Afternoon Report | ASX slides as Wall St smashed
FEAR & GREED | Business News

Afternoon Report | ASX slides as Wall St smashed

B2Upper-intermediateNovember 6, 20265 min
  • News bulletin
  • Business & money

This is the Fear & Greed Afternoon Report - everything you need to know right now. Today, Wall Street suffers its worst sell-off since Donald Trump's Liberation Day tariffs, with trillions of dollars wiped from US sharemarkets amid fears of tougher regulation of artificial intelligence. Michael Thompson looks at what's behind the tech rout, and how the Australian sharemarket managed to avoid the worst of the global sell-off. Plus, Asian markets plunge, NextDC bucks the trend on the ASX, and Qantas warns of higher airfares and flight cuts as fuel costs soar. Join our...

Play episode

Opens the player: the full transcript, every word clickable, with translation and flashcards.

Try it: tap any word

Real sentences from the start of this episode. Every word is marked with its level.

Sentence 6 of 12 · 0:28

tariff announcement in April of last year. Trillions of dollars wiped from US

, .

market managed to avoid the worst of the global sell off with the S&P ASX 200 falling half

Hear this sentence

Tap a word to see its meaning in your language.

Do you know these words?

8 harder words from this episode. Tap one to see what it means, then mark it.

  • B20:28
  • B20:48
  • B21:33
  • B22:02
  • C13:12
  • C13:57
  • C14:38
  • C14:58

Mark a few words and we'll tell you how this episode fits your level.

Is this episode right for you?

B2

B2 · Upper-intermediate

Comfortable if you already follow TV news

A1 33%A2 41%B1 21%B2 5%C1 0%
  • 95% of the words are B1 or easier.
  • 157 words a minute: a natural pace.
  • 30 harder words (B2 and up) in the whole episode.

Transcript

The opening of the episode. The whole transcript is in the player.

0:00

Welcome to the fear and greed afternoon report for Friday the 6th of November 2026. I'm Michael Thompson and in five minutes we've got everything that you need to know right now and really today it is all about markets. Wall Street overnight suffered its worst sell-off since Donald Trump's Liberation Day

0:23

tariff announcement in April of last year. Trillions of dollars wiped from US markets overnight, as investors really dumped technology stocks. But the Australian share market managed to avoid the worst of the global sell off with the S&P ASX 200 falling half of 1% to 9,021 points after a great day yesterday. Though it could have been much worse today locally,

0:48

because early in the day, the market was off one and a half percent. But the horror lead in that we had from the US. It's worth taking a closer look at the S&P 500 plunged 4.4%, the tech heavy Nasdaq 6.4%. These moves wiped out 2.3 trillion US dollars in market value. The Philadelphia Semiconductor Index, that's the one that tracks the major chip makers, it tumbled 12%, biggest

That was the opening. The rest of the episode (4 min) is in the player: every word clickable, with translation, saved words and flashcards.

Continue in the player

Automatically generated from the audio. May contain errors. Audio belongs to its publisher and is played from their feed. Rights holders can request removal — copyright & takedown policy