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

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Speaker 1: for Monday, the twenty fourth of March twenty twenty five.

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

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

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Speaker 1: Number one, the local market closed flat today after tumbling

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Speaker 1: early and then making up ground all day. All things

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Speaker 1: considered pre budget tariff confusion a big deal, it was

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Speaker 1: a pretty good day. Now. That big deal was James

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Speaker 1: Hardy's fourteen billion dollar bid for a US building materials

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Speaker 1: group Azek. Now investors weren't thrilled about it. James Hardy's

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Speaker 1: share price dropped fifteen percent today. By the close, the

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Speaker 1: market finished at seven nine hundred and thirty nine points.

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Speaker 1: The consumer, discretionary stocks and financials all did pretty well,

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Speaker 1: but pretty much every other sector did poorly. National Australian

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Speaker 1: Bank and Westpac We're both up around two percent. Commonwealth

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Speaker 1: Bank finished up nearly one and a half percent. West Farmer's,

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Speaker 1: Aristocrat Leisure and Forest QW Metals Group also did well.

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Speaker 1: On the other side of the coin, Woolly's Coal, Sign, Healthcare, Transurban,

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Speaker 1: Weistech Global, they all did fairly poorly. Story number two

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Speaker 1: mortgage ensurer Healey's share price tumbled twenty six percent today

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Speaker 1: after warning investors its current contract with Commonwealth Bank may

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Speaker 1: not run beyond December thirty one, as the banking giant

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Speaker 1: commences negotiations with an alternate mortgage insurer. It would be

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Speaker 1: a massive contract for Helia to lose, given the Commonwealth

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Speaker 1: Bank is the country's largest home lender and supplies about

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Speaker 1: fifty three percent of Helia's business. In essence, it's a

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Speaker 1: case of the company relying way too much on just

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Speaker 1: one provider. Story number three Mineral Resources share price jumped

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Speaker 1: to seven percent today after reopening its Onsel Iron Hall Road.

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Speaker 1: It was closed after a sixth truck crash on the

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Speaker 1: roadway last week. Now this is the road that takes

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Speaker 1: triple load trucks of iron or incredible vehicles. Problem is

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Speaker 1: they keep crashing. In its last results, MinRes said that

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Speaker 1: it would spend tens of millions of dollars upgrading the track,

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Speaker 1: which goes to its three billion dollar on Zlow project.

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Speaker 1: Minrest's share price is down sixty five percent in the

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Speaker 1: last year. Story number four sin that Milk's making money again,

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Speaker 1: reporting a profit for the past six months. But investors

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Speaker 1: are unimpressed, pushing its share price down twelve percent. The

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Speaker 1: New Zealand dairy processor has searched this year. Even after

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Speaker 1: today's slump, its share price is more than doubled. Very

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Speaker 1: interesting company services about two hundred and twenty milk supplies

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Speaker 1: dairy farmers basically in New Zealand. Acting chief executive Tim

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Speaker 1: Carter said the result was delivered through a focus on

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Speaker 1: getting the fundamentals of our operational performance right, seizing opportunities

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Speaker 1: to deliver for customers, and continued cost control. Maybe at

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Speaker 1: least they're making money, but investors weren't real happy. And

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Speaker 1: story number five. New Canadian Prime Minister Mark Carney has

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Speaker 1: called a snap election for April twenty eight, saying he

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Speaker 1: needs a strong mandate to deal with the threat posed

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Speaker 1: by US President Donald Trump, who wants to break us

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Speaker 1: up so America can own us. Although the next election

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Speaker 1: isn't due until October twenty, Karney is hoping to capitalize

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Speaker 1: on a remarkable recovery by his Liberal party in the

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Speaker 1: polls since January, when Trump again threatening Canada and former

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Speaker 1: Prime Minister Justin Trudeau announced his resignation upon being sworn

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Speaker 1: in as Prime Minister. On March fourteen, Carney said he

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Speaker 1: could work with and respected Donald Trump. On Sunday, he

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Speaker 1: took a more combative approach. According to AP and I quote,

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Speaker 1: we are facing the most significant crisis of our lifetimes

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Speaker 1: because of President Trump's unjustified trade actions and his threats

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Speaker 1: to our sovereignty. Our response must be to build a

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Speaker 1: strong economy in a more secure Canada. President Trump claims

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Speaker 1: that Canada isn't a real country. He wants to break

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Speaker 1: us up. He wants to break us so America can

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Speaker 1: own us. We will not let that happen. That's it

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Speaker 1: for the afternoon report for Monday, the twenty fourth of

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Speaker 1: March twenty twenty five. Make sure you hit follow on

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

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Speaker 1: Tuesday edition of the past five business news by Fear

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Speaker 1: and Greed. I'm schanelma Enjoy your evening