1 00:00:04,120 --> 00:00:07,000 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:07,080 --> 00:00:10,160 Speaker 1: for Monday, the sixteenth of March twenty twenty six. I'm 3 00:00:10,200 --> 00:00:12,840 Speaker 1: Michael Thompson, and every afternoon we've got the five stories 4 00:00:12,880 --> 00:00:14,840 Speaker 1: that happened today that you need to know about. Let's 5 00:00:14,880 --> 00:00:17,120 Speaker 1: go a story number one. The S and p ASX 6 00:00:17,160 --> 00:00:20,840 Speaker 1: two hundred fell zero point four percent today to eighty 7 00:00:21,000 --> 00:00:24,440 Speaker 1: five hundred and eighty three points, hitting a three month low. 8 00:00:24,720 --> 00:00:27,319 Speaker 1: It was mining stocks that really led the market lower today. 9 00:00:27,400 --> 00:00:31,960 Speaker 1: BHP was down just over one percent. Rio Tinto dropped 10 00:00:31,960 --> 00:00:35,000 Speaker 1: two percent four Diescu slid nearly four percent as iron 11 00:00:35,040 --> 00:00:39,360 Speaker 1: ore prices eased. South thirty two was almost six percent 12 00:00:39,479 --> 00:00:43,960 Speaker 1: down after putting an aluminium smelter in Mozambique into care 13 00:00:44,040 --> 00:00:48,960 Speaker 1: and maintenance mode. Gold miners also declined as the price 14 00:00:49,240 --> 00:00:52,200 Speaker 1: of the precious metal slipped slightly, though it's still around 15 00:00:52,240 --> 00:00:56,560 Speaker 1: five thousand US dollars an ounce. Newmont fell just over 16 00:00:56,640 --> 00:01:00,640 Speaker 1: four percent, Regius Resources dropped more than eight percent. The 17 00:01:00,680 --> 00:01:04,759 Speaker 1: big banks were mixed ahead of tomorrow's Reserve Bank decision, 18 00:01:04,840 --> 00:01:08,400 Speaker 1: with interest rates widely tipped to rise when that decision 19 00:01:08,480 --> 00:01:13,440 Speaker 1: is announced tomorrow afternoon. Unsurprisingly, today, energy stocks bucked the 20 00:01:13,600 --> 00:01:17,080 Speaker 1: trend as oil prices remained elevated due to the conflict 21 00:01:17,080 --> 00:01:19,840 Speaker 1: in the Middle East. Both Woodside and Santos were up 22 00:01:19,880 --> 00:01:23,160 Speaker 1: around two percent today. The situation in the Middle East 23 00:01:23,240 --> 00:01:27,080 Speaker 1: is still very, very volatile. A drone attack near Dubai 24 00:01:27,120 --> 00:01:30,320 Speaker 1: International Airport has forced an Emirates' flight from Melbourne to 25 00:01:30,360 --> 00:01:33,880 Speaker 1: be diverted and other flights suspended. We will of course 26 00:01:33,920 --> 00:01:37,240 Speaker 1: have more on this tomorrow morning. On to story number two. 27 00:01:37,280 --> 00:01:40,720 Speaker 1: Now and support for Paul Aine Hansen's One Nation has 28 00:01:40,760 --> 00:01:43,880 Speaker 1: surged past the Coalition, with the party now appearing to 29 00:01:43,880 --> 00:01:47,800 Speaker 1: take votes from Labor as well. The Resolve political monitor 30 00:01:47,920 --> 00:01:51,840 Speaker 1: in nine newspapers shows One Nation's primary vote rising to 31 00:01:51,920 --> 00:01:55,440 Speaker 1: twenty four percent, ahead of the Coalition on twenty two 32 00:01:55,480 --> 00:01:58,440 Speaker 1: percent and Labor, which is still well ahead on twenty 33 00:01:58,520 --> 00:02:01,559 Speaker 1: nine percent. The results come after the Liberal Party, of course, 34 00:02:01,640 --> 00:02:05,640 Speaker 1: replaced Susan Lee with Angus Taylor as opposition leader, and 35 00:02:05,680 --> 00:02:10,280 Speaker 1: while Angus Taylor's personal approval rating is significantly higher than 36 00:02:10,320 --> 00:02:14,560 Speaker 1: his predecessors, that change and that benefit hasn't actually flowed 37 00:02:14,600 --> 00:02:18,320 Speaker 1: through to overall support for the coalition. Half of the 38 00:02:18,440 --> 00:02:21,919 Speaker 1: voters polled now say they would back a party outside 39 00:02:22,000 --> 00:02:25,920 Speaker 1: labor or the Coalition, reflecting a sharp rise in support 40 00:02:26,000 --> 00:02:29,560 Speaker 1: for minor parties and independents onto Story number three, which 41 00:02:29,600 --> 00:02:32,160 Speaker 1: is very much linked to Story number two really. Former 42 00:02:32,280 --> 00:02:36,040 Speaker 1: Deputy Prime Minister Michael McCormack has returned to the Coalition 43 00:02:36,120 --> 00:02:40,400 Speaker 1: front bench, with new Nationals Leader Matt Canavan reshaping the 44 00:02:40,440 --> 00:02:44,320 Speaker 1: party's lineup, describing the team as a posse of patriots. 45 00:02:44,760 --> 00:02:47,320 Speaker 1: Former Nationals Leader David little Proud has been removed from 46 00:02:47,360 --> 00:02:49,960 Speaker 1: Shadow Cabinet but will remain on the front bench as 47 00:02:50,000 --> 00:02:53,799 Speaker 1: Emergency Services Spokesman. Senator Canavan will take on the Trade, 48 00:02:53,840 --> 00:02:57,360 Speaker 1: Investment and Tourism portfolios. Darren Chester has been promoted to 49 00:02:57,440 --> 00:03:01,120 Speaker 1: Deputy Nationals Leader and will handle Agriculture, of Fisheries and 50 00:03:01,320 --> 00:03:05,000 Speaker 1: Forestry of Kevin Hogan will move into Shadow Cabinet as 51 00:03:05,080 --> 00:03:10,160 Speaker 1: Assistant Treasury Spokesman. In announcing the new lineup, Matt Canavan said, 52 00:03:10,680 --> 00:03:12,880 Speaker 1: with this team, we have a posse of patriots who 53 00:03:12,919 --> 00:03:15,280 Speaker 1: love our country and just want to see more of Australia. 54 00:03:15,600 --> 00:03:20,400 Speaker 1: We want more Australian mining, manufacturing, farming jobs, more Australian 55 00:03:20,440 --> 00:03:25,320 Speaker 1: everything and Story number four. Media executive Anthony Cartalano has 56 00:03:25,360 --> 00:03:28,560 Speaker 1: taken leave from the boards of two listed companies after 57 00:03:28,600 --> 00:03:32,359 Speaker 1: being charged with assault and other offenses. Cardialano stepped down 58 00:03:32,440 --> 00:03:35,760 Speaker 1: as an executive director of key Bridge Capital and Yowie 59 00:03:35,760 --> 00:03:39,520 Speaker 1: Group days after standing aside as executive chairman of Australian 60 00:03:39,560 --> 00:03:42,840 Speaker 1: Community Media, the regional media company that owns the Newcastle 61 00:03:42,880 --> 00:03:45,560 Speaker 1: Herald and the Canberra Times, as well as a bunch 62 00:03:45,600 --> 00:03:50,119 Speaker 1: of other assets. Victoria Police have charged him with assault, 63 00:03:50,280 --> 00:03:53,120 Speaker 1: false imprisonment and making threats to kill a woman in 64 00:03:53,160 --> 00:03:57,000 Speaker 1: an alleged incident that left her with serious injuries. Business 65 00:03:57,000 --> 00:04:01,480 Speaker 1: partner Alex Weislitz has described the alligation against Catillano as 66 00:04:01,680 --> 00:04:05,960 Speaker 1: incredibly confronting and concerning, and said staff across the businesses 67 00:04:06,000 --> 00:04:08,800 Speaker 1: would be supported while the companies continue to operate in 68 00:04:08,920 --> 00:04:12,960 Speaker 1: Cardialano's absence. And finally, story number five bit of a 69 00:04:13,040 --> 00:04:15,480 Speaker 1: change of pace for this one. The twenty twenty six 70 00:04:15,520 --> 00:04:19,000 Speaker 1: Oscars has wrapped up today. It's in Hollywood, of course, 71 00:04:19,080 --> 00:04:22,719 Speaker 1: Jesse Buckley and Michael B. Jordan taking home the night's 72 00:04:22,720 --> 00:04:27,200 Speaker 1: biggest acting awards. Director Paul Thomas Anderson dominated the ceremony, 73 00:04:27,200 --> 00:04:30,360 Speaker 1: winning Best Director and Best Picture for One Battle after Another, 74 00:04:30,680 --> 00:04:34,360 Speaker 1: along with Best Adapted Screenplay and the big rivalry of 75 00:04:34,400 --> 00:04:37,200 Speaker 1: the night. It was between that movie One Battle after Another, 76 00:04:37,200 --> 00:04:40,280 Speaker 1: which won six Oscars, and the film Sinners, which had 77 00:04:40,320 --> 00:04:43,160 Speaker 1: the most nominations this year. It took home four awards 78 00:04:43,200 --> 00:04:45,960 Speaker 1: in the end, including Best Actor for Michael B. Jordan, 79 00:04:46,160 --> 00:04:50,160 Speaker 1: Best Cinematography and Best Original Screenplay. Not a great night 80 00:04:50,279 --> 00:04:53,360 Speaker 1: for the Australians though, we had five nominations, including actors 81 00:04:53,480 --> 00:04:57,880 Speaker 1: Rose Byrne and Jacob Elordi, but no wins. Unfortunately. Comedian 82 00:04:57,960 --> 00:05:03,160 Speaker 1: Conan O'Brien hosted the event, taking aim at basically everything, 83 00:05:03,520 --> 00:05:07,680 Speaker 1: including Ai declaring himself to be the last human host 84 00:05:07,920 --> 00:05:11,600 Speaker 1: of the Oscars. That's it for the afternoon Report for Monday, 85 00:05:11,640 --> 00:05:14,200 Speaker 1: the sixteenth of March. Make sure you're following the podcast 86 00:05:14,200 --> 00:05:16,520 Speaker 1: and headlong to Fearangreed dot com dot au to sign 87 00:05:16,600 --> 00:05:19,880 Speaker 1: up for our free daily newsletter. I'm Michael Thompson. Enjoy 88 00:05:19,920 --> 00:05:20,400 Speaker 1: your evening.