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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 ninth of December twenty twenty five, Oh

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Speaker 1: Michael Thompson, and every afternoon we have the five big

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

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Speaker 1: Let's go with story number one. The Reserve Bank of

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Speaker 1: Australia kept the interest rates unchanged this afternoon and warned

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Speaker 1: that inflation risks had tilted to the upside. The two

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Speaker 1: thirty PM announcements send bond yields slightly lower, though markets

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Speaker 1: still have priced in a hike next year. The Aussie

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Speaker 1: dollars slipped slightly, while the share market dropped back. By

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Speaker 1: the closes, the S and PA Sex two hundred was

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Speaker 1: down zero point four to five percent, so nearly half

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Speaker 1: of one percent to eight thousand, five hundred and eighty

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Speaker 1: six points. We will have plenty more on the rate's

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Speaker 1: decision in tomorrow morning show. While the equity market fall

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Speaker 1: was not huge, it was widespread, with all eleven sub

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Speaker 1: indices ending lower, led by energy, healthcare and textocs. The

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Speaker 1: big banks were mixed, with Commwealth Bank lowe, while NAB

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Speaker 1: was one percent higher. The big miners outperformed continuing their

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Speaker 1: run of recent sessions. Sigma Healthcare and QBE were other

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Speaker 1: strong performers. Today Onto Story number two Now and the

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Speaker 1: Powerful and Privileged farewell to former labor powerbroker Graham Richardson

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Speaker 1: at a state funeral in Sydney Today. The Prime Minister

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Speaker 1: Anthony Alberanezi was there, as was former PM Tony Abbott.

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Speaker 1: Labor elite attended, as did many from the conservative side

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Speaker 1: of politics, including former Treasurer Joe Hockey, who flew in

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Speaker 1: from New York. The pallbearers included retired Labor Defense Minister

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Speaker 1: Joel Fitzgibbon, Daily Telegraph editor Ben English and colorful ex

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Speaker 1: Socceros goalkeeper Mark Bosnich two GBS Ben Fordham was there,

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Speaker 1: as was former radio announcer Alan Jones, Nine Entertainment editor

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Speaker 1: Richard Wilkins, former Crown Prosecutor Margaret Kneen, neurosurgeon Charlie Teo,

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Speaker 1: and ex New South Wales Police chief Mick Fuller. The

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Speaker 1: final word on this, though, we were give to Barnaby Joyce,

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Speaker 1: who arrived and greeted the media. When asked what Richo

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Speaker 1: would be remembered for, he said, and I quote ruthlessness,

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Speaker 1: absolute and utter ruthlessness in politics. There are people with

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Speaker 1: fire extinguishers and people with cans of petrol. That man

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Speaker 1: had a can of petrol under story number three. Now.

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Speaker 1: A stock that had a bit of a rough time

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Speaker 1: of it today was Bapcoor, owner of Burston Autoparts, Auto Barn,

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Speaker 1: Midas and others. It downgraded its earnings outlook, sending its

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Speaker 1: share price down more than twenty percent. The group now

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Speaker 1: expects a loss for the first half and said trading

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Speaker 1: was softer in October and November. Its price cuts in

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Speaker 1: its trade division, particularly around tools and equipment, start to

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Speaker 1: hit profit margins. Story number four TPG Telecom chief executive

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Speaker 1: in Jaco Barroetta has revealed a second person may have

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Speaker 1: died after they failed to connect to Triple zero using

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Speaker 1: an older Samsung phone. Mister Barroetta was the first CEO

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Speaker 1: to appear at a Senate inquiry into fatal flaws in

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Speaker 1: Australia's emergency call system this morning. He began by apologizing

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Speaker 1: to the family of a Sydney person who died last

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Speaker 1: month after a relative failed to connect to Triple zero

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Speaker 1: using an older Samsung device. A second person in Wentworth

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Speaker 1: falls in the new South Wales Blue Mountains may have

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Speaker 1: also died after failing to make a four G emergency call,

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Speaker 1: according to a report in The Australian. Mister Beroetta said

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Speaker 1: TPG has sought further clarification from New South Wales's ambulance

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Speaker 1: and finally story number five. At least thirty people were

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Speaker 1: injured after a magnitude seven point five earthquake hit northeastern

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Speaker 1: Japan this morning, forcing thousands of people to evacuate their homes.

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Speaker 1: The quake occurred at a depth of fifty kilometers about

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Speaker 1: eighty k's off the coast. The Japan Meteorological Agency said

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Speaker 1: it prompted tsunami warnings, which have now been lifted. Some

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Speaker 1: train services were suspended and thousands of homes have been

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Speaker 1: left without power as a result. Authorities have also warned

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Speaker 1: that a stronger tremor could occur in the coming days,

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Speaker 1: urging the public to remain on high alert for at

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Speaker 1: least a week. According to local media reports. Sit for

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Speaker 1: the Afternoon Report for Wednesday, the ninth of December twenty

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Speaker 1: twenty five. Make sure you hit follow on the podcast

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Speaker 1: head along to Fear and Greed dot com dot au

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Speaker 1: to sign up for our free daily newsletter, or put

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Speaker 1: a link in today's show notes as well. I'm Michael Thompson.

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Speaker 1: Enjoy your evening.