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

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Speaker 1: for Friday, the twenty third of January twenty twenty six.

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Speaker 1: I'm shot Elma. Every afternoon we bring you the five

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Speaker 1: big stories that happened today that you need to know about. Sorry.

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Speaker 1: Number one, the local shere market closed flat today. It

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Speaker 1: was up just to touch, with gold stocks leading the

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Speaker 1: way on the back of another new record in the

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Speaker 1: precious metals price. Gold hit. This is US dollars four thousand,

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Speaker 1: nine hundred and sixty four dollars and ninety nine cents

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Speaker 1: a ounce. Quite incredible. The other notable on the market

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Speaker 1: was Tracking Business Life three sixty, which surged twenty seven

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Speaker 1: percent after renouncing it had nearly one hundred million active

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Speaker 1: global users worldwide are The tech stocks, including next, DC

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Speaker 1: and zero also rose after a rough few weeks for

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Speaker 1: the tech sector. Among the large caps, the banks and

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Speaker 1: big retailers were weaker, while the miners were mixed by

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Speaker 1: the closed SMPASX two hundred was at eight thousand, eight

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Speaker 1: hundred and sixty points, which means for the full week

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Speaker 1: the horse was off about half a percent. Story Number two,

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Speaker 1: the spurned Federal Liberal Party has come out fighting saying

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Speaker 1: the Nationals will struggle to survive in the long term

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Speaker 1: because they won't be able to fend off minor parties

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Speaker 1: in independent rivals by saying they're part of the government.

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Speaker 1: Opposition leader Susan Lee's fighting to retain her position as

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Speaker 1: leader of the Coalition and the Liberal Party. Media reports

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Speaker 1: say that even if she does, the Libs won't be

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Speaker 1: Even if she goes, the Libs won't be rushing to

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Speaker 1: unite back with the NATS. Those same reports suggest it's

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Speaker 1: likely that Lee will be replaced as the head of

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Speaker 1: the Libs. This week's news poll put support for One

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Speaker 1: Nation at about twenty percent and for the Nationals that

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Speaker 1: just four percent. For his part, Prime Minister Anthony Alberaniez

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Speaker 1: he is watching, I dare say he's enjoying it. Today

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Speaker 1: he said he expects at least one more defection from

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Speaker 1: the NATS to One Nation following Barnaby Joyce's shift for Christmas. Sorry.

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Speaker 1: Number three of the Ausie dollars on a tear, hitting

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Speaker 1: a new sixteen month high today, reaching sixty eight point

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Speaker 1: five three usns as markets ramped up expectations of interest

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Speaker 1: straight rise this year. The currency is up two point

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Speaker 1: three cents for the week, its biggest weekly gain in

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Speaker 1: about nine months, not really that far off the twenty

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Speaker 1: twenty four peak of sixty nine point four two US

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Speaker 1: Sense investors are now pricing in a sixty percent chance

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Speaker 1: of an RBA rate increase in ten days time, one

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Speaker 1: hundred percent chance of one by May. They're also betting

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Speaker 1: the way another rate hike by the end of the year. Today,

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Speaker 1: the dollar was also higher against the euro, buying fifty

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Speaker 1: eight point three one euro sense. That's about the best

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Speaker 1: in nine months. Story number four a dreadful story from

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Speaker 1: the Central West of New South Wales. Three people are

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Speaker 1: dead following a shooting in the town of Lake Cajeligo

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Speaker 1: yesterday afternoon. Specialist police officers are now conducting a large

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Speaker 1: scale searched to locate the alleged gunman. Officers from the

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Speaker 1: Central West Police District found a twenty five year old

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Speaker 1: woman and a thirty two year old man with gunshot

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Speaker 1: wounds in a vehicle. They died at the scene. Another

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Speaker 1: person was found dead close by. Story number five. TikTok

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Speaker 1: and its Chinese parent Byte Dance have done a long

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Speaker 1: await deal to transfer paths of its un US operations

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Speaker 1: to American investors, meaning the video app will continue operating

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Speaker 1: in that country. The social media company has officially established

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Speaker 1: a US entity with Stree Managing Investors, Oracle private equity

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Speaker 1: firm Silver Lake Management, and Abu Dhabi based investment company MGX.

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Speaker 1: TikTok's global CEO will continue running by Dance's most valuable asset.

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Speaker 1: It concludes several years of geopolitical and regulatory tussling to

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Speaker 1: threaten to shut down TikTok in the US over national

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Speaker 1: security concerns That ain't going to happen. Now, that's it

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Speaker 1: for the afternoon Report for Friday, the twenty third of

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Speaker 1: January twenty twenty six. Make sure you're following the podcast

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Speaker 1: and head along to Fear and Green dot com Today.

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Speaker 1: You to sign up for our free daily newsletter. I'm

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Speaker 1: sure I elma enjoy your evening