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

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Speaker 1: for Monday, the twenty first of July twenty twenty five.

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Speaker 1: I'm suan Aylmer. 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: number one, there's in PASX two hundred closed down more

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Speaker 1: than one percent today to eight thousand, six hundred and

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Speaker 1: sixty eight points, the worst days training since April. The

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Speaker 1: big miners did well on the back of rising iron

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Speaker 1: ore prices, but otherwise it was pretty bleak. The big

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Speaker 1: banks were down two and a half to three and

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Speaker 1: a half percent. Sigma Healthcare QB and Promedicus were also

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Speaker 1: sold off. It followed a poor weekend on Wall Street

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Speaker 1: and what investors like to call profit taking, taking some

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Speaker 1: of the money off the table. The energy companies in

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Speaker 1: Weis tech Global were among the best performers. Story number two.

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Speaker 1: Core support for the Coalition has collapsed to the lowest

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Speaker 1: point in forty years following Labour's convincing election victory ahead

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Speaker 1: of tomorrow's evening in the forty eighth Commonwealth Parliament news

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Speaker 1: poll conducted for The Australian, which is the first test

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Speaker 1: to test the electoral mood since the May three election

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Speaker 1: shows that the primary vote support for both major parties

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Speaker 1: has fallen to an historical low of sixty five percent

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Speaker 1: when preference flows are factored in. Labour has extended its

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Speaker 1: two party preferred lead was fifty five point two to

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Speaker 1: forty four point eight at the election. It's now fifty

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Speaker 1: seven to forty three percent. Support for the Coalition has

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Speaker 1: suffered a further decline since it recorded its lowest ever

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Speaker 1: primary vote of thirty thirty one point eight percent in

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Speaker 1: the election. It's now down at just twenty nine percent.

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Speaker 1: Story number three Employment Hero has accused one of its investors,

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Speaker 1: Seek of anti competitive conduct after the ASX listed recruitment

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Speaker 1: giant cut off the billion dollar human resources startup's access

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Speaker 1: to its hiring platform. In filings with the Federal Court,

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Speaker 1: Employment Hero is attempting to stop Seek from terminating its

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Speaker 1: access to a tool that allows developers to connect to

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Speaker 1: their platform and automate parts of the recruitment process. According

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Speaker 1: to the fin Review, Employment Hero makes human resources, payer

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Speaker 1: and employee engagement software for small and medium sized businesses.

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Speaker 1: Seek owns shares in Employment Hero through its venture capital

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Speaker 1: arm known as the Seek Growth Fund. According to the

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Speaker 1: finn Employment Hero has used the seek API as the

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Speaker 1: connection tools known to link it to the country's dominant

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Speaker 1: online recruitment platform, seek Toll. Employment Hero in June that

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Speaker 1: it would terminate its access to the API, which Employment

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Speaker 1: Hero claims is a breach of competition laws. A lot

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Speaker 1: in that, but it's going to make for a very

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Speaker 1: interesting next board meeting. Sorry number four in corporate news,

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Speaker 1: block share price up to eleven percent today, mirroring a

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Speaker 1: similar rise on Wall Street AFT over the weekend after

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Speaker 1: it joined the S and P five hundred index. South

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Speaker 1: thirty two reported a strong June quarter, ending the twenty

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Speaker 1: twenty five fiscal year with one hundred and two percent

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Speaker 1: of its group wide production guidance achieved, helped by rising

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Speaker 1: output across key commodities. Its share price was up four percent.

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Speaker 1: Regius Resources has struck a deal to acquire a Great

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Speaker 1: Southern mining gold prospect of pay about nine million dollars.

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Speaker 1: Its share price finished down four percent, and Insignia Financial

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Speaker 1: fell after telling investors it remains in talks with three

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Speaker 1: point four billion dollar bitter CC Capital, but in Signia

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Speaker 1: stress there's no certainty that discussions will lead to a

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Speaker 1: formal offer, it fell six percent, the worst of the

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Speaker 1: top two hundred today finally straight number five, JP Morgan

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Speaker 1: Chasing Co. Has become far and away the biggest bank

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Speaker 1: in the US. It's now worth more than the value

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Speaker 1: of the next three banks combined. We reckon com Bank's

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Speaker 1: done well well. JP Morgan's pretty much in that category.

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Speaker 1: It's now got a market cap of US eight hundred

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Speaker 1: billion dollars. In the last six months, JP Morgan made

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Speaker 1: thirty billion US dollars in profit. Its value is now

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Speaker 1: more than the combined value of Bank of America's City

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Speaker 1: Group in Wells Fargo. It's also widened its lead over

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Speaker 1: Golden Sacks and Morgan Stanley in investment banking revenue. That's

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Speaker 1: if the afternoon report for Monday, the twenty first 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'll be back tomorrow morning with a Tuesday edition.

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Speaker 1: I Fear and Greed Business Years. I'm Sean aelma Enjoy

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Speaker 1: revening