1
00:00:03,520 --> 00:00:05,800
Speaker 1: Welcome to the Fear and Greed Business News. The Afternoon

2
00:00:05,800 --> 00:00:08,840
Speaker 1: Report for Friday, the nineteenth of September twenty twenty five.

3
00:00:08,880 --> 00:00:11,720
Speaker 1: I'm Sean Elmer. Every afternoon, we've got the five stories

4
00:00:11,720 --> 00:00:13,720
Speaker 1: that happened today that you need to know about. Story Num.

5
00:00:13,800 --> 00:00:16,120
Speaker 1: One in the Australian share market and courage by fresh

6
00:00:16,200 --> 00:00:19,800
Speaker 1: record hires on Wall Street Rose today finished up zero

7
00:00:19,880 --> 00:00:22,800
Speaker 1: point three percent to eighty seven hundred and seventy four points.

8
00:00:23,160 --> 00:00:25,319
Speaker 1: For the week, it was down one percent, which was

9
00:00:25,360 --> 00:00:29,360
Speaker 1: the third consecutive week of decline. Healthcare stocks led the

10
00:00:29,400 --> 00:00:32,440
Speaker 1: way today, with Telex Pharmaceuticals and Promedicas both rising. The

11
00:00:32,440 --> 00:00:36,480
Speaker 1: big miners dropped, while goldstocks rose. Energy companies, will hire

12
00:00:36,800 --> 00:00:39,120
Speaker 1: and the big banks were mixed. Storry number two, Prime

13
00:00:39,159 --> 00:00:43,000
Speaker 1: Minister Anthony Albernezi is heading off to the United States

14
00:00:43,040 --> 00:00:45,479
Speaker 1: without having secured a one on one meeting with President

15
00:00:45,520 --> 00:00:49,120
Speaker 1: Donald Trump. Alberanzi is departing for the United Nations General

16
00:00:49,120 --> 00:00:52,199
Speaker 1: Assembly in New York. There's been plenty of political pressure

17
00:00:52,560 --> 00:00:55,440
Speaker 1: on the PM to get an audience with Trump, but

18
00:00:55,680 --> 00:00:58,200
Speaker 1: if they meet, it's likely to be a brief encounter,

19
00:00:58,400 --> 00:01:02,160
Speaker 1: possibly an informal pull side, as they call it that's

20
00:01:02,160 --> 00:01:04,840
Speaker 1: on the sidelines of a reception Trump is hosting on

21
00:01:04,920 --> 00:01:08,759
Speaker 1: Tuesday night. There is no expectation of a formal meeting

22
00:01:08,800 --> 00:01:10,720
Speaker 1: at the White House or a joint press conference with

23
00:01:10,760 --> 00:01:14,319
Speaker 1: both leaders. Alberanzi has had a tough week in foreign policy,

24
00:01:14,640 --> 00:01:17,760
Speaker 1: failing to finalize agreements during visits to Vanawatu and Papi

25
00:01:17,840 --> 00:01:21,880
Speaker 1: Want New Guinea. He'll be hoping his luck changes next week. Sorry.

26
00:01:21,959 --> 00:01:25,120
Speaker 1: Number three ACIK chair Joe Longo will not seek reappointment

27
00:01:25,120 --> 00:01:27,080
Speaker 1: when his term ends in May, with the government to

28
00:01:27,120 --> 00:01:29,240
Speaker 1: find a new head at a time when the body

29
00:01:29,280 --> 00:01:32,480
Speaker 1: is under scrutiny over its handling of several high profile

30
00:01:32,520 --> 00:01:35,840
Speaker 1: corporate governance failures. News of Longo's departure comes after the

31
00:01:35,840 --> 00:01:40,240
Speaker 1: Australian Prudential Regulation Authority Deputy chair markret Cole also announced

32
00:01:40,319 --> 00:01:43,280
Speaker 1: she won't seek an extension to her term beyond June.

33
00:01:43,520 --> 00:01:46,520
Speaker 1: Both appointments were made under Liberal Treasurer Josh Friedenberg, and

34
00:01:46,560 --> 00:01:49,919
Speaker 1: the Alberanzi government is now searching for their replacements. Federal

35
00:01:49,960 --> 00:01:53,080
Speaker 1: Treasury Jim Chalmers said that since his appointment in twenty

36
00:01:53,120 --> 00:01:56,040
Speaker 1: twenty one, Longo has ever seen ASSEK during a period

37
00:01:56,080 --> 00:02:00,920
Speaker 1: of heightened economic geopolitical and technological change. Under his leadership,

38
00:02:00,960 --> 00:02:05,280
Speaker 1: ASIK has doubled its investigations and lifted civil enforcement proceedings

39
00:02:05,320 --> 00:02:09,160
Speaker 1: by twenty percent. Story numberfore Regional Express Rex the fail

40
00:02:09,240 --> 00:02:12,480
Speaker 1: day line might finally have a buyer. The AFI is

41
00:02:12,560 --> 00:02:16,639
Speaker 1: reporting that Nasdaq listed aircraft operator airt has put together

42
00:02:16,680 --> 00:02:19,560
Speaker 1: an offer. It needs to be approved by the government

43
00:02:19,600 --> 00:02:22,400
Speaker 1: and probably including the Prime Minister, who of course used

44
00:02:22,400 --> 00:02:25,560
Speaker 1: to be a transport minister. The deal might be announced

45
00:02:25,600 --> 00:02:28,920
Speaker 1: as soon as Monday. Airta is an air operator currently

46
00:02:29,000 --> 00:02:32,040
Speaker 1: running cargo flights, including for FedEx in the United States.

47
00:02:32,240 --> 00:02:35,440
Speaker 1: It also provides commercial aircraft trading and leasing and sells

48
00:02:35,520 --> 00:02:40,079
Speaker 1: jet engine parts, airframes, avionics, and logistics to the aviation industry.

49
00:02:40,520 --> 00:02:43,960
Speaker 1: And Story number five, Nvidia will spend five billion US

50
00:02:44,040 --> 00:02:48,120
Speaker 1: dollars buying a state in arch rival Intel and co

51
00:02:48,320 --> 00:02:52,040
Speaker 1: developed chips for PCs and data centers. It's a surprise decision.

52
00:02:52,360 --> 00:02:56,640
Speaker 1: An Nvideo boss Jensen Huang called it a historic collaboration

53
00:02:56,800 --> 00:02:59,959
Speaker 1: between the two companies. Intel we use nvidios graphics teach

54
00:03:00,000 --> 00:03:03,480
Speaker 1: knowledge in upcoming PC chips and also provide its processes

55
00:03:03,520 --> 00:03:06,880
Speaker 1: for data center products built around in Nvidio hardware. Intel's

56
00:03:06,880 --> 00:03:09,440
Speaker 1: shares search by as much as twenty six percent in

57
00:03:09,480 --> 00:03:12,600
Speaker 1: pre market training. It comes after the US government took

58
00:03:12,600 --> 00:03:16,280
Speaker 1: a ten percent stake in Intel last month. Also Japan's SoftBank,

59
00:03:16,560 --> 00:03:18,880
Speaker 1: which is committed to invest tens of billions of dollars

60
00:03:19,080 --> 00:03:22,160
Speaker 1: into US chip making and cloud infrastructure. It made a

61
00:03:22,280 --> 00:03:25,959
Speaker 1: two billion dollar investment last month. Intel's also raising cash

62
00:03:26,120 --> 00:03:28,800
Speaker 1: by selling assets to investors. That's it for the afternoon

63
00:03:28,880 --> 00:03:31,840
Speaker 1: report for Friday, the nineteenth September twenty twenty five. Make

64
00:03:31,880 --> 00:03:33,760
Speaker 1: sure you hit follow on the podcast. We will be

65
00:03:33,760 --> 00:03:35,880
Speaker 1: back tomorrow morning with a weekend edition of Fear and

66
00:03:35,920 --> 00:03:38,880
Speaker 1: Greed business News. I'm Chanaielma. Enjoy reading