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

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Speaker 1: for Thursday, the twenty seventh of March twenty twenty five.

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Speaker 1: I'm Sean Elmer. Every afternoon, we've got the five stories

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

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Speaker 1: in one. The ASX two hundred closed down around half

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Speaker 1: a percent today, with the tech stocks hit hardest. When

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Speaker 1: there's turmoil in the US and on Wall Street, the

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Speaker 1: local tech stocks tend to feel it most wise, Tech Global,

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Speaker 1: Software Group, Technology one, and Data Center on It next.

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Speaker 1: DC all fell. Worst of the top two hundred was

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Speaker 1: pro Medicus, down eight percent, in Zipco finished seven percent lower.

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Speaker 1: Is also a tough day for the property sector. Pathology

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Speaker 1: Services provide a healy S jumped to eleven percent after

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Speaker 1: announcing a fully franked special dividend following the sale of

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Speaker 1: subsidiary Loomis Imaging. Ramsey Healthcare rebounded, finishing up five percent.

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Speaker 1: The announcement of a twenty five percent tariff on cars

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Speaker 1: and parts entering the US hit the local market, with

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Speaker 1: parts maker bapcor B Corporation falling, as did dealership group

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Speaker 1: Eager's automotive story number two. Opposition leader Peter Dutton will

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Speaker 1: provide his budget response tonight, and the centerpiece will be

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Speaker 1: a promise to lower household costs by cutting the price

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Speaker 1: of petrol by reducing excise tax on petroleum for a

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Speaker 1: year that theoretically would reduce the cost of petrol by

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Speaker 1: about twenty five cents a liter or fourteen dollars a tank.

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Speaker 1: That compares to the Albanezi government's tax cuts of about

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Speaker 1: ten dollars a week, although the full amount doesn't kick

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Speaker 1: in for eighteen months or so. Those cuts have already

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Speaker 1: passed parliament. That happened last night, so we have tax

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Speaker 1: cuts up against lower fuel costs in the upcoming election,

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Speaker 1: which according to some analysts, might be called as early

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Speaker 1: as tomorrow. Story number three US real estate giant Costar

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Speaker 1: has put ford a second higher offer for Domain, saying

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Speaker 1: its bid of four dollars forty three a share is

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Speaker 1: the best and final offer that actually triggered a drop

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Speaker 1: in Domains share price. Investors expected another bid by Costar,

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Speaker 1: but wanted it to be closer to four dollars sixty

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Speaker 1: bid is five and a half percent higher than its

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Speaker 1: initial offer and forty percent higher than where Domain was

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Speaker 1: trading ahead of the original offer. On twentieth to February,

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Speaker 1: the Board of Domain, Australia's scond biggest property sales platform,

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Speaker 1: has opened the doors to co Star to do due diligence.

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Speaker 1: Nine entertainment owns and sixty percent of Domain. It's worth

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Speaker 1: about one point four billion dollars under the revised offer.

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Speaker 1: It will be the decision maker on whether the deal

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Speaker 1: goes ahead or not. Sorry number four. Donald Trump is

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Speaker 1: struggling to fend off criticism over at the inadvertent inclusion

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Speaker 1: of a journalist in a signal chat discussing military actions

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Speaker 1: in Yemen. The journalist was Atlantic editor Jeffrey Goldberg, and

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Speaker 1: yesterday morning he published the texts. It shows how Defense

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Speaker 1: Secretary Peter Hexath revealed specific operation details of attacks on

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Speaker 1: Yemen before and as they were occurring. There's a text

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Speaker 1: message from Hexath to the full group, which included Vice

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Speaker 1: President J. D. Vance Waltz and others, giving precise times

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Speaker 1: for two waves of US attacks and featuring details of

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Speaker 1: what weapons system would be used. The Trump administration has

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Speaker 1: responded by attacking Goldberg in the Atlantic, saying the text

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Speaker 1: messages didn't amount to warplans or classified information mind Jim.

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Speaker 1: Even some Republicans in Congress publicly aren't really buying that

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Speaker 1: line and story number five, Meta is alleged to have

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Speaker 1: deliberately and explicitly authorized a raid on two massive digital

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Speaker 1: warehouses have stolen intellectual property to help train its latest

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Speaker 1: AI model, Lama three, without attribution or financial recompense. Author's

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Speaker 1: works have been uploaded to large language models. According to

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Speaker 1: Form's magazine, the accusation is that Meta realized they needed

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Speaker 1: high quality content to populate its large language model. That's

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Speaker 1: the basis of AI, and books provide that, so they

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Speaker 1: used digital warehouses Libgen and Enna's archive to access books

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Speaker 1: and other content. The allegation is that Mark Zuckerberg greenlit

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Speaker 1: the alleged theft. Meta's response is that it comes under

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Speaker 1: fair use provisions and says LAMA three uses information that

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Speaker 1: transforms the content into new hour. That's it for the

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Speaker 1: afternoon report for Thursday, the twenty seventh of March twenty

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Speaker 1: twenty five. Make sure you hit follow on the podcast.

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Speaker 1: We will be back tomorrow morning with the Friday edition

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Speaker 1: of Your and Greed Business News. I'm Sean Elma. Enjoy

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Speaker 1: your evening,