1
00:00:03,560 --> 00:00:06,360
Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

2
00:00:06,440 --> 00:00:09,120
Speaker 1: to Thursday, the fifth of February twenty twenty six. I'm

3
00:00:09,119 --> 00:00:11,840
Speaker 1: Michael Thompson, and every afternoon we've got the five stories

4
00:00:11,840 --> 00:00:14,080
Speaker 1: that happened today that you need to know about. Let's

5
00:00:14,080 --> 00:00:15,920
Speaker 1: go with story number one. The S and PA Sex

6
00:00:15,960 --> 00:00:19,239
Speaker 1: two hundred closed zero point four percent lower today to

7
00:00:19,360 --> 00:00:23,119
Speaker 1: eight hundred and eighty nine points after a stellar session yesterday.

8
00:00:23,160 --> 00:00:25,960
Speaker 1: The material sector was actually the worst on the moss today,

9
00:00:26,480 --> 00:00:29,600
Speaker 1: dragged down by lower prices for copper, for gold, and

10
00:00:29,640 --> 00:00:33,520
Speaker 1: for silver. Silver in fact, tumbled a whopping twelve point

11
00:00:33,680 --> 00:00:37,520
Speaker 1: seven percent today. Copper and silver minor South thirty two

12
00:00:37,680 --> 00:00:41,320
Speaker 1: it lost four percent. The share price of BHP dropped

13
00:00:41,360 --> 00:00:46,000
Speaker 1: nearly four percent. Gold diggers Northern Star and Newmont both

14
00:00:46,040 --> 00:00:49,360
Speaker 1: fell around five percent. The uranium miners had a shock

15
00:00:49,400 --> 00:00:53,320
Speaker 1: at Paladin was off nine percent. That is all largely

16
00:00:53,360 --> 00:00:56,080
Speaker 1: to do with chip maker AMD, which tumbled more than

17
00:00:56,160 --> 00:00:59,360
Speaker 1: seventeen percent on Wall Street overnight. We'll take a closer

18
00:00:59,360 --> 00:01:02,320
Speaker 1: look at this one tomorrow morning's show, but it's basically

19
00:01:02,360 --> 00:01:04,679
Speaker 1: a case where investors are worried about AI demand and

20
00:01:04,760 --> 00:01:08,959
Speaker 1: nuclear power requirements. Hence the hit to uranium. It's a

21
00:01:08,959 --> 00:01:11,480
Speaker 1: good day for the banks today. Both Comwealth Bank and

22
00:01:11,520 --> 00:01:14,680
Speaker 1: A and Z were up about one point four percent,

23
00:01:15,120 --> 00:01:18,320
Speaker 1: and the big crypto selloff is continuing. Bitcoin is trading

24
00:01:18,400 --> 00:01:22,160
Speaker 1: at around seventy one thousand US dollars. That is the

25
00:01:22,240 --> 00:01:25,080
Speaker 1: lowest price since Donald Trump was re elected in November

26
00:01:25,120 --> 00:01:28,440
Speaker 1: of twenty twenty four. On destorying Number two now and

27
00:01:28,600 --> 00:01:32,080
Speaker 1: an attempted bombing at an Invasion Day rally in Perth

28
00:01:32,440 --> 00:01:36,320
Speaker 1: has been officially declared an act of terrorism, with authority

29
00:01:36,400 --> 00:01:40,360
Speaker 1: saying the accused was driven by racist pro white ideology.

30
00:01:40,600 --> 00:01:43,479
Speaker 1: Police allege that a thirty one year old man threw

31
00:01:43,560 --> 00:01:46,520
Speaker 1: a homemade explosive into a crowd of about two and

32
00:01:46,520 --> 00:01:49,800
Speaker 1: a half thousand people protesting in the Perth CBD on

33
00:01:49,920 --> 00:01:53,680
Speaker 1: January twenty six. The device failed to detonate but forced

34
00:01:53,720 --> 00:01:57,919
Speaker 1: an evacuation. Wa Premier Roger Cook today said that joint

35
00:01:57,960 --> 00:02:01,440
Speaker 1: counter terrorism investigators had deturned to the attack met the

36
00:02:01,520 --> 00:02:05,080
Speaker 1: legal threshold for terrorism and that is the first such

37
00:02:05,360 --> 00:02:08,840
Speaker 1: charge ever laid in Western Australia. Police say the man

38
00:02:09,040 --> 00:02:12,720
Speaker 1: self radicalized online and was motivated by hatred. He now

39
00:02:12,760 --> 00:02:17,440
Speaker 1: faces a potential life sentence. Story Number three, Bunnings has

40
00:02:17,440 --> 00:02:20,120
Speaker 1: won a key legal fight over its use of facial

41
00:02:20,160 --> 00:02:24,120
Speaker 1: recognition technology, with a tribunal ruling that the retailers justified

42
00:02:24,520 --> 00:02:28,240
Speaker 1: in using it to combat violence and theft. The Administrative

43
00:02:28,320 --> 00:02:32,239
Speaker 1: Review Tribunal found Bunnings faced a serious problem with repeat

44
00:02:32,280 --> 00:02:36,560
Speaker 1: offenders and reasonably believed the technology would help protect staff

45
00:02:36,639 --> 00:02:40,200
Speaker 1: and customers. However, it also rules the Bunnings breached privacy

46
00:02:40,280 --> 00:02:43,600
Speaker 1: rules by failing to properly inform customers that the technology

47
00:02:43,680 --> 00:02:46,360
Speaker 1: was being used between twenty eighteen and twenty twenty one.

48
00:02:47,040 --> 00:02:50,080
Speaker 1: The battle between the retailer and the Privacy Commissioner sets

49
00:02:50,080 --> 00:02:54,040
Speaker 1: a precedent as retailers look to find ways to balance

50
00:02:54,080 --> 00:02:59,320
Speaker 1: crime prevention with privacy rights. Story number four turning overseas now,

51
00:02:59,440 --> 00:03:04,080
Speaker 1: the Trump administration is withdrawing about seven hundred Immigration Enforcement

52
00:03:04,120 --> 00:03:08,920
Speaker 1: officers ICE offices from Minnesota after state and local authorities

53
00:03:08,960 --> 00:03:13,000
Speaker 1: agreed to cooperate more closely with federal agents. The Border Boss,

54
00:03:13,040 --> 00:03:16,320
Speaker 1: Tom Holman said the drawdown would improve safety and reduce

55
00:03:16,360 --> 00:03:19,640
Speaker 1: the need for large scale operations in public spaces. The

56
00:03:19,680 --> 00:03:22,880
Speaker 1: move follows outrage over the fatal shootings of two US

57
00:03:22,960 --> 00:03:27,160
Speaker 1: citizens by federal immigration officers in Minneapolis. Despite the withdrawal,

58
00:03:27,280 --> 00:03:30,200
Speaker 1: there will still be about two thousand federal agents in

59
00:03:30,280 --> 00:03:36,000
Speaker 1: the state. Further reductions are dependent on continued cooperation and finally,

60
00:03:36,040 --> 00:03:38,800
Speaker 1: story number five. More than three hundred journalists have lost

61
00:03:38,840 --> 00:03:42,200
Speaker 1: their jobs at The Washington Post, with the newspaper laying

62
00:03:42,240 --> 00:03:45,200
Speaker 1: off about a third of its newsroom. The changes include

63
00:03:45,200 --> 00:03:48,360
Speaker 1: scrapping its sports section just before the Winter Olympics, as

64
00:03:48,400 --> 00:03:52,160
Speaker 1: well as foreign bureaus, including the bureau chief in Sydney.

65
00:03:52,640 --> 00:03:56,920
Speaker 1: One Washington Post journalist reporting from Ukraine posted online about

66
00:03:56,960 --> 00:04:00,280
Speaker 1: me being made redundant while in an active war zone.

67
00:04:00,800 --> 00:04:04,360
Speaker 1: Executive editor Matt Murray said the cuts were painful but necessary,

68
00:04:04,520 --> 00:04:08,160
Speaker 1: arguing the paper could no longer be quote everything to everyone.

69
00:04:08,520 --> 00:04:12,440
Speaker 1: The newspaper obviously became very famous for its expose of

70
00:04:12,480 --> 00:04:15,720
Speaker 1: the Watergate scandal that brought down Richard Nixon. It is

71
00:04:15,840 --> 00:04:18,680
Speaker 1: now owned by Amazon founder Jeff Bezos, who bought it

72
00:04:18,800 --> 00:04:21,960
Speaker 1: in twenty thirteen for about two hundred and fifty million

73
00:04:22,200 --> 00:04:25,320
Speaker 1: US dollars. That's it for the Afternoon Report for Thursday,

74
00:04:25,400 --> 00:04:27,840
Speaker 1: the fifth of February twenty twenty six. Make sure you're

75
00:04:27,839 --> 00:04:30,360
Speaker 1: following the podcast and head along to Fear and Greed

76
00:04:30,440 --> 00:04:32,279
Speaker 1: dot com dot au to sign up for our free

77
00:04:32,360 --> 00:04:35,200
Speaker 1: daily newsletter, A Michael Thompson. Enjoy your evening,