1 00:00:04,160 --> 00:00:06,800 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,800 --> 00:00:09,400 Speaker 1: for Wednesday, the ninth of July twenty twenty five. I'm 3 00:00:09,400 --> 00:00:12,080 Speaker 1: suan alma. Every afternoon, We've got the five stories that 4 00:00:12,160 --> 00:00:14,400 Speaker 1: happened today that you really do need to know about. 5 00:00:14,520 --> 00:00:17,360 Speaker 1: Story number one. The SMPA six two hundred dropped in 6 00:00:17,400 --> 00:00:20,720 Speaker 1: the first thirty minutes of trading today, called its way 7 00:00:20,760 --> 00:00:22,840 Speaker 1: back to be in positive territory, then tumbled at the 8 00:00:22,920 --> 00:00:24,800 Speaker 1: end of the day to close down zero point six 9 00:00:24,840 --> 00:00:28,200 Speaker 1: percent to eighty five hundred and thirty one points. It 10 00:00:28,320 --> 00:00:32,040 Speaker 1: followed an announcement overnight by US President Donald Trump that 11 00:00:32,120 --> 00:00:35,640 Speaker 1: he's going to impose large tariffs on copper fifty percent 12 00:00:36,080 --> 00:00:40,320 Speaker 1: and potentially two hundred percent on pharmaceutical products. A drop 13 00:00:40,440 --> 00:00:41,880 Speaker 1: in the price of gold hit the miners of the 14 00:00:41,880 --> 00:00:46,200 Speaker 1: precious metal, with Newmont, Perseus, and Northern Star all lower 15 00:00:46,479 --> 00:00:50,040 Speaker 1: interest rate sensitive stocks. Notably, the property companies fell on 16 00:00:50,120 --> 00:00:52,879 Speaker 1: the back of yesterday's decision by the RBA to not 17 00:00:53,240 --> 00:00:56,200 Speaker 1: cut interest rates. Goodman Group was the worst performing of 18 00:00:56,240 --> 00:00:59,320 Speaker 1: the megastocks, dropping two point three percent today, and the 19 00:00:59,480 --> 00:01:01,880 Speaker 1: uraniums stocks also fell back in line with the price 20 00:01:01,920 --> 00:01:04,320 Speaker 1: of ecake. The big banks were mixed, The big miners 21 00:01:04,360 --> 00:01:06,679 Speaker 1: were lower and mo Quarie Group fell more than two percent. 22 00:01:07,240 --> 00:01:12,160 Speaker 1: Story number two retirement living operator Lifestyle Communities shares hit 23 00:01:12,200 --> 00:01:15,920 Speaker 1: the boss today, having been suspended since Monday, and its 24 00:01:15,959 --> 00:01:19,880 Speaker 1: price tumbled more than forty percent before closing down thirty 25 00:01:19,880 --> 00:01:23,319 Speaker 1: seven percent. It follows a Victorian tribunal ruling that the 26 00:01:23,360 --> 00:01:27,640 Speaker 1: exit fees the business charges to departing residents are invalid. 27 00:01:28,000 --> 00:01:32,160 Speaker 1: The Victorian Civil and Administrative Tribunal found that Lifestyle Communities 28 00:01:32,200 --> 00:01:35,920 Speaker 1: had breached tenancy laws by failing to clearly disclose to 29 00:01:36,000 --> 00:01:40,000 Speaker 1: third management fees in its residential site agreements. Lifestyle says 30 00:01:40,040 --> 00:01:43,560 Speaker 1: it will appeal the finding. Story number three. One local 31 00:01:43,560 --> 00:01:46,399 Speaker 1: health company to do well today thanks to goings on 32 00:01:46,560 --> 00:01:50,720 Speaker 1: in the US is Telix Pharmaceuticals, the therapeutic and diagnostic 33 00:01:50,800 --> 00:01:54,120 Speaker 1: imaging group. Its share price finished up more than six percent, 34 00:01:54,360 --> 00:01:57,160 Speaker 1: the best of the top two hundred after announcing its 35 00:01:57,200 --> 00:02:02,880 Speaker 1: prostate cancer imaging product. Zoelix has been granted a permanent 36 00:02:02,920 --> 00:02:06,840 Speaker 1: code by the US Centers for Medicare and Medicaid Services. 37 00:02:07,120 --> 00:02:09,360 Speaker 1: That means a product is a big step closer to 38 00:02:09,440 --> 00:02:12,320 Speaker 1: being used regularly in the US for the diagnosis of 39 00:02:12,440 --> 00:02:15,960 Speaker 1: prostate cancer, which is the second most common cancer in 40 00:02:16,080 --> 00:02:18,320 Speaker 1: men in the US, with about three hundred and fourteen 41 00:02:18,480 --> 00:02:22,600 Speaker 1: thousand new cases diagnosed each year. Story number four G 42 00:02:22,760 --> 00:02:26,359 Speaker 1: eight Education, one of Australia's largest child care providers, will 43 00:02:26,360 --> 00:02:30,680 Speaker 1: install CCTV cameras inside all of its four hundred centers 44 00:02:31,040 --> 00:02:33,640 Speaker 1: after a former employee was charged with more than seventy 45 00:02:33,680 --> 00:02:36,880 Speaker 1: abuse offenses. The company has already banned staff from using 46 00:02:36,919 --> 00:02:40,720 Speaker 1: personal devices while working in its center's rooms. It will 47 00:02:40,760 --> 00:02:45,360 Speaker 1: also provide parents with the opportunity to have preferences on 48 00:02:45,400 --> 00:02:48,359 Speaker 1: who supports their child's personal care routines, such as nappy 49 00:02:48,440 --> 00:02:50,880 Speaker 1: changing that type of thing. G eight will also advocate 50 00:02:50,919 --> 00:02:53,639 Speaker 1: for a national registry for working with vulnerable people, including 51 00:02:53,720 --> 00:02:57,920 Speaker 1: working with children. Jade share prices dropped twenty percent since 52 00:02:57,960 --> 00:03:01,440 Speaker 1: the charges were revealed, and number five. Donald Trump has 53 00:03:01,480 --> 00:03:03,720 Speaker 1: taken aim at the boss of the Federal Reserve and 54 00:03:03,880 --> 00:03:07,519 Speaker 1: Russian President of Vladimir Putin, sparing neither of them from 55 00:03:07,560 --> 00:03:10,799 Speaker 1: his wrath, starting with Jerome Powell, chair of the Federal Reserve, 56 00:03:10,840 --> 00:03:15,040 Speaker 1: who Trump called terrible. Trump accused him and I quote 57 00:03:15,360 --> 00:03:18,840 Speaker 1: of whining like a baby about non existing inflation for 58 00:03:18,919 --> 00:03:22,760 Speaker 1: months and refusing to do the right thing. Cut interest 59 00:03:22,800 --> 00:03:27,160 Speaker 1: rates Jerome. Now is the time. End quote. On Pertin, 60 00:03:27,240 --> 00:03:30,200 Speaker 1: Trump reiterated plans to send more weapons to Ukraine, telling 61 00:03:30,240 --> 00:03:33,480 Speaker 1: a cabinet meeting quote, I'm not happy with Putin. I 62 00:03:33,520 --> 00:03:35,800 Speaker 1: can tell you that much right now, because he's killing 63 00:03:35,880 --> 00:03:38,760 Speaker 1: a lot of people. We get a lot of bullshit 64 00:03:38,840 --> 00:03:41,160 Speaker 1: thrown at us by Pertin. You want to know the truth. 65 00:03:41,320 --> 00:03:43,080 Speaker 1: He is very nice all the time, but it turns 66 00:03:43,120 --> 00:03:46,400 Speaker 1: out to be meaningless. End quote. That's it for the 67 00:03:46,440 --> 00:03:49,440 Speaker 1: Afternoon Report for Wednesday, the ninth of July twenty twenty five. 68 00:03:49,480 --> 00:03:51,200 Speaker 1: Make sure you hit follow on the podcast. We'll be 69 00:03:51,240 --> 00:03:53,600 Speaker 1: back tomorrow morning with a Thursday edition The Fast five 70 00:03:53,640 --> 00:03:57,080 Speaker 1: Business News, five Fear and Greek. I'm sure Ailmut enjoy 71 00:03:57,120 --> 00:03:57,480 Speaker 1: your reading.