1 00:00:04,160 --> 00:00:07,120 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:07,160 --> 00:00:09,800 Speaker 1: for Tuesday, the twenty first of October twenty twenty five. 3 00:00:09,960 --> 00:00:12,760 Speaker 1: Are Michael Thompson. Every afternoon, we've got the five stories 4 00:00:12,760 --> 00:00:15,160 Speaker 1: that happened today that you need to know about. Let's 5 00:00:15,160 --> 00:00:18,240 Speaker 1: get cracking with story number one, all about markets. The 6 00:00:18,320 --> 00:00:21,919 Speaker 1: SMPASX two hundred hit a new intra day high today, 7 00:00:22,239 --> 00:00:26,400 Speaker 1: hitting nine one hundred and fifteen points. It closed at 8 00:00:26,520 --> 00:00:29,080 Speaker 1: nine thousand and ninety five points, up about zero point 9 00:00:29,160 --> 00:00:31,840 Speaker 1: seven percent for the day, boyd of course by a 10 00:00:31,880 --> 00:00:36,240 Speaker 1: critical minerals deal signed overnight by US President Donald Trump 11 00:00:36,280 --> 00:00:40,600 Speaker 1: and Prime Minister Anthony Alberanezi. Nine of eleven sectors closed 12 00:00:40,680 --> 00:00:43,920 Speaker 1: higher today, led of course by the miners. Shares in 13 00:00:44,120 --> 00:00:48,159 Speaker 1: Arrafura Rare Earth's gained almost twenty six percent on the 14 00:00:48,159 --> 00:00:50,960 Speaker 1: news out of the US before closing pretty much flat. 15 00:00:50,960 --> 00:00:54,920 Speaker 1: But elsewhere there's plenty of green. Our Cover closed seven 16 00:00:54,960 --> 00:00:57,560 Speaker 1: and a half percent higher, Pilborough minerals up two and 17 00:00:57,600 --> 00:00:59,800 Speaker 1: a half percent, The Big Iron all miners were up 18 00:01:00,320 --> 00:01:04,080 Speaker 1: BHP two point three percent higher, four de skew rea 19 00:01:04,200 --> 00:01:07,760 Speaker 1: tinto both up. The gold miners, of course, had a 20 00:01:07,760 --> 00:01:12,360 Speaker 1: cracker evolution up four point four percent. Newmont and Northern 21 00:01:12,400 --> 00:01:14,880 Speaker 1: Star both up more than two and a half percent. 22 00:01:15,319 --> 00:01:18,880 Speaker 1: Others standouts today away from the miners Hub twenty four 23 00:01:18,920 --> 00:01:22,240 Speaker 1: and Investment Platform jumped eleven percent today after a good 24 00:01:22,240 --> 00:01:25,280 Speaker 1: set of results, and Drone Shield, which has been really 25 00:01:25,360 --> 00:01:28,000 Speaker 1: one of the boom stocks of the year. It's had 26 00:01:28,040 --> 00:01:31,160 Speaker 1: a run of down days, not today. It climbed almost 27 00:01:31,360 --> 00:01:35,080 Speaker 1: nine percent today. Finally, one more worth a quick mention. 28 00:01:35,240 --> 00:01:39,080 Speaker 1: Clean Away Waste Management held its AGM today. The board 29 00:01:39,080 --> 00:01:41,920 Speaker 1: copped a first strike after forty percent of votes were 30 00:01:41,959 --> 00:01:46,680 Speaker 1: cast against the company's remuneration report. Shares in the company 31 00:01:46,720 --> 00:01:49,520 Speaker 1: slumped four point three percent today to be one of 32 00:01:49,560 --> 00:01:53,680 Speaker 1: the worst on the Bourse. I'm just storying number two now. 33 00:01:53,920 --> 00:01:58,080 Speaker 1: And while the critical minerals deal was indeed very important, 34 00:01:58,200 --> 00:02:02,120 Speaker 1: many of the headlines from the meeting between Anthony Alberanezi 35 00:02:02,120 --> 00:02:05,000 Speaker 1: and Donald Trump were about former Prime Minister Kevin Rudd, 36 00:02:05,360 --> 00:02:09,239 Speaker 1: Australia's ambassador to Washington. Of course, we mentioned this morning 37 00:02:09,400 --> 00:02:12,760 Speaker 1: in the show that Kevin Rudd was confronted during the meeting. 38 00:02:12,800 --> 00:02:14,600 Speaker 1: He was there at the White House and he was 39 00:02:14,600 --> 00:02:19,040 Speaker 1: confronted over old comments that he'd once tweeted labeling Trump 40 00:02:19,120 --> 00:02:23,000 Speaker 1: the most destructive president in US history and a traitor 41 00:02:23,040 --> 00:02:25,880 Speaker 1: to the West. During the meeting in front of the media, 42 00:02:26,240 --> 00:02:29,600 Speaker 1: Trump asked Rudd directly if the remarks were bad, before 43 00:02:29,720 --> 00:02:33,560 Speaker 1: joking I don't like you either, and I probably never will. Now. 44 00:02:33,639 --> 00:02:37,000 Speaker 1: Kevin Rudd withdrew the comments, and it has now emerged 45 00:02:37,040 --> 00:02:41,079 Speaker 1: that after the media left the room, the ambassador apologized 46 00:02:41,120 --> 00:02:44,760 Speaker 1: and was apparently told all is forgiven. Opposition leader Susan 47 00:02:44,840 --> 00:02:48,120 Speaker 1: Lee had called on Kevin Rudd to step down, saying 48 00:02:48,200 --> 00:02:52,200 Speaker 1: his position was untenable. But it sounds like that's pretty unlikely. 49 00:02:52,720 --> 00:02:55,160 Speaker 1: On to story number three. Now in Super Retail Group, 50 00:02:55,240 --> 00:02:57,760 Speaker 1: which is the owner of Rebel Sport BCF and Super 51 00:02:57,840 --> 00:03:02,160 Speaker 1: Cheap Auto, has appointed Paul Bradshaw as chief executive, replacing 52 00:03:02,200 --> 00:03:05,920 Speaker 1: Anthony Hereti, who was sacked after failing to fully disclose 53 00:03:06,000 --> 00:03:10,639 Speaker 1: his relationship with the company's HR boss. Interestingly, Bradshaw, who 54 00:03:10,680 --> 00:03:14,440 Speaker 1: was previously head of the BCF business within the company, 55 00:03:14,800 --> 00:03:18,799 Speaker 1: had been named in court documents during whistleblower litigation as 56 00:03:18,840 --> 00:03:23,840 Speaker 1: a witness to alleged inappropriate behavior by Hereti. Now Bradshaw 57 00:03:24,040 --> 00:03:27,040 Speaker 1: takes the helm of a retailer that is heading into 58 00:03:27,080 --> 00:03:32,399 Speaker 1: a stormy AGM expected to feature protests against chair Judith Swales. 59 00:03:32,639 --> 00:03:36,680 Speaker 1: The company closed one point five percent higher today. Story 60 00:03:36,760 --> 00:03:40,440 Speaker 1: number four. Defense Minister Richard Marles says a Chinese fighter 61 00:03:40,560 --> 00:03:45,600 Speaker 1: jet endangered an Australian surveillance aircraft over the South China Sea, 62 00:03:45,840 --> 00:03:51,400 Speaker 1: releasing flares and are quote very close to an RAAFA poseidon. 63 00:03:51,840 --> 00:03:57,040 Speaker 1: Beijing accused Canberra of seriously violating China's sovereignty and demanded 64 00:03:57,080 --> 00:04:01,600 Speaker 1: provocation stop. Foreign Minister Penny Wong has described the incident 65 00:04:01,680 --> 00:04:07,320 Speaker 1: as unsafe and unprofessional, saying Australia would continue lawful overflights 66 00:04:07,840 --> 00:04:10,680 Speaker 1: and finally storry number five. The fallout continues from the 67 00:04:10,680 --> 00:04:15,480 Speaker 1: major Amazon Web services outage overnight. The two hour outage, 68 00:04:15,520 --> 00:04:18,600 Speaker 1: which originated in the US, actually knocked out websites and 69 00:04:18,600 --> 00:04:22,440 Speaker 1: apps from WhatsApp to Tinder, and banks and retailers and 70 00:04:22,480 --> 00:04:26,200 Speaker 1: media outlets all affected. Millions of users around the world 71 00:04:26,240 --> 00:04:29,560 Speaker 1: reported problems, mostly in the US and the UK. The 72 00:04:29,640 --> 00:04:32,320 Speaker 1: of course, sites in Australia were affected too, with many 73 00:04:32,360 --> 00:04:35,839 Speaker 1: sites and apps still warning of disruptions to services. Today. 74 00:04:36,240 --> 00:04:40,680 Speaker 1: Amazon blamed an internal traffic balancing fault at its Northern 75 00:04:40,760 --> 00:04:45,000 Speaker 1: Virginia data center experts say, though, that the incident highlights 76 00:04:45,040 --> 00:04:48,640 Speaker 1: the fragility of the Internet's reliance on just a handful 77 00:04:48,680 --> 00:04:51,920 Speaker 1: of big cloud providers. That's it for the Afternoon Report 78 00:04:51,960 --> 00:04:54,640 Speaker 1: for Tuesday, the twenty first of October. Make sure you 79 00:04:54,680 --> 00:04:57,800 Speaker 1: hit follow on the podcast and head along to Fearandgreed 80 00:04:57,839 --> 00:05:00,159 Speaker 1: dot com dot au and sign up for our free 81 00:05:00,000 --> 00:05:02,560 Speaker 1: the daily newsletter. I'll put a link in today's show 82 00:05:02,560 --> 00:05:05,159 Speaker 1: notes as well. I'm Mark Thompson. Enjoy your evening.