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Speaker 1: Welcome to the Fear and Green Business News Afternoon Report

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Speaker 1: for Monday, the twenty first of July twenty twenty five.

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Speaker 1: I'm suan Alma. Every afternoon, We've got the five stories

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Speaker 1: that happened today that you need to know about. Story

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Speaker 1: number one, there's in PASX two hundred closed down more

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Speaker 1: than one percent today to eight thousand, six hundred and

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Speaker 1: sixty eight points, the worst days training since April. The

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Speaker 1: big miners did well on the back of rising iron

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Speaker 1: ore prices, but otherwise it was pretty bleak. The big

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Speaker 1: banks were down two and a half to three and

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Speaker 1: a half percent. Sigma Healthcare QB and Promedicus were also

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Speaker 1: sold off. It followed a poor weekend on Wall Street

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Speaker 1: and what investors like to call profit taking, taking some

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Speaker 1: of the money off the table. The energy companies in

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Speaker 1: Weis tech Global were among the best performers. Story number two.

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Speaker 1: Core support for the Coalition has collapsed to the lowest

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Speaker 1: point in forty years following Labour's convincing election victory ahead

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Speaker 1: of tomorrow's evening in the forty eighth Commonwealth Parliament news

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Speaker 1: poll conducted for The Australian, which is the first test

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Speaker 1: to test the mood since the May three election shows

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Speaker 1: that the primary vote support for both major parties has

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Speaker 1: fallen to an historical low of sixty five percent when

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Speaker 1: preference flows are factored in. Labour has extended its two

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Speaker 1: party preferred lead was fifty five point two to forty

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Speaker 1: four point eight at the election, it's now fifty seven

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Speaker 1: to forty three percent. Support for the Coalition has suffered

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Speaker 1: a further decline since it recorded its lowest ever primary

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Speaker 1: vote of thirty eight thirty one point eight percent in

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Speaker 1: the election. It's now down at just twenty nine percent.

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Speaker 1: Story number three Employment Hero has accused one of its investors,

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Speaker 1: Seek of anti competitive conduct after the ASX listed recruitment

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Speaker 1: giant cut off the billion dollar human resources startup's access

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Speaker 1: to its hiring platform. In filings with the Federal Court,

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Speaker 1: Employment Hero is attempting to stop Seek from terminating its

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Speaker 1: access to a tool that allows developers to connect to

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Speaker 1: their platform and automate parts of the recruitment process. According

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Speaker 1: to the fin Review, Employment Hero makes human resource, payroll

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Speaker 1: and employee engagement software for small and medium sized businesses.

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Speaker 1: Seek owners shares in Employment Hero through its venture capital arm,

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Speaker 1: known as the Seek Growth Fund. According to the finn

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Speaker 1: Employment Hero has used the seek API as the connection

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Speaker 1: tools known to link it to the country's dominant online

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Speaker 1: recruitment platform, seek Toll. Employment Hero in June that it

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Speaker 1: would terminate its access to the API, which Employment Hero

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Speaker 1: claims is a breach of competition laws. A lot in that,

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Speaker 1: but it's going to make for a very interesting next

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Speaker 1: board meeting. Storry number four in Corporate News block share

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Speaker 1: price up to eleven percent today, mirroring a similar rise

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Speaker 1: on Wall Street AFT over the weekend after it joined

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Speaker 1: the S and P five hundred index. South thirty two

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Speaker 1: reported a strong June quarter, ending the twenty twenty five

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Speaker 1: fiscal year with one hundred and two percent of its

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Speaker 1: group wide production guidance achieved, helped by rising output across

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Speaker 1: key commodities. Its share price was up four percent. Regius

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Speaker 1: Resources has struck a deal to acquire a Great Southern

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Speaker 1: mining gold prospect to pay about nine million dollars. Its

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Speaker 1: share price finished down four percent, and Insignia Financial fell

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Speaker 1: after telling investors it remains in talks with three point

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Speaker 1: four billion dollar bitter CC Capital, but in Signia stress

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Speaker 1: there's no certainty that discussions will lead to a formal offer,

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Speaker 1: it fell six percent, the worst of the top two

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Speaker 1: hundred today finally straight number five, JP Morgan Chasing Co.

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Speaker 1: Has become far and away the biggest bank in the US.

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Speaker 1: It's now worth more than the value of the next

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Speaker 1: three banks combined. We reckon comm Bank's done well well.

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Speaker 1: JP Morgan's pretty much in that category. It's now got

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Speaker 1: a market cap of US eight hundred billion dollars. In

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Speaker 1: the last six months, JP Morgan made thirty billion US

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Speaker 1: dollars in profit. Its value is now more than the

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Speaker 1: combined value of Bank of America's City Group in Wells Fargo.

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Speaker 1: It's also widened its lead over Golden Sacks and Morgan

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Speaker 1: Stanley an investment banking revenue. As if the Afternoon report

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Speaker 1: for Monday, the twenty first of July twenty twenty five,

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Speaker 1: make sure you hit follow on the podcast. We'll be

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Speaker 1: back tomorrow morning with the Tuesday edition of the past

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Speaker 1: five business news. I've here and Greed. I'm Shan Almer

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Speaker 1: enjoys rap