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

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Speaker 1: for Friday eighty thirty, May twenty five, the last training

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Speaker 1: day of the month. I'm sean al month every afternoon.

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Speaker 1: We've got the five stories that happened today that you

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Speaker 1: need to know about.

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Speaker 2: Story number one.

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Speaker 1: The S and p ASX two hundred closed up zero

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Speaker 1: point three percent today to finish at eighty four hundred

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Speaker 1: and thirty five points for the month of May. The

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Speaker 1: market was up three and a half percent. The safety

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Speaker 1: of utilities and consumer staples were sought today, while energy

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Speaker 1: stocks were sold off, not that it was a particularly

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Speaker 1: busy day.

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Speaker 2: Among the large caps, the banks did well. Commonwealth Bank,

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Speaker 2: National Australia Bank in Westpac all rose more than one percent.

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Speaker 2: Forest Few Metals Group and Woodside both dropped more than

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Speaker 2: two percent of oil. Sigma Healthcare and Ria Group were

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Speaker 2: down around two and a half percent. In corporate news,

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Speaker 2: health Co Healthcare and Wellness Ariit surged after striking an

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Speaker 2: agreement with tenant health Scope and its receivers to partially

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Speaker 2: defer rent payments. Story number two. Westpac is changing its

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Speaker 2: lending rules to make it easier to find out as

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Speaker 2: the gas industry even as it demands big emitting customers

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Speaker 2: provide more details of their plans to wean themselves off

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Speaker 2: fossil fuels or risk having funding stopped. The bank has

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Speaker 2: briefed investors that intends to change the global warming target

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Speaker 2: that it uses to assess energy transition plans. According to

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Speaker 2: the finn Review, it will loosen those ambitions from one

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Speaker 2: and a half degrees above pre industrial levels to simply

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Speaker 2: match the goals of the Paris Agreement, which refers more

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Speaker 2: generally to well below two degrees. The change came in

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Speaker 2: the same week that the Albanese government green lighted Woodside

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Speaker 2: Energy's proposal to extend the north West Shelf gas development

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Speaker 2: for forty years now. A Westpac, not surprisingly is a

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Speaker 2: lender a Woodside and the other major ASX listed gas

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Speaker 2: producer Santos Storry Number three. One Nation has won the

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Speaker 2: sixth Senate seat in New South Wales as he vote

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Speaker 2: counties finalized, cementing a comeback for Pauline Hansen's party in

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Speaker 2: the May three election. The result brings One Nation's numbers

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Speaker 2: in the Senate to four. There's two from Queensland, including

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Speaker 2: MS Hanson, one each from Western Australia. And now New

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Speaker 2: South Wales and before we leave politics. Opposition leader Susan

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Speaker 2: Lee has paid tribute to her mother, Angela Mary Braybrooks

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Speaker 2: for her strength and commitment to being her authentic self

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Speaker 2: at a funeral in Aubrey today. Straight number four, King

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Speaker 2: Charles and Queen Camilla have shared a message with the

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Speaker 2: Australian people following the New South Wales floods that left

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Speaker 2: five people dead. In a message, the King said, and

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Speaker 2: I quote my wife and I have been so greatly

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Speaker 2: concerned to hear of the widespread and devastating flooding across

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Speaker 2: the New South Wales, Hunter and Mid North Coast regions

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Speaker 2: of Australia. We can only say that our thoughts are

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Speaker 2: very much with all those who have been affected so badly,

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Speaker 2: especially the family and friends of the five people who

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Speaker 2: tragically lost their lives. We send our special prayers and

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Speaker 2: the deepest possible sympathy to all who mourn them. And

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Speaker 2: Story number five, a US federal appeals court gave Donald

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Speaker 2: Trump's global tariff plants a temporary reprieve overnight, pausing a

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Speaker 2: ruling that had found his Liberation Day levies to be illegal.

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Speaker 2: The US Court of Appeals for the Federal Circuit granted

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Speaker 2: the temporary stay until further notice. The stay was issued

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Speaker 2: hours after the White House of hour to go to

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Speaker 2: the Supreme Court to try to overturn a judicial decision

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Speaker 2: on Wednesday night that Trump could not use emergency economic

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Speaker 2: powers to impose sweeping tariffs on training partners. The latest

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Speaker 2: decision marks i legal win for the Trump administration, but

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Speaker 2: leaves the longer term fate of its global tariff regime

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Speaker 2: in the balance. According to the ft, the US can

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Speaker 2: continue to collect tariffs while the stays in place. That's

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Speaker 2: it for the afternoon report for Friday, the thirtieth of

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Speaker 2: May twenty five. Make sure you hit follow on the podcast.

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Speaker 2: We'll be back tomorrow morning with a weekend edition.

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Speaker 1: The past five business years, I've View and Greed.

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Speaker 2: I'm Sean Elmer.

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Speaker 1: I'm Joey Reeb