1 00:00:03,640 --> 00:00:07,080 Speaker 1: Welcome to the Fearing Greed Business News Afternoon Report for Wednesday, 2 00:00:07,160 --> 00:00:09,680 Speaker 1: the eleventh of June twenty twenty five. I'm Sean Elmer. 3 00:00:09,960 --> 00:00:12,520 Speaker 1: Every afternoon, we've got the five stories that happen today 4 00:00:12,520 --> 00:00:14,360 Speaker 1: that you need to know about. Story number one. The 5 00:00:14,520 --> 00:00:17,120 Speaker 1: S and p ASX two hundred hit a new inter 6 00:00:17,239 --> 00:00:20,680 Speaker 1: day high of eight six hundred and thirty nine point 7 00:00:20,720 --> 00:00:23,560 Speaker 1: one points this morning. By the close, though the market 8 00:00:23,600 --> 00:00:26,040 Speaker 1: had dropped back. It finished up just five points to 9 00:00:26,120 --> 00:00:28,720 Speaker 1: eighty five hundred and ninety two points, best of the 10 00:00:28,720 --> 00:00:31,200 Speaker 1: top two hundred with the real estate and energy companies. 11 00:00:31,400 --> 00:00:35,280 Speaker 1: While tech stocks underperformed in terms of individual stocks, BHP 12 00:00:35,479 --> 00:00:37,879 Speaker 1: jumped two percent, while Force hum Metals Group was up 13 00:00:37,920 --> 00:00:41,040 Speaker 1: nearly four percent. Woodside raised more than two percent. Underperformers 14 00:00:41,080 --> 00:00:45,440 Speaker 1: included zero Promedicus, QB, and CSL. Story number two of 15 00:00:45,440 --> 00:00:49,000 Speaker 1: the United States has quickly criticized the federal government's decision 16 00:00:49,400 --> 00:00:53,760 Speaker 1: to sanction two Israeli government ministers. Foreign Minister Penny Wong 17 00:00:53,880 --> 00:00:58,640 Speaker 1: unveiled targeted sanctions against Israel's National Security Minister and Finance 18 00:00:58,680 --> 00:01:02,760 Speaker 1: Minister for an i quote extremist violence and serious abuses 19 00:01:02,840 --> 00:01:06,480 Speaker 1: of Palestinian human rights quote The sanctions will prevent the 20 00:01:06,560 --> 00:01:09,400 Speaker 1: pair from traveling to Australia, freeze any assets they hold 21 00:01:09,440 --> 00:01:12,680 Speaker 1: in the country, and mean they will be denied financial support. 22 00:01:13,000 --> 00:01:17,360 Speaker 1: Anthony Albernizi said, we support Israel's right to live and 23 00:01:17,400 --> 00:01:20,600 Speaker 1: to exist in secure borders, but we also support the 24 00:01:20,800 --> 00:01:25,440 Speaker 1: legitimate aspirations of Palestinian's. US Secretary of State Marco Rubio 25 00:01:25,560 --> 00:01:28,919 Speaker 1: condemned the actions by Australia and for other nations, saying 26 00:01:28,959 --> 00:01:31,520 Speaker 1: they wouldn't help the US achieve as CESAR and Gaza 27 00:01:31,560 --> 00:01:34,240 Speaker 1: Prime Minister Anthony Albernzi later in the day said the 28 00:01:34,280 --> 00:01:39,080 Speaker 1: criticism from the US was predictable. Story number three Pacific 29 00:01:39,120 --> 00:01:42,760 Speaker 1: Equity Partners has made a bid for John's Ling. However, 30 00:01:42,920 --> 00:01:46,119 Speaker 1: the Building Services Group is not telling shareholders how much 31 00:01:46,880 --> 00:01:49,440 Speaker 1: mighty odd really given talks been going on for weeks 32 00:01:49,520 --> 00:01:55,000 Speaker 1: and John's Lying's announcement today is headed j LG receives 33 00:01:55,000 --> 00:01:58,080 Speaker 1: conditional and non binding indicative proposal, so you think there'd 34 00:01:58,120 --> 00:02:01,400 Speaker 1: be a share price not Today, Notwithstanding the lack of 35 00:02:01,400 --> 00:02:04,640 Speaker 1: that important detail, JLG share price jumped eighteen and a 36 00:02:04,720 --> 00:02:08,000 Speaker 1: half percent to just over three dollars a share. Story 37 00:02:08,080 --> 00:02:11,639 Speaker 1: number four New Zealand based building Materials Group of Fletcher 38 00:02:11,680 --> 00:02:17,120 Speaker 1: Buildings says it has received ongoing inbound inquiries from parties 39 00:02:17,120 --> 00:02:20,320 Speaker 1: interested in its business that triggered an eleven percent surge 40 00:02:20,320 --> 00:02:23,320 Speaker 1: in its share price today. What else was going on well? 41 00:02:23,360 --> 00:02:27,080 Speaker 1: Monish ivf rallied fourteen percent after plunging twenty eight percent 42 00:02:27,160 --> 00:02:29,880 Speaker 1: yesterday when the fertility company revealed an embryo mix up 43 00:02:29,919 --> 00:02:34,320 Speaker 1: at its Melbourne laboratory. Three retailers, including ASX listed jewelry 44 00:02:34,360 --> 00:02:37,840 Speaker 1: group Michael Hill, have been panelized for allegedly making falls 45 00:02:37,840 --> 00:02:41,359 Speaker 1: and misleading representations about their Black Friday sales. The other 46 00:02:41,400 --> 00:02:44,600 Speaker 1: two retailers were Global retail Brands Australia in relation to 47 00:02:44,639 --> 00:02:49,160 Speaker 1: its homewares business My House and has Hairhouse Warehouse Online, 48 00:02:49,480 --> 00:02:52,840 Speaker 1: which operates the Hairhouse here and beauty website. The AGEABCY 49 00:02:52,880 --> 00:02:56,960 Speaker 1: identified concerns that the ads Miths represented the size and 50 00:02:57,040 --> 00:03:01,480 Speaker 1: scope of discounts being offered to consumers. Richest person, Gena Reinhart, 51 00:03:01,560 --> 00:03:04,760 Speaker 1: will bring her to major iron ore companies Roy Hill 52 00:03:04,800 --> 00:03:08,040 Speaker 1: and Atlas Iron under the one name Hancock iron Ore, 53 00:03:08,400 --> 00:03:11,120 Speaker 1: finally storing number five. The unrest in Los Angeles continues, 54 00:03:11,160 --> 00:03:14,320 Speaker 1: with US President Donald Trump using a speech honoring soldiers 55 00:03:14,680 --> 00:03:17,720 Speaker 1: to defend his decision to deploy troops to Los Angeles, 56 00:03:18,040 --> 00:03:20,840 Speaker 1: saying they would liberate the city. Trump said, and I 57 00:03:20,919 --> 00:03:23,960 Speaker 1: quote what you're witnessing in California is a full blown 58 00:03:23,960 --> 00:03:27,440 Speaker 1: assault on peace, on public order, and on national sovereignty, 59 00:03:27,840 --> 00:03:31,480 Speaker 1: carried out by rioters bearing foreign flags end quote. It 60 00:03:31,560 --> 00:03:34,440 Speaker 1: comes after he deployed seven hundred Marines and four thousand 61 00:03:34,520 --> 00:03:37,360 Speaker 1: National Guards to LA to help dows rights that are 62 00:03:37,400 --> 00:03:41,600 Speaker 1: protesting his immigration policies. Street demonstrations have been under way 63 00:03:41,640 --> 00:03:45,040 Speaker 1: since Friday, when activists clashed with sheriff's deputies. Los Angeles 64 00:03:45,040 --> 00:03:47,160 Speaker 1: officials have said the unrest has been limited to a 65 00:03:47,200 --> 00:03:50,280 Speaker 1: few downtown blocks and that the majority of demonstrators are 66 00:03:50,280 --> 00:03:54,640 Speaker 1: protesting peacefully in support of immigrants. Now. According to Bloomberg, 67 00:03:54,760 --> 00:03:57,960 Speaker 1: Los Angeles Mayor Karen Bass has now declared a curfew 68 00:03:58,000 --> 00:04:02,360 Speaker 1: for the downtown area. Unrest is continuing. US media is 69 00:04:02,400 --> 00:04:05,960 Speaker 1: also reporting there a protests in New York City and Chicago. 70 00:04:06,440 --> 00:04:08,760 Speaker 1: That's it for the afternoon report for Wednesday, the eleventh 71 00:04:08,760 --> 00:04:10,840 Speaker 1: of June twenty twenty five. Make sure you hit follow 72 00:04:10,920 --> 00:04:12,880 Speaker 1: on the podcast. We'll be back tomorrow morning with is 73 00:04:12,880 --> 00:04:15,320 Speaker 1: Thursday edition. I bere and green business News. I'm Sean 74 00:04:15,400 --> 00:04:16,880 Speaker 1: elma Enjoy your evening.