1 00:00:03,640 --> 00:00:06,240 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report. 2 00:00:06,280 --> 00:00:09,680 Speaker 1: Paul Wednesday, ninth of July twenty twenty five. I'm suan alma. 3 00:00:09,800 --> 00:00:12,200 Speaker 1: Every afternoon, We've got the five stories that happened today 4 00:00:12,240 --> 00:00:14,680 Speaker 1: that you really do need to know about. Story number one. 5 00:00:14,720 --> 00:00:17,880 Speaker 1: The SMPA six two hundred dropped in the first thirty 6 00:00:17,920 --> 00:00:20,640 Speaker 1: minutes of trading today, called its way back to be 7 00:00:20,680 --> 00:00:22,560 Speaker 1: in positive territory, then tumbled at the end of the 8 00:00:22,640 --> 00:00:25,640 Speaker 1: day to close down zero point six percent to eighty 9 00:00:25,800 --> 00:00:28,960 Speaker 1: five hundred and thirty one points. It followed an announcement 10 00:00:29,000 --> 00:00:32,120 Speaker 1: overnight by US President Donald Trump that he's going to 11 00:00:32,159 --> 00:00:36,559 Speaker 1: impose large tariffs on copper fifty percent and potentially two 12 00:00:36,680 --> 00:00:40,360 Speaker 1: hundred percent on pharmaceutical products. A dropping the price of 13 00:00:40,400 --> 00:00:42,639 Speaker 1: gold hit the miners of the precious metal, with Newmont, 14 00:00:43,000 --> 00:00:47,839 Speaker 1: Perseus and Northern Star or lower interest rate sensitive stocks. Notably, 15 00:00:47,880 --> 00:00:51,240 Speaker 1: the property companies fell on the back of yesterday's decision 16 00:00:51,280 --> 00:00:54,560 Speaker 1: by the RBA to not cut interest rates. Goodman Group 17 00:00:54,640 --> 00:00:57,160 Speaker 1: was the worst performing of the megastocks, dropping two point 18 00:00:57,200 --> 00:01:00,600 Speaker 1: three percent today, and the uranium stocks so fell back 19 00:01:00,640 --> 00:01:02,720 Speaker 1: in line with the price of ekake. The big banks 20 00:01:02,720 --> 00:01:04,720 Speaker 1: were mixed, the big miners were lower and more. Quari 21 00:01:04,800 --> 00:01:08,040 Speaker 1: Group fell more than two percent. Story number two retirement 22 00:01:08,200 --> 00:01:13,080 Speaker 1: living operator Lifestyle Communities shares hit the boss today, having 23 00:01:13,120 --> 00:01:16,840 Speaker 1: been suspended since Monday, and its price tumbled more than 24 00:01:16,959 --> 00:01:20,559 Speaker 1: forty percent before closing down thirty seven percent. It follows 25 00:01:20,560 --> 00:01:24,360 Speaker 1: a Victorian tribunal ruling that the exit fees the business 26 00:01:24,520 --> 00:01:28,800 Speaker 1: charges to departing residents are invalid. The Victorian Civil and 27 00:01:28,840 --> 00:01:33,160 Speaker 1: Administrative Tribunal found that Lifestyle Communities had breached tenancy laws 28 00:01:33,520 --> 00:01:36,520 Speaker 1: by failing to clearly disclose to third management fees in 29 00:01:36,560 --> 00:01:40,760 Speaker 1: its residential site agreements. Lifestyle says it will appeal the finding. 30 00:01:41,280 --> 00:01:44,280 Speaker 1: Story number three. One local health company to do well 31 00:01:44,319 --> 00:01:48,520 Speaker 1: today thanks to goings on in the US is Telix Pharmaceuticals, 32 00:01:48,560 --> 00:01:52,480 Speaker 1: the therapeutic and diagnostic imaging group. Its share price finished 33 00:01:52,560 --> 00:01:54,560 Speaker 1: up more than six percent, the best of the top 34 00:01:54,560 --> 00:01:59,320 Speaker 1: two hundred after announcing its prostate cancer imaging product go 35 00:01:59,520 --> 00:02:03,680 Speaker 1: Zoelix has been granted a permanent code by the US 36 00:02:03,720 --> 00:02:07,320 Speaker 1: Centers for Medicare and Medicaid Services. That means a product 37 00:02:07,440 --> 00:02:10,280 Speaker 1: is a big step closer to being used regularly in 38 00:02:10,320 --> 00:02:13,440 Speaker 1: the US for the diagnosis of prostate cancer, which is 39 00:02:13,480 --> 00:02:16,320 Speaker 1: the second most common cancer in men in the US, 40 00:02:16,360 --> 00:02:19,760 Speaker 1: with about three hundred and fourteen thousand new cases diagnosed 41 00:02:19,800 --> 00:02:23,280 Speaker 1: each year. Story number four G eight Education, one of 42 00:02:23,280 --> 00:02:27,960 Speaker 1: Australia's largest child care providers, will install CCTV cameras inside 43 00:02:28,000 --> 00:02:31,720 Speaker 1: all of its four hundred centers after a former employee 44 00:02:31,760 --> 00:02:34,960 Speaker 1: was charged with more than seventy abuse offenses. The company 45 00:02:34,960 --> 00:02:37,840 Speaker 1: has already banned staff from using personal devices while working 46 00:02:37,919 --> 00:02:41,360 Speaker 1: in its center's rooms. It will also provide parents with 47 00:02:41,400 --> 00:02:46,000 Speaker 1: the opportunity to have preferences on who supports their child's 48 00:02:46,080 --> 00:02:48,799 Speaker 1: personal care routines, such as nappy changing that type of thing. 49 00:02:49,160 --> 00:02:51,480 Speaker 1: G eight will also advocate for a national registry for 50 00:02:51,520 --> 00:02:55,200 Speaker 1: working with vulnerable people, including working with children. Jade's share 51 00:02:55,200 --> 00:02:59,080 Speaker 1: prices dropped twenty percent since the charges were revealed, and 52 00:02:59,160 --> 00:03:01,680 Speaker 1: story number five. Donald Trump has taken aim at the 53 00:03:01,680 --> 00:03:04,919 Speaker 1: boss of the Federal Reserve and Russian President Vladimir Putin, 54 00:03:05,280 --> 00:03:09,160 Speaker 1: sparing neither of them from his wrath, starting with Jerome Powell, 55 00:03:09,240 --> 00:03:13,120 Speaker 1: chair of the Federal Reserve, who Trump called terrible. Trump 56 00:03:13,160 --> 00:03:16,640 Speaker 1: accused him and I quote of whining like a baby 57 00:03:16,720 --> 00:03:19,839 Speaker 1: about non existing inflation for months and refusing to do 58 00:03:20,040 --> 00:03:24,440 Speaker 1: the right thing. Cut interest rates Jerome. Now is the time. 59 00:03:25,040 --> 00:03:28,400 Speaker 1: End quote on Pertin, Trump reiterated plans to send more 60 00:03:28,400 --> 00:03:31,960 Speaker 1: weapons to Ukraine, telling a cabinet meeting quote, I'm not 61 00:03:32,000 --> 00:03:34,399 Speaker 1: happy with Pertin. I can tell you that much right now, 62 00:03:34,440 --> 00:03:37,200 Speaker 1: because he's killing a lot of people. We get a 63 00:03:37,240 --> 00:03:40,040 Speaker 1: lot of bullshit thrown at us by Pertin. You want 64 00:03:40,040 --> 00:03:42,040 Speaker 1: to know the truth. He is very nice all the time, 65 00:03:42,080 --> 00:03:45,320 Speaker 1: but it turns out to be meaningless. End quote. That's 66 00:03:45,360 --> 00:03:47,320 Speaker 1: it for the afternoon report for Wednesday, the ninth of 67 00:03:47,400 --> 00:03:49,440 Speaker 1: July twenty twenty five. Make sure you hit follow on 68 00:03:49,440 --> 00:03:51,280 Speaker 1: the podcast. We will be back tomorrow morning with the 69 00:03:51,320 --> 00:03:54,120 Speaker 1: Thursday edition of Fear and Greed Business News. I'm Shohn Elmer. 70 00:03:54,480 --> 00:03:55,240 Speaker 1: Enjoy your evening.