1 00:00:03,720 --> 00:00:06,440 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,440 --> 00:00:09,040 Speaker 1: for Tuesday, the fifteenth of April twenty twenty five. I'm 3 00:00:09,080 --> 00:00:12,040 Speaker 1: Sean Aylmer. Every afternoon, We've got the five stories that 4 00:00:12,119 --> 00:00:14,239 Speaker 1: happened today that you need to know about. Story number 5 00:00:14,280 --> 00:00:17,440 Speaker 1: one was almost a normal day on the share market today. 6 00:00:17,560 --> 00:00:20,360 Speaker 1: A lack of tweets from Donald Trump helped things along. 7 00:00:20,680 --> 00:00:23,080 Speaker 1: He wasn't totally quiet. He did say he's looking at 8 00:00:23,160 --> 00:00:26,960 Speaker 1: temporary exemptions to his tariffs on imported vehicles to allow 9 00:00:27,080 --> 00:00:30,720 Speaker 1: US manufacturers time to set up facilities. The SMPA SX 10 00:00:30,720 --> 00:00:34,280 Speaker 1: two hundred closed up zero point two percent today to 11 00:00:34,320 --> 00:00:37,960 Speaker 1: seven seven hundred and sixty two points. Healthcare stocks did best, 12 00:00:37,960 --> 00:00:42,800 Speaker 1: while consumer staples, technology, and property companies underperformed. Sesel led 13 00:00:42,840 --> 00:00:45,840 Speaker 1: the way, rising two point three percent, while QBE Insurance 14 00:00:46,040 --> 00:00:48,879 Speaker 1: rose nearly two percent. The big banks were higher, as 15 00:00:48,920 --> 00:00:52,440 Speaker 1: were the big miners, Aristocrat, Leisure, Woollies, and Ria. They 16 00:00:52,440 --> 00:00:56,440 Speaker 1: are all lower. Story number two. Housing has taken center 17 00:00:56,520 --> 00:01:00,120 Speaker 1: stage in the election campaign, with both leaders campaigning on 18 00:00:59,880 --> 00:01:03,840 Speaker 1: the issue today. Economists are in broad agreement that both 19 00:01:03,880 --> 00:01:06,800 Speaker 1: a five percent deposit for first home buyers, as the 20 00:01:06,840 --> 00:01:10,800 Speaker 1: government's proposing and tax deductibility of mortgage payments for first 21 00:01:10,800 --> 00:01:14,240 Speaker 1: home buyers. As a coalition is recommending we'll both push 22 00:01:14,319 --> 00:01:17,880 Speaker 1: up the price of homes. Opposition leader Peter Dunton said 23 00:01:18,319 --> 00:01:21,800 Speaker 1: his party is not shying away from nuclear power. Prime 24 00:01:21,800 --> 00:01:24,800 Speaker 1: Minister Anthony ALBII and Easy Today was pushing Labour's healthcare 25 00:01:24,840 --> 00:01:28,839 Speaker 1: credentials and admitted on May four, the day after the election, 26 00:01:28,959 --> 00:01:32,200 Speaker 1: when all those he'll be watching Star Wars. If you're 27 00:01:32,240 --> 00:01:35,400 Speaker 1: not sure, why may the fourth be with you? Story 28 00:01:35,440 --> 00:01:38,520 Speaker 1: number three in corporate news. Perpetual fell two percent today 29 00:01:38,560 --> 00:01:41,280 Speaker 1: after it said net outflows during the last quarter increased 30 00:01:41,360 --> 00:01:44,800 Speaker 1: to nearly nine billion dollars and Bellevue Goals share price 31 00:01:44,840 --> 00:01:47,520 Speaker 1: tumble twenty one percent, the worst of the top two hundred, 32 00:01:47,760 --> 00:01:50,320 Speaker 1: after it found buyers for a one hundred and fifty 33 00:01:50,360 --> 00:01:53,600 Speaker 1: seven million dollar placement intended to fund the closure of 34 00:01:53,640 --> 00:01:57,040 Speaker 1: hedge contracts. The stock has been suspended for three weeks. 35 00:01:57,080 --> 00:01:59,520 Speaker 1: First day of trading today not a good one. Story 36 00:01:59,640 --> 00:02:01,800 Speaker 1: number four or there's a bit going on in global markets. 37 00:02:01,800 --> 00:02:05,080 Speaker 1: The price of oil is up slightly but still trading 38 00:02:05,120 --> 00:02:07,600 Speaker 1: around multi year lows. It means petrol prices at the 39 00:02:07,600 --> 00:02:10,359 Speaker 1: moment are pretty good in the one dollar sixty five 40 00:02:10,520 --> 00:02:13,680 Speaker 1: letter range. Iron ore prices had been falling, but in 41 00:02:13,680 --> 00:02:16,760 Speaker 1: the past couple of sessions they've risen to be trading 42 00:02:16,880 --> 00:02:19,080 Speaker 1: around ninety eight US soll's a ton the Aussie dollar. 43 00:02:19,160 --> 00:02:21,440 Speaker 1: It's doing well, trading around sixty four US ands and 44 00:02:21,480 --> 00:02:25,320 Speaker 1: cryptos remember them, Bitcoin's trading around eighty six thousand US 45 00:02:25,320 --> 00:02:28,560 Speaker 1: dollars a unit. For the past six weeks, Bitcoin has 46 00:02:28,600 --> 00:02:31,239 Speaker 1: been in that eighty thousand to eighty five thousand US 47 00:02:31,240 --> 00:02:34,760 Speaker 1: dollar range. And finally, story number five, Sales at the 48 00:02:34,760 --> 00:02:39,440 Speaker 1: world's biggest luxury brand, LVMH fell more than expected during 49 00:02:39,560 --> 00:02:42,880 Speaker 1: the March quarter, highlighting the tough time luxury goods companies 50 00:02:42,919 --> 00:02:47,560 Speaker 1: are having organic Sales in LVMH's Fashion and leather goods division, 51 00:02:47,560 --> 00:02:51,239 Speaker 1: which includes Louis Vuitton and Kristen Dure, fell five percent 52 00:02:51,720 --> 00:02:54,400 Speaker 1: to ten billion euros in the first three months of 53 00:02:54,400 --> 00:02:57,680 Speaker 1: the year. Analysts had actually expected a small increase. Paris 54 00:02:57,720 --> 00:03:00,640 Speaker 1: listed at LVMH as the first of the major houses 55 00:03:00,639 --> 00:03:04,160 Speaker 1: to report March quarter results. The two biggest luxury markets 56 00:03:04,160 --> 00:03:06,600 Speaker 1: of the US and China, there are real concerns that 57 00:03:06,639 --> 00:03:10,200 Speaker 1: the trade war will decimate the industry. Sales in Asia 58 00:03:10,280 --> 00:03:13,800 Speaker 1: from LVMH excluding Japan were down eleven percent. In the 59 00:03:13,880 --> 00:03:16,440 Speaker 1: US are off three percent, and that's ahead of the tariffs. 60 00:03:16,680 --> 00:03:19,880 Speaker 1: Luxury goods bias can often absorb the impact of higher 61 00:03:19,919 --> 00:03:22,800 Speaker 1: prices better than other sectors of the market, though analyst 62 00:03:22,840 --> 00:03:26,400 Speaker 1: fear the current increases are too high to handle. That's 63 00:03:26,400 --> 00:03:28,679 Speaker 1: it for the afternoon report for Tuesday, the fifteenth of 64 00:03:28,720 --> 00:03:30,800 Speaker 1: April twenty twenty five. Make sure you hit follow on 65 00:03:30,840 --> 00:03:33,919 Speaker 1: the podcast. We'll be back tomorrow morning with the Wednesday Mission. 66 00:03:33,960 --> 00:03:37,000 Speaker 1: If your and Greed business news, I'm sure Alma enjoy 67 00:03:37,000 --> 00:03:37,520 Speaker 1: your evening