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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 fourth of July twenty twenty five.

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

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

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Speaker 1: at number one. The SMPASEX two hundred closed down zero

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Speaker 1: point three percent today to eighty seven hundred and nine points.

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Speaker 1: A lower price of gold pushed down the gold stocks,

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Speaker 1: while the Industrial's index was the worst performer on the burse.

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Speaker 1: Brambles and computer share, both part of that index, fell sharply.

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Speaker 1: The banks and miners were mixed, while the retailers were

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Speaker 1: generally lower. Healthcare stocks were higher, led by CSL, which

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Speaker 1: is up fifteen percent over the past four weeks. Others

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Speaker 1: to do well today include Clarity Pharmaceutical, Neurine Pharmaceutical, and

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Speaker 1: Meso Blast. Story number two Fordescu share price that rose

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Speaker 1: today after it shipped a record volume of iron ore

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Speaker 1: in the year to June four cast stronger growth in

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Speaker 1: the next twelve months, although there are more problems for

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Speaker 1: the miners green energy ambitions. Fortescue share price is up

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Speaker 1: thirty percent over the past month, out doing BHP and

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Speaker 1: Rio tinto. Now. Most of that is on the back

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Speaker 1: of renewed confidence around iron ore. The minor expects iron

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Speaker 1: ore export volumes to rise three percent over the next year.

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Speaker 1: Higher volumes means lower unit costs, so it's a virtuous circle.

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Speaker 1: The group also flagged a two hundred and twenty seven

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Speaker 1: million dollar in pairman on two failed energy projects, providing

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Speaker 1: another knock to its clean energy goals. The Arizona Hydrogen

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Speaker 1: and Gladston Electrolyzer projects won't go ahead and the assets

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Speaker 1: will be repurposed their word Story number three, day three

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Speaker 1: of the new parliament, and Minister for Employment and Workplace

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Speaker 1: Relations Amanda Rishworth introduced a bill to protect penalty rates.

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Speaker 1: She said, if you rely on the modern awards, safety

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Speaker 1: net and work weekends, public holidays, early mornings, late nights,

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Speaker 1: you deserve to have your wages protected. The Coalition accused

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Speaker 1: the Government of trying to rush through the legislation on

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Speaker 1: penalty rates without proper consultation with small businesses Otherwise. In

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Speaker 1: question time, the rg Barji revolved around the US beef

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Speaker 1: biosecurity restrictions. Overnight, we heard that Australia will allow US

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Speaker 1: beef to be exported into this country. There was also

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Speaker 1: debate over potential changes to taxation of superbalances above three

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Speaker 1: million dollars straight um before. In corporate news, pexa's share

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Speaker 1: price jump to seventeen percent after the digital Settlement platform

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Speaker 1: entered a formal commitment with nat West that will see

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Speaker 1: the UK lender deliver remortgages, sale and purchase transactions on

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Speaker 1: pexas platform, very big news for that company. Linus rare

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Speaker 1: earths jumped after signing a memorandum of understanding with Korean

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Speaker 1: permanent magnet manufacturer at Jaslink for a potential manufacturing and

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Speaker 1: supply partnership. It also said in a statement that it

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Speaker 1: sold its minerals for the highest price achieved in the

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Speaker 1: past three years and believes the price will go even

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Speaker 1: higher given the Trump administration's interest in critical minerals and

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Speaker 1: Northern Star Resources has axed its forward head DJing Polse

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Speaker 1: to try and take advantage of the sewing goal price,

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Speaker 1: but acknowledges that troubles that it's super pitmind and cal Gurley,

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Speaker 1: We'll keep a lid on production. Finally, story number five,

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Speaker 1: Wall Street is training at another record high after earnings

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Speaker 1: from a couple of the big tech stocks Alphabet, owner

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Speaker 1: of Google, beat expectations and said it's lifting its twenty

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Speaker 1: twenty five capital expenditure budget by about ten billion newest

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Speaker 1: dollars amid surging demand for its cloud products and services.

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Speaker 1: In after hours Training, its share price surged. That was

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Speaker 1: the good news. The news for Tesla wasn't so good.

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Speaker 1: The ev maker confirmed sales and revenue tumbled last quarter,

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Speaker 1: sending its share price lower in After Hours Training. The

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Speaker 1: manufacturer also said it has begun initial production of a

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Speaker 1: cheaper electric vehicle model, but boss Inon Musk warned of

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Speaker 1: a potential rough stretch ahead. That's it for the afternoon

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Speaker 1: report for Thursday, the twenty fourth of July twenty twenty five.

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Speaker 1: Make sure you hit follow on the podcast. We will

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Speaker 1: be back tomorrow morning with a Friday edition of the

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Speaker 1: Fast five Business News. By Fearing Brief, I'm sure I

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Speaker 1: will not enjoy reading