1 00:00:03,000 --> 00:00:05,760 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:05,800 --> 00:00:08,360 Speaker 1: for Thursday, the twenty seventh of March twenty twenty five. 3 00:00:08,440 --> 00:00:11,400 Speaker 1: I'm Sean Aylmer. Every afternoon, we've got the five stories 4 00:00:11,400 --> 00:00:13,400 Speaker 1: that happened today that you need to know about. Story 5 00:00:13,400 --> 00:00:16,439 Speaker 1: in one. The ASX two hundred closed down around half 6 00:00:16,480 --> 00:00:19,680 Speaker 1: a percent today, with the tech stocks hit hardest. When 7 00:00:19,720 --> 00:00:21,840 Speaker 1: there's turmoil in the US and on Wall Street, the 8 00:00:21,840 --> 00:00:25,160 Speaker 1: local tech stocks tend to feel it most wise, Tech Global, 9 00:00:25,280 --> 00:00:28,240 Speaker 1: Software Group, Technology one, and Data Center own It next 10 00:00:28,320 --> 00:00:31,159 Speaker 1: DC all fell. Worst of the top two hundred was 11 00:00:31,160 --> 00:00:34,680 Speaker 1: pro Medicus, down eight percent, in Zipco finished seven percent lower. 12 00:00:34,960 --> 00:00:37,720 Speaker 1: Is also a tough day for the property sector. Pathology 13 00:00:37,760 --> 00:00:40,560 Speaker 1: Services provide a healy S jump to eleven percent after 14 00:00:40,560 --> 00:00:43,519 Speaker 1: announcing a fully franked special dividend following the sale of 15 00:00:43,680 --> 00:00:48,600 Speaker 1: subsidiary Loomis Imaging. Ramsey Healthcare rebounded, finishing up five percent. 16 00:00:48,960 --> 00:00:51,720 Speaker 1: The announcement of a twenty five percent tariff on cars 17 00:00:51,760 --> 00:00:55,080 Speaker 1: and parts entering the US hit the local market, with 18 00:00:55,200 --> 00:00:59,520 Speaker 1: parts maker bapcor and AARB Corporation falling, as did dealership 19 00:00:59,560 --> 00:01:03,360 Speaker 1: group Eigers Automotive Story number two Opposition leader Peter Dutton 20 00:01:03,640 --> 00:01:06,440 Speaker 1: will provide his budget response tonight, and the centerpiece will 21 00:01:06,440 --> 00:01:09,440 Speaker 1: be a promise to lower household costs by cutting the 22 00:01:09,440 --> 00:01:13,120 Speaker 1: price of petrol by reducing excise tax on petroleum for 23 00:01:13,120 --> 00:01:16,280 Speaker 1: a year that theoretically would reduce the cost of petrol 24 00:01:16,280 --> 00:01:19,240 Speaker 1: by about twenty five cents a liter or fourteen dollars 25 00:01:19,280 --> 00:01:22,120 Speaker 1: a tank. That compares to the Albanezi government's tax cuts 26 00:01:22,120 --> 00:01:24,600 Speaker 1: of about ten dollars a week, although the full amount 27 00:01:24,600 --> 00:01:27,520 Speaker 1: doesn't kick in four eighteen months or so, those cuts 28 00:01:27,520 --> 00:01:30,200 Speaker 1: have already passed parliament. That happened last night, so we 29 00:01:30,240 --> 00:01:32,960 Speaker 1: have tax cuts up against lower fuel costs in the 30 00:01:33,040 --> 00:01:36,200 Speaker 1: upcoming election, which according to some analysts, might be called 31 00:01:36,240 --> 00:01:39,639 Speaker 1: as early as tomorrow. Story number three US real estate 32 00:01:39,800 --> 00:01:43,520 Speaker 1: giant Costar has put Ford a second higher offer for Domain, 33 00:01:43,640 --> 00:01:46,000 Speaker 1: saying its bid of four dollars forty three a share 34 00:01:46,360 --> 00:01:49,480 Speaker 1: is the best and final offer that actually triggered a 35 00:01:49,600 --> 00:01:53,560 Speaker 1: drop in Domains share price. Investors expected another bid by Costar, 36 00:01:53,960 --> 00:01:56,400 Speaker 1: but wanted it to be closer to four dollars sixty. 37 00:01:56,680 --> 00:01:58,520 Speaker 1: The revised bid is five and a half per cent 38 00:01:58,600 --> 00:02:01,120 Speaker 1: higher than its initial offer, in forty percent higher than 39 00:02:01,120 --> 00:02:03,880 Speaker 1: where Domain was trading ahead of the original offer. On 40 00:02:03,960 --> 00:02:06,880 Speaker 1: twenty to February, the Board of Domain, Australia's scond biggest 41 00:02:06,880 --> 00:02:09,520 Speaker 1: property sales platform, has opened the doors to co Star 42 00:02:09,919 --> 00:02:13,120 Speaker 1: to do due diligence. Nine entertainment owns and sixty percent 43 00:02:13,160 --> 00:02:15,399 Speaker 1: of Domain. It's worth about one point four billion dollars 44 00:02:15,480 --> 00:02:18,080 Speaker 1: under the revised offer. It will be the decision maker 45 00:02:18,200 --> 00:02:21,040 Speaker 1: on whether the deal goes ahead or not. Sorry number four. 46 00:02:21,040 --> 00:02:24,240 Speaker 1: Donald Trump is struggling to fend off criticism over at 47 00:02:24,320 --> 00:02:28,080 Speaker 1: the inadvertent inclusion of a journalist in a signal chat 48 00:02:28,360 --> 00:02:32,120 Speaker 1: discussing military actions in Yemen. The journalist was Atlantic editor 49 00:02:32,160 --> 00:02:36,080 Speaker 1: Jeffrey Goldberg, and yesterday morning he published the texts. It 50 00:02:36,120 --> 00:02:41,160 Speaker 1: shows how Defense Secretary Peter Hexath revealed specific operation details 51 00:02:41,200 --> 00:02:44,280 Speaker 1: of attacks on Yemen before and as they were occurring. 52 00:02:44,520 --> 00:02:46,840 Speaker 1: There's a text message from Hexath to the full group, 53 00:02:46,840 --> 00:02:49,920 Speaker 1: which included Vice President J. D. Vance Waltz and others, 54 00:02:50,200 --> 00:02:54,080 Speaker 1: giving precise times for two waves of US attacks and 55 00:02:54,160 --> 00:02:57,079 Speaker 1: featuring details of what weapons system would be used. The 56 00:02:57,120 --> 00:03:00,760 Speaker 1: Trump administration has responded by attacking gold So again the Atlantic, 57 00:03:00,840 --> 00:03:04,280 Speaker 1: saying the text messages didn't amount to warplans or classified information. 58 00:03:05,080 --> 00:03:08,639 Speaker 1: Mind Jim even some Republicans in Congress publicly aren't really 59 00:03:08,680 --> 00:03:12,320 Speaker 1: buying that line and story number five, Meta is alleged 60 00:03:12,360 --> 00:03:15,720 Speaker 1: to have deliberately and explicitly authorized a raid on two 61 00:03:15,880 --> 00:03:19,840 Speaker 1: massive digital warehouses have stolen intellectual property to help train 62 00:03:20,000 --> 00:03:25,000 Speaker 1: its latest AI model, Lama three, without attribution or financial recompense. 63 00:03:25,400 --> 00:03:29,079 Speaker 1: Author's works have been uploaded to large language models. According 64 00:03:29,120 --> 00:03:32,880 Speaker 1: to Form's magazine, the accusation is that Meta realized they 65 00:03:32,919 --> 00:03:36,080 Speaker 1: needed high quality content to populate its large language model. 66 00:03:36,160 --> 00:03:39,200 Speaker 1: That's the basis of AI, and books provide that, so 67 00:03:39,520 --> 00:03:43,560 Speaker 1: they used digital warehouses Libgen and Enna's archive to access 68 00:03:43,600 --> 00:03:47,280 Speaker 1: books and other content. The allegation is that Mark Zuckerberg 69 00:03:47,320 --> 00:03:50,960 Speaker 1: greenlit the alleged theft. Meta's response is that it comes 70 00:03:51,040 --> 00:03:54,760 Speaker 1: under fair use provisions and says LAMA three uses information 71 00:03:54,840 --> 00:03:57,760 Speaker 1: but transforms the content into new output. That's it for 72 00:03:57,760 --> 00:04:00,200 Speaker 1: the Afternoon Report for Thursday, the twenty seventh of March 73 00:04:00,280 --> 00:04:02,640 Speaker 1: twenty twenty five. Make sure you hit follow on the podcast. 74 00:04:02,680 --> 00:04:04,960 Speaker 1: We'll be back tomorrow morning with the Friday edition of 75 00:04:04,960 --> 00:04:07,480 Speaker 1: the Fast five Business News by Peer and Greed. I'm 76 00:04:07,520 --> 00:04:09,240 Speaker 1: sure I elma enjoy your evening.