1 00:00:04,120 --> 00:00:07,320 Speaker 1: Welcome to Fear and Greed. Business News Afternoon Report for Thursday, 2 00:00:07,360 --> 00:00:09,600 Speaker 1: the ninth of October twenty twenty five. I'm sure in 3 00:00:09,640 --> 00:00:12,640 Speaker 1: Alma every afternoon we've got the five stories that happened 4 00:00:12,640 --> 00:00:14,400 Speaker 1: today that you need to know about story and I'm 5 00:00:14,400 --> 00:00:17,120 Speaker 1: one there's in PA six two hundred closed up one 6 00:00:17,200 --> 00:00:19,560 Speaker 1: quarter of percent today to eight thousand, nine hundred and 7 00:00:19,560 --> 00:00:23,160 Speaker 1: seventy points. Materials was the best performing sector and offset 8 00:00:23,200 --> 00:00:26,560 Speaker 1: losses in banks and textocs. Couper miners did well, with 9 00:00:26,640 --> 00:00:30,240 Speaker 1: the red metal hitting sixteen month high this morning. BHP 10 00:00:30,360 --> 00:00:32,840 Speaker 1: and RIO both rallied on the news. Lithium miners also 11 00:00:32,960 --> 00:00:37,199 Speaker 1: tracked higher, with Lake Resources, Igo and Mineral Resources outperforming. 12 00:00:37,560 --> 00:00:40,080 Speaker 1: Gold and silver miners generally dropped on a bout of 13 00:00:40,120 --> 00:00:43,400 Speaker 1: profit taking. Among the large caps, National Australia Banking Commonwealth 14 00:00:43,440 --> 00:00:46,240 Speaker 1: Bank both fell more than one percent. Al Sigma Healthcare 15 00:00:46,320 --> 00:00:49,159 Speaker 1: was up more than three percent. Story number two. Israel 16 00:00:49,200 --> 00:00:51,919 Speaker 1: and Tamas have agreed a deal to release all the 17 00:00:51,960 --> 00:00:55,400 Speaker 1: remaining hostages held in Gaza as part of the first 18 00:00:55,440 --> 00:00:58,400 Speaker 1: phase of US President Donald Trump's plan to end the 19 00:00:58,440 --> 00:01:01,840 Speaker 1: devastating two year war in According to The Financial Times, 20 00:01:02,200 --> 00:01:06,160 Speaker 1: Trump wrote on truth social All of the hostages will 21 00:01:06,200 --> 00:01:09,080 Speaker 1: be released very soon, and Israel will withdraw their troops 22 00:01:09,120 --> 00:01:13,560 Speaker 1: to an agreed uponline as the first steps towards a strong, durable, 23 00:01:13,640 --> 00:01:18,120 Speaker 1: and everlasting peace. The agreement marks a significant breakthrough in 24 00:01:18,480 --> 00:01:21,320 Speaker 1: the US President's renewed push to end the war, which 25 00:01:21,360 --> 00:01:24,800 Speaker 1: has killed tens of thousands of people, devastated Gaza, and 26 00:01:24,840 --> 00:01:27,920 Speaker 1: triggered a wave of conflict across the Middle East. Israeli 27 00:01:28,200 --> 00:01:31,040 Speaker 1: Prime Minister Benjamin Nettinnie, who said he would convene his 28 00:01:31,080 --> 00:01:34,720 Speaker 1: government tonight to approve the agreement and bring all our 29 00:01:34,800 --> 00:01:38,759 Speaker 1: beloved hostages home. Story number three, a price dispute between 30 00:01:38,800 --> 00:01:42,000 Speaker 1: BHP and China state run iron or buyer risks dragging 31 00:01:42,040 --> 00:01:44,760 Speaker 1: on for months and even into next year, as both 32 00:01:44,800 --> 00:01:48,640 Speaker 1: sides remain locked in a stalemate. According to Bloomberg, so far, 33 00:01:48,720 --> 00:01:51,600 Speaker 1: the world's largest miner has seen minimal disruption in its 34 00:01:51,640 --> 00:01:54,760 Speaker 1: shipments to China, largely because the company has already sold 35 00:01:54,760 --> 00:01:58,240 Speaker 1: most of its allocation of iron ore for November and December. 36 00:01:58,600 --> 00:02:02,240 Speaker 1: The crunch time will be next year. PHP's put forward 37 00:02:02,240 --> 00:02:05,120 Speaker 1: as many as fifty cargoes in the days after China 38 00:02:05,160 --> 00:02:08,080 Speaker 1: Mineral Resources Group ordered a suspension of purchases at the 39 00:02:08,160 --> 00:02:10,560 Speaker 1: end of last month. The shipments have been offered to 40 00:02:10,639 --> 00:02:14,800 Speaker 1: international traders and at least one other Chinese outfit. Story 41 00:02:14,880 --> 00:02:18,359 Speaker 1: number four. Hex's debt cuts of twenty percent will take 42 00:02:18,400 --> 00:02:21,639 Speaker 1: effect the three million Australians from next month, with a 43 00:02:21,720 --> 00:02:25,280 Speaker 1: majority of cuts delivered before Christmas. That's according to Education 44 00:02:25,360 --> 00:02:28,680 Speaker 1: Minister Jason clare Claire said, the average debt holder with 45 00:02:28,680 --> 00:02:31,000 Speaker 1: a loan of twenty seven thy six hundred would have 46 00:02:31,040 --> 00:02:34,160 Speaker 1: their Hex's debt cut by five and a half thousand dollars. 47 00:02:34,400 --> 00:02:37,600 Speaker 1: The government will also raise the threshold for payments. Good 48 00:02:37,880 --> 00:02:41,200 Speaker 1: news for former students and story number five. An Australian 49 00:02:41,240 --> 00:02:44,360 Speaker 1: scientist has been jointly awarded the Nobel Prize for chemistry. 50 00:02:44,600 --> 00:02:48,160 Speaker 1: Prime Minister Anthony Albernezi in Opposition leader Susan Lee congratulated 51 00:02:48,200 --> 00:02:52,120 Speaker 1: Professor Richard Robson of the University of Melbourne, who received 52 00:02:52,120 --> 00:02:54,760 Speaker 1: the award for his achievements in the development of metal 53 00:02:54,840 --> 00:02:59,359 Speaker 1: organic frameworks, which could lay the groundwork for extracting greenhouse 54 00:02:59,360 --> 00:03:03,200 Speaker 1: gases from the other atmosphere and harvesting moisture from desert environments. 55 00:03:03,760 --> 00:03:06,320 Speaker 1: That's it for the Fast five Afternoon Report for Thursday, 56 00:03:06,360 --> 00:03:08,360 Speaker 1: the ninth of October twenty twenty five. Make sure you 57 00:03:08,560 --> 00:03:11,000 Speaker 1: follow on the podcast. We will be back tomorrow morning 58 00:03:11,040 --> 00:03:14,360 Speaker 1: with your Friday edition of Fear and Greeds Past five. 59 00:03:14,760 --> 00:03:16,919 Speaker 1: I'm Sean alma Enjoy read