1 00:00:04,120 --> 00:00:07,280 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:07,360 --> 00:00:10,040 Speaker 1: for Monday, the twenty eighth of July twenty twenty five. 3 00:00:10,200 --> 00:00:12,800 Speaker 1: Are Michael Thompson. Every afternoon, I've got the five stories 4 00:00:12,840 --> 00:00:14,720 Speaker 1: that happened today that you need to know about. Let's 5 00:00:14,760 --> 00:00:16,800 Speaker 1: go with story number one. The S and p ASX 6 00:00:16,840 --> 00:00:20,200 Speaker 1: two hundred closed up zero point four percent today to 7 00:00:20,280 --> 00:00:23,360 Speaker 1: eighty six hundred and ninety nine points. It's a pretty 8 00:00:23,400 --> 00:00:26,400 Speaker 1: good day for the telcos and healthcare companies again, while 9 00:00:26,400 --> 00:00:30,040 Speaker 1: the energy and utilities groups went backwards. The confidence in 10 00:00:30,080 --> 00:00:33,000 Speaker 1: the market today reflects a deal between the US and 11 00:00:33,080 --> 00:00:36,320 Speaker 1: the EU over tariffs, which has announced overnight. I have 12 00:00:36,320 --> 00:00:38,920 Speaker 1: a bit more on that one. Shortly. In corporate news, 13 00:00:39,000 --> 00:00:43,960 Speaker 1: Wistech Global has appointed Zubinapho as permanent chief executive. The 14 00:00:44,040 --> 00:00:49,040 Speaker 1: decision follows an extensive internal and external search. Founder Richard 15 00:00:49,040 --> 00:00:53,440 Speaker 1: White stepped back last year at small cap Stealth Group 16 00:00:53,720 --> 00:00:57,440 Speaker 1: serves more than seventeen percent today before closing around ten 17 00:00:57,480 --> 00:01:00,400 Speaker 1: percent HI. This is an interesting one because it's said 18 00:01:00,400 --> 00:01:03,360 Speaker 1: that it had seen a significant uplift in pre order 19 00:01:03,440 --> 00:01:08,919 Speaker 1: sales for mobile phone accessories aligned to Apple's iPhone seventeen launch. 20 00:01:09,120 --> 00:01:11,959 Speaker 1: So this isn't orders for the phone itself. These are 21 00:01:12,080 --> 00:01:15,399 Speaker 1: things like phone cases and screen protectors and the like, 22 00:01:15,440 --> 00:01:18,920 Speaker 1: and as a result, at the share price closed significantly higher. 23 00:01:19,240 --> 00:01:22,679 Speaker 1: Under story number two, Boss Energy fell a whopping forty 24 00:01:22,760 --> 00:01:26,440 Speaker 1: four percent today after it flagged potential challenges in hitting 25 00:01:26,800 --> 00:01:30,880 Speaker 1: what they call name plate capacity at its Honeymoon uranium 26 00:01:30,880 --> 00:01:33,600 Speaker 1: mine in South Australia. That means Boss might not be 27 00:01:33,600 --> 00:01:37,360 Speaker 1: able to reach output capacity. In essence, it means it 28 00:01:37,360 --> 00:01:40,800 Speaker 1: could be harder to extract the uranium than previously thought, 29 00:01:40,800 --> 00:01:43,760 Speaker 1: which might reflect geological factors or perhaps the structure of 30 00:01:43,760 --> 00:01:46,720 Speaker 1: the deposit. Investors certainly didn't like hearing that, and pushed 31 00:01:46,720 --> 00:01:49,440 Speaker 1: Boss's share price to a three year low. The news 32 00:01:49,520 --> 00:01:53,920 Speaker 1: overshadowed Boss's relatively strong quarterly production report, with its Honeymoon 33 00:01:53,960 --> 00:01:58,200 Speaker 1: project actually exceeding full year guidance. The company also said 34 00:01:58,200 --> 00:02:00,280 Speaker 1: that the CEO will be stepping down the end of 35 00:02:00,320 --> 00:02:03,400 Speaker 1: September and will be replaced by the Chief operating officer. 36 00:02:03,920 --> 00:02:07,160 Speaker 1: Onto Storry number three now in ASX listed property group Stockland, 37 00:02:07,240 --> 00:02:11,280 Speaker 1: will develop a multi billion dollar, multi story logistics hub 38 00:02:11,400 --> 00:02:14,200 Speaker 1: on the site of Cogre Golf Club in Sydney's southern 39 00:02:14,240 --> 00:02:17,239 Speaker 1: suburbs servicing the transport of goods in and out of 40 00:02:17,280 --> 00:02:20,440 Speaker 1: Sydney Airport and nearby Port Botany. Stockland, which is well 41 00:02:20,480 --> 00:02:24,200 Speaker 1: known really for its retail assets, is pushing increasingly into 42 00:02:24,240 --> 00:02:28,480 Speaker 1: residential and industrial property. It's entered into a joint venture 43 00:02:28,680 --> 00:02:31,200 Speaker 1: now with the owner of the eighteen point three hectare 44 00:02:31,240 --> 00:02:35,000 Speaker 1: site to develop the three hundred and forty thousand square 45 00:02:35,160 --> 00:02:39,760 Speaker 1: meter facility. It is big. The five level warehouses, which 46 00:02:39,919 --> 00:02:43,680 Speaker 1: will also include retail and other commercial space, will connect 47 00:02:43,800 --> 00:02:47,120 Speaker 1: to arterial roads the M one, M five, M eight 48 00:02:47,280 --> 00:02:49,960 Speaker 1: as well as the future M six motorway, so really 49 00:02:50,000 --> 00:02:53,440 Speaker 1: in a very central location onto Storry Number four. Coal 50 00:02:53,520 --> 00:02:56,680 Speaker 1: stocks are under pressure for a court decision to require 51 00:02:56,760 --> 00:03:02,000 Speaker 1: planning authorities to consider the local act of global climate change. 52 00:03:02,080 --> 00:03:04,639 Speaker 1: The New South Wales Court of Appeal overturned a twenty 53 00:03:04,720 --> 00:03:07,799 Speaker 1: twenty two approval of a Hunter Valley coal project, which 54 00:03:07,840 --> 00:03:10,000 Speaker 1: was meant to be the largest coal mine expansion in 55 00:03:10,040 --> 00:03:14,000 Speaker 1: that state, ultimately doubling the Mount Pleasant coal output to 56 00:03:14,080 --> 00:03:17,679 Speaker 1: twenty one million tons per annum. A community environment group 57 00:03:17,800 --> 00:03:21,040 Speaker 1: successfully argued the Planning commission failed to consider the impact 58 00:03:21,040 --> 00:03:24,760 Speaker 1: of all the projects greenhouse gas emissions. The ruling weighed 59 00:03:24,800 --> 00:03:28,320 Speaker 1: heavily on the coal companies today, with Whitehaven Coal down 60 00:03:28,360 --> 00:03:31,360 Speaker 1: four point two percent and yan Coal off two point 61 00:03:31,360 --> 00:03:35,000 Speaker 1: six percent. And finally story number five. As I mentioned earlier, 62 00:03:35,040 --> 00:03:38,040 Speaker 1: the US and the European Union have struck a tariff 63 00:03:38,080 --> 00:03:40,680 Speaker 1: deal that will avert a transatlantic trade wark between the 64 00:03:40,680 --> 00:03:44,520 Speaker 1: two sides, but still imposes American tariffs of fifteen percent 65 00:03:44,600 --> 00:03:47,560 Speaker 1: on most imports from the bloc. As part of the deer, 66 00:03:47,640 --> 00:03:50,160 Speaker 1: the EU has agreed to spend hundreds of billions of 67 00:03:50,160 --> 00:03:53,520 Speaker 1: dollars on US energy products and weapons, and accepted a 68 00:03:53,520 --> 00:03:57,800 Speaker 1: broad fifteen percent levy that covers many key European exports, 69 00:03:57,840 --> 00:04:01,080 Speaker 1: including cars. This is according to the FTI. The agreement 70 00:04:01,200 --> 00:04:04,400 Speaker 1: was struck following a meeting between US President Donald Trump 71 00:04:04,440 --> 00:04:08,760 Speaker 1: and European Commissioned President Ursula Vondalayan. Arguably, the deal does 72 00:04:08,800 --> 00:04:11,480 Speaker 1: mark a victory for Donald Trump, who has spent months 73 00:04:11,760 --> 00:04:16,640 Speaker 1: forcing America's trading partners into bruising negotiations by threatening steep tariff's, 74 00:04:16,839 --> 00:04:19,480 Speaker 1: although the terms are in line with what Brussels had 75 00:04:19,520 --> 00:04:22,559 Speaker 1: told EU member states to prepare for. Though the final 76 00:04:22,600 --> 00:04:24,960 Speaker 1: word on this one has to go to the President himself, 77 00:04:25,279 --> 00:04:29,360 Speaker 1: who said This is probably the biggest deal ever reached 78 00:04:29,480 --> 00:04:33,400 Speaker 1: in any capacity, trade or beyond trade. That is a 79 00:04:33,520 --> 00:04:36,720 Speaker 1: very big call. That's it for the afternoon Report for Monday, 80 00:04:36,760 --> 00:04:39,360 Speaker 1: the twenty eighth of July twenty twenty five. Make sure 81 00:04:39,360 --> 00:04:41,400 Speaker 1: you hit follow on the podcast and we'll be back 82 00:04:41,400 --> 00:04:43,719 Speaker 1: tomorrow morning with the Tuesday edition of the Fast five 83 00:04:43,760 --> 00:04:46,720 Speaker 1: Business News By Fear and Greed are Michael Thompson enjoy 84 00:04:46,720 --> 00:04:46,960 Speaker 1: Eery