1 00:00:06,120 --> 00:00:08,760 Sean Aylmer: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:08,800 --> 00:00:11,360 Sean Aylmer: for Tuesday, the twenty fifth of March twenty twenty five. 3 00:00:11,440 --> 00:00:14,680 Sean Aylmer: I'm Sean Aylmer. Every afternoon, We've got the five stories 4 00:00:14,680 --> 00:00:16,480 Sean Aylmer: that happened today that you need to know about. Story 5 00:00:16,560 --> 00:00:19,439 Sean Aylmer: number one. The S ANDPASX two hundred closed up just 6 00:00:19,480 --> 00:00:22,239 Sean Aylmer: a touch to seven nine hundred and forty three points. 7 00:00:22,560 --> 00:00:25,759 Sean Aylmer: Tech stocks and healthcare companies were among the best performers, 8 00:00:25,960 --> 00:00:28,720 Sean Aylmer: while the banks were mixed. James Hardy's finished down another 9 00:00:28,880 --> 00:00:32,280 Sean Aylmer: five percent. That's after the fifteen percent drop yesterday. Investors 10 00:00:32,320 --> 00:00:35,000 Sean Aylmer: are punishing the stock on fears that it's fourteen billion 11 00:00:35,080 --> 00:00:39,640 Sean Aylmer: dollar bid for US building materials company AZEC is too 12 00:00:39,800 --> 00:00:43,239 Sean Aylmer: high and the MPOLL forecast thirty five million dollars worth 13 00:00:43,280 --> 00:00:47,760 Sean Aylmer: of repair costs from damage inflicted by ex tropical cyclone Alfred. 14 00:00:48,159 --> 00:00:51,720 Sean Aylmer: Story number two. Prime Minister Anthony Albernese says tonight's budget 15 00:00:51,720 --> 00:00:55,280 Sean Aylmer: will deliver new cost of living relief to every Australian 16 00:00:55,440 --> 00:00:58,720 Sean Aylmer: in every part of the country. During question time today, 17 00:00:58,840 --> 00:01:03,000 Sean Aylmer: he spooked the power bill, rebate schools funding health policies 18 00:01:03,240 --> 00:01:05,720 Sean Aylmer: and accuse the Opposition leader Peter Dunne of planning to 19 00:01:05,760 --> 00:01:09,080 Sean Aylmer: cut Medicare. The budget will be released at seven thirty 20 00:01:09,080 --> 00:01:12,559 Sean Aylmer: pm tonight. We'll have plenty on it tomorrow morning. Story 21 00:01:12,680 --> 00:01:15,720 Sean Aylmer: number three. Whether or not the Trump administration classifies the 22 00:01:15,840 --> 00:01:19,000 Sean Aylmer: ten percent goods and services tax here in Australia as 23 00:01:19,000 --> 00:01:22,880 Sean Aylmer: a trade barrier will be decisive in whether we win 24 00:01:22,920 --> 00:01:27,199 Sean Aylmer: an exemption from reciprocal tariffs. Next week, US President Donald 25 00:01:27,200 --> 00:01:30,360 Sean Aylmer: Trump says his tariff rollout will focus on so called 26 00:01:30,400 --> 00:01:34,680 Sean Aylmer: reciprocal duties, whereby countries are hit with individually tailored taxes 27 00:01:34,959 --> 00:01:37,880 Sean Aylmer: that reflect the tariffs and other trade barriers placed on 28 00:01:37,920 --> 00:01:41,240 Sean Aylmer: American products. While the President said that his nation was 29 00:01:41,440 --> 00:01:44,880 Sean Aylmer: ripped off by every country, he did signal some trading 30 00:01:44,920 --> 00:01:48,880 Sean Aylmer: partners will receive exemptions and reductions. Trump flagged that tariffs 31 00:01:48,920 --> 00:01:52,440 Sean Aylmer: on industries such as automobiles and pharmaceuticals would come at 32 00:01:52,480 --> 00:01:55,240 Sean Aylmer: a later date, potentially putting the one point six billion 33 00:01:55,240 --> 00:01:58,840 Sean Aylmer: dollars of annual pharmaceutical exports from Australia to the US 34 00:01:58,920 --> 00:02:02,280 Sean Aylmer: by companies like CS in the firing line at some 35 00:02:02,400 --> 00:02:04,880 Sean Aylmer: point over the next month. According to the finn Review. 36 00:02:05,520 --> 00:02:09,680 Sean Aylmer: Story number four, top US officials, including the Vice president 37 00:02:09,720 --> 00:02:15,000 Sean Aylmer: and Defense Secretary, accidentally shared classified details about last week's 38 00:02:15,000 --> 00:02:18,880 Sean Aylmer: military strikes on Yemen with a journalist in an unofficial 39 00:02:19,080 --> 00:02:21,920 Sean Aylmer: messaging group. It's a pretty starting breach of security that 40 00:02:21,960 --> 00:02:25,400 Sean Aylmer: triggered uproar in Washington. JD. Vans the Vice President Peter 41 00:02:25,560 --> 00:02:28,680 Sean Aylmer: Hegseth they were among the members of a signal chat 42 00:02:28,680 --> 00:02:32,840 Sean Aylmer: group that discussed operational details of the most significant military 43 00:02:32,880 --> 00:02:35,840 Sean Aylmer: action taken by President Donald Trump since he returned to 44 00:02:35,880 --> 00:02:39,600 Sean Aylmer: the White House. The messages also blasted European allies for 45 00:02:39,720 --> 00:02:43,680 Sean Aylmer: free loading off the US. The breach came after Jeffrey Goldberg, 46 00:02:43,720 --> 00:02:46,760 Sean Aylmer: and in chief of The Atlantic magazine, was added to 47 00:02:46,800 --> 00:02:49,959 Sean Aylmer: the chat by National Security Advisor Mike Waaltz ahead of 48 00:02:50,080 --> 00:02:53,760 Sean Aylmer: last week's attacks. And account of the messages, which expressed 49 00:02:53,840 --> 00:02:56,880 Sean Aylmer: disdain for European allies and suggested asking him to pay 50 00:02:56,919 --> 00:03:00,679 Sean Aylmer: for the operation, was published on Monday. Now. The Goldberg, 51 00:03:00,760 --> 00:03:03,800 Sean Aylmer: Vance suggested the threat from the Houthis was more of 52 00:03:03,800 --> 00:03:06,720 Sean Aylmer: a European issue, as only a small fraction of US 53 00:03:06,840 --> 00:03:10,079 Sean Aylmer: trade ran through the Suez Canal. He expressed concerns that 54 00:03:10,120 --> 00:03:13,000 Sean Aylmer: the US attack was a mistake that risked a spike 55 00:03:13,080 --> 00:03:16,080 Sean Aylmer: in oil prices while baling Europe out. A number of 56 00:03:16,080 --> 00:03:18,240 Sean Aylmer: members of the group suggested Europe could be asked to 57 00:03:18,240 --> 00:03:21,240 Sean Aylmer: compensate the US for the strikes. End of the day, 58 00:03:21,560 --> 00:03:24,359 Sean Aylmer: what was a journalist doing in the group at all? 59 00:03:24,639 --> 00:03:27,600 Sean Aylmer: Story number five. There's a bit going on in global markets, 60 00:03:27,600 --> 00:03:30,160 Sean Aylmer: with Wall Street rising overnight on the back of hopes 61 00:03:30,200 --> 00:03:33,320 Sean Aylmer: that Donald Trump's tariffs won't be as ferocious as first feed. 62 00:03:33,800 --> 00:03:36,680 Sean Aylmer: That helped tech stocks, including ev maker Tesla, which jumped 63 00:03:36,680 --> 00:03:39,760 Sean Aylmer: twelve percent. Iron Or also roast to retake one hundred 64 00:03:39,760 --> 00:03:42,400 Sean Aylmer: and two US dollars a ton, while copper pushed above 65 00:03:42,520 --> 00:03:45,080 Sean Aylmer: ten thousand US dollars a ton. That's close to an 66 00:03:45,080 --> 00:03:47,800 Sean Aylmer: all time high. Bitcoins back up to eighty six five 67 00:03:47,920 --> 00:03:50,040 Sean Aylmer: hundred dollars a unit, but the Aussie dollar, well, it's 68 00:03:50,040 --> 00:03:53,240 Sean Aylmer: spying under sixty three US cents. That's it. The Afternoon 69 00:03:53,240 --> 00:03:55,920 Sean Aylmer: Report for Tuesday, the twenty fifth of March twenty twenty five. 70 00:03:55,960 --> 00:03:58,120 Sean Aylmer: Make sure you hit follow on the podcast. We'll be 71 00:03:58,160 --> 00:04:00,390 Sean Aylmer: back tomorrow morning with the Wednesday edition of Fear and 72 00:04:00,840 --> 00:04:03,560 Sean Aylmer: Greed Business News. Plenty of Budget coverage in that one. 73 00:04:03,760 --> 00:04:05,600 Sean Aylmer: I'm Sean Aylmer. Enjoy your evening.