1 00:00:03,520 --> 00:00:06,440 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,480 --> 00:00:09,600 Speaker 1: for Monday, the sixteenth of March twenty twenty six. I'm 3 00:00:09,600 --> 00:00:12,280 Speaker 1: Michaele Thompson, and every afternoon we've got the five stories 4 00:00:12,280 --> 00:00:14,280 Speaker 1: that happened today that you need to know about. Let's 5 00:00:14,320 --> 00:00:16,560 Speaker 1: go a story number one. The S and p ASX 6 00:00:16,560 --> 00:00:20,320 Speaker 1: two hundred fell zero point four percent today to eighty 7 00:00:20,400 --> 00:00:23,880 Speaker 1: five hundred and eighty three points, hitting a three month low. 8 00:00:24,160 --> 00:00:26,760 Speaker 1: There's mining stocks that really led the market lower today. 9 00:00:26,840 --> 00:00:31,400 Speaker 1: BHP was down just over one percent. Rio Tinto dropped 10 00:00:31,400 --> 00:00:34,440 Speaker 1: two percent four Diescuse slid nearly four percent as iron 11 00:00:34,479 --> 00:00:38,800 Speaker 1: ore prices eased. South thirty two was almost six percent 12 00:00:38,920 --> 00:00:43,360 Speaker 1: down after putting an aluminium smelter in Mozambique into care 13 00:00:43,440 --> 00:00:48,360 Speaker 1: and maintenance mode. Gold miners also declined as the price 14 00:00:48,640 --> 00:00:51,640 Speaker 1: of the precious metal slipped slightly, though it's still around 15 00:00:51,640 --> 00:00:56,000 Speaker 1: five thousand US dollars an ounce. Newmont fell just over 16 00:00:56,080 --> 00:01:00,120 Speaker 1: four percent, Regis Resources dropped more than eight percent. The 17 00:01:00,160 --> 00:01:04,160 Speaker 1: big banks were mixed ahead of tomorrow's Reserve Bank decision, 18 00:01:04,240 --> 00:01:07,840 Speaker 1: with interest rates widely tipped to rise when that decision 19 00:01:07,920 --> 00:01:12,880 Speaker 1: is announced tomorrow afternoon. Unsurprisingly, today energy stocks bucked the 20 00:01:13,000 --> 00:01:16,440 Speaker 1: trend as oil prices remained elevated due to the conflict 21 00:01:16,520 --> 00:01:19,280 Speaker 1: in the Middle East. Both Woodside and Santos were up 22 00:01:19,319 --> 00:01:22,600 Speaker 1: around two percent today. The situation in the Middle East 23 00:01:22,640 --> 00:01:26,520 Speaker 1: is still very, very volatile. A drone attack near Dubai 24 00:01:26,560 --> 00:01:29,760 Speaker 1: International Airport has forced an Emirates flight from Melbourne to 25 00:01:29,800 --> 00:01:33,320 Speaker 1: be diverted and other flights suspended. We will of course 26 00:01:33,360 --> 00:01:36,640 Speaker 1: have more on this tomorrow morning. On to story number two. 27 00:01:36,680 --> 00:01:40,640 Speaker 1: Now and support for Pauline Hanson's One Nation has surged 28 00:01:40,720 --> 00:01:43,479 Speaker 1: past the Coalition, with the party now appearing to take 29 00:01:43,560 --> 00:01:47,400 Speaker 1: votes from Labor as well. The Resolve political monitor in 30 00:01:47,520 --> 00:01:51,760 Speaker 1: nine newspapers shows One Nation's primary vote rising to twenty 31 00:01:51,800 --> 00:01:55,240 Speaker 1: four percent, ahead of the Coalition on twenty two percent 32 00:01:55,640 --> 00:01:58,480 Speaker 1: and Labor, which is still well ahead on twenty nine percent. 33 00:01:58,880 --> 00:02:01,560 Speaker 1: The results come after the Liberal Party, of course, replaced 34 00:02:01,600 --> 00:02:05,400 Speaker 1: Susan Lee with Angus Taylor as opposition leader, and while 35 00:02:05,480 --> 00:02:10,679 Speaker 1: Angus Taylor's personal approval rating is significantly higher than his predecessors, 36 00:02:11,120 --> 00:02:14,320 Speaker 1: that change and that benefit hasn't actually flowed through to 37 00:02:14,440 --> 00:02:18,720 Speaker 1: overall support for the coalition. Half of the voters polled 38 00:02:18,880 --> 00:02:22,000 Speaker 1: now say they would back a party outside Labor or 39 00:02:22,040 --> 00:02:25,919 Speaker 1: the Coalition, reflecting a sharp rise in support for minor 40 00:02:25,960 --> 00:02:29,280 Speaker 1: parties and independents. Onto story number three, which is very 41 00:02:29,360 --> 00:02:32,440 Speaker 1: much linked to story number two really. Former Deputy Prime 42 00:02:32,440 --> 00:02:36,080 Speaker 1: Minister Michael McCormack has returned to the Coalition front bench, 43 00:02:36,680 --> 00:02:40,760 Speaker 1: with new Nationals Leader Matt Canavan reshaping the party's lineup, 44 00:02:41,120 --> 00:02:44,880 Speaker 1: describing the team as a posse of patriots. Former Nationals 45 00:02:44,960 --> 00:02:47,520 Speaker 1: Leader David little Proud has been removed from Shadow Cabinet 46 00:02:47,560 --> 00:02:50,840 Speaker 1: but will remain on the front bench as Emergency Services Spokesman. 47 00:02:51,200 --> 00:02:55,120 Speaker 1: Senator Canavan will take on the Trade, Investment and Tourism portfolios. 48 00:02:55,200 --> 00:02:58,200 Speaker 1: Darren Chester has been promoted to Deputy Nationals Leader and 49 00:02:58,240 --> 00:03:02,720 Speaker 1: will handle Agriculture of Fishery and Forestry of Kevin Hogan 50 00:03:02,840 --> 00:03:07,240 Speaker 1: will move into Shadow Cabinet as Assistant Treasury Spokesman. In 51 00:03:07,320 --> 00:03:10,760 Speaker 1: announcing the new lineup, Matt Canavan said, with this team, 52 00:03:10,800 --> 00:03:13,160 Speaker 1: we have a posse of patriots who love our country 53 00:03:13,200 --> 00:03:15,440 Speaker 1: and just want to see more of Australia. We want 54 00:03:15,560 --> 00:03:21,120 Speaker 1: more Australian mining, manufacturing, farming jobs, more Australian everything and 55 00:03:21,240 --> 00:03:25,480 Speaker 1: Story number four. Media executive Anthony Cardalano has taken leave 56 00:03:25,680 --> 00:03:28,600 Speaker 1: from the boards of two listed companies after being charged 57 00:03:28,600 --> 00:03:32,080 Speaker 1: with assault and other offenses. Cardialano stepped down as an 58 00:03:32,160 --> 00:03:36,000 Speaker 1: executive director of Keybridge Capital and Yowie Group days after 59 00:03:36,040 --> 00:03:40,200 Speaker 1: standing aside as executive chairman of Australian Community Media, the 60 00:03:40,240 --> 00:03:43,440 Speaker 1: regional media company that owns the Newcastle Herald and The 61 00:03:43,480 --> 00:03:46,080 Speaker 1: Canberra Times, as well as a bunch of other assets. 62 00:03:46,640 --> 00:03:50,800 Speaker 1: Victoria Police have charged him with assault, false imprisonment and 63 00:03:50,840 --> 00:03:53,600 Speaker 1: making threats to kill a woman in an alleged incident 64 00:03:53,600 --> 00:03:57,800 Speaker 1: that left her with serious injuries. Business partner Alex Weislitz 65 00:03:58,000 --> 00:04:03,320 Speaker 1: has described the allegations against Cadillano as incredibly confronting and concerning, 66 00:04:03,640 --> 00:04:06,520 Speaker 1: and said staff across the businesses would be supported while 67 00:04:06,520 --> 00:04:10,920 Speaker 1: the companies continue to operate in Cadillano's absence. And finally, 68 00:04:10,920 --> 00:04:13,480 Speaker 1: story number five, bit of a change of pace for 69 00:04:13,520 --> 00:04:16,800 Speaker 1: this one. The twenty twenty six Oscars has wrapped up today. 70 00:04:17,200 --> 00:04:20,320 Speaker 1: It's in Hollywood, of course, Jesse Buckley and Michael B. 71 00:04:20,600 --> 00:04:24,400 Speaker 1: Jordan taking home the night's biggest acting awards. Director Paul 72 00:04:24,480 --> 00:04:28,040 Speaker 1: Thomas Anderson dominated the ceremony, winning Best Director and Best 73 00:04:28,040 --> 00:04:32,280 Speaker 1: Picture for One Battle after Another, along with Best Adapted Screenplay. 74 00:04:32,720 --> 00:04:35,200 Speaker 1: The big rivalry of the night. It was between that 75 00:04:35,360 --> 00:04:38,160 Speaker 1: movie One Battle after Another, which won six Oscars, and 76 00:04:38,200 --> 00:04:41,280 Speaker 1: the film Sinners, which had the most nominations this year. 77 00:04:41,320 --> 00:04:43,920 Speaker 1: It took home four awards in the end, including Best 78 00:04:44,000 --> 00:04:48,200 Speaker 1: Actor for Michael B. Jordan, Best Cinematography, and Best Original Screenplay. 79 00:04:48,680 --> 00:04:51,000 Speaker 1: Not a great night for the Australians though. We had 80 00:04:51,000 --> 00:04:54,880 Speaker 1: five nominations, including actors Rose Byrne and Jacob Belordi, but 81 00:04:55,160 --> 00:05:00,400 Speaker 1: no wins. Unfortunately. Comedian Conan O'Brien hosted the event and 82 00:05:00,480 --> 00:05:05,320 Speaker 1: taking aim at basically everything, including Ai declaring himself to 83 00:05:05,360 --> 00:05:08,839 Speaker 1: be the last human host of the Oscars. That's it 84 00:05:09,000 --> 00:05:12,120 Speaker 1: for the afternoon report for Monday, the sixteenth of March. 85 00:05:12,160 --> 00:05:14,760 Speaker 1: Make sure you're following the podcast and headlong to Fearangreed 86 00:05:14,839 --> 00:05:16,400 Speaker 1: dot com dot A you to sign up for our 87 00:05:16,440 --> 00:05:19,839 Speaker 1: pre daily newsletter. I'm Michael Thompson. Joy your evening.