1 00:00:03,800 --> 00:00:06,560 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,600 --> 00:00:09,240 Speaker 1: for Friday, the seventeenth of January twenty twenty five. I'm 3 00:00:09,280 --> 00:00:12,160 Speaker 1: sure n alma. Every afternoon, we've got the five stories 4 00:00:12,200 --> 00:00:14,160 Speaker 1: that happened today that you need to know about. Story 5 00:00:14,200 --> 00:00:17,000 Speaker 1: to one. The SMPA SEX two hundred closed down just 6 00:00:17,040 --> 00:00:19,640 Speaker 1: to touch today to eight thousand, three hundred and ten points. 7 00:00:19,880 --> 00:00:23,520 Speaker 1: Industrials did best, while the financials and telcos were among 8 00:00:23,680 --> 00:00:26,000 Speaker 1: the worst, though it wasn't really a big trading day 9 00:00:26,200 --> 00:00:28,360 Speaker 1: Among the large caps. The banks were sold off having 10 00:00:28,440 --> 00:00:31,680 Speaker 1: had a pretty good week. Commonwealth Bank, National Australian Bank, Westpac, 11 00:00:31,720 --> 00:00:33,240 Speaker 1: and AIN and ZED were all down around one and 12 00:00:33,280 --> 00:00:36,280 Speaker 1: a half percent. HP and fortes Q Metals Group both 13 00:00:36,400 --> 00:00:39,160 Speaker 1: ended higher. Some of the techtocs WIS, tech Global, Ario 14 00:00:39,240 --> 00:00:42,920 Speaker 1: and Promedicus ended lower, while the retailers were mixed. In 15 00:00:43,000 --> 00:00:45,960 Speaker 1: economic news today, the official Chinese growth rate for last 16 00:00:46,040 --> 00:00:49,720 Speaker 1: year was announced five percent, right on target following some 17 00:00:49,720 --> 00:00:52,360 Speaker 1: pretty big stimulus packages at the end of last year. 18 00:00:52,600 --> 00:00:55,880 Speaker 1: Twenty twenty five is looking somewhat problematic for China given 19 00:00:55,880 --> 00:01:00,320 Speaker 1: the ascension of Donald Trump and his tariff rhetoric. Number 20 00:01:00,320 --> 00:01:03,840 Speaker 1: two Prime Minister Anthony Albernezi said the anti Semitic attack 21 00:01:04,040 --> 00:01:08,119 Speaker 1: in Sydney's Eastern Suburbs overnight is an outrage that must 22 00:01:08,160 --> 00:01:11,800 Speaker 1: be met with his strongest possible action. Residents of Davi 23 00:01:11,920 --> 00:01:15,520 Speaker 1: Heights in Sydney's Eastern Suburbs awake to find cars graffitied, 24 00:01:15,680 --> 00:01:18,880 Speaker 1: set on fire and a home splashed with red paint. 25 00:01:19,400 --> 00:01:21,920 Speaker 1: The home used to be owned with the high profile 26 00:01:22,000 --> 00:01:26,839 Speaker 1: Executive Council of Australia Jury co CEO Alex Ritchan. Austral 27 00:01:26,840 --> 00:01:30,560 Speaker 1: Albernesi said the anti Semitic attack went against everything that 28 00:01:30,640 --> 00:01:33,880 Speaker 1: Australia stands for. Home Fairs Minister Tony Burke says the 29 00:01:33,920 --> 00:01:37,720 Speaker 1: anti Semitic attack in Sydney is a serious crime with 30 00:01:37,920 --> 00:01:41,120 Speaker 1: matching penalties in the Government has its best agencies working 31 00:01:41,160 --> 00:01:44,200 Speaker 1: to hunt down the perpetrators. Story number three. Two of 32 00:01:44,200 --> 00:01:47,279 Speaker 1: the biggest mining companies in the world, Australia's Rio Tinto 33 00:01:47,319 --> 00:01:51,760 Speaker 1: and Swiss headquartered Glencore, have been discussing a potential merger 34 00:01:51,840 --> 00:01:54,920 Speaker 1: and what would be the industry's biggest ever deal. It's 35 00:01:55,040 --> 00:01:58,000 Speaker 1: a long way from being a done deal, with Bloomberg 36 00:01:58,040 --> 00:02:01,560 Speaker 1: reporting that there were talks. It's now unclear if They're live. 37 00:02:02,080 --> 00:02:04,920 Speaker 1: Rio is the world's second biggest minor, valued at one 38 00:02:05,000 --> 00:02:07,840 Speaker 1: hundred and five billion US dollars. That's behind BHP that's 39 00:02:07,840 --> 00:02:10,760 Speaker 1: at one hundred and twenty six billion US. Glen Core 40 00:02:10,840 --> 00:02:13,800 Speaker 1: is valued at fifty five billion US. Both glen Core 41 00:02:13,880 --> 00:02:16,080 Speaker 1: and Rio own some of the best copper mines in 42 00:02:16,120 --> 00:02:19,800 Speaker 1: the world. However, Rio, like BHP, still depends heavily on 43 00:02:19,880 --> 00:02:21,919 Speaker 1: iron or to drive its profit at a time when 44 00:02:22,000 --> 00:02:27,040 Speaker 1: China's decade long construction boom is drawing to an end. Glencore, 45 00:02:27,080 --> 00:02:29,960 Speaker 1: which previously proposed a merger with Rio and twenty fourteen, 46 00:02:30,360 --> 00:02:33,120 Speaker 1: has been among the most aggressive deal makers in the sector. 47 00:02:33,560 --> 00:02:37,400 Speaker 1: Rio's share price closed lower today. Story number four. A 48 00:02:37,520 --> 00:02:42,440 Speaker 1: SpaceX Starship rocket broke up in space minutes after launching 49 00:02:42,440 --> 00:02:46,200 Speaker 1: from Texas this morning, forcing airline flights over the Gulf 50 00:02:46,240 --> 00:02:49,840 Speaker 1: of Mexico to all to course to avoid falling debris. 51 00:02:50,080 --> 00:02:53,960 Speaker 1: Will also set back Elon Musk's flagship rocket program. According 52 00:02:53,960 --> 00:02:57,880 Speaker 1: to a report on Reuter's SpaceX, mission control lost contact 53 00:02:57,960 --> 00:03:02,239 Speaker 1: with a newly upgraded Starship minutes after liftoff from South Texas. 54 00:03:02,440 --> 00:03:05,240 Speaker 1: It was carrying its first test payload of mocks satellites, 55 00:03:05,520 --> 00:03:08,600 Speaker 1: but no Krube. Video shows orange balls of lights streaking 56 00:03:08,680 --> 00:03:12,000 Speaker 1: across the sky over the Haaitian capital of Port of Prince, 57 00:03:12,520 --> 00:03:16,280 Speaker 1: leaving trails of smoke behind. At Miami International Airport, some 58 00:03:16,320 --> 00:03:19,200 Speaker 1: flights were grounded. Dozens of commercial flights diverted to other 59 00:03:19,240 --> 00:03:23,440 Speaker 1: airports or altered course to avoid potential debris. The Federal 60 00:03:23,480 --> 00:03:27,079 Speaker 1: Aviation Administration said it had briefly slowed and diverted planes 61 00:03:27,120 --> 00:03:30,120 Speaker 1: around the area where space debris was falling, but normal 62 00:03:30,200 --> 00:03:34,520 Speaker 1: operations had since resumed and story number five. Israeli Prime 63 00:03:34,520 --> 00:03:38,280 Speaker 1: Minister Benjamin Netanyahu said a deal to return hostages held 64 00:03:38,320 --> 00:03:41,080 Speaker 1: in the Gaza Strip has been reached, after his office 65 00:03:41,080 --> 00:03:44,760 Speaker 1: had said earlier there were last minutes snagged and finalizing 66 00:03:44,760 --> 00:03:47,960 Speaker 1: a ceasefire that would pause fifteen months of war. Mister 67 00:03:48,040 --> 00:03:51,040 Speaker 1: Netanya who said he would convene his Security Cabinet later 68 00:03:51,200 --> 00:03:54,760 Speaker 1: today and the government would then approve the long awaited agreement. 69 00:03:55,160 --> 00:03:58,120 Speaker 1: The paws in fighting in the Gaza Strip will result 70 00:03:58,120 --> 00:04:00,760 Speaker 1: in dozens of hostages held by Millier since in Gaza 71 00:04:00,840 --> 00:04:04,640 Speaker 1: being released in exchange for Palestinian prisoners held by Israel. 72 00:04:05,000 --> 00:04:08,160 Speaker 1: It would also allow hundreds of thousands of displaced Palestinians 73 00:04:08,200 --> 00:04:11,640 Speaker 1: to return to the remains of their homes in Gaza. Meanwhile, 74 00:04:11,720 --> 00:04:14,800 Speaker 1: Israeli air strukes killed at least seventy two people in 75 00:04:14,840 --> 00:04:17,920 Speaker 1: the war ravaged territory in the last thirty six hours. 76 00:04:18,320 --> 00:04:21,000 Speaker 1: That's it for the afternoon report for Friday, the seventeenth 77 00:04:21,040 --> 00:04:23,479 Speaker 1: of January twenty twenty five. Make sure you hit follow 78 00:04:23,560 --> 00:04:26,599 Speaker 1: on the podcast. I'm Sean alma Enjoy your evening.