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

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Speaker 1: for Wednesday, the eleventh of February twenty twenty six. Are

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Speaker 1: Michael Thompson. Every afternoon, we've got the five stories that

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

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Speaker 1: with story number one. The S and p ASX two

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Speaker 1: hundred had a stellar day today, climbing one point six

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Speaker 1: six percent to eighty nine hundred and fifteen points. It

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Speaker 1: is within a whisker less than one point from its

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Speaker 1: record high set last year, and much of it really

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Speaker 1: was due to Commonwealth Bank. Today, Australia's biggest company announced

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Speaker 1: a cash profit of five point four billion dollars for

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Speaker 1: the half year, lifted by record growth in loans and

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Speaker 1: in deposits. It was ahead of expectations and investors loved it.

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Speaker 1: The bank share price sored six point eight percent today.

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Speaker 1: That's its biggest one day jump in six years. We'll

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Speaker 1: have a lot more on this one tomorrow. The whole

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Speaker 1: sector did well. NAB was up three point four percent,

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Speaker 1: west Pac two and a half percent, A and Z

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Speaker 1: up one point three. It wasn't just Commonwealth Bank that

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Speaker 1: lifted the market. A bunch of other companies reported results

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Speaker 1: or get to those in a moment, But there are

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Speaker 1: a couple of other things I need to mention. First,

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Speaker 1: ASX Limited, the company that is, fell one point seven

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Speaker 1: percent today after chief executive Helen Lofthouse quit suddenly. That

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Speaker 1: is really off the back of a very tough run

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Speaker 1: for ASX Limited, operational incidents, regulatory issues. The other thing

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Speaker 1: to mention, the Aussie dollar hit a three year high today,

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Speaker 1: rising above seventy one US cents. Under story number two,

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Speaker 1: which is really the results from companies today, as I mentioned,

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Speaker 1: plenty of them, some big share price moves as a result.

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Speaker 1: CSL's share price tumbled five and a half percent after

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Speaker 1: announcing a pretty poor half year result, a result which

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Speaker 1: actually led to the departure of CEO Paul McKenzie, whose

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Speaker 1: abrupt retirement was announced yesterday afternoon. AGL Energy announced a

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Speaker 1: forty two percent drop in half year net profit, but

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Speaker 1: up to its guidance for full year earnings that sent

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Speaker 1: its share price up eleven percent. Domino's Pizza's share price

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Speaker 1: fell half a percent after it appointed a senior McDonald's executive,

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Speaker 1: Andrew Gregory, to take over a CEO later in the year.

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Speaker 1: Evolution Mining's profit has doubled year on year, really with

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Speaker 1: the gold price surging, of course, and that sent its

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Speaker 1: share price up eight percent. Today, James Hardy Industry is

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Speaker 1: reported a thirty percent jump in third quarter net sales

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Speaker 1: and now so it was ahead of schedule on cost

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Speaker 1: synergies as it merges with US Decking Group AAZAC. Its

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Speaker 1: share price was up eleven percent. It was a bumper

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Speaker 1: day for results. Story number three, Moving away from markets now,

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Speaker 1: there is growing anticipation in Canberra that Liberal MP Angus

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Speaker 1: Taylor is about to resign from the shadow front bench

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Speaker 1: and challenge Opposition leader Susan Lee. Lee is meeting Israeli

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Speaker 1: President Isaac Hertzog with a number of colleagues at Parliament

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Speaker 1: House this afternoon, but there is actually a press con

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Speaker 1: hinged waiting in the hallway between Lee's office and Taylor's office,

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Speaker 1: with anticipation building that the leadership hopeful will make a

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Speaker 1: move sometime today. Labour certainly didn't miss their opportunity to

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Speaker 1: attack Angus Taylor over that speculation, with Treasurer Jim Chalmers

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Speaker 1: using question time to criticize Taylor's economic platform that he

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Speaker 1: took to the last election. It is worth a mention

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Speaker 1: a direct quote rather of what Jim Chalmers had to say.

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Speaker 1: He said, the worse he performs, the more entitled he

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Speaker 1: feels to a promotion. No matter what happens. At every

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Speaker 1: stage of his life, he wants everything handed to him

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Speaker 1: on a silver platter. The Member for Hume was born

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Speaker 1: with a silver foot in his mouth. Good to see

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Speaker 1: there's a bit of decorum still in parliament. Story number four.

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Speaker 1: The biggest story in the United States right now is

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Speaker 1: the suspected kidnapping of eighty four year old Nancy Guthrie,

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Speaker 1: who is the mother of a prominent TV anchor, Savannah

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Speaker 1: Guthrie now MS. Guthrie disappeared more than a week ago

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Speaker 1: from her home near too On, Arizona. Blood was found

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Speaker 1: on her front porch. Despite multiple appeals and a reward

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Speaker 1: from the FBI, there has been no real progress in

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Speaker 1: the investigation until today, when the FBI was able to

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Speaker 1: extract images and a short video clip showing a masked

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Speaker 1: person loitering on Msguthrie's doorstep in the middle of the night,

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Speaker 1: disconnecting a door bell camera. This was in the very

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Speaker 1: early hours of February first. The images are on every

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Speaker 1: news site, both here and in the US, and they

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Speaker 1: may have led to a breakthrough, with police now confirming

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Speaker 1: that a person has been detained for questioning during a

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Speaker 1: traffic stop in Arizona. There is no information yet on

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Speaker 1: the whereabouts or the safety of Msguthrie. And finally, story

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Speaker 1: number five. Ten people are dead after a school shooting

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Speaker 1: at a high school in a small town in Canada.

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Speaker 1: Police say the suspected shooter was a woman who was

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Speaker 1: found dead at tumbler Ridge Secondary School with what appears

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Speaker 1: to be a self inflicted injury. Six victims were found inside,

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Speaker 1: Two others were found at a nearby property believed to

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Speaker 1: be connected to the incident. Another person died on the

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Speaker 1: way to hospital. More than twenty five people were injured,

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Speaker 1: including two in a life threatening condition. Now, school shootings

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Speaker 1: are rare in Canada, and as I mentioned, tumbler Ridge

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Speaker 1: is only a very small town in British Columbia, a

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Speaker 1: population of about two four hundred people. That's it for

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Speaker 1: the afternoon report for Wednesday, the eleventh of February. Make

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Speaker 1: sure you're following the podcast and head along to Fear

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Speaker 1: and Greed dot com dot au to sign up for

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Speaker 1: our free daily newsletter. I'm Michael Thompson, enjoy your evening,