolstra were the worst performers. QBE, 11 00:00:32,720 --> 00:00:37,240 Speaker 1: Sigma Healthcare and Rio Tinto among the best couple of notables. Today. 12 00:00:37,680 --> 00:00:41,360 Speaker 1: Miso blast rallied nine percent after reporting US revenues for 13 00:00:41,720 --> 00:00:45,320 Speaker 1: ryan thul its therapy to treat children for complications that 14 00:00:45,400 --> 00:00:49,760 Speaker 1: could occur during bone marrow transplants, had increased by sixty 15 00:00:50,000 --> 00:00:52,839 Speaker 1: six percent in the September quarter. Its share price has 16 00:00:52,880 --> 00:00:56,720 Speaker 1: almost doubled since its lows in June, though it is 17 00:00:56,760 --> 00:00:58,240 Speaker 1: only back to where it was at the beginning of 18 00:00:58,280 --> 00:01:00,760 Speaker 1: the year, and James Hardy's share price jump ten percent 19 00:01:00,800 --> 00:01:04,080 Speaker 1: today after upgrading its sales and earnings forecast. Chief executive 20 00:01:04,080 --> 00:01:07,800 Speaker 1: Aaron Uta said the integration of the US based ASEC 21 00:01:07,920 --> 00:01:12,080 Speaker 1: was on track. Hardy share price, notwithstanding today's rise, is 22 00:01:12,160 --> 00:01:15,520 Speaker 1: off almost twenty percent this year. Storry number two Gold 23 00:01:15,560 --> 00:01:19,360 Speaker 1: has pushed through four thousand US dollars announce driven by 24 00:01:19,360 --> 00:01:24,600 Speaker 1: investors seeking safety from economic and geopolitical uncertainty alongside expectations 25 00:01:24,600 --> 00:01:28,040 Speaker 1: of further interstraight cuts by the US Federal Reserve. Spot 26 00:01:28,080 --> 00:01:31,040 Speaker 1: gold today hit an all time high of four thousand 27 00:01:31,480 --> 00:01:34,880 Speaker 1: US dollars and ninety six cents US goal futures for 28 00:01:34,920 --> 00:01:39,880 Speaker 1: December dely rereached four twenty US dollars perounce. Spot gold 29 00:01:39,920 --> 00:01:42,559 Speaker 1: is up fifty two percent year to date after rising 30 00:01:42,600 --> 00:01:44,959 Speaker 1: twenty seven percent last year. A bunch of factors in 31 00:01:45,000 --> 00:01:48,760 Speaker 1: that higher central bank purchases, renewed interest in gold backed 32 00:01:48,840 --> 00:01:53,880 Speaker 1: exchange traded funds, softer US dollars, resilient retail demand all 33 00:01:53,960 --> 00:01:56,880 Speaker 1: have fueled the metal's bullish run. Also been a bit 34 00:01:56,920 --> 00:02:00,000 Speaker 1: of fomo going on there too. Story number three. Australia 35 00:02:00,120 --> 00:02:02,680 Speaker 1: and Singapore have committed to closer ties, with Prime Minister 36 00:02:02,720 --> 00:02:07,200 Speaker 1: Anthony Albernezi and his Singaporean counterpart, Lawrence Wong launching an 37 00:02:07,240 --> 00:02:11,760 Speaker 1: upgraded comprehensive Strategic partnership today. This year marks sixty years 38 00:02:11,760 --> 00:02:14,400 Speaker 1: of diplomatic relations between the two countries ten years of 39 00:02:14,440 --> 00:02:19,760 Speaker 1: a comprehensive strategic partnership. That partnership two point zero, as 40 00:02:20,120 --> 00:02:24,080 Speaker 1: Alberanzi called it, aims to increase defense cooperation, expand economic 41 00:02:24,120 --> 00:02:28,120 Speaker 1: partnerships on supply chains, and deepen cultural ties. Prime Minister 42 00:02:28,200 --> 00:02:30,840 Speaker 1: Wong said the partnership will seek to give Australia greater 43 00:02:30,880 --> 00:02:34,000 Speaker 1: access to Singapore's air and naval bases straight num before. 44 00:02:34,040 --> 00:02:36,880 Speaker 1: The Albanesi government has stopped eighty six million dollars in 45 00:02:36,919 --> 00:02:41,440 Speaker 1: fraudulent and wrongful National Disability Insurance Scheme claims, but has 46 00:02:41,440 --> 00:02:44,840 Speaker 1: had to spend more than half eight billion dollars implementing 47 00:02:44,840 --> 00:02:48,120 Speaker 1: the crackdown. The rejected claims are among one hundred thousand 48 00:02:48,160 --> 00:02:52,240 Speaker 1: from NDIS providers, plan managers and participants scrutinized by the 49 00:02:52,280 --> 00:02:56,040 Speaker 1: independent Statutory Agency in the twenty four to twenty five 50 00:02:56,080 --> 00:03:00,440 Speaker 1: Financial Air NDIS Minister Jenny McAllister said twenty high risk 51 00:03:00,480 --> 00:03:03,120 Speaker 1: claims were reviewed each month. These account for just zero 52 00:03:03,160 --> 00:03:06,360 Speaker 1: point one percent of the fifteen point two million claims 53 00:03:06,360 --> 00:03:09,920 Speaker 1: made over the same period. Experts, including the Gratin Institute, 54 00:03:09,960 --> 00:03:13,840 Speaker 1: have repeatedly said cracking down on fraud doesn't achieve meaningful 55 00:03:13,840 --> 00:03:16,840 Speaker 1: savings that can only be done through a structural overhaul 56 00:03:16,880 --> 00:03:21,280 Speaker 1: of the NDS, and story number five a little left 57 00:03:21,360 --> 00:03:24,160 Speaker 1: field for a business program. But fears are growing for 58 00:03:24,200 --> 00:03:27,840 Speaker 1: Dolly Parton's health after the country music superstar canceled shows 59 00:03:27,840 --> 00:03:30,960 Speaker 1: and her sister posted an emotional message to fans on 60 00:03:31,000 --> 00:03:35,200 Speaker 1: social media. Free to Parton posted, I quote last night, 61 00:03:35,280 --> 00:03:37,360 Speaker 1: I was up all night praying for my sister Dolly. 62 00:03:37,440 --> 00:03:39,680 Speaker 1: She's strong, she's loved, and with all the prayers being 63 00:03:40,120 --> 00:03:42,680 Speaker 1: lifted for her, I know in my heart she's going 64 00:03:42,760 --> 00:03:45,640 Speaker 1: to be just fined. Godspeed, my cissy, Dolly. We all 65 00:03:45,680 --> 00:03:49,520 Speaker 1: love you now. Dolly Parton is an absolute legend of 66 00:03:49,520 --> 00:03:52,560 Speaker 1: the music industry, not just country music, but all music. 67 00:03:53,080 --> 00:03:55,320 Speaker 1: She canceled a series of Vegas shows. At the time 68 00:03:55,360 --> 00:03:58,520 Speaker 1: of those cancelations a couple of months ago, she posted, 69 00:03:58,600 --> 00:04:00,400 Speaker 1: as many of you know, I have been dealing with 70 00:04:00,440 --> 00:04:03,200 Speaker 1: some health challenges and my doctors tell me I must 71 00:04:03,240 --> 00:04:05,240 Speaker 1: have a few procedures. As I joked with them, it 72 00:04:05,320 --> 00:04:07,880 Speaker 1: must be time for my one hundred thousand mile checkup. 73 00:04:08,040 --> 00:04:10,440 Speaker 1: Although it's not the usual trip to see my plastic surgeon, 74 00:04:10,760 --> 00:04:13,840 Speaker 1: a tremendous individual. We wish her the best. That's it 75 00:04:13,880 --> 00:04:16,200 Speaker 1: for the Fast five Afternoon Report for Wednesday, the eighth 76 00:04:16,240 --> 00:04:18,359 Speaker 1: of October twenty twenty five. Actually, he hit follow on 77 00:04:18,360 --> 00:04:20,560 Speaker 1: the podcast. We will be back tomorrow morning with the 78 00:04:20,640 --> 00:04:23,640 Speaker 1: Thursday edition of the Fast five. I'm Sean Elmerk. Enjoy 79 00:04:23,720 --> 00:04:24,159 Speaker 1: your evening.