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Speaker 1: Welcome to Fear and Greed business news you can use today.

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Speaker 1: The National Cabinet will pursue much tougher gun laws as

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Speaker 1: the federal government faces criticism for not doing enough to

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Speaker 1: stop anti Semitism following Sunday's massacre in Bondai. Corporate regulator

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Speaker 1: ASSEK comes down hard on the ASX, and one of

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Speaker 1: Australia's largest cattle properties is sold for more than three

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Speaker 1: hundred million dollars. Plus Elon Musk's SpaceX is valued at

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Speaker 1: eight hundred billion US dollars and incredible new footage shows

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Speaker 1: killer whales hunting in tandem with dolphins. It is Tuesday,

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Speaker 1: the sixteenth of December twenty twenty five. I'm Michael Thompson

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Speaker 1: and good morning, Sean Aylmer.

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Speaker 2: Good morning, Michael, Sean the.

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Speaker 1: Main story this morning. The National Cabinet will pursue tighter

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Speaker 1: gun laws, including banning non citizens from owning firearms, as

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Speaker 1: the Federal government faces calls for an inquiry into the

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Speaker 1: failure of AZIO to prevent the massacre at Bondai on Sunday.

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Speaker 2: And Prime Minister Anthony Alberanezi is also facing criticism about

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Speaker 2: his government's failure to combat anti Semitism, and the argument

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Speaker 2: is that party a role in the attack. Yesterday, the

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Speaker 2: Prime Minister pledged to boost a fund that provides security

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Speaker 2: for Jewish people and their institutions, and held a meeting

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Speaker 2: with state and territory leaders yesterday afternoon. The leaders agreed

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Speaker 2: to pursue nationally uniform laws that would limit the number

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Speaker 2: of firearms a person could own, abolish open ended gun

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Speaker 2: licenses by subjecting them to periodic review, ban the types

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Speaker 2: of weapons used in Sunday's massacre, and limit gun licenses

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Speaker 2: to Australian citizens. The Prime Minister called for the same

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Speaker 2: support that allowed John Howard to ban semi automatic weapons

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Speaker 2: after the nineteen ninety six Port Arthur massacre.

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Speaker 1: Opposition leader Susan Lee has said that it's too early

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Speaker 1: to discuss gun laws, as she was criticizing the Labor

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Speaker 1: government for failing to keep Jewish Shadow Attorney General Mikaylia

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Speaker 1: Cash has called for a quote sensible discussion on values

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Speaker 1: based immigration, while Opposition backbencher Andrew Hasty has called for

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Speaker 1: a rethink of migration policy.

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Speaker 2: Yes, so, I think the immigration debate is kind of

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Speaker 2: what comes next right now. The basic charge against the

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Speaker 2: government is that it hasn't been tough enough in responding

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Speaker 2: to acts of violence against Jews and Jewish institutions, and

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Speaker 2: there've been too tolerant of public displays of hatred and

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Speaker 2: anti semitism on university campuses and in the streets. That's

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Speaker 2: according to the Finn Review. Critics said the government has

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Speaker 2: allowed some of the nation's most famous landmarks, the Harbor

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Speaker 2: Bridge the Opera House, to be used as backdrops for hatred.

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Speaker 2: The government's also been criticized for ignoring its Special Envoy

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Speaker 2: on Anti Semitism, Jillian Siegel, and her recommendations that she

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Speaker 2: put forward in July to stamp down on it.

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Speaker 1: Now, just recapping what we already know now sean fifteen

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Speaker 1: people were killed by the gunman and a further forty

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Speaker 1: were injured, including two police officers. The gunmen were father

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Speaker 1: and son, Serjd and Navid Akram. The fifty year old

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Speaker 1: father died in the gunfight on Sunday, while the twenty

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Speaker 1: four year old son is in a coma in hospital,

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Speaker 1: and police have ruled out the involvement of a third attacker.

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Speaker 2: While the father migrated to Australia and was not an

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Speaker 2: Australian citizen, the son was born and educated in Sydney.

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Speaker 2: He had come to Asier's attention in twenty nineteen and

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Speaker 2: was watched for six months over an association with a

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Speaker 2: Sydney based Islamic cel, but was assessed as not being

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Speaker 2: an ongoing threat. That is where the criticism of Asia

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Speaker 2: came in. Yesterday, the tragedy has claimed the lives, as

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Speaker 2: you said, Michael, of fifteen people to local rabbis, a

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Speaker 2: French national Holocaust survivor, a great grandfather, and a ten

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Speaker 2: year old girl called Matilda, among others. Of the twenty

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Speaker 2: seven victims still in hospital, twelve are in a critical condition.

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Speaker 2: Flowers were laid outside the bondlike pavilion near where the

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Speaker 2: shooting spree began, and in Sydney long Que's form to

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Speaker 2: give blood after the state Premier Chris Men's appealed for donations.

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Speaker 2: In fact, Michael, it was the biggest single blood donation

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Speaker 2: day since the two thousand and nine Black Saturday bushfires

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Speaker 2: in Victoria. Massacre triggered global condemnation of the attacks and

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Speaker 2: sympathy for the victims and their families, from US President

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Speaker 2: Donald Trump to European leaders, while Israel President Benjamin Netanyahu

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Speaker 2: blamed Anthony Albanizi for not cracking down on anti Semitism

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Speaker 2: in Australia.

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Speaker 1: And there is something quite remarkable that came out of

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Speaker 1: everything on Sunday evening, the heroics of Armad al Ahmad,

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Speaker 1: who was the fruit shop owner who wrestled with one

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Speaker 1: of the gunmen and took a rifle off him at

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Speaker 1: incredible risk to his own personal safety. He has been

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Speaker 1: recognized from everywhere basically around the world, from US President

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Speaker 1: Donald Trump, who applauded his bravery, to the Bill and

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Speaker 1: a hedge fund manager Bill Ackman, who donated ninety nine

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Speaker 1: hundred and ninety nine dollars to a fundraiser supporting Armit.

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Speaker 2: Yes, a go fund page was quickly set up to

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Speaker 2: support Armored, who was injured in the attack last night.

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Speaker 2: Media reports suggest he may lose his left arm, which

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Speaker 2: was hit by five bullets, though he was in pretty

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Speaker 2: good spirits. Chris Mins, the state premier, visited him. Michael

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Speaker 2: I dare say his bravery will be truly a lasting

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Speaker 2: imbach of the terror attack. Within hours his go fund

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Speaker 2: page he had raised two hundred and fifty thousand dollars

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Speaker 2: for him. Also, the ten year old girl who has

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Speaker 2: killed Matilda. She's also had a go fund me page

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Speaker 2: put up last night that had raised nearly three hundred

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Speaker 2: thousand dollars.

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Speaker 1: All right, we're going to take a quick break. We'll

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Speaker 1: be back in a moment with the rest of the

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Speaker 1: day's business news. Sean ASX Limited, the company that is,

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Speaker 1: will lower its dividend payout to pay for reforms demanded

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Speaker 1: by the corporate regulator following an inquiry into the market.

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Speaker 2: Operator AX and ASEX have agreed to a strategic package

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Speaker 2: of action designed to improve confidence in the AX as

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Speaker 2: a provider of critical infrastructure. ASSEX report calls for stronger

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Speaker 2: independence and governance at ax's clearance and settlement facilities board,

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Speaker 2: an extra one hundred and fifty million dollars capital charge

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Speaker 2: on the AX, and a commitment to stronger leadership. ASX

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Speaker 2: will also be forced to reset its long running Accelerate

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Speaker 2: Transformation project. Basically that one hasn't worked. ASSEX chair Jo

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Speaker 2: Longo called the deal a circuit breaker and in that

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Speaker 2: AX needs to emprace a new era of accountability, investment

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Speaker 2: and stewardship to increase confidence and meet the expectations of

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Speaker 2: the market in the Australian public. ASX limited share price

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Speaker 2: closed down six percent yesterday.

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Speaker 1: What happens now sean with that? Because obviously we had

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Speaker 1: the most re a problem with the AX was the

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Speaker 1: when those price sensitive announcements weren't being published and that

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Speaker 1: that affected a number of companies. Is it the case

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Speaker 1: of if there is one more incident, is it kind

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Speaker 1: of a final strike and kind of heads will roll?

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Speaker 1: Or is this designed to hopefully fix some of those problems?

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Speaker 2: What do you do? We still need an AX. We

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Speaker 2: don't actually have an alternate. Cibo was going to come

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Speaker 2: in as an alternate, but it was sold, so we

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Speaker 2: don't know where that one ends up at the moment. AX.

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Speaker 2: I mean, the whole idea of actually slowing its Accelerate

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Speaker 2: Transformation project is to ensure that the market continues to

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Speaker 2: operate reasonably, transparently and efficiently. Maybe not efficiently, but it's

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Speaker 2: a real problem because there is no option and we

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Speaker 2: need the ASEX to work.

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Speaker 1: No, no, it's not an easy fix this one.

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Speaker 2: Now.

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Speaker 1: Treasury Winer States, owner of Penfolds and one of the

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Speaker 1: worst performing ASX two hundred stocks over the past year,

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Speaker 1: really into a trading halt, with analysts expecting another significant

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Speaker 1: earnings down great.

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Speaker 2: The halt took effect yesterday morning and will last until tomorrow,

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Speaker 2: pending more news from Treasury. The company said it's in

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Speaker 2: the final stages of preparing an update on the company's

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Speaker 2: outlook ominous. It already had an investor in analyst call

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Speaker 2: schedule for tomorrow. The omens are not good at Treasury.

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Speaker 2: Share prices lost more than half of its value in

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Speaker 2: the past year, and last month it announced a write

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Speaker 2: down of its US business of at least six hundred

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Speaker 2: and eighty seven million dollars. We probably will get something today,

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Speaker 2: if night, it'll be tomorrow morning before the market opens,

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Speaker 2: and it's probably not going to be good news.

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Speaker 1: No, it doesn't sound like it. The signs aren't good.

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Speaker 1: BHP Sean led the broader market down yesterday. It dropped

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Speaker 1: three percent, while Rio Tinto and four Deescue Medals were

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Speaker 1: also sold off.

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Speaker 2: Yeah, those stocks did well last week, so there's a

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Speaker 2: fair bit of profit taking going on yesterday, particularly as

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Speaker 2: some commodity prices fell back by the closed yes and

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Speaker 2: PA six two hundred finish down zero point seven percent

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Speaker 2: to eighty six hundred and thirty five points. Even the

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Speaker 2: gold miners were sold on. Michael Evolution Mining Northern Star

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Speaker 2: both falling. The lithium players like PLA and Liontown Resources

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Speaker 2: were dumped, as with the uranium stocks. The major banks

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Speaker 2: were mixed, while consumers discretionary stocks did pretty well. Jbhi

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Speaker 2: Fi was one of the better ones. Yesterday, Coles and

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Speaker 2: Woolli's locks ground following news on Sunday that the ahriple

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Speaker 2: c put the supermarkets on alert over price gouging.

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Speaker 1: Now PLA, that would be PLS, wouldn't it instead of

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Speaker 1: the People's Liberation Armyla's probably.

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Speaker 2: Gilbral Minroals PLS. I apologize, that's all right.

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Speaker 1: I don't think the People's Liberation Army has a huge

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Speaker 1: amount to do with lithium. Now, I don't know. I

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Speaker 1: don't know about this next story show and the competition

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Speaker 1: Watchdogs September quarter petroleum market report has found that average

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Speaker 1: retail prices in the five largest cities increased in the quarter,

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Speaker 1: but were lower than twenty twenty f four levels. It

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Speaker 1: just doesn't feel like it.

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Speaker 2: I think petrol prices haven't been too bad.

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Speaker 1: I mean, I suppose the problem is you're filling up

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Speaker 1: with petrol. I'm filling up with diesel. And the two

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Speaker 1: are completely different at all times.

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Speaker 2: Yes, right, that's true. That's true. What I did, I

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Speaker 2: have noticed the gap because I travel to the country

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Speaker 2: quite a bit. The gap between metro and regional petrol

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Speaker 2: prices has narrowed. Okay, that's good news for regional Australium.

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Speaker 2: The actually C report also examined the uptake of electric vehicles.

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Speaker 2: Nine point seven percent of new vehicles sold were battery electric.

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Speaker 2: You're trying to plug in hybrids about almost fourteen percent

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Speaker 2: over September quarter. The government has directed the AGABC to

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Speaker 2: extend the monitoring program of petrol prices for another five years.

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Speaker 1: Fourdes Q has agreed to acquire the remaining sixty four

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Speaker 1: percent of alter Copper it does not already own for

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Speaker 1: one hundred and fifty two million dollars, moving to full

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Speaker 1: control of the Canadian listed company.

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Speaker 2: Yeah. Under this transaction, Altero Copper shareholders will receive cash

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Speaker 2: at a fifty percent premium to the group's share price

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Speaker 2: over the past month or so. The acquisition gives fortescue

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Speaker 2: full ownership of several projects in northern Peru. Our resent

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Speaker 2: study suggests the development of the main project will cost

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Speaker 2: about three point three billion dollars to bill, so it

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Speaker 2: isn't a small chunk of money, but obviously Fortescue is

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Speaker 2: backing it.

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Speaker 1: One of Australia's largest cattle properties, the Beataloo Station in

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Speaker 1: the Northern Territory, has been sold for a casual three

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Speaker 1: hundred and fifteen million dollars shorn.

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Speaker 2: Very cool property. This one. Consolidated Pastoral Company bought the

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Speaker 2: property from billionaire retailer Brett Blundy and the Armstrong family.

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Speaker 2: According to the Australian Properties over one million hectares it

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Speaker 2: can run ninety thousand cattle sale. At the moment there's

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Speaker 2: about eighty thousand cattle on it, so the sale includes that.

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Speaker 2: It's seven hundred and fifty klometers southeast of Darwin, close

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Speaker 2: to the Stuart high Way, pretty much the middle of

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Speaker 2: the Northern Territory. It actually began operating in the eight

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Speaker 2: a nineties. Occupies about ten and a half one thousand

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Speaker 2: square kilometers. It's hard to get your head around, shame

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Speaker 2: it is famous. In recent years it's had some issues

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Speaker 2: me in certainly around environment, but it's actually known for

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Speaker 2: its innovation around the use of water. It has been

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Speaker 2: on sale for a while in a CPC. The Consolidated

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Speaker 2: pastoral company. It's an Australian company but owned by British Equity.

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Speaker 2: Operates here in Indonesia. It runs hundreds of thousands of cattle,

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Speaker 2: some sheep and cropping.

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Speaker 1: Yeah, three hundred and fifteen million dollars might sound like

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Speaker 1: a lot, but it is nothing compared to this next

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Speaker 1: story Sean in International News. Elon Musk's SpaceX is working

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Speaker 1: towards an eight hundred billion US dollar initial public offering

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Speaker 1: next year. After an inside share sale set the value

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Speaker 1: of the rocket and satellite maker.

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Speaker 2: It would be the largest IPO of all time. Over

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Speaker 2: the weekend, SpaceX set it's preparing for a possible public

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Speaker 2: offering in twenty twenty six that would be aimed at

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Speaker 2: funding an insane flight rate. It's words for its developmental

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Speaker 2: starship rocket, artificial intelligence, data centers in space, and a

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Speaker 2: base on the Moon. Of course, the latest valuation is

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Speaker 2: about twice the previous valuation in Jaily. Now, when we

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Speaker 2: always think of inside a share sales, we think it's bad,

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Speaker 2: But in this instance, it's just someone who is close

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Speaker 2: to the company, probably an employee, selling some shares, So

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Speaker 2: you've got a value days. That's what's happening. It Also

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Speaker 2: the valuation eight hundred billion US. What's about one point

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Speaker 2: to get at one point two Ossie, I'd say trillion trillion.

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Speaker 2: The latest valuation about twice the previous valuation in July,

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Speaker 2: pushes the company beyond the previous record for a private

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Speaker 2: company of half a trillion US, so five hundred billion

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Speaker 2: US that was chat GPT owner open AI that was

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Speaker 2: set in October. This is even bigger.

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Speaker 1: That is huge. Imagine having to list in order to

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Speaker 1: raise funds to build a base on the Moon is

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Speaker 1: the most elon must thing I've ever heard. That is amazing.

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Speaker 1: Now scientists have captured rare footage and it's quite incredible

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Speaker 1: to watch this of killer whales and Pacific white sided

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Speaker 1: dolphins hunting together near the coast of British Columbia and Canada.

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Speaker 2: Very cool. Despite their common name killer whale orcers are

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Speaker 2: actually the largest species of dolphin. The findings, published in

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Speaker 2: the journal Nature Scientific Reports, is the first recorded evidence

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Speaker 2: of the two working together, according to researchers. The BBC

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Speaker 2: reported that they studied the mammals using drones and camera

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Speaker 2: tags to understand feeding behavior. The footage is incredible. Just

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Speaker 2: before the show, you were saying you were watching it.

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Speaker 2: Not only were the killer whales orienting themselves towards dolphins

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Speaker 2: at the surface, but when the dolphins started to dive,

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Speaker 2: the killer whales would start to dive as well. The

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Speaker 2: two species also appeared to evesdrop on each other's sounds.

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Speaker 2: This is according to researchers from Dollhouse University in Canada.

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Speaker 2: It is worth watching it because it is quite amazing

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Speaker 2: how in synct they are this huge killer whale with

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Speaker 2: these dolphins.

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Speaker 1: Yeah, and then there's the payoff in that the orcas

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Speaker 1: go in and make the attack the prey and kind

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Speaker 1: of tear it apart, and then the dolphins go in

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Speaker 1: and have their share as well. It is nature working together.

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Speaker 1: It's incredible. Up next, Sean is Fear and Greed Q

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Speaker 1: and A. You're speaking today with Tim Carlton from oz

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Speaker 1: cap Asset Management.

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Speaker 2: So we just go through a few stocks he likes

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Speaker 2: and sector is he likes healthcare property. We are talking

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Speaker 2: about what happens in like an interest rate environment where

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Speaker 2: rates are on hold or potentially rising. And so funny

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Speaker 2: that because probably companies shouldn't do well when rates rise,

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Speaker 2: healthcare maybe they do. He also throws in just a

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Speaker 2: left field suggestion. Not in healthcare or property either, well

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Speaker 2: worth a listen.

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Speaker 1: It's an investing curveball. It's a good one that's coming

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Speaker 1: up next in the Fear and Greed playlist on your

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Speaker 1: podcast platform or at Fearangreed dot com dot au. Thank

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Speaker 1: you Sean, Thank you Michael. It's Tuesday, the sixteenth of

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Speaker 1: December twenty twenty five. Make sure you're following the podcast

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Speaker 1: and please join us online on LinkedIn, Instagram, x TikTok

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Speaker 1: and Facebook. I'm Michael Thompson and that was Fear and Greed.

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Speaker 1: Had a great day.