1 00:00:06,360 --> 00:00:09,000 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:09,039 --> 00:00:11,560 Speaker 1: for Monday, the third of March twenty twenty five. I'm 3 00:00:11,600 --> 00:00:14,680 Speaker 1: Sean Almer. Every afternoon, we've got the five stories that 4 00:00:14,760 --> 00:00:16,920 Speaker 1: happened today that you need to know about. Stro Number one, 5 00:00:16,960 --> 00:00:19,880 Speaker 1: the SMPASX two hundred closed up nearly a percent to 6 00:00:20,040 --> 00:00:23,360 Speaker 1: eighty two hundred and forty six points today. It was 7 00:00:23,400 --> 00:00:26,760 Speaker 1: a very strong day, with all eleven sub indices higher, 8 00:00:26,840 --> 00:00:30,440 Speaker 1: led by the energy and tech sectors. In fact, eighteen 9 00:00:30,520 --> 00:00:33,000 Speaker 1: ten stocks ended higher. It was a bit of day 10 00:00:33,040 --> 00:00:35,559 Speaker 1: for minors after losses on Friday in the back of 11 00:00:35,640 --> 00:00:39,280 Speaker 1: Donald Trump's comments about tariffs. The HP jumped one and 12 00:00:39,280 --> 00:00:41,120 Speaker 1: a half percent today four s FW Metals was up 13 00:00:41,159 --> 00:00:44,120 Speaker 1: about the same. Rio rose more than three percent. Goodmin 14 00:00:44,159 --> 00:00:47,200 Speaker 1: Group rebounded somewhat, up nearly two percent. Tech stocks also 15 00:00:47,240 --> 00:00:50,440 Speaker 1: did well. Telstra rose nearly two percent, while Woodside was 16 00:00:50,520 --> 00:00:52,760 Speaker 1: up two point three percent. Not a lot of corporate 17 00:00:52,800 --> 00:00:55,360 Speaker 1: news around. You wouldn't expect it, given that profit season 18 00:00:55,520 --> 00:01:01,200 Speaker 1: ended last week. However, in RW Holdings, shares tumbled ten percent, 19 00:01:01,560 --> 00:01:04,600 Speaker 1: despite its attempt to reassure investors that it would recoup 20 00:01:04,640 --> 00:01:07,440 Speaker 1: the one hundred and thirteen million dollars owed from the 21 00:01:07,480 --> 00:01:11,200 Speaker 1: collapse of the Wyala steel Works. Story number two. Queensland 22 00:01:11,319 --> 00:01:15,080 Speaker 1: Premier David chris a Fully says the threat of tropical 23 00:01:15,160 --> 00:01:18,560 Speaker 1: Cyclone Alfred hitting the state's coast in the populated southeast 24 00:01:18,800 --> 00:01:22,279 Speaker 1: has increased and he's urged residents to be vigilant about 25 00:01:22,360 --> 00:01:26,119 Speaker 1: monitoring warnings. A tropical cyclone hasn't hit Brisbane for more 26 00:01:26,160 --> 00:01:29,240 Speaker 1: than fifty years. Chris of fully said the storm system 27 00:01:29,319 --> 00:01:33,280 Speaker 1: had de escalated to a Category one, but it's expected 28 00:01:33,319 --> 00:01:35,840 Speaker 1: to once again become a category two system when it 29 00:01:35,920 --> 00:01:39,400 Speaker 1: approaches land. Areas in the Sunshine Coast and Morton Bay 30 00:01:39,440 --> 00:01:41,840 Speaker 1: have been worn to expect the worst of the conditions. 31 00:01:42,200 --> 00:01:45,440 Speaker 1: As we record about four four thirty on Monday, the 32 00:01:45,560 --> 00:01:49,600 Speaker 1: cyclone is about four hundred and fifty kilometers east of Brisbane, 33 00:01:49,840 --> 00:01:52,600 Speaker 1: where it's producing swells of up to fifteen meters, with 34 00:01:52,720 --> 00:01:55,680 Speaker 1: waves closer to the coast of more than four meters. 35 00:01:56,240 --> 00:01:59,000 Speaker 1: Story number three. In politics, the crisis between the US 36 00:01:59,040 --> 00:02:03,520 Speaker 1: and Ukraine's dominateating local discussions. Prime Minister Anthony Alberanezi says 37 00:02:03,560 --> 00:02:06,640 Speaker 1: Australian support for Ukraine is an issue of doing what's right, 38 00:02:07,120 --> 00:02:11,119 Speaker 1: but also what's in Australia's national interest. Opposition leader Peter 39 00:02:11,200 --> 00:02:14,440 Speaker 1: Dutton says he's disappointed by the way Ukrainian President Vladimir 40 00:02:14,560 --> 00:02:17,720 Speaker 1: Zelenski was treated by US President Donald Trump and Vice 41 00:02:17,760 --> 00:02:21,400 Speaker 1: President jd Vance over the weekend. In Dutton's case, it 42 00:02:21,480 --> 00:02:25,280 Speaker 1: marked the strongest coalition review of the extraordinary confrontation in 43 00:02:25,320 --> 00:02:28,040 Speaker 1: the White House over the weekend. The Opposition leader said 44 00:02:28,320 --> 00:02:31,320 Speaker 1: it's important that European leaders are arranging a coalition of 45 00:02:31,320 --> 00:02:34,840 Speaker 1: the winning to support Ukraine. However, he says Australia should 46 00:02:35,000 --> 00:02:38,720 Speaker 1: not send troops to support that grouping if that's to eventuate. 47 00:02:39,160 --> 00:02:42,760 Speaker 1: Sorry Number four Bumper sales and his prime subscription business 48 00:02:42,760 --> 00:02:46,280 Speaker 1: pushed Amazon to record local revenues of seven point seven 49 00:02:46,360 --> 00:02:49,960 Speaker 1: billion dollars last year, up around twenty percent, helping sement 50 00:02:50,040 --> 00:02:53,720 Speaker 1: its dominance in Australia's e commerce sector. In accounts lodged 51 00:02:53,760 --> 00:02:56,600 Speaker 1: with the Corporate regulator, Amazon said revenues from its e 52 00:02:56,600 --> 00:02:59,119 Speaker 1: commerce business rows twenty three percent to about three point 53 00:02:59,120 --> 00:03:02,800 Speaker 1: eight billion dollars last year. It's cloud computing division, Amazon 54 00:03:02,840 --> 00:03:07,040 Speaker 1: Web Services, recorded an eighteen percent lift in revenue almost 55 00:03:07,080 --> 00:03:09,840 Speaker 1: four billion dollars. According to the finn Review. Its prime 56 00:03:09,880 --> 00:03:13,480 Speaker 1: subscription program had revenues of four hundred and eighty million dollars, 57 00:03:13,639 --> 00:03:17,240 Speaker 1: up almost forty percent, according to the accounts. The subscription 58 00:03:17,400 --> 00:03:20,440 Speaker 1: service gives users access to services like same day delivery 59 00:03:20,440 --> 00:03:23,560 Speaker 1: for products purchased through the Amazon Store and to streaming 60 00:03:23,600 --> 00:03:27,120 Speaker 1: on its video platforms. The Seattle headquarter Technology Giant has 61 00:03:27,160 --> 00:03:30,160 Speaker 1: invested around twenty billion dollars in Australia since it arrived 62 00:03:30,160 --> 00:03:33,240 Speaker 1: in twenty eleven. And story number five. Britain and France 63 00:03:33,320 --> 00:03:37,600 Speaker 1: are leading a frantic European attempt to salvage peace hopes 64 00:03:37,640 --> 00:03:39,440 Speaker 1: in Ukraine, with the plan to end the war that 65 00:03:39,440 --> 00:03:43,440 Speaker 1: would include an initial one month truce with Russia covering 66 00:03:43,440 --> 00:03:47,680 Speaker 1: airc and infrastructure. UK Prime Minister Sir Keir Starmer said 67 00:03:47,680 --> 00:03:51,520 Speaker 1: that Europe would step in as intermediaries for Vladimir Zelenski 68 00:03:51,840 --> 00:03:54,440 Speaker 1: to try and stop the fighting. After the Ukrainian leaders 69 00:03:54,480 --> 00:03:57,760 Speaker 1: role with US President Donald Trump in the office over 70 00:03:57,760 --> 00:04:02,240 Speaker 1: the weekend, Starmer and French President Emmanuel Macron are promoting 71 00:04:02,280 --> 00:04:05,280 Speaker 1: a deal which they hope will see Trump provide US 72 00:04:05,360 --> 00:04:07,920 Speaker 1: cover for troops from a European coalition of the willing 73 00:04:08,240 --> 00:04:12,000 Speaker 1: deployed to secure NECs foreign Ukraine. Starmer said, Europe must 74 00:04:12,040 --> 00:04:15,040 Speaker 1: do the heavy lifting, but the effort must have strong 75 00:04:15,240 --> 00:04:18,279 Speaker 1: US backing. A second key part of the European plan 76 00:04:18,680 --> 00:04:21,600 Speaker 1: involves Zelensky signing a proposed deal to provide the US 77 00:04:21,640 --> 00:04:24,720 Speaker 1: with a share of revenues from some of Ukraine's mineral reserves, 78 00:04:25,000 --> 00:04:28,680 Speaker 1: giving Washington an economic stake in a peace settlement. That's 79 00:04:28,720 --> 00:04:31,159 Speaker 1: it for afternoon report for Monday, eighty third of March 80 00:04:31,200 --> 00:04:33,400 Speaker 1: twenty twenty five. Make sure you hit follow on the podcast. 81 00:04:33,480 --> 00:04:35,680 Speaker 1: We'll be back tomorrow morning with the Tuesday edition. A 82 00:04:35,720 --> 00:04:39,240 Speaker 1: few and greed business news. I'm Sean Elmer. Enjoy your evening.