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

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Speaker 1: for Thursday, the twenty second of January twenty twenty six.

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

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Speaker 1: stories that happen today that you need to know about.

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Speaker 1: Let's go a story number one. The SMPA SEX two

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Speaker 1: hundred jumped zero point eight percent today to eight hundred

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Speaker 1: and forty nine points. Nine of the eleven sectors on

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Speaker 1: the BOSS gained ground today. The ASEX was even higher

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Speaker 1: than that this morning, before the release of the labor

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Speaker 1: force figures for December, which showed a surprise jump in

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Speaker 1: the number of jobs created and a drop in the

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Speaker 1: unemployment rate to four point one percent, down from four

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Speaker 1: point three percent, increasing expectations of an interest rate hike

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Speaker 1: as soon as next month. But still, the BOSS had

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Speaker 1: a very solid day, largely because of the easing of

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Speaker 1: tensions over Greenland after US President Donald Trump made a

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Speaker 1: speech at Davos overnight where he backed down from threats

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Speaker 1: to slap tariffs on European nations. He still wants green

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Speaker 1: Land and says there is a framework now in place

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Speaker 1: for him to do it, but he's not going to

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Speaker 1: use tariffs to get it on the ASX. The energy

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Speaker 1: companies had a great day. Woodside was up nearly three percent,

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Speaker 1: Santos more than five percent. The big banks had a

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Speaker 1: crack at NAB was up three percent. Commonwealth Bank on

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Speaker 1: Westpac were both more than two percent higher. The material

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Speaker 1: sector was lower, though pulled down by Fortescue which fell

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Speaker 1: more than five percent. A bit more in that one

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Speaker 1: later gold miners Northern Star and Regis Resources. They were

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Speaker 1: both off around eight percent on to story number two.

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Speaker 1: Now and National's leader David Little Proud announced this morning

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Speaker 1: that his party was leaving the coalition after the internal

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Speaker 1: dispute over hate speech legislation earlier this week, but Liberal

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Speaker 1: leader Susan Lee hasn't responded to the announcement, saying instead

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Speaker 1: that today the focus must be on the National Day

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Speaker 1: of Mourning. Following the Bondai Beach terror attack last month.

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Speaker 1: Flags have been flown at half mast across the country

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Speaker 1: and at one minute past seven tonight there'll be a

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Speaker 1: minute silence observed. A vigil to remember the fifteen victims

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Speaker 1: of the attack as being held this evening at the

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Speaker 1: Sydney Opera House. Prime Minister Anthony Abernezi Susan Lee and

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Speaker 1: New South Wales Premier Chris Mins will each deliver an address.

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Speaker 1: Governor General Sam Mostyn will read a passage. Speaking today,

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Speaker 1: the Prime Minister talked about the attack at Bondai, saying,

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Speaker 1: I quote, this is a place where nothing should break

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Speaker 1: except for the waves, but a lot broke that night.

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Speaker 1: It was a tragic attack not just on Jewish Australians,

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Speaker 1: but on the Australian way of life. Onto story number

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Speaker 1: three now and Australian investors are piling into gold, with

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Speaker 1: flows into gold exchange traded funds jumping sharply this year.

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Speaker 1: Global X ETFs Australia has seen average weekly flows into

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Speaker 1: its gold ETFs increase dramatically. Since January one, Australians have

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Speaker 1: invested an average of nineteen point eight million dollars a

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Speaker 1: week into their funds, up twenty eight point six percent

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Speaker 1: on the fifteen point four million dollar average weekly flows

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Speaker 1: that were recorded last Global X funds have about seven

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Speaker 1: point three billion dollars in assets under management. Justin Lynn

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Speaker 1: from global X says that given the escalation in trade

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Speaker 1: tensions and risks to both the US dollar and the euro,

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Speaker 1: gold may have in fact built a short term floor

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Speaker 1: of four five hundred US dollars and ounce story number three.

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Speaker 1: I mentioned four TOESCU earlier. The miner says it has

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Speaker 1: shipped a record volume of iron ore in the six

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Speaker 1: months to December. They exported just over one hundred million

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Speaker 1: tons in the half, up three percent on a year earlier,

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Speaker 1: following similar record shipments from Rio Tinto. Adding to growing

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Speaker 1: supplies coming out of Western Australia. That surge has helped

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Speaker 1: push stockpiles at Chinese ports to multi year highs, potentially

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Speaker 1: weakening prices in future negotiations. Iron ore is still trading

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Speaker 1: above one hundred US dollars a ton, but a lot

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Speaker 1: of forecasters expect prices to ease as that supply continues

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Speaker 1: to rise and demand softens. And finally, story number five,

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Speaker 1: A major rescue operation is underway on the North Island

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Speaker 1: of New Zealand after a landslide swept through a coastal campground.

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Speaker 1: Up to ten people are unaccounted for, including children. The

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Speaker 1: landslide at the Mount Manganui Beachside holiday Park, which is

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Speaker 1: southeast of Auckland, was triggered by torrential rain. Destroyed tents,

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Speaker 1: cabins and a shower block. The New Zealand Herald reports

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Speaker 1: rescuers initially heard people yelling from inside the shower block.

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Speaker 1: Rescuers were forced to withdraw due to the risk of

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Speaker 1: further landslides. When they returned, the calls had fallen. Silent.

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Speaker 1: Authorities say the exact number missing remains unclear, as some

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Speaker 1: campers may have left without checking out. The region has

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Speaker 1: been hit by widespread flooding and landslides, with emergency services

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Speaker 1: describing conditions as extremely challenging. And that's it for the

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Speaker 1: afternoon Report for Thursday, the twenty second of January. Make

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Speaker 1: sure you're following the podcast and please head along to

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Speaker 1: Fear and Greed dot com today you to sign up

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Speaker 1: for our free daily newsletter. I'm Michael Thompson. Enjoy your

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Speaker 1: Eat