1
00:00:03,720 --> 00:00:06,480
Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

2
00:00:06,519 --> 00:00:09,360
Speaker 1: for Monday, the seventeenth of February twenty twenty five. I'm

3
00:00:09,400 --> 00:00:12,400
Speaker 1: Sean Almer. Every afternoon, we've got the five stories that

4
00:00:12,520 --> 00:00:14,720
Speaker 1: happened today that you need to know about. Stratum one

5
00:00:14,720 --> 00:00:17,320
Speaker 1: on this and PASX two hundred closed down just to

6
00:00:17,320 --> 00:00:20,040
Speaker 1: touch today to finish at eight five hundred and thirty

7
00:00:20,040 --> 00:00:23,480
Speaker 1: seven points. It dropped earlier in the morning then then

8
00:00:23,600 --> 00:00:26,400
Speaker 1: sort of spent most of the session climbing higher until

9
00:00:26,480 --> 00:00:30,160
Speaker 1: his teas and consumer staples did best, while financials and

10
00:00:30,280 --> 00:00:33,280
Speaker 1: energy stocks lagged. Gold stocks, which have been the best

11
00:00:33,280 --> 00:00:35,800
Speaker 1: of the market for most of this year, were sold

12
00:00:35,800 --> 00:00:38,839
Speaker 1: off as the price of the precious metal fol golds

13
00:00:38,840 --> 00:00:41,320
Speaker 1: back down to about twenty nine hundred US dollarsand ounce.

14
00:00:41,640 --> 00:00:44,360
Speaker 1: In corporate years, lend Lisa's share price rose after it

15
00:00:44,400 --> 00:00:47,199
Speaker 1: announced its half year profit. The group is in the

16
00:00:47,200 --> 00:00:50,920
Speaker 1: midst of a strategy overhaul, shifting away from global operations.

17
00:00:51,280 --> 00:00:54,080
Speaker 1: Woodside Energy share price fell three percent after the oil

18
00:00:54,080 --> 00:00:57,400
Speaker 1: and gas producer issued guidance for costs and tax expenses

19
00:00:57,400 --> 00:01:00,440
Speaker 1: for the twenty twenty four year, which suggest yes the

20
00:01:00,560 --> 00:01:02,800
Speaker 1: final divid end which will be announced in about a

21
00:01:02,840 --> 00:01:06,440
Speaker 1: week's time might just disappoint and a quick mention of

22
00:01:06,480 --> 00:01:10,000
Speaker 1: these Aussie dollar up to sixty three point six US cents.

23
00:01:10,480 --> 00:01:13,280
Speaker 1: Story number two. One company that hasn't had a good

24
00:01:13,360 --> 00:01:17,040
Speaker 1: time of it recently is Arizon. It's a haulage business

25
00:01:17,040 --> 00:01:20,240
Speaker 1: that shifts coal, grain and other commodities around Queensland, South

26
00:01:20,280 --> 00:01:24,040
Speaker 1: Australia and the Northern Territory. It also owns the rail lines.

27
00:01:24,240 --> 00:01:27,920
Speaker 1: It announced a disappointing earnings result today and downgraded its

28
00:01:27,920 --> 00:01:31,320
Speaker 1: full year forecast, sending its share price lower. In fact,

29
00:01:31,360 --> 00:01:33,920
Speaker 1: it to hit an all time low. Basically, this is

30
00:01:33,920 --> 00:01:37,839
Speaker 1: a company that needs a kickstart. It's been talking about

31
00:01:37,880 --> 00:01:40,760
Speaker 1: separating the train line business and the haulage business for

32
00:01:40,800 --> 00:01:43,920
Speaker 1: a long time. Most similar organizations actually do one or

33
00:01:43,959 --> 00:01:45,720
Speaker 1: the other, but not both. But because it used to

34
00:01:45,720 --> 00:01:49,440
Speaker 1: be Queensland Rail, it does both. I thought an interesting

35
00:01:49,480 --> 00:01:51,920
Speaker 1: fact of the day from this story. Shipping line A

36
00:01:52,040 --> 00:01:55,720
Speaker 1: and L brings in about one hundred containers every ten days.

37
00:01:55,800 --> 00:01:58,080
Speaker 1: It's ten a day on average, and they're sent on

38
00:01:58,160 --> 00:02:03,800
Speaker 1: Horizon trains to South Australia. Ten containers every day. That's

39
00:02:03,800 --> 00:02:05,760
Speaker 1: a lot of stuff. Straight up. A three majority of

40
00:02:05,840 --> 00:02:09,160
Speaker 1: voters don't believe the federal Labour government deserves to be

41
00:02:09,200 --> 00:02:12,720
Speaker 1: re elected, with Anthony Albanez's approval rating hitting a record

42
00:02:12,800 --> 00:02:17,280
Speaker 1: low of minus twenty one, but voters remain reluctant to

43
00:02:17,400 --> 00:02:20,360
Speaker 1: swing behind Peter Dunton in sufficient numbers at least for

44
00:02:20,440 --> 00:02:23,680
Speaker 1: the coalition to win a majority government. As MP's prepare

45
00:02:23,720 --> 00:02:26,320
Speaker 1: for a federal election to be called potentially within weeks.

46
00:02:26,600 --> 00:02:30,160
Speaker 1: An exclusive news poll conducted for The Australian shows the

47
00:02:30,200 --> 00:02:33,240
Speaker 1: Coalition maintaining a fifty one to forty nine percent two

48
00:02:33,280 --> 00:02:37,200
Speaker 1: party preferred lead over Labour despite a one point four

49
00:02:37,280 --> 00:02:40,280
Speaker 1: in its primary vote to thirty eight percent. Labour's primary

50
00:02:40,360 --> 00:02:43,440
Speaker 1: vote remains stuck on an equal record low of thirty

51
00:02:43,480 --> 00:02:47,000
Speaker 1: one percent the two party preferred result. In the case

52
00:02:47,000 --> 00:02:49,720
Speaker 1: of three point one percent swing against Labor since the

53
00:02:49,800 --> 00:02:52,960
Speaker 1: last election, on a uniform basis and taking into account

54
00:02:53,000 --> 00:02:56,960
Speaker 1: new margins created by electoral redistributions, the swing would be

55
00:02:57,000 --> 00:02:59,480
Speaker 1: the equivalent to the loss of seven or eight seats. Now,

56
00:02:59,520 --> 00:03:04,520
Speaker 1: that's enough to prevent Mistrailmanezi forming a majority government, however,

57
00:03:05,120 --> 00:03:08,840
Speaker 1: not enough for the coalition to win power. Story numerfore

58
00:03:08,880 --> 00:03:12,120
Speaker 1: plenty going on at Star Entertainment, the AFI is reporting

59
00:03:12,440 --> 00:03:15,800
Speaker 1: that publican Bruce Matheson wants to buy the group's Goal

60
00:03:15,880 --> 00:03:18,000
Speaker 1: Coast property, or at least he did last year for

61
00:03:18,000 --> 00:03:20,960
Speaker 1: about five hundred and fifty million dollars. Reckon, they take

62
00:03:21,000 --> 00:03:23,120
Speaker 1: that now the market capital the company's only three hundred

63
00:03:23,120 --> 00:03:26,320
Speaker 1: and seventy three million dollars. Also, oak Tree Capital Management,

64
00:03:26,320 --> 00:03:30,720
Speaker 1: which is a specialist in distressed debt situations, is interested

65
00:03:30,720 --> 00:03:33,959
Speaker 1: in refinancing the company's loans. There's also offered from a

66
00:03:34,000 --> 00:03:37,920
Speaker 1: Hong Kong group for Queen's Wharf in Brisbane that apparently

67
00:03:38,000 --> 00:03:42,000
Speaker 1: isn't being considered. Meanwhile, Starr's former chief cacino officer, Greg

68
00:03:42,040 --> 00:03:44,640
Speaker 1: Hawkins has agreed to settle with the corporate regulator over

69
00:03:44,680 --> 00:03:48,320
Speaker 1: his misconduct in dealing with a large Macaw junket operator.

70
00:03:48,800 --> 00:03:51,520
Speaker 1: Bottom line and all this, this company is very very

71
00:03:51,560 --> 00:03:55,720
Speaker 1: close to voluntary administration. If the Tree deal doesn't come off,

72
00:03:56,040 --> 00:03:59,320
Speaker 1: some investors think it will end up in voluntary administration

73
00:03:59,800 --> 00:04:04,080
Speaker 1: and story number five. European countries are coalescing over the

74
00:04:04,160 --> 00:04:07,840
Speaker 1: United States's attitude to Russia and Ukraine, with the BLOCKS

75
00:04:07,880 --> 00:04:11,760
Speaker 1: President saying the EU must be involved in negotiations about

76
00:04:11,760 --> 00:04:15,160
Speaker 1: the end of the war. EU President Antonio Costa and

77
00:04:15,240 --> 00:04:17,960
Speaker 1: other senior European leaders a meeting in Paris this week

78
00:04:18,080 --> 00:04:21,680
Speaker 1: to discuss their response to US President Donald Trump's decision

79
00:04:21,720 --> 00:04:23,880
Speaker 1: to begin talks to end the almost three year war

80
00:04:24,120 --> 00:04:27,200
Speaker 1: with Russia's Vladimir Putin. The Paris talks come as the

81
00:04:27,320 --> 00:04:30,160
Speaker 1: US and Russia's top diplomats prepare for face to face

82
00:04:30,240 --> 00:04:33,280
Speaker 1: talks in Saudi Arabia, and we'll focus on how to

83
00:04:33,279 --> 00:04:36,000
Speaker 1: respond to the fast moving negotiations and Trump's demand for

84
00:04:36,040 --> 00:04:39,680
Speaker 1: Europe to reduce its reliance on US military support. That's

85
00:04:39,720 --> 00:04:42,280
Speaker 1: it the Afternoon Report for Monday, the seventeenth of February

86
00:04:42,320 --> 00:04:44,680
Speaker 1: twenty twenty five. Make sure you follow on the podcast.

87
00:04:45,040 --> 00:04:47,000
Speaker 1: We will be back tomorrow morning with a Tuesday edition

88
00:04:47,040 --> 00:04:50,040
Speaker 1: Offear and Greed business news. I'm jan elma Enjoy your

89
00:04:50,080 --> 00:04:50,359
Speaker 1: evening