1 00:00:03,600 --> 00:00:06,280 Sean Aylmer: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,280 --> 00:00:08,880 Sean Aylmer: for Tuesday, the twenty second of April twenty twenty five. 3 00:00:08,920 --> 00:00:11,959 Sean Aylmer: I'm Sean Aylmer. Every afternoon, We've got the five stories 4 00:00:12,000 --> 00:00:14,280 Sean Aylmer: that happened today that you need to know about. Story one, 5 00:00:14,320 --> 00:00:17,560 Sean Aylmer: there's in PASEX two hundred closed flat. It fell at 6 00:00:17,560 --> 00:00:20,239 Sean Aylmer: the opening following the leading from Wall Street overnight, but 7 00:00:20,360 --> 00:00:23,119 Sean Aylmer: then climbed back to where it started. Common Off Bank 8 00:00:23,320 --> 00:00:25,479 Sean Aylmer: was the standout on the day. The biggest stock on 9 00:00:25,520 --> 00:00:29,040 Sean Aylmer: the AX closed up nearly four percent, which saved the 10 00:00:29,080 --> 00:00:32,520 Sean Aylmer: index from dropping. The Tech and Energy indices were among 11 00:00:32,640 --> 00:00:36,280 Sean Aylmer: the worst performers in terms of big stocks wise Tech Global, 12 00:00:36,320 --> 00:00:40,600 Sean Aylmer: Goodman Group, Aristocrat, Leisure, and Woodside were among the worst performers. 13 00:00:40,960 --> 00:00:44,000 Sean Aylmer: Uranium Minor, Paladin and Energy was actually the worst performer 14 00:00:44,000 --> 00:00:45,920 Sean Aylmer: of the top two hundred at least down twelve percent 15 00:00:45,960 --> 00:00:48,400 Sean Aylmer: by now pay Later group zip cob was off nine percent. 16 00:00:48,720 --> 00:00:50,680 Sean Aylmer: Best on the day with the gold producers on the 17 00:00:50,680 --> 00:00:53,680 Sean Aylmer: back of a higher price of the precious metal. Story 18 00:00:53,800 --> 00:00:57,320 Sean Aylmer: number two. Political campaigning took a hiatus for most of 19 00:00:57,360 --> 00:01:00,800 Sean Aylmer: today following the death of Pope Francis. Ahead of tonight's 20 00:01:00,840 --> 00:01:04,360 Sean Aylmer: debate Opposition leader Peter Dutton attended Mass at Saint Mary's 21 00:01:04,360 --> 00:01:08,440 Sean Aylmer: Cathedral in Sydney to pay his respects. Prime Minister Anthony Albanesi, 22 00:01:08,760 --> 00:01:12,720 Sean Aylmer: a Catholic, attended Mass at Saint Patrick's Cathedral in Melbourne. 23 00:01:12,840 --> 00:01:15,960 Sean Aylmer: He said that Governor General Sam Moston is currently traveling 24 00:01:15,959 --> 00:01:19,080 Sean Aylmer: to Turkey for Anzac Day and it's appropriate for her 25 00:01:19,160 --> 00:01:23,360 Sean Aylmer: to attend the funeral of the Pope. Pre polling opened today. Meanwhile, 26 00:01:23,360 --> 00:01:25,600 Sean Aylmer: the latest news poll in The Australian shows that women 27 00:01:25,680 --> 00:01:29,039 Sean Aylmer: voters have deserted the coalition, with Labour making gains in 28 00:01:29,160 --> 00:01:33,360 Sean Aylmer: every mainland state. Story Number three. Unions will challenge the 29 00:01:33,480 --> 00:01:38,520 Sean Aylmer: Workplace Umpire's landmark gender pay decision over concerns it perversely 30 00:01:38,560 --> 00:01:41,559 Sean Aylmer: cuts social workers pay by hundreds of dollars a week. 31 00:01:41,800 --> 00:01:45,240 Sean Aylmer: The Australian Services Union warned that last week's Fair Work 32 00:01:45,240 --> 00:01:48,960 Sean Aylmer: commissioned decision to address the gender undervaluation of tens of 33 00:01:48,960 --> 00:01:54,080 Sean Aylmer: thousands of community and disability support workers would inadvertently send 34 00:01:54,280 --> 00:01:57,960 Sean Aylmer: their members as members of the Australian Services Union, their 35 00:01:58,040 --> 00:02:00,760 Sean Aylmer: members pay backwards by up to twenty piter per The 36 00:02:00,880 --> 00:02:05,400 Sean Aylmer: concern arises from the Commission's proposed new award classification structure, 37 00:02:05,680 --> 00:02:09,760 Sean Aylmer: which the union claims fails to recognize specific workers experience 38 00:02:09,840 --> 00:02:12,760 Sean Aylmer: or skills, and would result in pay cuts of up 39 00:02:12,760 --> 00:02:15,040 Sean Aylmer: to three hundred and fifteen dollars a week, according to 40 00:02:15,120 --> 00:02:18,360 Sean Aylmer: report in the fin Review. The Commission's rulings, which also 41 00:02:18,400 --> 00:02:20,919 Sean Aylmer: proposed pay rises of up to thirty two percent for 42 00:02:21,000 --> 00:02:24,080 Sean Aylmer: child care workers and health professionals, was in response to 43 00:02:24,120 --> 00:02:27,480 Sean Aylmer: the Albanezi government's new gender equity objective for the Fair 44 00:02:27,520 --> 00:02:30,639 Sean Aylmer: Work Act. Story number four plenty of corporate news around 45 00:02:30,639 --> 00:02:33,639 Sean Aylmer: Bellevue Gold fell another six percent today, even though it 46 00:02:33,680 --> 00:02:36,960 Sean Aylmer: said it had closed out hedge contracts that were agreed 47 00:02:37,000 --> 00:02:40,680 Sean Aylmer: at prices well beyond the current price of gold. Now 48 00:02:40,680 --> 00:02:43,080 Sean Aylmer: the group got caught out locking in prices just as 49 00:02:43,200 --> 00:02:46,079 Sean Aylmer: Gold Sword Bellvue share prices down thirty percent in the 50 00:02:46,160 --> 00:02:48,760 Sean Aylmer: last month. Mcquarie is selling out of its North American 51 00:02:48,800 --> 00:02:52,560 Sean Aylmer: and European public asset management business business that oversees two 52 00:02:52,680 --> 00:02:56,359 Sean Aylmer: hundred and eighty five billion dollars in assets Uranium minor 53 00:02:56,400 --> 00:02:59,240 Sean Aylmer: Deep Yellow for eight percent after delaying work on its 54 00:02:59,280 --> 00:03:03,760 Sean Aylmer: flagship Mibian Mine, owing two low uranium prices. Self Wealth 55 00:03:03,840 --> 00:03:06,960 Sean Aylmer: is set to delist from next month after shareholders agreed 56 00:03:06,960 --> 00:03:09,160 Sean Aylmer: to a sixty five million dollar take over bid a 57 00:03:09,240 --> 00:03:12,040 Sean Aylmer: Luka Resources and ASX listed Rare Rexs have applied to 58 00:03:12,040 --> 00:03:15,240 Sean Aylmer: acquire and develop a rare earth project in Kenya and 59 00:03:15,400 --> 00:03:18,920 Sean Aylmer: yen cole Fell after warning of the uncertain outlook for 60 00:03:18,960 --> 00:03:22,800 Sean Aylmer: coal miners owing to global trade tensions and finally, story 61 00:03:22,880 --> 00:03:26,880 Sean Aylmer: number five, Russian President Vladimir Putin has proposed bilateral talks 62 00:03:26,880 --> 00:03:29,360 Sean Aylmer: with Ukraine for the first time since the early days 63 00:03:29,360 --> 00:03:33,440 Sean Aylmer: of the war, and his Ukrainian counterpart, Foldamir Zelenski said 64 00:03:33,560 --> 00:03:36,800 Sean Aylmer: Kiev is eager to discuss a halt to attacks on 65 00:03:36,880 --> 00:03:41,280 Sean Aylmer: civilian targets. While Zelenski didn't respond directly to Putin's proposal, 66 00:03:41,640 --> 00:03:44,680 Sean Aylmer: he emphasized in his nightly video address that Ukraine was 67 00:03:44,840 --> 00:03:48,640 Sean Aylmer: ready for any conversation about a ceasefire that would stop 68 00:03:48,760 --> 00:03:52,520 Sean Aylmer: strikes on civilians. According to Reuter's the two leaders face 69 00:03:52,560 --> 00:03:54,960 Sean Aylmer: pressure from the United States, which has threatened to walk 70 00:03:54,960 --> 00:03:58,400 Sean Aylmer: away from its peace efforts unless some progress is achieved. 71 00:03:58,600 --> 00:04:01,680 Sean Aylmer: Russia and Ukraine have said they are open to further ceasefires. 72 00:04:01,720 --> 00:04:04,640 Sean Aylmer: After a thirty hour easter truce declared by Moscow over 73 00:04:04,640 --> 00:04:07,720 Sean Aylmer: the weekend, each side accused the other of violating it. 74 00:04:08,160 --> 00:04:10,920 Sean Aylmer: That's it the Afternoon Report for Tuesday, the twenty second 75 00:04:10,960 --> 00:04:13,080 Sean Aylmer: of April twenty twenty five. Make sure you hit follow 76 00:04:13,080 --> 00:04:15,320 Sean Aylmer: on the podcast. We'll be back tomorrow morning with the 77 00:04:15,360 --> 00:04:18,279 Sean Aylmer: Wednesday edition of Beer and Green Business News. I'm Sean Elmer. 78 00:04:18,760 --> 00:04:19,520 Sean Aylmer: Enjoy your evening.