1 00:00:04,120 --> 00:00:06,760 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,760 --> 00:00:09,160 Speaker 1: for Monday, the twenty sixth of May twenty twenty five. 3 00:00:09,200 --> 00:00:11,680 Speaker 1: I'm sure in Alma every afternoon we've got the five 4 00:00:11,720 --> 00:00:13,840 Speaker 1: stories that happened today that you need to know about 5 00:00:13,840 --> 00:00:16,360 Speaker 1: story and I'm one. US President Donald Trump's back down 6 00:00:16,800 --> 00:00:19,919 Speaker 1: on fifty percent tariffs on the European Union for now 7 00:00:20,400 --> 00:00:23,560 Speaker 1: helped the local market today. Donald Trump said he'd delay 8 00:00:23,640 --> 00:00:26,080 Speaker 1: the deadline for the imposition of the tariffs from next 9 00:00:26,120 --> 00:00:29,440 Speaker 1: week to July nine. By the closed SMPA six two 10 00:00:29,520 --> 00:00:33,040 Speaker 1: hundred was flat at eighty three hundred and sixty one points. 11 00:00:33,360 --> 00:00:36,440 Speaker 1: The big movers were the uranium stocks after Trump's pushed 12 00:00:36,479 --> 00:00:39,720 Speaker 1: to loosen regulations around nuclear power in the US. Deep 13 00:00:39,800 --> 00:00:43,000 Speaker 1: Yellow jumped fourteen percent, Paladin Energy was up nine percent, 14 00:00:43,040 --> 00:00:45,960 Speaker 1: Boss Energy raise eight percent. Why Set Global share price 15 00:00:46,000 --> 00:00:49,240 Speaker 1: jump five percent after confirming it had bought US based 16 00:00:49,320 --> 00:00:52,760 Speaker 1: E two Open to three point three billion dollars. Overall, 17 00:00:52,880 --> 00:00:55,960 Speaker 1: tech stocks did best and utility's worst. Among large caps, 18 00:00:56,000 --> 00:00:59,560 Speaker 1: and zed Woodside and Rio Tinto were underperformed. Northern Star 19 00:00:59,560 --> 00:01:02,960 Speaker 1: was the best story. Number two Australia's biggest car dealership 20 00:01:03,080 --> 00:01:06,040 Speaker 1: or eagers Automotive has done a deal to be the 21 00:01:06,080 --> 00:01:10,679 Speaker 1: main retailer in Australia for Chinese made BYD electric vehicles. 22 00:01:11,160 --> 00:01:15,720 Speaker 1: BYD sells more evs in Australia than Tesla or any 23 00:01:15,720 --> 00:01:18,319 Speaker 1: other company for that matter. It's double sales in the 24 00:01:18,319 --> 00:01:21,800 Speaker 1: past year and it's now the number ten ranked manufacturer 25 00:01:22,160 --> 00:01:25,960 Speaker 1: of any vehicle type. Eagers said the new retail agreement 26 00:01:25,959 --> 00:01:29,200 Speaker 1: with BYD would begin in July. It also said that 27 00:01:29,319 --> 00:01:32,640 Speaker 1: other authorized dealers outside the eigers network may be appointed 28 00:01:32,680 --> 00:01:35,920 Speaker 1: by BYD in the future. Eagers share prices up nearly 29 00:01:35,959 --> 00:01:39,720 Speaker 1: fifty percent this year. Story number three. The final result 30 00:01:39,880 --> 00:01:43,240 Speaker 1: of the federal election poll, which we held more than 31 00:01:43,240 --> 00:01:47,040 Speaker 1: three weeks ago, hasn't been announced, with counting continuing in 32 00:01:47,160 --> 00:01:51,920 Speaker 1: New South Wales Bradfield and in Victoria's Goldstein, the Australian 33 00:01:51,920 --> 00:01:55,720 Speaker 1: Electric Commission has ordered a partial recount in the Victorian 34 00:01:55,800 --> 00:01:59,000 Speaker 1: seat of Goldstein after a full preference count showed the 35 00:01:59,080 --> 00:02:01,400 Speaker 1: Liberal parties to Heare Wilson won the seat from Teal 36 00:02:01,480 --> 00:02:05,000 Speaker 1: Independent Zoe Daniel by two hundred and sixty votes. The 37 00:02:05,160 --> 00:02:08,440 Speaker 1: AEC said the distribution of final preferences over the weekend 38 00:02:08,480 --> 00:02:13,079 Speaker 1: highlighted and I quote some discrepancies in the fresh scrutiny 39 00:02:13,080 --> 00:02:16,480 Speaker 1: for Goldstein, so they're going to have another look. Bradfield's 40 00:02:16,560 --> 00:02:20,679 Speaker 1: even closer. The final count put Liberal candidate Giselle Capterian 41 00:02:21,760 --> 00:02:25,800 Speaker 1: just eight votes ahead of Teal Nicolette Bowel. An automatic 42 00:02:25,880 --> 00:02:29,520 Speaker 1: recount is likely to take about another fortnight. Sorry Numberfore, 43 00:02:29,560 --> 00:02:31,280 Speaker 1: the Aussie dollar head of six months high today of 44 00:02:31,360 --> 00:02:34,080 Speaker 1: sixty five point twenty five US cents following a drop 45 00:02:34,080 --> 00:02:36,519 Speaker 1: in the value of the USD. Gold was up five 46 00:02:36,520 --> 00:02:39,200 Speaker 1: percent last week, but today's skipped back to be trading 47 00:02:39,240 --> 00:02:42,320 Speaker 1: around thirty three fifty US dollars an ounce. Brent kruds 48 00:02:42,360 --> 00:02:45,280 Speaker 1: Worth just under sixty five US a barrel, while Bitcoin 49 00:02:45,680 --> 00:02:48,000 Speaker 1: is training almost at one hundred and ten thousand US 50 00:02:48,040 --> 00:02:50,760 Speaker 1: dollars a unit. And finally, story number five, President Donald 51 00:02:50,760 --> 00:02:54,799 Speaker 1: Trump said he is absolutely considering new sanctions against Russia 52 00:02:55,240 --> 00:02:57,720 Speaker 1: after Moscow launched a second night of deadly missile and 53 00:02:57,800 --> 00:03:01,120 Speaker 1: drones strikes across much of Ukraine. Donald Trump is clearly 54 00:03:01,160 --> 00:03:04,320 Speaker 1: frustrated with Russian President Vladimir Putin in the state of 55 00:03:04,440 --> 00:03:07,760 Speaker 1: talks meant to deliver a cease far in Ukraine. Trump said, 56 00:03:07,800 --> 00:03:10,600 Speaker 1: and I quote, I'm not happy with what Pertin is doing. 57 00:03:10,639 --> 00:03:12,400 Speaker 1: He's killing a lot of people, and I don't know 58 00:03:12,440 --> 00:03:15,160 Speaker 1: what the hell happened to Putin. I've known him a 59 00:03:15,200 --> 00:03:17,840 Speaker 1: long time, always gotten along with him. But he's sending 60 00:03:17,919 --> 00:03:20,480 Speaker 1: rockets into cities and killing people, and I don't like 61 00:03:20,560 --> 00:03:24,240 Speaker 1: it at all. End quote. Later on the Truth social 62 00:03:24,280 --> 00:03:29,200 Speaker 1: media post, he said that Putin had gone absolutely crazy 63 00:03:29,720 --> 00:03:33,040 Speaker 1: capital cra zed wy. There you go. That's it for 64 00:03:33,040 --> 00:03:35,240 Speaker 1: the Afternoon Report for Monday, the twenty sixth of May 65 00:03:35,280 --> 00:03:37,600 Speaker 1: twenty twenty five. Make sure you hit follow on the podcast. 66 00:03:37,880 --> 00:03:39,920 Speaker 1: We will be back tomorrow morning with a Tuesday edition 67 00:03:39,960 --> 00:03:42,040 Speaker 1: of the past five business news I fe you agreed. 68 00:03:42,120 --> 00:03:43,920 Speaker 1: I'm John Elma. Enjoy your evening.