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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 third of February twenty twenty six.

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Speaker 1: I'm Michael Thompson, and every afternoon we've got the five

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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 S and PA

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Speaker 1: s X two hundred fell zero points six percent today

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Speaker 1: to nineenty twenty six points, pulling back from a near

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Speaker 1: record high after Donald Trump flagged a fresh fifteen percent

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Speaker 1: tariff on all imports. We talked about that this morning.

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Speaker 1: It followed a US Supreme Court ruling against his earlier

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Speaker 1: levies that he imposed as part of the Liberation Day

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Speaker 1: tariffs last year. This update has created a lot of uncertainty,

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Speaker 1: and markets, of course, do not like uncertainty. Eight of

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Speaker 1: the eleven sectors finished lower today, with Technology the weakest. Wise,

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Speaker 1: Tech and Technology one both dropped more than five percent,

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Speaker 1: while next DC fell more than one percent four percent. Rather,

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Speaker 1: the big four banks also eased, with A and Z

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Speaker 1: down two point three three percent, Westpac off one point

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Speaker 1: two percent, NAB down almost one percent, and Comwealth Bank

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Speaker 1: slipping zero point six percent. Mining stocks outperformed today, as

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Speaker 1: gold rose more than one percent, the price of the

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Speaker 1: precious metal, jumping to around five thousand, one hundred and

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Speaker 1: sixty US dollars an ounce. In times of uncertainty, of course,

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Speaker 1: investors go for that safe haven, and Romilius jumped eight

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Speaker 1: point two percent and Newmont climbed almost five percent. BHP

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Speaker 1: hit a fresh high of fifty four dollars and seventy

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Speaker 1: five cents before closing up one point three percent today

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Speaker 1: to just a touch below that number. Plenty of other

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Speaker 1: results out today, a lot of movement. Bit more on

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Speaker 1: those shortly under story number two now. And the Coalition

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Speaker 1: has accused Labor of hypocrisy over tariffs as the government

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Speaker 1: considers carbon based import charges while lobbying the US for

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Speaker 1: an exemption from Donald Trump's new fifteen percent global tariff.

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Speaker 1: As I was just talking about. A government commissioned report

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Speaker 1: suggests that Australia may need a quote carbon border adjustment

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Speaker 1: on imports like steel, cement and fertilizer from high pollution

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Speaker 1: countries as to protect local industry. National's leader David little

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Speaker 1: Proud today said it was contradictory to oppose US tariffs

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Speaker 1: while weighing Australia's own trade barriers. Climate Minister Chris Bowen

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Speaker 1: rejected the characterizations, saying that any scheme introduced would level

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Speaker 1: the playing field and have quote vanishingly small impact on consumers.

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Speaker 1: The Government has not decided whether to adopt the recommendation,

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Speaker 1: but any move could mark a significant shift in trade

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Speaker 1: policy and potentially reignite debate about protectionism versus free trade.

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Speaker 1: Story number three a very significant day. Tomorrow, the Royal

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Speaker 1: Commission into the Bondai Beach Massacre and Anti Semitism begins

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Speaker 1: public hearings in Sydney at former High Court Judge Virginia

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Speaker 1: Bell will outline how the inquiry will operate before traveling

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Speaker 1: to Bondai to meet survivors and families of the fifteen

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Speaker 1: people killed in the December attack. The commission will examine

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Speaker 1: the rise of anti Semitism in Australia, the radicalization of

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Speaker 1: the two attackers, potential intelligence failures leading up to the attack,

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Speaker 1: and whether governments ignored warnings. A final reporters due by

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Speaker 1: mid December. It will also consider whether legal reforms or

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Speaker 1: broader social changes are needed to counter extremism and strengthen

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Speaker 1: social cohesion. Story number four. I mentioned that there were

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Speaker 1: a lot of companies reporting their results today. Readius Healthcare

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Speaker 1: jumped more than seven percent after announcing better than expected

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Speaker 1: revenue and earnings, even though net profit was weighed down

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Speaker 1: by acquisition related items. Petrol and diesel supplier Ampole posted

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Speaker 1: a thirty three percent drop in net profit for the

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Speaker 1: full year, But if you exclude the impact of oil

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Speaker 1: prices on inventries, which is a measure that gives essentially

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Speaker 1: a better view of how the business is actually traveling,

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Speaker 1: then profit was up more than eighty percent. The share

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Speaker 1: price was down two percent. Today, software company Newey surged

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Speaker 1: more than fifteen percent it's December results exceeded expectations. Plumbing

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Speaker 1: Group Rece jumps nearly fourteen percent after its first half

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Speaker 1: earnings beat consensus forecasts, and lend Lease fell seven point

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Speaker 1: two percent as it swung to an operating net loss

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Speaker 1: of three hundred and eighteen million dollars driven by a

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Speaker 1: two hundred and eighty four million dollar right down. And finally,

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Speaker 1: story number five US Secret Service agents and a local

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Speaker 1: sheriff's deputy have shot dead a twenty one year old

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Speaker 1: man who entered the secure perimeter of Donald Trump's Mari

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Speaker 1: Lago estate in Florida. Authority say the man was carrying

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Speaker 1: a gas canister and a shotgun and raised the weapon

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Speaker 1: after being ordered to drop it. The President was not

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Speaker 1: at the property at the time. The FBI is leading

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Speaker 1: the investigation. No officers were injured in the incident, and

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Speaker 1: the incident actually comes after two separate assassination attempts on

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Speaker 1: Donald Trump during the twenty twenty four campaign, which added

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Speaker 1: to the heightened security concerns around the residents Florida estate.

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Speaker 1: And that is it for the Afternoon Report for Monday,

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Speaker 1: the twenty third of February. Make sure you're following the

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Speaker 1: podcast and headlong to Fearandgreed dot com dot au to

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Speaker 1: sign up for our free daily newsletter. Are Michael Thompson

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Speaker 1: Enjoy your evening