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

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Speaker 1: for Friday, the and NH of July twenty twenty five.

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

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

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Speaker 1: story number one, the local share marker closed up almost

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Speaker 1: one and a half percent today to a new high

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Speaker 1: of eighty seven hundred and fifty seven points, having peaked

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Speaker 1: at an all time high of eight seven hundred and

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Speaker 1: seventy six point four points. Healthcare stocks jumped, as did

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Speaker 1: the big miners and tech companies. CSL led the way,

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Speaker 1: rising three point six percent, taking its weekly gain to

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Speaker 1: seven percent, while BHP was up three percent. We're on

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Speaker 1: that shortly. Among the large caps, other good performers included

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Speaker 1: all the big four banks, Woodside, Aristocrat, Leisure, Rio, Tinto,

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Speaker 1: and Woolies. For the week, the BOSS was up just

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Speaker 1: over two percent, driven by hopes of lower interest rates

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Speaker 1: in Australia and new highs on Wall Street. Story number two.

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Speaker 1: BHP today reported record copper and iron ore production for

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Speaker 1: the year to June thirty. Despite were the disruptions and

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Speaker 1: ongoing global economic uncertainty, the company delivered an eight percent,

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Speaker 1: increasing copper output to two million tons across the group,

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Speaker 1: driven by a sixteen percent lift at Chile Chile's Escondida

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Speaker 1: and a strong quarterly performance from copper. South Australia iron

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Speaker 1: ore output also reached a new high, with West Australian

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Speaker 1: iron ore producing two hundred and ninety million tons overcoming

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Speaker 1: cyclone disruptions earlier in the year. BHP said that global

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Speaker 1: commodity demand has remained resilient, with copper and steel supported

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Speaker 1: by renewables, grid upgrades and electric vehicle growth. BHP share price,

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Speaker 1: as I mentioned, closed up three percent. Sorry Number three

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Speaker 1: treasure Jim Chalmers says US President Donald Trump's tariffs have

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Speaker 1: created some blunt conversations among participants at the G twenty meeting,

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Speaker 1: including Japan, South Africa, Canada and Indonesia. Charmers said the

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Speaker 1: global economy is entering a period of more or less

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Speaker 1: permanent uncertainty after four large economic shocks in two decades.

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Speaker 1: He said. Fine Nance ministers at the G twenty meeting

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Speaker 1: in South Africa broadly agreed that the best way to

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Speaker 1: deal with his permanent uncertainty is more engagement, more collaboration,

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Speaker 1: more secure supply chains, more reliable markets and also more

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Speaker 1: ambition in our own economic policies. Sorry. Number four streaming

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Speaker 1: group Netflix has reported better than expected second quarter results

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Speaker 1: and up to its forecast for four years sales and

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Speaker 1: profit margins. The second quarter is historically slow for Netflix,

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Speaker 1: according to Bloomberg, but the company released a steady slate

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Speaker 1: of popular shows, including two of the most watched titles

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Speaker 1: of the year, the third season of Ginny and Georgia

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Speaker 1: and the final season of Squid Game. The company also

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Speaker 1: been benefited from a week US dollar. More than two

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Speaker 1: thirds of its customers live outside the US. Shares of

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Speaker 1: Netflix have nearly doubled over the past year, and the

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Speaker 1: company's market value tops five hundred billion US dollars. That

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Speaker 1: means Netflix is worth more than Walt Disney, Comcast, and

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Speaker 1: Warner Brothers Discovery combined. The second half schedule includes new

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Speaker 1: seasons of the hit show Things, also a new season

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Speaker 1: of Wednesday, as well as movies such as Happy, Gilmore,

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Speaker 1: tim and Finally Story Number five. Donald Trump is preparing

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Speaker 1: to open the nine trillion US dollar US retirement market

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Speaker 1: to cryptocurrency investments, gold, and private equity, in a move

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Speaker 1: that could radically shift the way American savings are managed.

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Speaker 1: Trump is expected to sign an executive order shortly that

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Speaker 1: would open up four oh one K plans to alternative

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Speaker 1: investments beyond traditional stocks and bonds. According to the Financial Times,

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Speaker 1: in the US, four oh one K plans are among

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Speaker 1: the most popular ways to save for retirement, allowing people

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Speaker 1: to invest a portion of their salaries in publicly traded

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Speaker 1: securities tax free, but currently virtually all such investments are

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Speaker 1: housed in public stocks and bond mutual funds, not in cryptos.

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Speaker 1: That's if the afternoon report for Friday, the eighteenth of

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Speaker 1: July twenty twenty five, make sure you hit follow on

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Speaker 1: the podcast. We will be back to oorrow morning with

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Speaker 1: the weekend edition of the Fast five Business News five

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Speaker 1: Here and Green. I'm Sean Almer. Enjoy your evening,