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

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Speaker 1: for Tuesday, the nineteenth of August twenty twenty five.

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Speaker 2: Are Michael Thompson.

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Speaker 1: Every afternoon, We've got the five stories that happened today

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Speaker 1: that you need to know about.

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Speaker 2: Story number one.

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Speaker 1: The S and PASX two hundred closed down zero point

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Speaker 1: seven percent today to eight hundred and ninety six points,

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Speaker 1: ending the share market's recent run of records.

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Speaker 2: Headlining the losses, though, was healthcare giants CSL. It fell

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Speaker 2: a whopping sixteen point nine percent today, its largest ever fall,

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Speaker 2: driven by revenue that came in below expectations and concerns

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Speaker 2: over the company's outlook. The company announced plans to slash

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Speaker 2: three thousand jobs. Oil and gas giant Woodside fell two

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Speaker 2: point eight percent after a twenty four percent drop in

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Speaker 2: first half profit, while fellow energy company Santos closed two

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Speaker 2: point six percent lower, though that was tied to news

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Speaker 2: that it's unlikely to reach a deal to be sold

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Speaker 2: to the Abu Dhabi National Oil Company before its deadline.

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Speaker 2: At the other end of the market, the banks were

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Speaker 2: all higher. BHP closed hired despite a twenty six percent

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Speaker 2: drop in earnings and job sites. Seek was up eight percent,

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Speaker 2: one of the best on the course after beating expectations

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Speaker 2: with its full year results. Story number two. The Prime

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Speaker 2: Minister has rejected claims that he was targeting Reserve Bank

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Speaker 2: Governor Michelle Bullock with a rather pointed comment at the

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Speaker 2: opening of the Roundtable on Economic Reform today. In his

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Speaker 2: opening remarks in canber Prime Minister Anthony Aberanezi said the

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Speaker 2: Federal government was proud the jobless rate was a low

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Speaker 2: four point two percent, that real wages were rising again

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Speaker 2: and interest rates were falling. The PM said there are

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Speaker 2: some economists, perhaps some in this room, who thought that

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Speaker 2: you couldn't get inflation down without getting unemployment up. Well,

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Speaker 2: that's not my government's way. My government has focused on

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Speaker 2: looking after people on the economic journey. The Australian reports

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Speaker 2: that the Prime Minister's office has rejected the assertion that

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Speaker 2: his comments were directed at Bullock, who was just three

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Speaker 2: seats away from the Prime Minister at the time and

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Speaker 2: didn't look particularly impressed. Story number three. Hundreds of thousands

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Speaker 2: of Australians with I net accounts have been caught up

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Speaker 2: in a major cyber breach at TPG Telecom. Hackers accessed

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Speaker 2: the telcos systems on Saturday, stealing two hundred and eighty

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Speaker 2: thousand active email addresses and twenty thousand landline numbers, street addresses, usernames,

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Speaker 2: mode and passwords. They were also stolen, though no banking

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Speaker 2: or ID documents were involved. The Financial Review reports that

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Speaker 2: TPG's investigating whether information about how to access its systems

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Speaker 2: used by a former employee had found its way onto

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Speaker 2: the dark web, perhaps through malware that had been installed

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Speaker 2: on the employee's personal mobile phone. It's thought that the

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Speaker 2: third party then obtained access credentials and used them to

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Speaker 2: get into a system used by its Australian and overseas

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Speaker 2: call centers to connect and disconnect broadband plans and fixed

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Speaker 2: line phone services. A lot of work going into determining

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Speaker 2: the cause of this story. Number four Foreign Minister Penny

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Speaker 2: Wong has called Israel's decision to cancel visas for Australian

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Speaker 2: representatives unjustified. Israel escalated tensions with Australia, revoking visas for

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Speaker 2: Australian officials to the Palestinian authority, warning that future applications

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Speaker 2: will face stricter scrutiny. It appears to be almost a

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Speaker 2: tit for tat move after Canbra blocked an Israeli politician

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Speaker 2: from visiting here, citing concerns that he would spread hate

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Speaker 2: and division. Opposition Finance spokesman James Patterson has described Australia's

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Speaker 2: relationship with Israel as the worst it has ever been. Meanwhile,

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Speaker 2: Hamas has accepted a proposal for a Gaza ceasefire, including

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Speaker 2: a sixty day halt to fighting and the phased release

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Speaker 2: of half of the roughly twenty remaining Israeli hostages. The

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Speaker 2: talks were mediated by Egypt and Katar, and finally, story

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Speaker 2: number five, a meeting between US President Donald Trump and

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Speaker 2: Ukrainian President Vladimir Zelenski in the Oval Office, has ended

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Speaker 2: with Zelenski agreeing to meet Russian leader Ladamir Putin to

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Speaker 2: hopefully discuss ending the war in Ukraine. Also attending the

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Speaker 2: talks in Washington, where the leaders of Britain, France, Germany, Italy, Finland,

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Speaker 2: the European Commission, and NATO. The focus was on security guarantees.

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Speaker 2: Trump floated NATO like protection for Ukraine led by Europe,

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Speaker 2: but with US backing, and he didn't rule out American troops.

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Speaker 2: But divisions do remain over whether a ceasefire is part

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Speaker 2: of the process, with Trump pushing instead to bypass that

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Speaker 2: and go straight for a full peace deal. He says,

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Speaker 2: though that we will know within one maybe two weeks

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Speaker 2: if peace is possible. That's it for the afternoon Report

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Speaker 2: for Tuesday, the nineteenth of August twenty twenty five. Make

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Speaker 2: sure you hit.

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Speaker 1: Follow on the podcast and we'll be back tomorrow morning

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Speaker 1: with the Wednesday edition of the Fast five Business News

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Speaker 1: by Fear and Greed.

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Speaker 2: I'm Michael Thompson.

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Speaker 1: Enjoy here, Eve