1 00:00:03,680 --> 00:00:07,040 Speaker 1: Welcome to the Fearing Greed Business News Afternoon Report for Monday, 2 00:00:07,040 --> 00:00:09,800 Speaker 1: the fourteenth of April twenty twenty five. I'm Sean Almer. 3 00:00:10,119 --> 00:00:12,760 Speaker 1: Every afternoon, we've got the five stories that happened today 4 00:00:12,800 --> 00:00:14,560 Speaker 1: that you need to know about. Story number one. It 5 00:00:14,600 --> 00:00:16,720 Speaker 1: was a very good day in the share market, with 6 00:00:16,760 --> 00:00:18,760 Speaker 1: the S and PA six two one hundred jumping one 7 00:00:18,760 --> 00:00:21,840 Speaker 1: point three percent to finish at seven thousand, seven hundred 8 00:00:21,840 --> 00:00:24,159 Speaker 1: and forty nine points. Tech stocks led the way on 9 00:00:24,200 --> 00:00:26,479 Speaker 1: the back of a strong weekend for Wall Street. The 10 00:00:26,520 --> 00:00:31,040 Speaker 1: big miners did well, as did healthcare and property stocks. BHP, Fortes, Q, Medals, 11 00:00:31,040 --> 00:00:34,080 Speaker 1: and Rio all outperformed, while CSL and Goodman Group both 12 00:00:34,159 --> 00:00:37,839 Speaker 1: jumped more than two percent. The major banks did well Maine, Z, Commonwealth, 13 00:00:37,840 --> 00:00:40,120 Speaker 1: and Westpac all were up around one and a half percent. 14 00:00:40,479 --> 00:00:43,800 Speaker 1: Among the tech stocks, Promedicus jumped five percent, whilst wise 15 00:00:43,880 --> 00:00:46,839 Speaker 1: Tech was up more than three percent. The lagguards included 16 00:00:46,920 --> 00:00:50,680 Speaker 1: mcquarie Group, Tulstra, and Woolies, which all ended the day lower. 17 00:00:51,080 --> 00:00:53,840 Speaker 1: Storry number two New and Pharmaceuticals share price jumped to 18 00:00:53,880 --> 00:00:56,800 Speaker 1: twenty one percent today after the US Food and Drug 19 00:00:56,840 --> 00:01:01,200 Speaker 1: Administration signed off on implementing a phase three clinical trial. 20 00:01:01,600 --> 00:01:04,760 Speaker 1: The FDA approved the phase three trials of n n 21 00:01:04,959 --> 00:01:08,840 Speaker 1: Z two five nine one, a drug newerin hopes will 22 00:01:08,880 --> 00:01:12,880 Speaker 1: treat children with feelin McDermot syndrome, a re genetic disorder 23 00:01:13,000 --> 00:01:16,600 Speaker 1: that can result in medical, intellectual, and behavioral challenges. There's 24 00:01:16,640 --> 00:01:21,000 Speaker 1: no cure and treatment tends to address symptoms, maximizing people's 25 00:01:21,080 --> 00:01:24,080 Speaker 1: ability to function. Now. The neurin drug is the first 26 00:01:24,160 --> 00:01:29,440 Speaker 1: ever Phase three trial for feelin' McDermot syndrome. Storing number three. 27 00:01:29,520 --> 00:01:31,559 Speaker 1: It's tough being an investor in the big iron more 28 00:01:31,640 --> 00:01:33,840 Speaker 1: ore minds at the moment not standing a pretty good 29 00:01:33,920 --> 00:01:37,639 Speaker 1: day today. It seems share prices EBB and flow after 30 00:01:37,720 --> 00:01:42,399 Speaker 1: each utterance from Washington or Beijing. Today, the price of 31 00:01:42,440 --> 00:01:45,360 Speaker 1: iron ore rows, reversing a sharp slide which also helped 32 00:01:45,360 --> 00:01:48,200 Speaker 1: BHP FORESKW Metals Group in Real Tinto the price of 33 00:01:48,240 --> 00:01:50,840 Speaker 1: iron oil is down about ten percent year today. The 34 00:01:50,840 --> 00:01:53,960 Speaker 1: big miners have fallen alongside it. BHP is the most 35 00:01:53,960 --> 00:01:57,000 Speaker 1: diversified of the three. Its share prices dropped eight percent 36 00:01:57,040 --> 00:01:59,520 Speaker 1: this year twenty percent of the past twelve months. For 37 00:01:59,720 --> 00:02:02,200 Speaker 1: Qui Metals Group is heavily tied to iron or Its 38 00:02:02,200 --> 00:02:05,720 Speaker 1: share prices off sixteen percent this year forty percent over 39 00:02:05,720 --> 00:02:08,160 Speaker 1: the past twelve months. In Rio Tinto, which is in 40 00:02:08,200 --> 00:02:10,680 Speaker 1: the middle of a debate over relocating its full listing 41 00:02:10,720 --> 00:02:14,480 Speaker 1: to the ASX, something that's probably unlikely to happen, it's 42 00:02:14,520 --> 00:02:17,000 Speaker 1: done best, though it's still down six percent year to 43 00:02:17,080 --> 00:02:20,440 Speaker 1: date and thirteen percent over the last year. The falls, 44 00:02:20,440 --> 00:02:21,960 Speaker 1: of course, were on the back of fears about a 45 00:02:22,000 --> 00:02:25,160 Speaker 1: slow down in China flowing from tariffs imposed by the US. 46 00:02:25,560 --> 00:02:30,280 Speaker 1: Story Number four Bluescope Steels specialist team advising the administrators 47 00:02:30,320 --> 00:02:33,280 Speaker 1: of the Wala Steel Works say the plant needs about 48 00:02:33,280 --> 00:02:35,320 Speaker 1: one hundred and eighty million dollars to be spent on 49 00:02:35,400 --> 00:02:39,960 Speaker 1: repairs and maintenance for operations to continue. The analysis represents 50 00:02:40,000 --> 00:02:43,359 Speaker 1: a significant blow to quadamentthha's plans to sell the steel works, 51 00:02:43,639 --> 00:02:46,280 Speaker 1: which it has run since February, when the South Australian 52 00:02:46,280 --> 00:02:50,200 Speaker 1: government sees control from British industrial san Jeeb Gupta. According 53 00:02:50,200 --> 00:02:53,320 Speaker 1: to the fin Review, blue Scope is the country's largest 54 00:02:53,360 --> 00:02:55,720 Speaker 1: steel making company and runs the Port Kemler plant in 55 00:02:55,760 --> 00:02:58,040 Speaker 1: New South Wales. It's been acting as a technical advisor. 56 00:02:58,320 --> 00:03:01,280 Speaker 1: The Bluescope advisory experts have compiled a list of about 57 00:03:01,280 --> 00:03:03,880 Speaker 1: two hundred items that need repairs and maintenance, with the 58 00:03:03,960 --> 00:03:07,760 Speaker 1: combined cost estimated at one hundred and eighty million dollars 59 00:03:07,800 --> 00:03:10,520 Speaker 1: at the plan, which has been staffed of capital investment 60 00:03:10,600 --> 00:03:13,720 Speaker 1: after seven years of ownership by Gupta and his GfG 61 00:03:13,840 --> 00:03:17,440 Speaker 1: Alliance business. And finally, story number five, China's government says 62 00:03:17,440 --> 00:03:21,240 Speaker 1: the US's decision to exempt certain consumer electronics from so 63 00:03:21,320 --> 00:03:25,120 Speaker 1: called reciprocal tariffs is a small step towards rectifying its 64 00:03:25,120 --> 00:03:28,440 Speaker 1: wrongdoings and urged Washington to do more to evoke the levies. 65 00:03:28,919 --> 00:03:32,800 Speaker 1: US President Donald Trump's administration excluded smartphones, computers, and other 66 00:03:32,880 --> 00:03:36,320 Speaker 1: electronics from the increased import duties over the weekend. Now, 67 00:03:36,320 --> 00:03:39,120 Speaker 1: the Chinese Ministry of Commerce posted on its official we 68 00:03:39,320 --> 00:03:42,680 Speaker 1: Chat account, I quote this is a small step by 69 00:03:42,720 --> 00:03:49,440 Speaker 1: the US toward correcting its wrongful action of unilateral reciprocal tariffs. Subsequently, 70 00:03:49,880 --> 00:03:53,839 Speaker 1: Donald Trump, well, he responded, no surprise surprises there. He said, 71 00:03:53,880 --> 00:03:57,520 Speaker 1: the no tariff decision is temporary and in the President's 72 00:03:57,600 --> 00:04:02,640 Speaker 1: words on truth social I quote nobody capital letters, nobody 73 00:04:03,040 --> 00:04:05,080 Speaker 1: is getting off the hook. He went on to say, 74 00:04:05,080 --> 00:04:08,360 Speaker 1: the products are just moving to a different tariff bucket 75 00:04:08,720 --> 00:04:11,400 Speaker 1: and the administration will be taking a look at semiconductors 76 00:04:11,520 --> 00:04:14,400 Speaker 1: and the whole electronics supply chain. That's it for the 77 00:04:14,440 --> 00:04:17,360 Speaker 1: afternoon report for Monday, the fourteenth of April twenty twenty five. 78 00:04:17,400 --> 00:04:19,560 Speaker 1: Make sure you hit follow on the podcast. We will 79 00:04:19,600 --> 00:04:21,760 Speaker 1: be back tomorrow morning with the Tuesday edition of Fear 80 00:04:21,800 --> 00:04:24,599 Speaker 1: and Green Business News. I'm Sean Elmer. Enjoy your evening.