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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Wednesday, the ninth of April twenty twenty five. I'm

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Speaker 1: suan Alma. Every afternoon, We've got the five stories that

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Speaker 1: happen today that you need to know about. Story number one,

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Speaker 1: there was no relief in financial markets today, with the

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Speaker 1: S ANDPASX two hundred finishing it down at nearly two

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Speaker 1: percent to seven three hundred and seventy five points. It

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Speaker 1: was all about the commodities companies today, with another fifty

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Speaker 1: percent tariff on China from the US, taking the new

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Speaker 1: rate to one hundred and four percent, triggering fears of

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Speaker 1: a slowdown in demand for Australian products. BHP fourt s

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Speaker 1: Q Metals, Rio, Tinto, Woodside, Santos all closed down in

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Speaker 1: that four to five percent region. Pharmaceutical Lead CSL also tumbled.

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Speaker 1: It was down five percent on fears of new tariffs

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Speaker 1: on drugs. CommonWell Fank was among the best performers of

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Speaker 1: the top two hundred. It actually rose, it was up

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Speaker 1: zero point seven percent. Story number two. A catastrophic mid

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Speaker 1: air helicopter crash in January twenty twenty V three was

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Speaker 1: preventable if a litany of technical and safety issues had

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Speaker 1: been rectified before four people were killed and nine injured.

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Speaker 1: Two SeaWorld helicopters collided above the Gold Coast Broadwater and

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Speaker 1: today the Australian Transport Safety Bureau handed down its final

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Speaker 1: report into the crash. Now according to The Sydney Morning Herald,

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Speaker 1: the report found an inbound taxiing call from one of

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Speaker 1: the helicopters failed to register to the second chopper boarding

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Speaker 1: people on the helipad. The first helicopter waited for a

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Speaker 1: taxi corps from the second helicopter to separate to avoid

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Speaker 1: a mid air collision, but it never came. The report said.

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Speaker 1: The departing pilot made the taxi calls, but it was

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Speaker 1: not broadcast due to a fault in the antenna that

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Speaker 1: had existed for days that allowed it to receive calls

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Speaker 1: but not deliver them. The report found limitations and visibility

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Speaker 1: from both helicopters. The failed radio transmissions and competing priorities

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Speaker 1: when looking at boats and other aircraft led to the

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Speaker 1: tragic mid air crash. Story number three. With all the

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Speaker 1: turmoil going on in global markets, where's the best place

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Speaker 1: to invest? Well, the US remains number one. According to

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Speaker 1: Australian Supers chief investment officer Mark Delaney, the US continues

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Speaker 1: to look like the most attractive investment region on a

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Speaker 1: long term basis. He says more than half of Izi's

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Speaker 1: Super's international exposure is in America. Angelaney says he hasn't

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Speaker 1: produced this in recent weeks. According to an interview with

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Speaker 1: Financial Times, I quote the US has a lot positive

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Speaker 1: going for it. Strong economic performance though it's given a

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Speaker 1: bit back, strong productivity growth, strong profit growth, and by

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Speaker 1: any measure, many of the best companies in the world.

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Speaker 1: All that makes it an attractive place to store capital.

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Speaker 1: Delaney said it's important to focus on the medium to

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Speaker 1: long term story. Number four. Guzman e Gomes founder and

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Speaker 1: chief executive Stephen Marx is confident diners will keep coming

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Speaker 1: through the doors of his restaurants because, as he put it,

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Speaker 1: people still got to eat. Guzman's third quarter sales performance

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Speaker 1: shows strong sales growth and confirms the group will exceed

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Speaker 1: full year earnings guidance. While customers are skewed heavily to

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Speaker 1: younger people, including teenagers, his older customers are still turning up.

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Speaker 1: Guzman Egomez said. Comparable sales growth in the Australian segment,

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Speaker 1: where two hundred and eleven of its two hundred and

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Speaker 1: forty one stores are located. Continues across all channels, parts

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Speaker 1: of the day, formats and store ownership types. Same store

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Speaker 1: sales growth the group's Australian stores were eleven percent higher

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Speaker 1: for the third quarter of twenty twenty five. And finally,

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Speaker 1: story number five. The federal election is being swamped by

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Speaker 1: the tariff news, so you can imagine corporate news is

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Speaker 1: not seeing much daylight. There was a bit around today.

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Speaker 1: Regal Partners tumble twelve percent after its funds lost five

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Speaker 1: hundred and forty million dollars in the March quarter due

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Speaker 1: to the write down of its stake in biotech Opthia

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Speaker 1: nine Entertainment fillm more than three percent despite signing a

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Speaker 1: two hundred and ten million dollar broadcast rights deal with

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Speaker 1: Rugby Australia. The agreement runs to the end of this decade.

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Speaker 1: And finally, the Competition Regulator has given Wilworth the green

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Speaker 1: light for its full purchase of Ready Meals, Makeup and Johnston.

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Speaker 1: Who are they? Well, they make those Simon load beef

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Speaker 1: pies very tasty. That's it. The afternoon report for Wednesday

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Speaker 1: the ninth of April twenty twenty five. Make sure you

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Speaker 1: hit follow on the podcast. We'll be back tomorrow morning.

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Speaker 1: We see Thursday edition off for your and greed business news.

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Speaker 1: I'm sure Elma enjoy your evening