1 00:00:03,480 --> 00:00:06,120 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,160 --> 00:00:09,280 Speaker 1: for Tuesday the sixth May twenty twenty five. I'm Sean Aelmer. 3 00:00:09,600 --> 00:00:11,959 Speaker 1: Every afternoon, we've got the five stories that happened today 4 00:00:11,960 --> 00:00:13,640 Speaker 1: that you need to know about. Straying Number one. The 5 00:00:13,720 --> 00:00:17,880 Speaker 1: SMPASEX two hundred closed down just to touch today to 6 00:00:17,960 --> 00:00:20,880 Speaker 1: eighty one hundred and fifty one points, with healthcare stocks 7 00:00:20,960 --> 00:00:24,400 Speaker 1: leading the market lower, while energy and property companies did best. 8 00:00:24,680 --> 00:00:28,160 Speaker 1: Endeavor's share price dropped another four percent, with investors impatient 9 00:00:28,560 --> 00:00:32,040 Speaker 1: about new chief executive Jane Hurdlicker. She isn't due to 10 00:00:32,080 --> 00:00:35,800 Speaker 1: begin until January one. They want her at Endeavor sooner. 11 00:00:36,200 --> 00:00:39,560 Speaker 1: Crude oil prices picked up a touch, though it's still training. 12 00:00:39,600 --> 00:00:42,040 Speaker 1: They're still trading around four year lows. That helped Woodside 13 00:00:42,080 --> 00:00:44,960 Speaker 1: In Santos. The banks were lower. National Australian Bank reports 14 00:00:44,960 --> 00:00:47,599 Speaker 1: it's half year earnings tomorrow. Story number two of them. 15 00:00:47,600 --> 00:00:50,480 Speaker 1: A Quarry Annual Conference is on and that means about 16 00:00:50,479 --> 00:00:53,400 Speaker 1: one hundred companies from the AX are presenting updates on 17 00:00:53,440 --> 00:00:58,240 Speaker 1: their performances. Some of the highlights from today. HMC Capital 18 00:00:58,280 --> 00:01:01,440 Speaker 1: fell six percent after telling investor it was in advanced 19 00:01:01,600 --> 00:01:04,720 Speaker 1: talks with hospital operators to take control of the eleven 20 00:01:04,760 --> 00:01:08,880 Speaker 1: health Scope hospitals it owns. Sigma Healthcare also fell sharply, 21 00:01:08,880 --> 00:01:11,360 Speaker 1: down around six and a half percent, after saying it 22 00:01:11,400 --> 00:01:14,520 Speaker 1: had incurred around forty million dollars of transaction costs related 23 00:01:14,560 --> 00:01:18,000 Speaker 1: to its merger with Chemist Warehouse. Best was tab Court, 24 00:01:18,040 --> 00:01:21,360 Speaker 1: which jumped nine percent after saying it hadn't noticed a 25 00:01:21,480 --> 00:01:25,480 Speaker 1: discernible change in consumer demand, and data center builder and 26 00:01:25,520 --> 00:01:28,520 Speaker 1: operated next DC share price jumped eight percent after it 27 00:01:28,560 --> 00:01:31,600 Speaker 1: said it was accelerating spending on new facilities following a 28 00:01:31,680 --> 00:01:35,160 Speaker 1: rush of orders straight number three. The recriminations for the 29 00:01:35,280 --> 00:01:38,319 Speaker 1: Liberal Party continue. There's a push within the party to 30 00:01:38,360 --> 00:01:41,280 Speaker 1: adopt gender quotas to help its appeal to more voters. 31 00:01:41,760 --> 00:01:44,759 Speaker 1: The Libs have a problem appealing to women. That seems 32 00:01:44,760 --> 00:01:48,520 Speaker 1: pretty clear. New South Wales's Liberal senator Maria Kovicic today 33 00:01:48,560 --> 00:01:52,080 Speaker 1: said the coalition needs to implement gender quotas to ensure 34 00:01:52,120 --> 00:01:55,240 Speaker 1: more women are elected. The lack of female support has 35 00:01:55,280 --> 00:01:57,360 Speaker 1: contributed to the Liberal Party being on track to record 36 00:01:57,440 --> 00:02:01,760 Speaker 1: its lowest primary vote since its form in the nineteen forties. 37 00:02:02,000 --> 00:02:04,640 Speaker 1: At the moment, it has just thirty nine seats in 38 00:02:04,680 --> 00:02:07,240 Speaker 1: the one hundred and fifty seat House of Reps, while 39 00:02:07,320 --> 00:02:11,320 Speaker 1: leadership candidates Susan Lee, Angus Taylor, and Dan Teen are 40 00:02:11,320 --> 00:02:14,280 Speaker 1: weighing up their bids to lead the party. National Senate 41 00:02:14,360 --> 00:02:17,880 Speaker 1: leader Bridget mackenzie says the coalition, including the Nationals, need 42 00:02:17,919 --> 00:02:22,080 Speaker 1: a deep, honest and brutal examination. Storing Number four Logistics 43 00:02:22,200 --> 00:02:25,400 Speaker 1: technology giant wise Tech is concerned about a potential hit 44 00:02:25,400 --> 00:02:27,880 Speaker 1: to profits as a result of Donald Trump's tariffs, saying 45 00:02:28,040 --> 00:02:31,280 Speaker 1: global container volumes are set to drop this year. Wires 46 00:02:31,320 --> 00:02:34,600 Speaker 1: Tech Today warned of uncertainty in the current geopolitical landscape, 47 00:02:34,680 --> 00:02:38,720 Speaker 1: macroeconomic conditions, and the global trading environment. It's recently made 48 00:02:38,720 --> 00:02:40,639 Speaker 1: a three and a half billion dollar bid for US 49 00:02:40,720 --> 00:02:44,120 Speaker 1: based e to open an American supply chain software business. 50 00:02:44,160 --> 00:02:47,200 Speaker 1: Its share price fell three percent today, and story number 51 00:02:47,240 --> 00:02:50,720 Speaker 1: five CSL says a reluctance to get vaccinated in the 52 00:02:50,800 --> 00:02:55,000 Speaker 1: US has been challenging, but they're encouraged by an uptick 53 00:02:55,040 --> 00:02:58,239 Speaker 1: and expansion in other markets, including Germany and France. Speaking 54 00:02:58,240 --> 00:03:01,400 Speaker 1: at mcquarie's annual conference, CFO Joy Linton said that the 55 00:03:01,480 --> 00:03:04,600 Speaker 1: US experienced one of the worst flu seasons ever, which 56 00:03:04,600 --> 00:03:07,160 Speaker 1: would usually result in an increase in doctors recommending the 57 00:03:07,240 --> 00:03:10,040 Speaker 1: vaccine in the following period, but this is unlikely to 58 00:03:10,080 --> 00:03:13,600 Speaker 1: happen due to the new Republican administration's aversion to inoculations, 59 00:03:13,880 --> 00:03:17,520 Speaker 1: she said. Sayah Cell has no confidence in vaccinations picking up, 60 00:03:17,760 --> 00:03:20,120 Speaker 1: which is bad for public health. The one hundred and 61 00:03:20,160 --> 00:03:23,320 Speaker 1: twenty three billion dollar company has produced seasonal flu vaccines 62 00:03:23,440 --> 00:03:26,480 Speaker 1: since the nineteen forties. Its share price closed down three 63 00:03:26,480 --> 00:03:29,320 Speaker 1: percent today. That's it for the afternoon report for Tuesday, 64 00:03:29,360 --> 00:03:31,280 Speaker 1: the sixth of May twenty twenty five. Make sure you 65 00:03:31,400 --> 00:03:33,560 Speaker 1: hit follow on the podcast. We will be back tomorrow 66 00:03:33,639 --> 00:03:36,240 Speaker 1: morning with the Wednesday edition of Beer and Greed Business News. 67 00:03:36,240 --> 00:03:38,200 Speaker 1: I'm Seane Elmer. Enjoy your evening.