1 00:00:03,520 --> 00:00:05,960 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,000 --> 00:00:08,560 Speaker 1: for Wednesday, the thirtieth of July twenty twenty five. I'm 3 00:00:08,560 --> 00:00:11,319 Speaker 1: Sean Aylmer. Every afternoon, we've got the five stories that 4 00:00:11,440 --> 00:00:13,760 Speaker 1: happened today that you need to know about. Story number 5 00:00:13,760 --> 00:00:17,200 Speaker 1: one headline. Inflation for the Dune Haunter printed at zero 6 00:00:17,200 --> 00:00:19,959 Speaker 1: point seven percent according to the Australian Bureau of Statistics, 7 00:00:19,960 --> 00:00:22,480 Speaker 1: two point one percent for the year. The all important 8 00:00:22,480 --> 00:00:25,759 Speaker 1: trimmed mean measure fell to zero point six percent for 9 00:00:25,800 --> 00:00:29,240 Speaker 1: the quarter two point six percent for the year. That 10 00:00:29,360 --> 00:00:32,240 Speaker 1: was enough to spark the local share market with hopes 11 00:00:32,280 --> 00:00:34,200 Speaker 1: that there will be an inter straight cut next month. 12 00:00:34,440 --> 00:00:37,400 Speaker 1: The SMPASX two hundred came up just shy of a 13 00:00:37,479 --> 00:00:41,640 Speaker 1: record close today, up zero point six percent cent to 14 00:00:41,640 --> 00:00:44,360 Speaker 1: finish at eight thousand, seven hundred and fifty six points. 15 00:00:44,600 --> 00:00:47,879 Speaker 1: Gains were led by the interstrate sensitive stocks like property 16 00:00:47,920 --> 00:00:50,560 Speaker 1: and banking. The result pushed the Aussie dollar back under 17 00:00:50,600 --> 00:00:54,000 Speaker 1: sixty five US since the three year bond neil fell 18 00:00:54,080 --> 00:00:57,120 Speaker 1: seven basis points, meaning investors think the localihood of a 19 00:00:57,200 --> 00:01:01,360 Speaker 1: rate cut has risen. Sorry Number two new gambling rules 20 00:01:01,400 --> 00:01:05,200 Speaker 1: and fewer tourists at Star Entertainment's facility in Sydney has 21 00:01:05,200 --> 00:01:09,240 Speaker 1: sent the gaming's group's revenue falling by almost a third 22 00:01:09,319 --> 00:01:12,399 Speaker 1: in just three months. The company is also unlikely to 23 00:01:12,400 --> 00:01:14,959 Speaker 1: reach a final deal with its Hong Kong based business 24 00:01:15,000 --> 00:01:17,960 Speaker 1: partners for the sale of its Queen's Wharf stake before 25 00:01:18,000 --> 00:01:20,399 Speaker 1: the deadline at the end of this week. That could 26 00:01:20,440 --> 00:01:22,360 Speaker 1: cost the group up to thirty six and a half 27 00:01:22,480 --> 00:01:25,800 Speaker 1: million dollars. As of June thirty, Star had just two 28 00:01:25,880 --> 00:01:28,360 Speaker 1: hundred and thirty four million dollars in cash, so that's 29 00:01:28,360 --> 00:01:30,040 Speaker 1: a lot of money. In a statement that the Star 30 00:01:30,120 --> 00:01:32,200 Speaker 1: said and I quite the result of the period reflects 31 00:01:32,240 --> 00:01:36,120 Speaker 1: continued softness in operating performance due to the ongoing challenging 32 00:01:36,160 --> 00:01:39,040 Speaker 1: operating environment. The group's ability to continue as a going 33 00:01:39,120 --> 00:01:43,080 Speaker 1: concern remains dependent on several key matters. Story number three 34 00:01:43,240 --> 00:01:47,000 Speaker 1: Appan says fuller year revenue is tracking towards the low 35 00:01:47,080 --> 00:01:49,880 Speaker 1: end of its guidance as ongoing uncertainty in the US 36 00:01:50,040 --> 00:01:53,480 Speaker 1: artificial intelligence market continues to weigh on performance. Its share 37 00:01:53,480 --> 00:01:55,560 Speaker 1: price fell thirteen percent today, one of the worst of 38 00:01:55,560 --> 00:01:58,160 Speaker 1: the top two hundred i gofl seven percent, after the 39 00:01:58,160 --> 00:02:02,040 Speaker 1: minor set operational issues had continued to impact its lithium 40 00:02:02,120 --> 00:02:06,760 Speaker 1: hydroxide refinery production. Drone Sheeld posted record revenue for the 41 00:02:06,800 --> 00:02:09,440 Speaker 1: June quarter, up four hundred and eighty percent, driven by 42 00:02:09,440 --> 00:02:13,680 Speaker 1: strong global demand for counter drone systems. Road operator Atlasitteria 43 00:02:14,000 --> 00:02:16,840 Speaker 1: has reported an eleven percent increase in proportionate toll revenue 44 00:02:16,840 --> 00:02:19,320 Speaker 1: for the June quarter. Mineral Resources met its full year 45 00:02:19,320 --> 00:02:23,440 Speaker 1: production volume and cost guidance, while Pilbra Minerals, also another 46 00:02:23,480 --> 00:02:28,079 Speaker 1: lithium company, forecast higher production and lower costs this financial 47 00:02:28,160 --> 00:02:31,560 Speaker 1: year as it looks to unlock value from recent plant expansions. 48 00:02:31,960 --> 00:02:34,440 Speaker 1: Story number four. President Donald Trump said he fell out 49 00:02:34,440 --> 00:02:38,240 Speaker 1: with Jeffrey Epstein because he convicted sex offender had poached 50 00:02:38,360 --> 00:02:41,960 Speaker 1: staff from his club's spa, including Virginia du Frey, the 51 00:02:42,000 --> 00:02:45,119 Speaker 1: woman at the center of an underage sex scandal involving 52 00:02:45,240 --> 00:02:48,239 Speaker 1: Prince Andrew. The White House has said previously that Trump 53 00:02:48,280 --> 00:02:51,920 Speaker 1: threw Epstein out of Mary Lago two decades ago for 54 00:02:52,000 --> 00:02:54,720 Speaker 1: being a creep. That's what they said, and US media 55 00:02:54,760 --> 00:02:57,959 Speaker 1: has reported they became estranged over a Florida real estate deal. 56 00:02:58,040 --> 00:03:00,200 Speaker 1: Speaking to reporters and Air Force one while flying home 57 00:03:00,240 --> 00:03:03,799 Speaker 1: to Scotland, Trump was more expensive saying people were taken 58 00:03:03,880 --> 00:03:07,200 Speaker 1: out of the SPA, the marri Lago SPA hired by him, 59 00:03:07,360 --> 00:03:09,120 Speaker 1: in other words, gone. When I heard about it, I 60 00:03:09,160 --> 00:03:11,680 Speaker 1: told him, I said, listen, we don't want you taking 61 00:03:11,720 --> 00:03:13,840 Speaker 1: our people. And then not too long after that, he 62 00:03:13,880 --> 00:03:16,080 Speaker 1: did it again and I said, out of here. That's all. 63 00:03:16,080 --> 00:03:19,720 Speaker 1: According to AFP and story number five, multiple countries in 64 00:03:19,760 --> 00:03:22,880 Speaker 1: the Pacific have issued a tsunami warning or alert this 65 00:03:22,960 --> 00:03:27,919 Speaker 1: afternoon after an eight point seven magnitude earthquake struck Russia, 66 00:03:28,320 --> 00:03:32,760 Speaker 1: now Japan, Hawaii, parts of Alaska, the California Mexico border region, Philippines, 67 00:03:32,760 --> 00:03:35,880 Speaker 1: specific islands all on high alert. It's gone as far 68 00:03:35,920 --> 00:03:40,240 Speaker 1: as Chile, Peru, Indonesia, Ecuador, Mexico, Panama, and Taiwan. They've 69 00:03:40,280 --> 00:03:43,600 Speaker 1: also issued alerts. We all hope things work out okay 70 00:03:43,640 --> 00:03:45,600 Speaker 1: in the next few hours. There that's it for the 71 00:03:45,640 --> 00:03:48,400 Speaker 1: afternoon report for Wednesday, the thirtieth of July twenty twenty five. 72 00:03:48,440 --> 00:03:50,080 Speaker 1: Make sure you follow on the podcast. We will be 73 00:03:50,080 --> 00:03:52,040 Speaker 1: back tomorrow morning with the first edition of Fear and 74 00:03:52,080 --> 00:03:54,680 Speaker 1: Green Business News. I'm Seanelma. Enjoy your evening.