1 00:00:03,640 --> 00:00:06,320 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,360 --> 00:00:09,600 Speaker 1: for Friday the thirty five, the last training day of 3 00:00:09,600 --> 00:00:12,280 Speaker 1: the month. I'm Sean Alma. Every afternoon, We've got the 4 00:00:12,280 --> 00:00:14,480 Speaker 1: five stories that happened today that you need to know about. 5 00:00:14,520 --> 00:00:17,120 Speaker 1: Story number one. The S and p ASX two hundred 6 00:00:17,160 --> 00:00:19,680 Speaker 1: closed up zero point three percent today to finish at 7 00:00:19,760 --> 00:00:22,400 Speaker 1: eighty four hundred and thirty five points. At a month 8 00:00:22,400 --> 00:00:24,560 Speaker 1: of May, the market was up three and a half percent. 9 00:00:24,960 --> 00:00:28,280 Speaker 1: The safety of utilities and consumer staples were sought today, 10 00:00:28,320 --> 00:00:30,600 Speaker 1: while energy stocks were sold off. Not that it was 11 00:00:30,600 --> 00:00:33,400 Speaker 1: a particularly busy day. Among the large caps, the banks 12 00:00:33,400 --> 00:00:36,120 Speaker 1: did well. Commonwealth Bank, National Australia Bank in Westpac all 13 00:00:36,200 --> 00:00:38,519 Speaker 1: rose more than one percent. Forest Few Metals Group and 14 00:00:38,560 --> 00:00:41,440 Speaker 1: Woodside both dropped more than two percent. Of Old Sigma 15 00:00:41,440 --> 00:00:44,000 Speaker 1: Healthcare and Ria Group were down around two and a 16 00:00:44,000 --> 00:00:47,360 Speaker 1: half percent. In corporate news, health Co Healthcare and Wellness 17 00:00:47,400 --> 00:00:51,879 Speaker 1: Ariit surged after striking an agreement with tenant health Scope 18 00:00:51,960 --> 00:00:56,160 Speaker 1: and its receivers to partially defer rent payments. Story number two. 19 00:00:56,200 --> 00:00:59,040 Speaker 1: Westpac is changing its lending rules to make it easier 20 00:00:59,080 --> 00:01:02,880 Speaker 1: to finance the game industry, even as it demands big 21 00:01:02,960 --> 00:01:05,920 Speaker 1: emitting customers provide more details of their plans to wean 22 00:01:06,000 --> 00:01:09,880 Speaker 1: themselves off fossil fuels or risk having funding stopped. The 23 00:01:09,920 --> 00:01:13,080 Speaker 1: Bank has briefed investors that intends to change the global 24 00:01:13,080 --> 00:01:16,720 Speaker 1: warming target that it uses to assess energy transition plans. 25 00:01:16,760 --> 00:01:19,600 Speaker 1: According to the finn Review, it will loosen those ambitions 26 00:01:19,640 --> 00:01:22,240 Speaker 1: from one and a half degrees above pre industrial levels 27 00:01:22,600 --> 00:01:25,920 Speaker 1: to simply match the goals of the Paris Agreement, which 28 00:01:26,040 --> 00:01:30,000 Speaker 1: refers more generally to well below two degrees. The change 29 00:01:30,040 --> 00:01:32,480 Speaker 1: came in the same week that the Albanese government green 30 00:01:32,560 --> 00:01:36,760 Speaker 1: lighted Woodside Energy's proposal to extend the north West Shelf 31 00:01:36,840 --> 00:01:40,680 Speaker 1: gas development for forty years now. A Westpac not surprisingly 32 00:01:40,920 --> 00:01:43,320 Speaker 1: is a lender a Woodside and the other major ASX 33 00:01:43,400 --> 00:01:46,840 Speaker 1: listed gas producer, Santos. Story number three. One Nation has 34 00:01:46,840 --> 00:01:49,960 Speaker 1: won the sixth Senate seat in New South Wales as 35 00:01:50,000 --> 00:01:53,400 Speaker 1: he vote counties finalized, cementing a comeback for Pauline Hansen's 36 00:01:53,400 --> 00:01:56,400 Speaker 1: party in the May three election. The result brings One 37 00:01:56,520 --> 00:01:59,880 Speaker 1: Nation's numbers in the Senate to four. There's two from Queensland, 38 00:02:00,040 --> 00:02:03,120 Speaker 1: including Miss Hanson, one each from Western Australia and now 39 00:02:03,200 --> 00:02:06,320 Speaker 1: New South Wales. And before we leave politics. Opposition leader 40 00:02:06,360 --> 00:02:09,680 Speaker 1: Susan Lee has paid tribute to her mother, Angela Mary 41 00:02:09,720 --> 00:02:13,800 Speaker 1: Braybrooks for her strength and commitment to being her authentic 42 00:02:13,840 --> 00:02:17,600 Speaker 1: self at a funeral in Aubrey today. Straight number four, 43 00:02:17,680 --> 00:02:19,800 Speaker 1: King Charles and Queen Camilla have shared a message with 44 00:02:19,800 --> 00:02:22,480 Speaker 1: the Australian people following the New South Wales floods that 45 00:02:22,600 --> 00:02:25,119 Speaker 1: left five people dead. In a message, the King said, 46 00:02:25,120 --> 00:02:26,840 Speaker 1: and I quote my wife and I have been so 47 00:02:26,919 --> 00:02:30,480 Speaker 1: greatly concerned to hear of the widespread and devastating flooding 48 00:02:30,560 --> 00:02:33,280 Speaker 1: across the New South Wales, Hunter and Mid North Coast 49 00:02:33,360 --> 00:02:36,000 Speaker 1: regions of Australia. We can only say that our thoughts 50 00:02:36,040 --> 00:02:38,000 Speaker 1: are very much with all those who have been affected 51 00:02:38,040 --> 00:02:40,679 Speaker 1: so badly, especially the family and friends of the five 52 00:02:40,720 --> 00:02:43,720 Speaker 1: people who tragically lost their lives. We send our special 53 00:02:43,760 --> 00:02:47,519 Speaker 1: prayers and the deepest possible sympathy to all who mourn them. 54 00:02:48,080 --> 00:02:50,520 Speaker 1: And Story number five, a US federal appeals court gave 55 00:02:50,560 --> 00:02:54,560 Speaker 1: Donald Trump's global tariff plans a temporary reprieve overnight, pausing 56 00:02:54,560 --> 00:02:57,120 Speaker 1: a ruling that had found his Liberation Day levies to 57 00:02:57,160 --> 00:02:59,760 Speaker 1: be illegal. The US Court of Appeals for the Federal 58 00:03:00,280 --> 00:03:04,320 Speaker 1: granted the temporary stay until further notice. The stay was 59 00:03:04,360 --> 00:03:06,760 Speaker 1: issued hours after the White House of hour to go 60 00:03:06,800 --> 00:03:10,160 Speaker 1: to the Supreme Court to try to overturn a judicial 61 00:03:10,200 --> 00:03:13,320 Speaker 1: decision on Wednesday night that Trump could not use emergency 62 00:03:13,320 --> 00:03:17,240 Speaker 1: economic powers to impose sweeping tariffs on training partners. The 63 00:03:17,320 --> 00:03:20,720 Speaker 1: latest decision marks illegal win for the Trump administration, but 64 00:03:20,919 --> 00:03:23,720 Speaker 1: leaves the longer term fate of its global tariff regime 65 00:03:23,800 --> 00:03:26,440 Speaker 1: in the balance. According to the ft, the US can 66 00:03:26,520 --> 00:03:29,440 Speaker 1: continue to collect tariffs while the stays in place. That's 67 00:03:29,480 --> 00:03:31,760 Speaker 1: it for the afternoon report for Friday, the thirtieth of 68 00:03:31,800 --> 00:03:33,840 Speaker 1: May twenty twenty five. Make sure you hit follow on 69 00:03:33,840 --> 00:03:35,920 Speaker 1: the podcast. We will be back tomorrow morning with a 70 00:03:35,920 --> 00:03:38,920 Speaker 1: weekend edition of Fear and Greed business News. I'm Jane Elmer. 71 00:03:39,360 --> 00:03:40,200 Speaker 1: Enjoy your evening.