December 15, 2025 • 16 mins
The national cabinet will pursue much tougher gun laws, as the federal government faces criticism for not doing enough to stop antisemitism, following Sunday’s massacre in Bondi.
- Corporate regulator ASIC comes down hard on the ASX.
- One of Australia’s largest cattle properties is sold for more than $300 million. Elon Musk’s SpaceX is valued at $US800 billion.
- New footage shows killer whales hunting in tandem with dolphins.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
Welcome to Fear and Greed business news you can use today.
The National Cabinet will pursue much tougher gun laws as
the federal government faces criticism for not doing enough to
stop anti Semitism following Sunday's massacre in Bondai. Corporate regulator
ASSEK comes down hard on the ASX, and one of
Australia's largest cattle properties is sold for more than three
(00:26):
hundred million dollars. Plus Elon Musk's SpaceX is valued at
eight hundred billion US dollars and incredible new footage shows
killer whales hunting in tandem with dolphins. It is Tuesday,
the sixteenth of December twenty twenty five. I'm Michael Thompson
and good morning, Sean Aylmer.
Speaker 2 (00:44):
Good morning, Michael, Sean the.
Speaker 1 (00:46):
Main story this morning. The National Cabinet will pursue tighter
gun laws, including banning non citizens from owning firearms, as
the Federal government faces calls for an inquiry into the
failure of AZIO to prevent the massacre at Bondai on Sunday.
Speaker 2 (01:02):
And Prime Minister Anthony Alberanezi is also facing criticism about
his government's failure to combat anti Semitism, and the argument
is that party a role in the attack. Yesterday, the
Prime Minister pledged to boost a fund that provides security
for Jewish people and their institutions, and held a meeting
with state and territory leaders yesterday afternoon. The leaders agreed
(01:24):
to pursue nationally uniform laws that would limit the number
of firearms a person could own, abolish open ended gun
licenses by subjecting them to periodic review, ban the types
of weapons used in Sunday's massacre, and limit gun licenses
to Australian citizens. The Prime Minister called for the same
support that allowed John Howard to ban semi automatic weapons
(01:47):
after the nineteen ninety six Port Arthur massacre.
Speaker 1 (01:51):
Opposition leader Susan Lee has said that it's too early
to discuss gun laws, as she was criticizing the Labor
government for failing to keep Jewish Shadow Attorney General Mikaylia
Cash has called for a quote sensible discussion on values
based immigration, while Opposition backbencher Andrew Hasty has called for
(02:11):
a rethink of migration policy.
Speaker 2 (02:13):
Yes, so, I think the immigration debate is kind of
what comes next right now. The basic charge against the
government is that it hasn't been tough enough in responding
to acts of violence against Jews and Jewish institutions, and
there've been too tolerant of public displays of hatred and
anti semitism on university campuses and in the streets. That's
(02:35):
according to the Finn Review. Critics said the government has
allowed some of the nation's most famous landmarks, the Harbor
Bridge the Opera House, to be used as backdrops for hatred.
The government's also been criticized for ignoring its Special Envoy
on Anti Semitism, Jillian Siegel, and her recommendations that she
put forward in July to stamp down on it.
Speaker 1 (02:57):
Now, just recapping what we already know now sean fifteen
people were killed by the gunman and a further forty
were injured, including two police officers. The gunmen were father
and son, Serjd and Navid Akram. The fifty year old
father died in the gunfight on Sunday, while the twenty
four year old son is in a coma in hospital,
(03:18):
and police have ruled out the involvement of a third attacker.
Speaker 2 (03:22):
While the father migrated to Australia and was not an
Australian citizen, the son was born and educated in Sydney.
He had come to Asier's attention in twenty nineteen and
was watched for six months over an association with a
Sydney based Islamic cel, but was assessed as not being
an ongoing threat. That is where the criticism of Asia
(03:44):
came in. Yesterday, the tragedy has claimed the lives, as
you said, Michael, of fifteen people to local rabbis, a
French national Holocaust survivor, a great grandfather, and a ten
year old girl called Matilda, among others. Of the twenty
seven victims still in hospital, twelve are in a critical condition.
(04:04):
Flowers were laid outside the bondlike pavilion near where the
shooting spree began, and in Sydney long Que's form to
give blood after the state Premier Chris Men's appealed for donations.
In fact, Michael, it was the biggest single blood donation
day since the two thousand and nine Black Saturday bushfires
in Victoria. Massacre triggered global condemnation of the attacks and
sympathy for the victims and their families, from US President
(04:27):
Donald Trump to European leaders, while Israel President Benjamin Netanyahu
blamed Anthony Albanizi for not cracking down on anti Semitism
in Australia.
Speaker 1 (04:38):
And there is something quite remarkable that came out of
everything on Sunday evening, the heroics of Armad al Ahmad,
who was the fruit shop owner who wrestled with one
of the gunmen and took a rifle off him at
incredible risk to his own personal safety. He has been
recognized from everywhere basically around the world, from US President
(05:01):
Donald Trump, who applauded his bravery, to the Bill and
a hedge fund manager Bill Ackman, who donated ninety nine
hundred and ninety nine dollars to a fundraiser supporting Armit.
Speaker 2 (05:13):
Yes, a go fund page was quickly set up to
support Armored, who was injured in the attack last night.
Media reports suggest he may lose his left arm, which
was hit by five bullets, though he was in pretty
good spirits. Chris Mins, the state premier, visited him. Michael
I dare say his bravery will be truly a lasting
imbach of the terror attack. Within hours his go fund
(05:36):
page he had raised two hundred and fifty thousand dollars
for him. Also, the ten year old girl who has
killed Matilda. She's also had a go fund me page
put up last night that had raised nearly three hundred
thousand dollars.
Speaker 1 (05:48):
All right, we're going to take a quick break. We'll
be back in a moment with the rest of the
day's business news. Sean ASX Limited, the company that is,
will lower its dividend payout to pay for reforms demanded
by the corporate regulator following an inquiry into the market.
Speaker 2 (06:09):
Operator AX and ASEX have agreed to a strategic package
of action designed to improve confidence in the AX as
a provider of critical infrastructure. ASSEX report calls for stronger
independence and governance at ax's clearance and settlement facilities board,
an extra one hundred and fifty million dollars capital charge
on the AX, and a commitment to stronger leadership. ASX
(06:31):
will also be forced to reset its long running Accelerate
Transformation project. Basically that one hasn't worked. ASSEX chair Jo
Longo called the deal a circuit breaker and in that
AX needs to emprace a new era of accountability, investment
and stewardship to increase confidence and meet the expectations of
the market in the Australian public. ASX limited share price
(06:53):
closed down six percent yesterday.
Speaker 1 (06:56):
What happens now sean with that? Because obviously we had
the most re a problem with the AX was the
when those price sensitive announcements weren't being published and that
that affected a number of companies. Is it the case
of if there is one more incident, is it kind
of a final strike and kind of heads will roll?
(07:16):
Or is this designed to hopefully fix some of those problems?
Speaker 2 (07:21):
What do you do? We still need an AX. We
don't actually have an alternate. Cibo was going to come
in as an alternate, but it was sold, so we
don't know where that one ends up at the moment. AX.
I mean, the whole idea of actually slowing its Accelerate
Transformation project is to ensure that the market continues to
operate reasonably, transparently and efficiently. Maybe not efficiently, but it's
(07:45):
a real problem because there is no option and we
need the ASEX to work.
Speaker 1 (07:49):
No, no, it's not an easy fix this one.
Speaker 2 (07:52):
Now.
Speaker 1 (07:52):
Treasury Winer States, owner of Penfolds and one of the
worst performing ASX two hundred stocks over the past year,
really into a trading halt, with analysts expecting another significant
earnings down great.
Speaker 2 (08:05):
The halt took effect yesterday morning and will last until tomorrow,
pending more news from Treasury. The company said it's in
the final stages of preparing an update on the company's
outlook ominous. It already had an investor in analyst call
schedule for tomorrow. The omens are not good at Treasury.
Share prices lost more than half of its value in
(08:25):
the past year, and last month it announced a write
down of its US business of at least six hundred
and eighty seven million dollars. We probably will get something today,
if night, it'll be tomorrow morning before the market opens,
and it's probably not going to be good news.
Speaker 1 (08:41):
No, it doesn't sound like it. The signs aren't good.
BHP Sean led the broader market down yesterday. It dropped
three percent, while Rio Tinto and four Deescue Medals were
also sold off.
Speaker 2 (08:53):
Yeah, those stocks did well last week, so there's a
fair bit of profit taking going on yesterday, particularly as
some commodity prices fell back by the closed yes and
PA six two hundred finish down zero point seven percent
to eighty six hundred and thirty five points. Even the
gold miners were sold on. Michael Evolution Mining Northern Star
both falling. The lithium players like PLA and Liontown Resources
(09:14):
were dumped, as with the uranium stocks. The major banks
were mixed, while consumers discretionary stocks did pretty well. Jbhi
Fi was one of the better ones. Yesterday, Coles and
Woolli's locks ground following news on Sunday that the ahriple
c put the supermarkets on alert over price gouging.
Speaker 1 (09:32):
Now PLA, that would be PLS, wouldn't it instead of
the People's Liberation Armyla's probably.
Speaker 2 (09:38):
Gilbral Minroals PLS. I apologize, that's all right.
Speaker 1 (09:41):
I don't think the People's Liberation Army has a huge
amount to do with lithium. Now, I don't know. I
don't know about this next story show and the competition
Watchdogs September quarter petroleum market report has found that average
retail prices in the five largest cities increased in the quarter,
but were lower than twenty twenty f four levels. It
just doesn't feel like it.
Speaker 2 (10:02):
I think petrol prices haven't been too bad.
Speaker 1 (10:06):
I mean, I suppose the problem is you're filling up
with petrol. I'm filling up with diesel. And the two
are completely different at all times.
Speaker 2 (10:14):
Yes, right, that's true. That's true. What I did, I
have noticed the gap because I travel to the country
quite a bit. The gap between metro and regional petrol
prices has narrowed. Okay, that's good news for regional Australium.
The actually C report also examined the uptake of electric vehicles.
Nine point seven percent of new vehicles sold were battery electric.
You're trying to plug in hybrids about almost fourteen percent
(10:36):
over September quarter. The government has directed the AGABC to
extend the monitoring program of petrol prices for another five years.
Speaker 1 (10:43):
Fourdes Q has agreed to acquire the remaining sixty four
percent of alter Copper it does not already own for
one hundred and fifty two million dollars, moving to full
control of the Canadian listed company.
Speaker 2 (10:57):
Yeah. Under this transaction, Altero Copper shareholders will receive cash
at a fifty percent premium to the group's share price
over the past month or so. The acquisition gives fortescue
full ownership of several projects in northern Peru. Our resent
study suggests the development of the main project will cost
about three point three billion dollars to bill, so it
isn't a small chunk of money, but obviously Fortescue is
(11:20):
backing it.
Speaker 1 (11:21):
One of Australia's largest cattle properties, the Beataloo Station in
the Northern Territory, has been sold for a casual three
hundred and fifteen million dollars shorn.
Speaker 2 (11:30):
Very cool property. This one. Consolidated Pastoral Company bought the
property from billionaire retailer Brett Blundy and the Armstrong family.
According to the Australian Properties over one million hectares it
can run ninety thousand cattle sale. At the moment there's
about eighty thousand cattle on it, so the sale includes that.
It's seven hundred and fifty klometers southeast of Darwin, close
(11:51):
to the Stuart high Way, pretty much the middle of
the Northern Territory. It actually began operating in the eight
a nineties. Occupies about ten and a half one thousand
square kilometers. It's hard to get your head around, shame
it is famous. In recent years it's had some issues
me in certainly around environment, but it's actually known for
its innovation around the use of water. It has been
(12:14):
on sale for a while in a CPC. The Consolidated
pastoral company. It's an Australian company but owned by British Equity.
Operates here in Indonesia. It runs hundreds of thousands of cattle,
some sheep and cropping.
Speaker 1 (12:26):
Yeah, three hundred and fifteen million dollars might sound like
a lot, but it is nothing compared to this next
story Sean in International News. Elon Musk's SpaceX is working
towards an eight hundred billion US dollar initial public offering
next year. After an inside share sale set the value
of the rocket and satellite maker.
Speaker 2 (12:46):
It would be the largest IPO of all time. Over
the weekend, SpaceX set it's preparing for a possible public
offering in twenty twenty six that would be aimed at
funding an insane flight rate. It's words for its developmental
starship rocket, artificial intelligence, data centers in space, and a
base on the Moon. Of course, the latest valuation is
(13:08):
about twice the previous valuation in Jaily. Now, when we
always think of inside a share sales, we think it's bad,
But in this instance, it's just someone who is close
to the company, probably an employee, selling some shares, So
you've got a value days. That's what's happening. It Also
the valuation eight hundred billion US. What's about one point
(13:31):
to get at one point two Ossie, I'd say trillion trillion.
The latest valuation about twice the previous valuation in July,
pushes the company beyond the previous record for a private
company of half a trillion US, so five hundred billion
US that was chat GPT owner open AI that was
(13:51):
set in October. This is even bigger.
Speaker 1 (13:54):
That is huge. Imagine having to list in order to
raise funds to build a base on the Moon is
the most elon must thing I've ever heard. That is amazing.
Now scientists have captured rare footage and it's quite incredible
to watch this of killer whales and Pacific white sided
dolphins hunting together near the coast of British Columbia and Canada.
Speaker 2 (14:16):
Very cool. Despite their common name killer whale orcers are
actually the largest species of dolphin. The findings, published in
the journal Nature Scientific Reports, is the first recorded evidence
of the two working together, according to researchers. The BBC
reported that they studied the mammals using drones and camera
tags to understand feeding behavior. The footage is incredible. Just
(14:37):
before the show, you were saying you were watching it.
Not only were the killer whales orienting themselves towards dolphins
at the surface, but when the dolphins started to dive,
the killer whales would start to dive as well. The
two species also appeared to evesdrop on each other's sounds.
This is according to researchers from Dollhouse University in Canada.
(14:58):
It is worth watching it because it is quite amazing
how in synct they are this huge killer whale with
these dolphins.
Speaker 1 (15:07):
Yeah, and then there's the payoff in that the orcas
go in and make the attack the prey and kind
of tear it apart, and then the dolphins go in
and have their share as well. It is nature working together.
It's incredible. Up next, Sean is Fear and Greed Q
and A. You're speaking today with Tim Carlton from oz
cap Asset Management.
Speaker 2 (15:26):
So we just go through a few stocks he likes
and sector is he likes healthcare property. We are talking
about what happens in like an interest rate environment where
rates are on hold or potentially rising. And so funny
that because probably companies shouldn't do well when rates rise,
healthcare maybe they do. He also throws in just a
(15:47):
left field suggestion. Not in healthcare or property either, well
worth a listen.
Speaker 1 (15:51):
It's an investing curveball. It's a good one that's coming
up next in the Fear and Greed playlist on your
podcast platform or at Fearangreed dot com dot au. Thank
you Sean, Thank you Michael. It's Tuesday, the sixteenth of
December twenty twenty five. Make sure you're following the podcast
and please join us online on LinkedIn, Instagram, x TikTok
and Facebook. I'm Michael Thompson and that was Fear and Greed.
(16:11):
Had a great day.
Welcome to Fear and Greed business news you can use today.
The National Cabinet will pursue much tougher gun laws as
the federal government faces criticism for not doing enough to
stop anti Semitism following Sunday's massacre in Bondai. Corporate regulator
ASSEK comes down hard on the ASX, and one of
Australia's largest cattle properties is sold for more than three
(00:26):
hundred million dollars. Plus Elon Musk's SpaceX is valued at
eight hundred billion US dollars and incredible new footage shows
killer whales hunting in tandem with dolphins. It is Tuesday,
the sixteenth of December twenty twenty five. I'm Michael Thompson
and good morning, Sean Aylmer.
Speaker 2 (00:44):
Good morning, Michael, Sean the.
Speaker 1 (00:46):
Main story this morning. The National Cabinet will pursue tighter
gun laws, including banning non citizens from owning firearms, as
the Federal government faces calls for an inquiry into the
failure of AZIO to prevent the massacre at Bondai on Sunday.
Speaker 2 (01:02):
And Prime Minister Anthony Alberanezi is also facing criticism about
his government's failure to combat anti Semitism, and the argument
is that party a role in the attack. Yesterday, the
Prime Minister pledged to boost a fund that provides security
for Jewish people and their institutions, and held a meeting
with state and territory leaders yesterday afternoon. The leaders agreed
(01:24):
to pursue nationally uniform laws that would limit the number
of firearms a person could own, abolish open ended gun
licenses by subjecting them to periodic review, ban the types
of weapons used in Sunday's massacre, and limit gun licenses
to Australian citizens. The Prime Minister called for the same
support that allowed John Howard to ban semi automatic weapons
(01:47):
after the nineteen ninety six Port Arthur massacre.
Speaker 1 (01:51):
Opposition leader Susan Lee has said that it's too early
to discuss gun laws, as she was criticizing the Labor
government for failing to keep Jewish Shadow Attorney General Mikaylia
Cash has called for a quote sensible discussion on values
based immigration, while Opposition backbencher Andrew Hasty has called for
(02:11):
a rethink of migration policy.
Speaker 2 (02:13):
Yes, so, I think the immigration debate is kind of
what comes next right now. The basic charge against the
government is that it hasn't been tough enough in responding
to acts of violence against Jews and Jewish institutions, and
there've been too tolerant of public displays of hatred and
anti semitism on university campuses and in the streets. That's
(02:35):
according to the Finn Review. Critics said the government has
allowed some of the nation's most famous landmarks, the Harbor
Bridge the Opera House, to be used as backdrops for hatred.
The government's also been criticized for ignoring its Special Envoy
on Anti Semitism, Jillian Siegel, and her recommendations that she
put forward in July to stamp down on it.
Speaker 1 (02:57):
Now, just recapping what we already know now sean fifteen
people were killed by the gunman and a further forty
were injured, including two police officers. The gunmen were father
and son, Serjd and Navid Akram. The fifty year old
father died in the gunfight on Sunday, while the twenty
four year old son is in a coma in hospital,
(03:18):
and police have ruled out the involvement of a third attacker.
Speaker 2 (03:22):
While the father migrated to Australia and was not an
Australian citizen, the son was born and educated in Sydney.
He had come to Asier's attention in twenty nineteen and
was watched for six months over an association with a
Sydney based Islamic cel, but was assessed as not being
an ongoing threat. That is where the criticism of Asia
(03:44):
came in. Yesterday, the tragedy has claimed the lives, as
you said, Michael, of fifteen people to local rabbis, a
French national Holocaust survivor, a great grandfather, and a ten
year old girl called Matilda, among others. Of the twenty
seven victims still in hospital, twelve are in a critical condition.
(04:04):
Flowers were laid outside the bondlike pavilion near where the
shooting spree began, and in Sydney long Que's form to
give blood after the state Premier Chris Men's appealed for donations.
In fact, Michael, it was the biggest single blood donation
day since the two thousand and nine Black Saturday bushfires
in Victoria. Massacre triggered global condemnation of the attacks and
sympathy for the victims and their families, from US President
(04:27):
Donald Trump to European leaders, while Israel President Benjamin Netanyahu
blamed Anthony Albanizi for not cracking down on anti Semitism
in Australia.
Speaker 1 (04:38):
And there is something quite remarkable that came out of
everything on Sunday evening, the heroics of Armad al Ahmad,
who was the fruit shop owner who wrestled with one
of the gunmen and took a rifle off him at
incredible risk to his own personal safety. He has been
recognized from everywhere basically around the world, from US President
(05:01):
Donald Trump, who applauded his bravery, to the Bill and
a hedge fund manager Bill Ackman, who donated ninety nine
hundred and ninety nine dollars to a fundraiser supporting Armit.
Speaker 2 (05:13):
Yes, a go fund page was quickly set up to
support Armored, who was injured in the attack last night.
Media reports suggest he may lose his left arm, which
was hit by five bullets, though he was in pretty
good spirits. Chris Mins, the state premier, visited him. Michael
I dare say his bravery will be truly a lasting
imbach of the terror attack. Within hours his go fund
(05:36):
page he had raised two hundred and fifty thousand dollars
for him. Also, the ten year old girl who has
killed Matilda. She's also had a go fund me page
put up last night that had raised nearly three hundred
thousand dollars.
Speaker 1 (05:48):
All right, we're going to take a quick break. We'll
be back in a moment with the rest of the
day's business news. Sean ASX Limited, the company that is,
will lower its dividend payout to pay for reforms demanded
by the corporate regulator following an inquiry into the market.
Speaker 2 (06:09):
Operator AX and ASEX have agreed to a strategic package
of action designed to improve confidence in the AX as
a provider of critical infrastructure. ASSEX report calls for stronger
independence and governance at ax's clearance and settlement facilities board,
an extra one hundred and fifty million dollars capital charge
on the AX, and a commitment to stronger leadership. ASX
(06:31):
will also be forced to reset its long running Accelerate
Transformation project. Basically that one hasn't worked. ASSEX chair Jo
Longo called the deal a circuit breaker and in that
AX needs to emprace a new era of accountability, investment
and stewardship to increase confidence and meet the expectations of
the market in the Australian public. ASX limited share price
(06:53):
closed down six percent yesterday.
Speaker 1 (06:56):
What happens now sean with that? Because obviously we had
the most re a problem with the AX was the
when those price sensitive announcements weren't being published and that
that affected a number of companies. Is it the case
of if there is one more incident, is it kind
of a final strike and kind of heads will roll?
(07:16):
Or is this designed to hopefully fix some of those problems?
Speaker 2 (07:21):
What do you do? We still need an AX. We
don't actually have an alternate. Cibo was going to come
in as an alternate, but it was sold, so we
don't know where that one ends up at the moment. AX.
I mean, the whole idea of actually slowing its Accelerate
Transformation project is to ensure that the market continues to
operate reasonably, transparently and efficiently. Maybe not efficiently, but it's
(07:45):
a real problem because there is no option and we
need the ASEX to work.
Speaker 1 (07:49):
No, no, it's not an easy fix this one.
Speaker 2 (07:52):
Now.
Speaker 1 (07:52):
Treasury Winer States, owner of Penfolds and one of the
worst performing ASX two hundred stocks over the past year,
really into a trading halt, with analysts expecting another significant
earnings down great.
Speaker 2 (08:05):
The halt took effect yesterday morning and will last until tomorrow,
pending more news from Treasury. The company said it's in
the final stages of preparing an update on the company's
outlook ominous. It already had an investor in analyst call
schedule for tomorrow. The omens are not good at Treasury.
Share prices lost more than half of its value in
(08:25):
the past year, and last month it announced a write
down of its US business of at least six hundred
and eighty seven million dollars. We probably will get something today,
if night, it'll be tomorrow morning before the market opens,
and it's probably not going to be good news.
Speaker 1 (08:41):
No, it doesn't sound like it. The signs aren't good.
BHP Sean led the broader market down yesterday. It dropped
three percent, while Rio Tinto and four Deescue Medals were
also sold off.
Speaker 2 (08:53):
Yeah, those stocks did well last week, so there's a
fair bit of profit taking going on yesterday, particularly as
some commodity prices fell back by the closed yes and
PA six two hundred finish down zero point seven percent
to eighty six hundred and thirty five points. Even the
gold miners were sold on. Michael Evolution Mining Northern Star
both falling. The lithium players like PLA and Liontown Resources
(09:14):
were dumped, as with the uranium stocks. The major banks
were mixed, while consumers discretionary stocks did pretty well. Jbhi
Fi was one of the better ones. Yesterday, Coles and
Woolli's locks ground following news on Sunday that the ahriple
c put the supermarkets on alert over price gouging.
Speaker 1 (09:32):
Now PLA, that would be PLS, wouldn't it instead of
the People's Liberation Armyla's probably.
Speaker 2 (09:38):
Gilbral Minroals PLS. I apologize, that's all right.
Speaker 1 (09:41):
I don't think the People's Liberation Army has a huge
amount to do with lithium. Now, I don't know. I
don't know about this next story show and the competition
Watchdogs September quarter petroleum market report has found that average
retail prices in the five largest cities increased in the quarter,
but were lower than twenty twenty f four levels. It
just doesn't feel like it.
Speaker 2 (10:02):
I think petrol prices haven't been too bad.
Speaker 1 (10:06):
I mean, I suppose the problem is you're filling up
with petrol. I'm filling up with diesel. And the two
are completely different at all times.
Speaker 2 (10:14):
Yes, right, that's true. That's true. What I did, I
have noticed the gap because I travel to the country
quite a bit. The gap between metro and regional petrol
prices has narrowed. Okay, that's good news for regional Australium.
The actually C report also examined the uptake of electric vehicles.
Nine point seven percent of new vehicles sold were battery electric.
You're trying to plug in hybrids about almost fourteen percent
(10:36):
over September quarter. The government has directed the AGABC to
extend the monitoring program of petrol prices for another five years.
Speaker 1 (10:43):
Fourdes Q has agreed to acquire the remaining sixty four
percent of alter Copper it does not already own for
one hundred and fifty two million dollars, moving to full
control of the Canadian listed company.
Speaker 2 (10:57):
Yeah. Under this transaction, Altero Copper shareholders will receive cash
at a fifty percent premium to the group's share price
over the past month or so. The acquisition gives fortescue
full ownership of several projects in northern Peru. Our resent
study suggests the development of the main project will cost
about three point three billion dollars to bill, so it
isn't a small chunk of money, but obviously Fortescue is
(11:20):
backing it.
Speaker 1 (11:21):
One of Australia's largest cattle properties, the Beataloo Station in
the Northern Territory, has been sold for a casual three
hundred and fifteen million dollars shorn.
Speaker 2 (11:30):
Very cool property. This one. Consolidated Pastoral Company bought the
property from billionaire retailer Brett Blundy and the Armstrong family.
According to the Australian Properties over one million hectares it
can run ninety thousand cattle sale. At the moment there's
about eighty thousand cattle on it, so the sale includes that.
It's seven hundred and fifty klometers southeast of Darwin, close
(11:51):
to the Stuart high Way, pretty much the middle of
the Northern Territory. It actually began operating in the eight
a nineties. Occupies about ten and a half one thousand
square kilometers. It's hard to get your head around, shame
it is famous. In recent years it's had some issues
me in certainly around environment, but it's actually known for
its innovation around the use of water. It has been
(12:14):
on sale for a while in a CPC. The Consolidated
pastoral company. It's an Australian company but owned by British Equity.
Operates here in Indonesia. It runs hundreds of thousands of cattle,
some sheep and cropping.
Speaker 1 (12:26):
Yeah, three hundred and fifteen million dollars might sound like
a lot, but it is nothing compared to this next
story Sean in International News. Elon Musk's SpaceX is working
towards an eight hundred billion US dollar initial public offering
next year. After an inside share sale set the value
of the rocket and satellite maker.
Speaker 2 (12:46):
It would be the largest IPO of all time. Over
the weekend, SpaceX set it's preparing for a possible public
offering in twenty twenty six that would be aimed at
funding an insane flight rate. It's words for its developmental
starship rocket, artificial intelligence, data centers in space, and a
base on the Moon. Of course, the latest valuation is
(13:08):
about twice the previous valuation in Jaily. Now, when we
always think of inside a share sales, we think it's bad,
But in this instance, it's just someone who is close
to the company, probably an employee, selling some shares, So
you've got a value days. That's what's happening. It Also
the valuation eight hundred billion US. What's about one point
(13:31):
to get at one point two Ossie, I'd say trillion trillion.
The latest valuation about twice the previous valuation in July,
pushes the company beyond the previous record for a private
company of half a trillion US, so five hundred billion
US that was chat GPT owner open AI that was
(13:51):
set in October. This is even bigger.
Speaker 1 (13:54):
That is huge. Imagine having to list in order to
raise funds to build a base on the Moon is
the most elon must thing I've ever heard. That is amazing.
Now scientists have captured rare footage and it's quite incredible
to watch this of killer whales and Pacific white sided
dolphins hunting together near the coast of British Columbia and Canada.
Speaker 2 (14:16):
Very cool. Despite their common name killer whale orcers are
actually the largest species of dolphin. The findings, published in
the journal Nature Scientific Reports, is the first recorded evidence
of the two working together, according to researchers. The BBC
reported that they studied the mammals using drones and camera
tags to understand feeding behavior. The footage is incredible. Just
(14:37):
before the show, you were saying you were watching it.
Not only were the killer whales orienting themselves towards dolphins
at the surface, but when the dolphins started to dive,
the killer whales would start to dive as well. The
two species also appeared to evesdrop on each other's sounds.
This is according to researchers from Dollhouse University in Canada.
(14:58):
It is worth watching it because it is quite amazing
how in synct they are this huge killer whale with
these dolphins.
Speaker 1 (15:07):
Yeah, and then there's the payoff in that the orcas
go in and make the attack the prey and kind
of tear it apart, and then the dolphins go in
and have their share as well. It is nature working together.
It's incredible. Up next, Sean is Fear and Greed Q
and A. You're speaking today with Tim Carlton from oz
cap Asset Management.
Speaker 2 (15:26):
So we just go through a few stocks he likes
and sector is he likes healthcare property. We are talking
about what happens in like an interest rate environment where
rates are on hold or potentially rising. And so funny
that because probably companies shouldn't do well when rates rise,
healthcare maybe they do. He also throws in just a
(15:47):
left field suggestion. Not in healthcare or property either, well
worth a listen.
Speaker 1 (15:51):
It's an investing curveball. It's a good one that's coming
up next in the Fear and Greed playlist on your
podcast platform or at Fearangreed dot com dot au. Thank
you Sean, Thank you Michael. It's Tuesday, the sixteenth of
December twenty twenty five. Make sure you're following the podcast
and please join us online on LinkedIn, Instagram, x TikTok
and Facebook. I'm Michael Thompson and that was Fear and Greed.
(16:11):
Had a great day.
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