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Speaker 1: Welcome to the Fearing Greed Business News Afternoon Report for Wednesday,

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Speaker 1: the eleventh of June twenty twenty five. I'm Sean Aylmer.

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Speaker 1: Every afternoon, we've got the five stories that happen today

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Speaker 1: that you need to know about. Story number one. The

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Speaker 1: S and p ASX two hundred hit a new inter

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Speaker 1: day high of eight six hundred and thirty nine point

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Speaker 1: one points this morning. By the close, though the market

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Speaker 1: had dropped back. It finished up just five points to

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Speaker 1: eighty five hundred and ninety two points, best of the

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Speaker 1: top two hundred with the real estate and energy companies.

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Speaker 1: While tech stocks underperformed in terms of individual stocks, BHP

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Speaker 1: jumped two percent, while Force hum Metals Group was up

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Speaker 1: nearly four percent. Woodside raised more than two percent. Underperformers

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Speaker 1: included zero Promedicus, QB, and CSL. Story number two of

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Speaker 1: the United States has quickly criticized the federal government's decision

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Speaker 1: to sanction two Israeli government ministers. Foreign Minister Penny Wong

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Speaker 1: unveiled targeted sanctions against Israel's National Security Minister and Finance

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Speaker 1: Minister for quote extremist violence and serious abuses of Palestinian

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Speaker 1: human rights quote. The sanctions will prevent the pair from

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Speaker 1: traveling to Australia, freeze any assets they hold in the country,

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Speaker 1: and mean they will be denied financial support. Anthony Albernizi said,

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Speaker 1: we support Israel's right to live and to exist in

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Speaker 1: secure borders, but we also support the legitimate aspirations of Palestinian's.

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Speaker 1: US Secretary of State Marco Rubio condemned the actions by

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Speaker 1: Australia and for other nations, saying they wouldn't help the

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Speaker 1: US achieve as CESAR and Gaza Prime Minister Anthony Albernzi

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Speaker 1: later in the day said the criticism from the US

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Speaker 1: was predictable. Story number three Pacific Equity Partners has made

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Speaker 1: a bid for John's Ling. However, the Building Services Group

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Speaker 1: is not telling shareholders how much Mighty Odd really given

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Speaker 1: talks been going on for weeks and John's Lying's announcement

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Speaker 1: today is headed j LG receives conditional and non binding

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Speaker 1: indicative proposal, so you think there'd be a share price

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Speaker 1: not to Notwithstanding the lack of that important detail, JLG

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Speaker 1: share price jumped eighteen and a half percent to just

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Speaker 1: over three dollars a share. Story number four New Zealand

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Speaker 1: based building Materials Group of Fletcher Buildings says it has

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Speaker 1: received ongoing inbound inquiries from parties interested in its business

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Speaker 1: that triggered an eleven percent surge in its share price today.

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Speaker 1: What else was going on well? Monish ivf rallied fourteen

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Speaker 1: percent after plunging twenty eight percent yesterday when the fertility

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Speaker 1: company revealed an embryo mix up at its Melbourne laboratory.

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Speaker 1: Three retailers, including ASX listed jewelry group Michael Hill, have

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Speaker 1: been panelized for allegedly making falls and misleading representations about

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Speaker 1: their Black Friday sales. The other two retailers were global

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Speaker 1: retail brands Australia in relation to its homewares business My

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Speaker 1: House and has Hairhouse Warehouse Online, which operates the Hairhouse

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Speaker 1: here and beauty website. The AGEABCY identified concerns that the

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Speaker 1: ads Miths represented the size and scope of discounts being

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Speaker 1: offered to consumers. An Australia's richest person, Gena Reinhart, will

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Speaker 1: bring her to major iron ore companies Roy Hill and

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Speaker 1: Atlas Iron under the one name Hancock iron Ore, finally

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Speaker 1: storing number five. The unrest in Los Angeles continues with

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Speaker 1: US President Donald Trump using a speech honoring soldiers to

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Speaker 1: defend his decision to deploy troops to Los Angeles, saying

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Speaker 1: they would liberate the city. Trump said, and I quote

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Speaker 1: what you're witnessing in California is a full blown assault

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Speaker 1: on peace, on public order, and on national sovereignty, carried

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Speaker 1: out by rioters bearing foreign flags end quote. It comes

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Speaker 1: after he deployed seven hundred Marines and four thousand National

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Speaker 1: Guards to LA to help dowst rights that are protesting

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Speaker 1: his immigration policies. Street demonstrations have been under way since Friday,

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Speaker 1: when activists clashed with sheriff's deputies. Los Angeles officials have

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Speaker 1: said the unrest has been limited to a few downtown

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Speaker 1: blocks and that the majority of demonstrators are protesting peacefully

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Speaker 1: in support of immigrants. Now. According to Bloomberg, Los Angeles

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Speaker 1: Mayor Karen Bass has now declared a curfew for the

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Speaker 1: downtown area. Unrest is continuing. US media is also reporting

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Speaker 1: there a protests in New York City and Chicago. That's

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Speaker 1: it for the afternoon report for Wednesday, the eleventh of

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Speaker 1: June twenty twenty five. Make sure you hit follow on

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Speaker 1: the podcast. We'll be back tomorrow morning with your Thursday

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Speaker 1: edition on the past five business years by Fear and Greek.

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Speaker 1: I'm Sean Elmer, M Joey Reed,