FEAR & GREED | Business News Afternoon Report | Four shark attacks in 48 hours
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Jan 20, 2026 This report dives into the alarming wave of four shark attacks in just 48 hours along the New South Wales coast. It also discusses recent votes in Parliament concerning hate speech and gun legislation. Corporate news highlights include Telex’s regulatory updates and the impact of ARB’s revenue drop. Lastly, tensions surface over Danish mock 'Make America Go Away' caps, reflecting a backlash against U.S. sentiments about Greenland. Buckle up for a mix of serious and quirky topics!
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Large Caps Drove The Market Drop
- The S&P/ASX 200 fell 0.7% to 8,816, driven by large-cap weakness.
- Major miners and the four big banks led the declines, with CBA down about 2%.
Senate Will Decide Contested Laws
- The government passed hate speech and gun law bills in the House and now needs key crossbench and Liberal support in the Senate.
- Nationals mostly abstained on hate speech and opposed the gun laws, complicating passage in the upper house.
Four Shark Incidents In Two Days
- New South Wales recorded four shark incidents in under 48 hours, including two people in critical condition.
- The cluster is unusual given the national average of about 20 shark incidents a year.