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

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Speaker 1: for Tuesday, the eleventh of February twenty twenty five. I'm

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Speaker 1: Sean Almer. Every afternoon, we've got the five stories that

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

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Speaker 1: amine plenty of profits out today. Sales Cell's share price

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Speaker 1: fell five percent after the Blood Plasma Group and our

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Speaker 1: stay solid result. They said the lower vaccination rates in

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Speaker 1: the US had hurt first half sales for its vaccination's business.

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Speaker 1: Macquarie Group gave a quarterly update, and the financial Bohemouth

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Speaker 1: said that things are on track, with earnings in its

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Speaker 1: asset management business off setting lower earnings in other parts

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Speaker 1: of the operations, particularly those reliant on global markets and

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Speaker 1: commodities trading. They were the big two in the equity market.

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Speaker 1: The SMPA six two hundred rows sharply and then spent

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Speaker 1: most of the day falling to finish pretty much unchanged

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Speaker 1: for the session at eight four hundred and eighty four points. Broadly,

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Speaker 1: it was a good day for industrials and tech companies,

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Speaker 1: not so good for an ergy health care stocks. In

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Speaker 1: the healthcare stocks, of course, were down on the back

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Speaker 1: of the c cell result. Gold hit a record high today,

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Speaker 1: sending evolution mining and gray mining much much higher. The

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Speaker 1: precious metal is now training at two nine hundred and

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Speaker 1: thirty three US dollars an ounce, so close to the

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Speaker 1: magical three thousand US dollars an ounce figure. Lithium stocks

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Speaker 1: fell back after news that a major lithium producer in

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Speaker 1: China had restarted operations. Linetown Resources was down nine percent today,

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Speaker 1: the worst on the ASX two hundred story number two.

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Speaker 1: Consumers are slowly getting happier or perhaps less grumpy, but

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Speaker 1: business sentiment continues to remain depressed. The Westpac Melbourne Institute

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Speaker 1: survey was unchanged in February. It's still well and truly

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Speaker 1: in negative territory when it comes to consumer sentiment. That's

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Speaker 1: three years of more pessimous than optimus, which is a

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Speaker 1: record since the nineteen nineties. But the good news the

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Speaker 1: trend is your friend in this case, and the trend

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Speaker 1: when it comes to consumer sentiment is rise. In business land,

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Speaker 1: conditions continue to trend down, those sentiment looks to have stabilized,

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Speaker 1: at least unlike consumers, businesses are still in positive territory. Combined,

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Speaker 1: the two probably suggest the worst is behind for the

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Speaker 1: Australian economy. Straight number three it was a good day

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Speaker 1: for the media companies, with Nine's share priced jumping thirteen

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Speaker 1: percent and seven West up six percent. That's after the

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Speaker 1: latter said the ad market is showing signs of turning

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Speaker 1: the part I thought was really interesting. Seven plus obviously

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Speaker 1: part of seven West. Seven Plus gained three hundred and

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Speaker 1: forty seven thousand new registered users on the back of

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Speaker 1: the channel streaming the Sri Lanka cricket series. Now it

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Speaker 1: doesn't cost to subscribe, but it shows it's a good

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Speaker 1: way for seven and seven plus to pick up new subscribers.

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Speaker 1: Straight number four Brevel, the high end coffee and kitchen

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Speaker 1: machinery manufacturer, is entering China, hoping that the Chinese decide

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Speaker 1: it's time to make their brews at home. It wants

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Speaker 1: to sell direct consumers rather than via reins Tyler's, who

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Speaker 1: also wants to head to the Middle East, and it's

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Speaker 1: opening a base in Dubai. Chief executive Jim Clayton said

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Speaker 1: the company has already stockpiled product in the US to

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Speaker 1: avoid potential tariffs. China's big manufacturing base for the organization.

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Speaker 1: If it starts selling from China to the US, it's

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Speaker 1: going to hit by those Trump tariffs. Clayton said he

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Speaker 1: liked the Chinese market because many people bought directly online,

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Speaker 1: so it was lower than having to lower cost than

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Speaker 1: having to establish stores and story number five. Egypt has

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Speaker 1: told the US that Arab states reject US President Donald

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Speaker 1: Trump's widely condemned plan to displace Palestinians in Gaza and

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Speaker 1: take control of the territory. During a meeting in Washington,

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Speaker 1: each of his foreign minister stressed the importance of expediting

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Speaker 1: Gaza's reconstruction while Palestinians remained there. A statement by the

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Speaker 1: US State Department after the meeting reiterated the importance of

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Speaker 1: close cooperation between the two. Meanwhile, President Donald Trump says

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Speaker 1: the ceasefire agreement between Israel and Hamas should be canceled

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Speaker 1: if Hamas doesn't release all the remaining hostages by Sunday.

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Speaker 1: And while on the subject of the President, he has

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Speaker 1: ordered the Department of Justice to halt the enforcement of

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Speaker 1: a ban on Americans bribing foreign officials. Who's taking the

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Speaker 1: ban off Americans bribing foreign officials? Let's sit for the

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Speaker 1: Outternoon report for Tuesday, the eleventh of February twenty twenty five,

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Speaker 1: make sure you hit follow on the podcast. We will

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Speaker 1: be back tomorrow morning with the Wednesday edition of the

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Speaker 1: Fast five Business News by Pier and Greed. I'm Sean Elmer.

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Speaker 1: Enjoy your reading.