1 00:00:03,680 --> 00:00:06,360 Sean Aylmer: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,360 --> 00:00:08,920 Sean Aylmer: for Tuesday, the eighth of April twenty twenty five. I'm 3 00:00:08,920 --> 00:00:11,719 Sean Aylmer: sure n Aelma every afternoon, we've got the five stories 4 00:00:11,720 --> 00:00:13,960 Sean Aylmer: that happened today that you need to know about. Sorry 5 00:00:14,000 --> 00:00:17,000 Sean Aylmer: and one. The SMPA six two hundred rows two point 6 00:00:17,120 --> 00:00:20,000 Sean Aylmer: three percent today to close that seven five hundred and 7 00:00:20,040 --> 00:00:22,840 Sean Aylmer: ten points, representing the best day on the market since 8 00:00:22,920 --> 00:00:26,479 Sean Aylmer: November twenty twenty two. About ninety percent of stocks rows, 9 00:00:26,520 --> 00:00:30,440 Sean Aylmer: with tech end energy groups doing best. Of course, this 10 00:00:30,600 --> 00:00:33,560 Sean Aylmer: comes after three days of falls. There are a bunch 11 00:00:33,600 --> 00:00:37,519 Sean Aylmer: of stocks up around four to five percent today, Imaging Group, Promedicus, 12 00:00:37,560 --> 00:00:41,519 Sean Aylmer: Sleep App Near Company, ResMed Software Groups zero and Weistech 13 00:00:41,560 --> 00:00:45,600 Sean Aylmer: Global and online Property Portal Aria Group, Gold Lead Northern 14 00:00:45,600 --> 00:00:48,479 Sean Aylmer: Star jumped more than five percent. Among the megacaps that 15 00:00:48,520 --> 00:00:51,400 Sean Aylmer: performed well, come off Bank Wheres Farmer's Krey Group four 16 00:00:51,400 --> 00:00:54,880 Sean Aylmer: to Skew Metals, Woodside and an Aristocrat Leisure. One stock that's 17 00:00:54,960 --> 00:00:58,120 Sean Aylmer: kept its friends up during the most recent downtourn is 18 00:00:58,160 --> 00:01:01,840 Sean Aylmer: Sigma Healthcare, which of course nowadays includes Chemist Warehouse. Its 19 00:01:01,840 --> 00:01:04,960 Sean Aylmer: share prices up nearly three percent over the past week, 20 00:01:05,560 --> 00:01:07,800 Sean Aylmer: whereas the market itself is down about four and a 21 00:01:07,840 --> 00:01:11,880 Sean Aylmer: half percent. Story number two. A head of tonight's leadership debate, 22 00:01:11,920 --> 00:01:16,000 Sean Aylmer: Opposition leader Peter Dunn pushed his economic credentials today, saying 23 00:01:16,080 --> 00:01:19,679 Sean Aylmer: Labor will lead Australia into recession if re elected. Mister 24 00:01:19,760 --> 00:01:22,960 Sean Aylmer: Dutton said the government hadn't prepared the economy and has 25 00:01:23,000 --> 00:01:25,800 Sean Aylmer: made budget decisions which now make it harder to operate 26 00:01:26,160 --> 00:01:30,080 Sean Aylmer: given recent economic headwinds. He said Australia is ill prepared 27 00:01:30,120 --> 00:01:33,840 Sean Aylmer: because labor has pushed the budget into deficit Earlier Today, 28 00:01:33,840 --> 00:01:36,520 Sean Aylmer: Prime Minister Anthony Albernize he said the budget bottom line 29 00:01:36,560 --> 00:01:39,400 Sean Aylmer: was in better shape than the one he inherited, although 30 00:01:39,560 --> 00:01:42,840 Sean Aylmer: when asked he didn't rule out the possibility of a recession. 31 00:01:43,319 --> 00:01:46,720 Sean Aylmer: Mister Alberize's big spending initiative today was a one billion 32 00:01:46,800 --> 00:01:50,120 Sean Aylmer: dollar mental health package. Both were speaking ahead of the 33 00:01:50,240 --> 00:01:54,200 Sean Aylmer: leader's debate. Worth a mention, Peter Dutton visited his fifth 34 00:01:54,440 --> 00:01:58,160 Sean Aylmer: service station in five days. Today There you go. Story 35 00:01:58,240 --> 00:02:02,200 Sean Aylmer: number three. A leading US Republican Senator John Barrasso has 36 00:02:02,240 --> 00:02:05,880 Sean Aylmer: singled out Canberra for its treatment of US beef, arguing 37 00:02:05,920 --> 00:02:09,360 Sean Aylmer: that America has been unable to sell a single Hamburger 38 00:02:09,680 --> 00:02:13,600 Sean Aylmer: in Australia. Speaking on Fox News, the second ranking Senate 39 00:02:13,639 --> 00:02:17,240 Sean Aylmer: Republican launched a strong defense of Donald Trump's trade agenda 40 00:02:17,280 --> 00:02:20,640 Sean Aylmer: and hit out at non tariff barriers in Australia, which 41 00:02:20,639 --> 00:02:23,840 Sean Aylmer: he said panelized cattle producers in his home state of 42 00:02:23,880 --> 00:02:27,679 Sean Aylmer: Wyoming and elsewhere. He said, and I quote, Australia sold 43 00:02:27,720 --> 00:02:29,960 Sean Aylmer: twenty nine billion US dollars worth of beef in the 44 00:02:30,040 --> 00:02:32,280 Sean Aylmer: United States and we haven't been able to sell one 45 00:02:32,320 --> 00:02:36,600 Sean Aylmer: hamburger in Australia because of barriers. For the record, US 46 00:02:36,639 --> 00:02:39,600 Sean Aylmer: beef isn't banned in Australia, but we haven't imported any 47 00:02:39,639 --> 00:02:42,079 Sean Aylmer: since about two thousand and five, soon after the outbreak 48 00:02:42,120 --> 00:02:45,080 Sean Aylmer: of mad cow disease in that country. The Federal Department 49 00:02:45,080 --> 00:02:48,360 Sean Aylmer: of Agriculture says the US does have access to Australia, 50 00:02:48,840 --> 00:02:51,880 Sean Aylmer: providing it can prove the beef comes from cattle born, 51 00:02:52,360 --> 00:02:55,880 Sean Aylmer: raised and slaughtered in the US. Story number four. US 52 00:02:55,880 --> 00:02:59,239 Sean Aylmer: casino giant Bally's Corp says it's three hundred million dollar 53 00:02:59,280 --> 00:03:02,080 Sean Aylmer: buyout of Star Entertainment will allow the business to regain 54 00:03:02,120 --> 00:03:06,960 Sean Aylmer: its position as Australia's pre eminent gaming destination. Bally's will 55 00:03:06,960 --> 00:03:09,800 Sean Aylmer: take a fifty seven percent equity stake in Star as 56 00:03:09,880 --> 00:03:12,320 Sean Aylmer: part of the deal that has saved the company from 57 00:03:12,360 --> 00:03:16,359 Sean Aylmer: almost certain financial collapse. Bally's says it will invest in 58 00:03:16,600 --> 00:03:19,440 Sean Aylmer: and partner with the Star as it applies its proven 59 00:03:19,480 --> 00:03:23,760 Sean Aylmer: track record of revitalizing underperforming casino businesses. It says it 60 00:03:23,800 --> 00:03:28,240 Sean Aylmer: will work collaboratively with regulators and stakeholders to support a 61 00:03:28,320 --> 00:03:32,280 Sean Aylmer: successful turnaround of the gaming group. Bally's chair Soo Kim 62 00:03:32,520 --> 00:03:36,400 Sean Aylmer: said the transaction provides his company with the opportunity to 63 00:03:36,560 --> 00:03:38,880 Sean Aylmer: infuse the Star with what it needs to regain its 64 00:03:38,880 --> 00:03:42,760 Sean Aylmer: position as Australia's number one gaming spot, and I quote 65 00:03:42,840 --> 00:03:45,360 Sean Aylmer: it allows the Star shareholders to share in what we 66 00:03:45,520 --> 00:03:50,080 Sean Aylmer: confidently believe will be a brighter future together. Story number five. 67 00:03:50,160 --> 00:03:53,800 Sean Aylmer: The Volkswagen Group has responded to President Donald Trump's vehicle 68 00:03:53,880 --> 00:03:59,080 Sean Aylmer: tariffs in the US by suspending imports of Audi vehicles. VW, 69 00:03:59,200 --> 00:04:05,840 Sean Aylmer: the world's second large car companies, owns several brands including Audi, Porsche, Bentley, Skoda, Lamborghini, Cupra. 70 00:04:06,360 --> 00:04:09,640 Sean Aylmer: A bulletin sent to Audi dealers in the US reportedly 71 00:04:09,720 --> 00:04:13,080 Sean Aylmer: states that the auto giant is holding back cars that 72 00:04:13,200 --> 00:04:16,520 Sean Aylmer: arrived in US ports after April two. According to this 73 00:04:16,600 --> 00:04:20,120 Sean Aylmer: statement the manufacturer has around two month supply of vehicles 74 00:04:20,160 --> 00:04:23,360 Sean Aylmer: with dealers. The news comes after Britain's Jaguar Land Rover 75 00:04:23,520 --> 00:04:27,520 Sean Aylmer: suspended exports to the US, instituting a short term pause 76 00:04:27,640 --> 00:04:30,919 Sean Aylmer: following the tariff announcement. Nissan has stopped taking orders for 77 00:04:31,000 --> 00:04:35,200 Sean Aylmer: Infiniti SUVs made in Mexico, and Stellantis, the parent company 78 00:04:35,200 --> 00:04:38,360 Sean Aylmer: to Jeep and Dodge, has suspended production at a Canadian 79 00:04:38,400 --> 00:04:40,880 Sean Aylmer: planet on the border with the US. That's it for 80 00:04:40,880 --> 00:04:43,360 Sean Aylmer: the afternoon report for Tuesday, the eighth of April twenty 81 00:04:43,440 --> 00:04:45,520 Sean Aylmer: twenty five. Make sure you hit follow on the podcast. 82 00:04:45,920 --> 00:04:48,240 Sean Aylmer: We'll be back tomorrow morning with the Wednesday edition off 83 00:04:48,240 --> 00:04:51,719 Sean Aylmer: beer and greed business news. I'm Sean Almer. Enjoy your evening.