1 00:00:03,600 --> 00:00:06,600 Speaker 1: Welcome to Fear and Greed. Business Newsday Afternoon Report for Monday, 2 00:00:06,640 --> 00:00:09,639 Speaker 1: the sixth of October twenty twenty five. I'm Sean Alma. 3 00:00:09,760 --> 00:00:12,160 Speaker 1: Every afternoon, We've got the five stories that happened today 4 00:00:12,560 --> 00:00:15,240 Speaker 1: that you need to know about. It's a pretty quiet day, 5 00:00:15,320 --> 00:00:18,560 Speaker 1: mind you, with half the country on a public holiday. 6 00:00:18,800 --> 00:00:23,600 Speaker 1: Story number one. The Australian share market closed today down slightly, 7 00:00:23,680 --> 00:00:26,640 Speaker 1: but not before an early rally pushed the local Bourse 8 00:00:26,960 --> 00:00:30,480 Speaker 1: to a high of niney nineteen points. Broadly, gains in 9 00:00:30,520 --> 00:00:33,480 Speaker 1: gold and copper minds were offset by losses in tech. 10 00:00:33,880 --> 00:00:36,920 Speaker 1: The price of gold pushed beyond that thirty nine hundred 11 00:00:37,000 --> 00:00:39,760 Speaker 1: US dollars and ounce. By the close, SMPA six two 12 00:00:39,840 --> 00:00:43,000 Speaker 1: hundred was down at zero point one percent to eighty 13 00:00:43,159 --> 00:00:45,919 Speaker 1: nine hundred and eighty one points. The tech sector led 14 00:00:45,920 --> 00:00:47,840 Speaker 1: the losses, as I mentioned in line with Wall Street. 15 00:00:47,840 --> 00:00:50,640 Speaker 1: Over the weekend, software firm Iris and Weist tech glob 16 00:00:50,640 --> 00:00:53,240 Speaker 1: will both fill more than two percent. Linus rare earths 17 00:00:53,320 --> 00:00:55,240 Speaker 1: was the top performer, up more than seven percent on 18 00:00:55,320 --> 00:00:58,320 Speaker 1: reports at China and Malaysia are in early talks for 19 00:00:58,360 --> 00:01:03,080 Speaker 1: a project to process earths. Big miners generally will lower 20 00:01:03,120 --> 00:01:05,480 Speaker 1: the energy companies higher and the banks were mixed. The 21 00:01:05,480 --> 00:01:08,400 Speaker 1: share price of Bris and Broncos the company jumped twenty 22 00:01:08,440 --> 00:01:11,280 Speaker 1: seven percent to a record closing high after their win 23 00:01:11,480 --> 00:01:15,080 Speaker 1: in the NRL Grand Final yesterday. Story number two Communications 24 00:01:15,120 --> 00:01:19,160 Speaker 1: Minister Arnika Wells will meet with the big telcoast tomorrow 25 00:01:19,200 --> 00:01:23,360 Speaker 1: about Triple zero failures, but today admitted that new legislation 26 00:01:23,480 --> 00:01:25,759 Speaker 1: due later in the week would not have been able 27 00:01:25,800 --> 00:01:29,560 Speaker 1: to prevent the fatal Optus outage. The new legislation will 28 00:01:29,600 --> 00:01:33,120 Speaker 1: introduce a new Triple zero custodian, elevating an already existing 29 00:01:33,160 --> 00:01:35,800 Speaker 1: body out of the Department of Communications to be a 30 00:01:35,800 --> 00:01:40,480 Speaker 1: holistic best practice custodian. It will also get stronger powers 31 00:01:40,560 --> 00:01:43,760 Speaker 1: to crack down on telcos, she said. Wells said once 32 00:01:43,760 --> 00:01:46,360 Speaker 1: the legislation goes through Parliament, there will never have been 33 00:01:46,400 --> 00:01:49,480 Speaker 1: stronger laws and stronger powers for the regulator here to 34 00:01:49,520 --> 00:01:52,920 Speaker 1: crack down on telcos when they fail Australians. Story number 35 00:01:52,920 --> 00:01:57,760 Speaker 1: three Perth company Predictive Discovery in Canadian group Aerobics Resources 36 00:01:57,840 --> 00:02:00,800 Speaker 1: will merge to create a new aasex Gold company with 37 00:02:00,840 --> 00:02:03,480 Speaker 1: a market cap of about two point four billion dollars. 38 00:02:04,040 --> 00:02:07,960 Speaker 1: Predictive Discovery's key asset is the bank and project in Guinea, 39 00:02:08,000 --> 00:02:10,920 Speaker 1: West Africa, which has an estimated average production of about 40 00:02:10,960 --> 00:02:13,960 Speaker 1: two hundred and fifty thousand ounces peranum over twelve years. 41 00:02:14,280 --> 00:02:18,720 Speaker 1: Roebecks is currently constructing a project in Guinea, also its 42 00:02:18,720 --> 00:02:21,840 Speaker 1: schedule to achieve first production in December about one hundred 43 00:02:21,880 --> 00:02:25,320 Speaker 1: and thirty nine thousand ounces perinem over nine years. Following 44 00:02:25,320 --> 00:02:29,960 Speaker 1: the completion of the transaction, existing predictive Discovery shareholders will 45 00:02:30,000 --> 00:02:32,560 Speaker 1: learn about fifty one percent of the merge entergy Ex 46 00:02:32,680 --> 00:02:36,480 Speaker 1: Roebex shareholders forty nine percent. Sorry number four, please say 47 00:02:36,480 --> 00:02:38,880 Speaker 1: it is remarkable that no one was killed in the 48 00:02:38,880 --> 00:02:41,960 Speaker 1: Sydney shooting spree on Sunday. We're up to fifty rounds 49 00:02:41,960 --> 00:02:45,160 Speaker 1: of bullets. We're indiscriminately fired by a sixty year old 50 00:02:45,240 --> 00:02:48,480 Speaker 1: suspected gunman. The man is an employee of Transport New 51 00:02:48,480 --> 00:02:51,480 Speaker 1: South Wales. He has no known links to terrorists or 52 00:02:51,560 --> 00:02:54,720 Speaker 1: gang groups. The father of adult children, was arrested at 53 00:02:54,760 --> 00:02:58,440 Speaker 1: a Croydon Park address in Sydney's Inner West, taking Bankstown 54 00:02:58,480 --> 00:03:02,079 Speaker 1: Hospital where he was treated psychologically evaluated. He has now 55 00:03:02,120 --> 00:03:04,680 Speaker 1: been released from hospital and is expected to be charged 56 00:03:04,680 --> 00:03:07,840 Speaker 1: with a string of in fences including a number of 57 00:03:07,840 --> 00:03:10,959 Speaker 1: firearm offences. New South Wales Police said the male person 58 00:03:11,040 --> 00:03:14,440 Speaker 1: has no reported mental health history with us. No motive 59 00:03:14,480 --> 00:03:16,760 Speaker 1: has been established as a man is still being interviewed 60 00:03:17,040 --> 00:03:20,360 Speaker 1: and the crime scene is still active, but attempted murder 61 00:03:20,400 --> 00:03:23,960 Speaker 1: could potentially be one of the charges he faces. And 62 00:03:24,040 --> 00:03:27,359 Speaker 1: story number five. More than two hundred hikers stranded by 63 00:03:27,360 --> 00:03:30,799 Speaker 1: a blizzard on the Tibetan slapes of Mount Everest remain 64 00:03:30,880 --> 00:03:34,120 Speaker 1: to be rescued, as Chinese state media say authorities have 65 00:03:34,200 --> 00:03:36,800 Speaker 1: been able to contact all of them. Some three hundred 66 00:03:36,840 --> 00:03:39,200 Speaker 1: and fifty others have been left to safety by rescuers. 67 00:03:39,240 --> 00:03:42,920 Speaker 1: According to media reports, heavy snow trapped hundreds of tourists 68 00:03:43,000 --> 00:03:46,520 Speaker 1: trekking Tibetan valley leading to Mount Everest's eastern face over 69 00:03:46,520 --> 00:03:48,840 Speaker 1: the weekend. It was the start of an eight day 70 00:03:48,920 --> 00:03:52,520 Speaker 1: national holiday in China, so many many trekkers. Snowfall has 71 00:03:52,560 --> 00:03:55,600 Speaker 1: been unusually high in that area for this time of year. 72 00:03:55,960 --> 00:03:58,240 Speaker 1: That's it the afternoon report for Monday, the sixth of 73 00:03:58,280 --> 00:04:00,360 Speaker 1: October twenty twenty five. Make sure he hit follow on 74 00:04:00,360 --> 00:04:02,720 Speaker 1: the podcast and we will be back tomorrow morning with 75 00:04:02,960 --> 00:04:06,120 Speaker 1: the Tuesday edition of Your and Greed Business News I'm Chnielma. 76 00:04:06,520 --> 00:04:07,240 Speaker 1: Enjoy your evening.