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

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Speaker 1: for Thursday, the twenty fourth of April twenty twenty five.

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

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

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Speaker 1: and one. The SMPA six two hundred held onto its

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Speaker 1: gains of yesterday to close up another zero point six

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Speaker 1: percent two seven nine hundred and sixty eight points. The

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Speaker 1: uranium stocks Palette and Energy Deep Yellow Boss Energy were

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Speaker 1: among the best performers, while the energy companies were among

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Speaker 1: the worst. Woodside fell two percent. For example. Among the

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Speaker 1: sub in disease, healthcare and material stocks did best. Among

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Speaker 1: the individual large caps, Westpac Ain's, ed, mcquarie Group and

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Speaker 1: round Tinto We're all up around one percent, while wise

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Speaker 1: Tech Global jumped three percent. For the three trading days

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Speaker 1: this week, the Boss is up more than two percent,

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Speaker 1: about two point two percent, the best weekly gain of

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Speaker 1: the year. Story number two. Opposition leader Peter Dunton has

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Speaker 1: considered he will repeal Labour's electric vehicle tax break if elected.

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Speaker 1: Labor introduced an exemption from fringe at benefits tax when

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Speaker 1: a person buys an ee be worth less than ninety

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Speaker 1: one thousand dollars through an ovated lease, which is where

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Speaker 1: an employer makes payments through pre tax salary deductions. Now,

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Speaker 1: the FBT exemption, which the Coalition voted against in Parliament,

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Speaker 1: can save a vehicle's owner tens of thousands dollars over

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Speaker 1: several years, been far more popular than Treasury forecast, and

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Speaker 1: mister Dutton says that he actually will drop that break

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Speaker 1: if elected. Meanwhile, the Albanezi government says it will use

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Speaker 1: a critical minerals reserve as leverage with the Trump administration

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Speaker 1: over tariffs, as the mining industry warns that establishing the

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Speaker 1: stockpole could push down commodity prices. Otherwise, in politics, the

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Speaker 1: leaders of the party's criss crossed the country today from

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Speaker 1: Tasmania and Peter Dutton's case to Western Australia and Anthony

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Speaker 1: Albernezi's case as they frantically fight to pick up votes.

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Speaker 1: Exit polls from early voting outlets suggest to swing towards

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Speaker 1: the government, though there's a long way to go. Story

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Speaker 1: Number three. Sleep device maker RESMD says it has received

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Speaker 1: an exemption from Donald Trump's trade tariff, sending its share

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Speaker 1: price up eight percent. Means it's exports from manufacturing hubs

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Speaker 1: in Australia and Singapore will dodge the trade war. Chief

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Speaker 1: executive Mick Farrell conceded that nothing was certain under the

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Speaker 1: current US administration and the company's doubling its US manufacturing

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Speaker 1: footprint with a new plant in California. It's also outlined

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Speaker 1: a slightly disappointing earnings result, but overall it seems like

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Speaker 1: positive news for res meed story number four. In other

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Speaker 1: corporate news around the Place today, PWR Holding shares fell

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Speaker 1: after the company notified investors its founder Keys Wheel was

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Speaker 1: taking temporary medical leave to seek treatment. Generation Development tumbled

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Speaker 1: despite reporting a rise in assets under management across all

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Speaker 1: investment divisions in its first quarter as an ASX two

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Speaker 1: hundred listed company. Linhan Resources was higher after reporting an

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Speaker 1: increase in revenues, and gold miner Neumont, which owns a

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Speaker 1: former ASX listed New Crest, says gold production was down

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Speaker 1: nineteen percent in March quarter due to planned outages in

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Speaker 1: North American minds. Finally, story number five is a good

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Speaker 1: Night on Wallstream. US equity surged on the back of

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Speaker 1: reports from The Wall Street Journal and Reuters that the

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Speaker 1: Trump administration will look at luring tariffs on imported Chinese goods,

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Speaker 1: pending talks with Beijing. A senior White House official said

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Speaker 1: the levies were likely to come down to between fifty

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Speaker 1: and sixty five percent. There's also a bunch of positive

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Speaker 1: earnings results out, with the broad based SMP five hundred

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Speaker 1: touching a two week high. The tech heavy Nasdaq rows

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Speaker 1: two and a half percent, including a six percent jump

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Speaker 1: in Tesla's share price, following chief executive On Musk's pledge

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Speaker 1: to dedicate more time to the car maker. One stock together.

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Speaker 1: The other way was Microsoft. While first quarter sales were

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Speaker 1: up at Touch and profit its seated expectations, fears about

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Speaker 1: tariff's and US government costs cuts hit the stock. That's

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Speaker 1: it for the afternoon report for Thursday, the twenty fourth

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Speaker 1: of April twenty twenty five. Make sure you hit follow

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Speaker 1: on the podcast. We'll be back tomorrow morning with the

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Speaker 1: Friday Anzac Day Vision of Beer and read business news.

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Speaker 1: I'm Suan Alma, I'm Joey. Your evening