1 00:00:04,200 --> 00:00:06,840 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,880 --> 00:00:09,440 Speaker 1: for Tuesday, the eighth of April twenty twenty five. I'm 3 00:00:09,440 --> 00:00:12,280 Speaker 1: sure nayelma. Every afternoon, we've got the five stories that 4 00:00:12,400 --> 00:00:14,720 Speaker 1: happen today that you need to know about. Sorry, wh 5 00:00:14,760 --> 00:00:17,840 Speaker 1: I'm the SMPA six two hundred rows two point three 6 00:00:17,880 --> 00:00:21,079 Speaker 1: percent today to close that seven five hundred and ten points, 7 00:00:21,360 --> 00:00:24,240 Speaker 1: representing the best day on the market since November twenty 8 00:00:24,320 --> 00:00:27,560 Speaker 1: twenty two. About ninety percent of stocks rows, with tech 9 00:00:27,720 --> 00:00:31,920 Speaker 1: end energy groups doing best. Of course, this comes after 10 00:00:32,000 --> 00:00:34,520 Speaker 1: three days of falls. There are a bunch of stocks 11 00:00:34,560 --> 00:00:38,639 Speaker 1: up around four to five percent today, Imaging Group, Promticus, Sleep, App, 12 00:00:38,720 --> 00:00:42,839 Speaker 1: Near Company, ResMed, Software Groups Zero and Weistech Global and 13 00:00:43,040 --> 00:00:46,720 Speaker 1: online Property Portal Ria Group, Gold Lead Northern Star jumped 14 00:00:46,720 --> 00:00:49,680 Speaker 1: more than five percent. Among the megacaps that performed well, 15 00:00:49,720 --> 00:00:53,040 Speaker 1: common Off Bank, Wheres, Farmers, Quarry Group, FOURT, Skew Metals, Woodside, 16 00:00:53,080 --> 00:00:56,400 Speaker 1: and an Aristocrat Leisure. One stock that's kept its friends 17 00:00:56,480 --> 00:00:59,720 Speaker 1: up during the most recent downtown is Sigma Healthcare, which 18 00:00:59,720 --> 00:01:03,160 Speaker 1: of course nowadays includes Chemist Warehouse. Its share prices up 19 00:01:03,200 --> 00:01:06,840 Speaker 1: nearly three percent over the past week, whereas the market 20 00:01:06,880 --> 00:01:09,800 Speaker 1: itself is down about four and a half percent. Story 21 00:01:09,920 --> 00:01:13,240 Speaker 1: number two. A head of tonight's leadership debate, Opposition leader 22 00:01:13,280 --> 00:01:17,040 Speaker 1: Peter Dunn pushed his economic credentials today, saying Labor will 23 00:01:17,120 --> 00:01:20,759 Speaker 1: lead Australia into recession if re elected. Mister Dutton said 24 00:01:20,800 --> 00:01:24,120 Speaker 1: the government hadn't prepared the economy and has made budget 25 00:01:24,160 --> 00:01:27,440 Speaker 1: decisions which now make it harder to operate given recent 26 00:01:27,560 --> 00:01:31,319 Speaker 1: economic headwinds. He said Australia is ill prepared because Labor 27 00:01:31,400 --> 00:01:34,880 Speaker 1: has pushed the budget into deficit earlier Today, Prime Minister 28 00:01:34,880 --> 00:01:37,240 Speaker 1: Anthony Albernize he said the budget bottom line was in 29 00:01:37,280 --> 00:01:40,639 Speaker 1: better shape than the one he inherited, although when asked 30 00:01:40,680 --> 00:01:44,039 Speaker 1: he didn't rule out the possibility of a recession. Mister 31 00:01:44,120 --> 00:01:47,520 Speaker 1: Albernize's big spending initiative today was a one billion dollar 32 00:01:47,560 --> 00:01:51,520 Speaker 1: mental health package. Both were speaking ahead of the leader's debate. 33 00:01:51,880 --> 00:01:55,600 Speaker 1: Worth a mention, Peter Dutton visited his fifth service station 34 00:01:56,040 --> 00:01:59,200 Speaker 1: in five days. Today There you go. Story number three. 35 00:01:59,280 --> 00:02:03,280 Speaker 1: A leading US Republican Senator John Barrasso has singled out 36 00:02:03,400 --> 00:02:07,160 Speaker 1: Canberra for its treatment of US beef, arguing that America 37 00:02:07,200 --> 00:02:11,079 Speaker 1: has been unable to sell a single Hamburger in Australia. 38 00:02:11,200 --> 00:02:15,440 Speaker 1: Speaking on Fox News, the second ranking Senate Republican launched 39 00:02:15,440 --> 00:02:18,120 Speaker 1: a strong defense of Donald Trump's trade agenda and hit 40 00:02:18,200 --> 00:02:21,560 Speaker 1: out at non tariff barriers in Australia, which he said 41 00:02:21,639 --> 00:02:26,120 Speaker 1: panelized cattle producers in his home state of Wyoming and elsewhere. 42 00:02:26,160 --> 00:02:29,079 Speaker 1: He said, and I quote, Australia sold twenty nine billion 43 00:02:29,160 --> 00:02:31,320 Speaker 1: US dollars worth of beef in the United States and 44 00:02:31,360 --> 00:02:34,040 Speaker 1: we haven't been able to sell one hamburger in Australia 45 00:02:34,320 --> 00:02:38,280 Speaker 1: because of barriers. For the record, US beef isn't banned 46 00:02:38,280 --> 00:02:40,760 Speaker 1: in Australia, but we haven't imported any since about two 47 00:02:40,800 --> 00:02:43,280 Speaker 1: thousand and five, soon after the outbreak of mad cow 48 00:02:43,360 --> 00:02:46,480 Speaker 1: disease in that country. The Federal Department of Agriculture says 49 00:02:46,520 --> 00:02:50,280 Speaker 1: the US does have access to Australia, providing it can 50 00:02:50,360 --> 00:02:53,920 Speaker 1: prove the beef comes from cattle born, raised and slaughtered 51 00:02:54,160 --> 00:02:57,639 Speaker 1: in the US. Story number four. US casino giant Bally's 52 00:02:57,680 --> 00:03:00,320 Speaker 1: Corps says it's three hundred million dollars buy out of 53 00:03:00,360 --> 00:03:03,200 Speaker 1: Star Entertainment will allow the business to regain its position 54 00:03:03,280 --> 00:03:07,720 Speaker 1: as Australia's pre eminent gaming destination. Bally's will take a 55 00:03:07,800 --> 00:03:10,760 Speaker 1: fifty seven percent equity stake in Star as part of 56 00:03:10,800 --> 00:03:13,720 Speaker 1: the deal that has saved the company from almost certain 57 00:03:13,760 --> 00:03:17,800 Speaker 1: financial collapse. Bally's says it will invest in and partner 58 00:03:18,200 --> 00:03:20,520 Speaker 1: with the Star as it applies its proven track record 59 00:03:20,520 --> 00:03:24,720 Speaker 1: of revitalizing underperforming casino businesses. It says it will work 60 00:03:24,800 --> 00:03:30,120 Speaker 1: collaboratively with regulators and stakeholders to support a successful turnaround 61 00:03:30,200 --> 00:03:33,440 Speaker 1: of the gaming group. Bally's chair Sue Kim said the 62 00:03:33,520 --> 00:03:37,680 Speaker 1: transaction provides his company with the opportunity to infuse the 63 00:03:37,720 --> 00:03:40,480 Speaker 1: Star with what it needs to regain its position as 64 00:03:40,560 --> 00:03:43,800 Speaker 1: Australia's number one gaming spot, and I quote it allows 65 00:03:43,840 --> 00:03:47,000 Speaker 1: the Star shareholders to share in what we confidently believe 66 00:03:47,360 --> 00:03:50,720 Speaker 1: will be a brighter future together. Story number five. The 67 00:03:50,840 --> 00:03:54,760 Speaker 1: Volkswagen Group has responded to President Donald Trump's vehicle tariffs 68 00:03:54,760 --> 00:03:59,600 Speaker 1: in the US by suspending imports of Audi vehicles. VW, 69 00:03:59,680 --> 00:04:06,320 Speaker 1: the world second largest car companies, owns several brands including Audi, Porsche, Bentley, Scota, Lamborghini, Kupra. 70 00:04:06,880 --> 00:04:10,160 Speaker 1: A bulletin sent to Audi dealers in the US reportedly 71 00:04:10,200 --> 00:04:13,600 Speaker 1: states that the auto giant is holding back cars that 72 00:04:13,720 --> 00:04:17,520 Speaker 1: arrived in US ports after April two. According to the Australium. 73 00:04:17,839 --> 00:04:21,280 Speaker 1: The manufacturer has around two month supply of vehicles with dealers. 74 00:04:21,480 --> 00:04:25,080 Speaker 1: The news comes after Britain's Jaguar land Rover suspended exports 75 00:04:25,120 --> 00:04:28,599 Speaker 1: to the US, instituting a short term pause following the 76 00:04:28,640 --> 00:04:32,640 Speaker 1: tariff announcement. Nissan has stopped taking orders for Infinity SUVs 77 00:04:32,680 --> 00:04:36,119 Speaker 1: made in Mexico and Totlantis, the parent company to Jeep 78 00:04:36,160 --> 00:04:39,320 Speaker 1: and Dodge, has suspended production at a Canadian planet on 79 00:04:39,320 --> 00:04:41,520 Speaker 1: the border with the US. As at for the o 80 00:04:41,520 --> 00:04:44,520 Speaker 1: Aufternoon Report for Tuesday, the eighth of April twenty twenty five, 81 00:04:44,600 --> 00:04:46,800 Speaker 1: make sure you hit follow on the podcast. We will 82 00:04:46,839 --> 00:04:49,159 Speaker 1: be back tomorrow morning with the Wednesday edition. In the 83 00:04:49,200 --> 00:04:52,480 Speaker 1: Fast five Business US by Peering Greek, I'm Sean Almer. 84 00:04:52,920 --> 00:04:53,559 Speaker 1: Enjoy your reading.