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

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Speaker 1: for Tuesday, the tenth of February twenty twenty six. Oh

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Speaker 1: Michael Thompson, and every afternoon. We've got five stories that

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Speaker 1: happen today that you need to know about. Let's go

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Speaker 1: a story number one. The SMPA is Sex two hundred

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Speaker 1: closed zero point two percent higher today to eight eight

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Speaker 1: hundred and eighty seven points. Nine of the eleven sectors

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Speaker 1: gained ground today. Technology led the way for a second

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Speaker 1: day in a row after a big sell off last week. Next, DC,

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Speaker 1: Megaport and Cloud Accounting Group zero were all higher. Are

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Speaker 1: uranium miners, including Paladin and Deep Yellow both surge. They

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Speaker 1: were both sold off hard last week over concerns about

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Speaker 1: future nuclear power demand for AI. And while we're on

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Speaker 1: the topic of AI, the launch of a new AI

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Speaker 1: tool in the US has raised the specter of disruption

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Speaker 1: to the insurance industry. Steadfast fell nine and a half

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Speaker 1: percent today, IAG was off more than six percent. QBE

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Speaker 1: down more than three percent. It was a good day

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Speaker 1: though for the big miners. BHP and Rio Tinto both

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Speaker 1: closed higher, and the CEO of CSL is retiring, Doctor

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Speaker 1: Paul Mackenzie stepping down after seven years at the health

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Speaker 1: giant and three years in the top job, and before

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Speaker 1: we move on from markets, a very quick mention of

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Speaker 1: the Aussie dollar. It came mighty close to cracking the

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Speaker 1: seventy one uscent mark today, reaching seventy point nine to

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Speaker 1: eight US sins before dropping back ever so slightly. On

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Speaker 1: to story number two, nine people have been charged following

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Speaker 1: a Sydney protest over the visit of Israel's President Isaac

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Speaker 1: Hertzog to Australia. Police have confirmed twenty seven arrests were

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Speaker 1: made after part of the crowd attempted to push past

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Speaker 1: offices outside town Hall last night. The charges come ahead

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Speaker 1: of another protest planned outside of Sydney Police station tonight,

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Speaker 1: sparked by concerns over police conduct. Sydney Lord Mayor Clover

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Speaker 1: Moore has called for an independent investigation, describing the scenes

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Speaker 1: as distressing and unrecogniz for the city, but New South

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Speaker 1: Wales Premier Chris Mins has defended the actions of police,

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Speaker 1: saying officers were put in an impossible situation. Story number three.

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Speaker 1: New polling suggests one nation surge in support may not

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Speaker 1: actually translate into seats at a federal election because of

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Speaker 1: weak preference flows. This is really an update to a

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Speaker 1: story that I talked about yesterday afternoon. More newspot data

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Speaker 1: in the Australia now shows that despite One Nation having

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Speaker 1: a record high primary vote, if an election had been

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Speaker 1: held last week, the party would have received just twenty

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Speaker 1: nine percent of preferences from coalition, Greens and independent voters.

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Speaker 1: Around half of those voters would preference Labor ahead of

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Speaker 1: One Nation, while about one in five said they didn't

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Speaker 1: know or would just follow the party how to vote

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Speaker 1: cards that you get as you're walking in to vote.

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Speaker 1: Liberal voter preferences were split. Nationals voters overwhelmingly favored One Nation,

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Speaker 1: Green's voters strongly favored labor. End result. Is it all

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Speaker 1: just highlights how the the Albanesi governments benefiting continuously now

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Speaker 1: from the fragmentation of the conservative vote. Story Number four.

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Speaker 1: A major union is pushing to make working from home

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Speaker 1: a default right for more than a million office workers,

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Speaker 1: with the matter coming before the Fair Work Commission today.

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Speaker 1: Polling commissioned by the Australian Services Union shows that eighty

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Speaker 1: seven percent of workers support a formal right to work remotely,

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Speaker 1: with sixty percent saying it should actually be the default

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Speaker 1: wherever the job allows. The union wants employee requests for

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Speaker 1: remote work to be presumed approved and for employers to

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Speaker 1: give six months notice before forcing staff back to the office.

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Speaker 1: Employer groups argue that most requests are actually already being

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Speaker 1: approved and worn against locking rigid rules into workplace awards.

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Speaker 1: And finally, story number five, competition between airlines continues to

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Speaker 1: heat up, with Quantus launching what it says is its

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Speaker 1: largest domestic airfare sale in five years, cutting price on

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Speaker 1: nearly two million seats across twenty five different routes. Quantas

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Speaker 1: says the six days sale is designed to boost domestic

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Speaker 1: travel and reconnect Australians with regional destinations, but it comes

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Speaker 1: hot on the heels of a battle with Virgin Australia

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Speaker 1: over economy upgrades. We're talking last week about the airlines

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Speaker 1: launching these sales for seats with more leg room and

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Speaker 1: priority boarding, and at the same time the airlines are

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Speaker 1: criticizing the complexity of new consumer protections that are being

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Speaker 1: introduced into law this year. They say that these reforms,

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Speaker 1: which set really minimum service standards for the industry, as

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Speaker 1: well as some guidelines around what passengers can expect from

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Speaker 1: airlines if their flights are late or canceled that these

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Speaker 1: reforms could in fact increase prices for passengers. So there

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Speaker 1: you go. That's it for the Afternoon Report for Tuesday,

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Speaker 1: the tenth of February. Make sure you're following the podcast,

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Speaker 1: and please head along to Fear and Greed dot com

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Speaker 1: dot au to sign up for our free daily newsletter.

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Speaker 1: I'm Michael Thompson. Enjoy your evening,