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

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Speaker 1: for Monday, the twenty second of September twenty twenty five

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Speaker 1: are Michael Thompson. Every Afternoon, I got the five stories

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

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Speaker 2: Story number one is all about markets.

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Speaker 1: The s and PA is sex two hundred climbs zero

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Speaker 1: point four percent today to eighty eight hundred and eleven points,

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Speaker 1: largely thanks to commodities.

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Speaker 2: Resources stocks had a really good day. The prices of

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Speaker 2: iron ore, uranium, lithium, gold, copper all up and that

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Speaker 2: saw some pretty strong results for many of those miners.

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Speaker 2: Iron Ore giants Rio Tinto and Fortescue were both up sharply.

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Speaker 2: BHP climbed one percent. Uranium company Boss Energy was up

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Speaker 2: nearly seven percent, Paladin up nearly five percent after the

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Speaker 2: World Nuclear Association forecast are doubling in uranium demand by

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Speaker 2: twenty forty. Gold miners surged. Regis Resources were up nearly

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Speaker 2: nine percent, Perseus Mining, Northern Star, Evolution Mining, Newmont basically

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Speaker 2: a shopping list of the gold miners they all climbed today.

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Speaker 2: At the other end of the market, the banks had

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Speaker 2: a pretty ordinary day, with comwealth Bank, A and Z

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Speaker 2: and NAB all down slightly onto story number two.

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Speaker 1: Now and the Reserve Bank says the government's plan to

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Speaker 1: bring forward an expanded First Home Buyers scheme could put

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Speaker 1: upward pressure on house prices. Reserve Bank Governor Michelle Bullock

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Speaker 1: and other members of her team front at a parliamentary

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Speaker 1: committee today in Canberra. Assistant Governor Brad Jones told Parliament

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Speaker 1: that the First Home Buyers Scheme, which kicks in next month,

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Speaker 1: may put and I quote a little more upward pressure

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Speaker 1: on house prices in the short term, but he also

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Speaker 1: went on to say the Treasury has also done some

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Speaker 1: work on medium term supply response and their sense is

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Speaker 1: that we will see over time and uplift in supply

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Speaker 1: in response to that extra demand as well, and so

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Speaker 1: that will end up dampening the price effect over the

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Speaker 1: medium term. In other words, prices may go up a little,

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Speaker 1: but increase supply of homes on the market eventually should

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Speaker 1: help balance it out. It was a pretty wide ranging

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Speaker 1: appearance at Parliament by the Reserve Bank and we will

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Speaker 1: have plenty more on this in tomorrow Morning show. Story

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Speaker 1: number three. Support for the Federal Coalition has slumped to

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Speaker 1: new lows with young voters and across the East Coast states.

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Speaker 1: New analysis of Newspot data from the last three months

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Speaker 1: shows support among people in the eighteen to thirty four

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Speaker 1: demographic has dropped to eighteen percent for the Coalition compared

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Speaker 1: to Labour on thirty six percent and the Greens on

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Speaker 1: twenty six percent, while in New South Wales the Coalition

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Speaker 1: is sitting at just twenty five percent on its primary

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Speaker 1: vote and Labour is leading sixty to forty percent on

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Speaker 1: two party preferred. Interestingly, it seems that men are deserting

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Speaker 1: the Conservative Party. It was previously skewing mail and now

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Speaker 1: there's actually a more even split between men and women

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Speaker 1: supporting the party. One Nation has picked up share, especially

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Speaker 1: with older voters. As the Coalition continues to struggle to

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Speaker 1: regain ground post election, Opposition leader Susan Lee has a

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Speaker 1: very big job to do. Story number four Today, Canvas

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Speaker 1: long standing claims about being profitable are under scrutiny after

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Speaker 1: long delayed accounts revealed the design software Giant booked years

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Speaker 1: of losses despite surging revenue. Now the company has long

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Speaker 1: said that it's been profitable for seven years, but accounts

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Speaker 1: for twenty twenty one and twenty twenty two filed three

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Speaker 1: years late, show Canvas Australia ran statutory losses between twenty

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Speaker 1: nineteen and twenty twenty two, including a two hundred and

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Speaker 1: twenty two million dollar loss in twenty two, even as

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Speaker 1: revenue is jumping. Canvas insists, though that it has been

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Speaker 1: cash flow positive for nine years, arguing that non cash

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Speaker 1: costs like stock based pay does skew its results, which

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Speaker 1: is a reporting style also used by another Australian giant

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Speaker 1: at lassion Now. Canvas recently opened a share sale valuing

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Speaker 1: it at forty two billion US dollars ahead of a

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Speaker 1: potential Wall Street listing next year. It has continued to

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Speaker 1: grow though. It says that it now has two hundred

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Speaker 1: and forty million monthly users, including twenty seven million paying subscribers,

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Speaker 1: and more than three point four billion US dollars in

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Speaker 1: annualized revenue. Finally, story number five, US President Donald Trump

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Speaker 1: has honored murdered conservative activist Charlie Kirk at a packed

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Speaker 1: memorial in Arizona, calling him a martyr to American freedom.

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Speaker 1: Thousands filled the stadium there, including Vice President JD Vance

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Speaker 1: and Elon Musk. Trump said Kirk inspired young voters and

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Speaker 1: would be awarded the Presidential Medal of Freedom. Charlie Kirk's widow,

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Speaker 1: Erica forgave the alleged killer and announced that she will

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Speaker 1: now lead Turning Point, which is the group that Kirk founded.

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Speaker 1: The FBI is also investigating whether the shooter had accomplices.

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Speaker 1: That's it for the afternoon Report for Monday, the twenty

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Speaker 1: second of September twenty twenty five. Make sure you hit

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Speaker 1: follow on the podcast and we'll be back tomorrow morning

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Speaker 1: with the Tuesday edition of the Fast five.

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Speaker 2: Business News by Fear and Greed Michael Thompson. Enjoy your

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Speaker 2: ething