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

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Speaker 1: for Wednesday, the thirtieth of July twenty twenty five. I'm

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Speaker 1: Sean Aylmer. Every afternoon, we've got the five stories that

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

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Speaker 1: one headline. Inflation for the Dune quarter printed at zero

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Speaker 1: point seven percent according to the Australian Bureau of Statistics

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Speaker 1: two point one percent for the year. The all important

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Speaker 1: trimmed mean measure fell to zero point six percent for

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Speaker 1: the quarter and two point six percent for the year.

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Speaker 1: That was enough to spark the local share market with

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Speaker 1: hopes that there will be an inter straight cut next month.

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Speaker 1: The SMPASX two hundred came up just shy of a record,

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Speaker 1: closed today up zero point six percent cent to finish

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Speaker 1: at eighty seven hundred and fifty six points. Gains were

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Speaker 1: led by the interstrate sensitive stocks like property and banking.

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Speaker 1: The result pushed the Aussie dollar back under sixty five

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Speaker 1: US since the three year bond NEIL fell seven basis points,

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Speaker 1: meaning investors think the loclihood of a rate cut has risen.

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Speaker 1: Sorry Number two two strict new gambling rules and fewer

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Speaker 1: tourists at Star Entertainment's facility in Sydney has sent the

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Speaker 1: gaming's group's revenue falling by almost a third in just

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Speaker 1: three months. The company is also unlikely to reach a

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Speaker 1: final deal with its Hong Kong based business partners for

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Speaker 1: the sale of its Queen's Wharf stake before the deadline

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Speaker 1: at the end of this week. That could cost the

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Speaker 1: group up to thirty six and a half million dollars.

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Speaker 1: As of June thirty, Star had just two hundred and

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Speaker 1: thirty four million dollars in cash, so that's a lot

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Speaker 1: of money. In a statement that Star said, and I

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Speaker 1: quite the result for the period reflects continued softness in

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Speaker 1: operating performance due to the ongoing challenging operating environment. The

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Speaker 1: group's ability to continue as a going concern remains dependent

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Speaker 1: on several key matters. Story number three Appan says fuller

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Speaker 1: year revenue is tracking towards the low end of its

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Speaker 1: guidance as ongoing uncertainty in the US artificial intelligence market

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Speaker 1: continues to weigh on performance. Its share price fell thirteen

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Speaker 1: percent today, one of the worst of the top two

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Speaker 1: hundred i gofl seven percent. After the minor set operational issue.

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Speaker 1: HUES had continued to impact its lithium hydroxide refinery production.

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Speaker 1: Drone Sheeld posted record revenue for the June quarter, up

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Speaker 1: four hundred and eighty percent, driven by strong global demand

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Speaker 1: for counter drone systems. Road operator Atlasitteria has reported an

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Speaker 1: eleven percent increase in proportionate toll revenue for the June quarter.

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Speaker 1: Mineral Resources med its full year production volume and cost guidance,

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Speaker 1: while Pilbra Minerals, also another lithium company, forecast higher production

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Speaker 1: and lower costs this financial year as it looks to

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Speaker 1: unlock value from recent plant expansions. Story number four. President

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Speaker 1: Donald Trump said he fell out with Jeffrey Epstein because

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Speaker 1: he convicted sex offender had poached staff from his club's spa,

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Speaker 1: including Virginia Dufrey, the woman at the center of an

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Speaker 1: underage sex scandal involving Prince Andrew. The White House has

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Speaker 1: said previously that Trump threw Epstein out of marri Lago

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Speaker 1: two decades ago for being a creep. That's what they said,

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Speaker 1: and US media has reported they became estranged over a

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Speaker 1: Florida real estate deal. Speaking to reporters and Air Force

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Speaker 1: one while flying home to Scotland, Trump was more expensive,

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Speaker 1: saying people were taken out of the spa, the marri

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Speaker 1: Lago SPA hired by him, in other words, gone. When

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Speaker 1: I heard about it, I told him, I said, listen,

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Speaker 1: we don't want you taking out people. And then not

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Speaker 1: too long after that, he did it again and I said,

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Speaker 1: out of here. That's all. According to AFP and story

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Speaker 1: number five, multiple countries in the Pacific have issued a

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Speaker 1: tsunami warning or alert this afternoon after an eight point

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Speaker 1: seven magnitude earthquake struck Russia, now Japan, Hawaii, parts of Alaska,

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Speaker 1: the California Mexico border region, Philippines, Pacific Islands all on

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Speaker 1: high alert. It's gone as far as Chile, Peru, Indonesia, Ecuador, Mexico, Panama,

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Speaker 1: and Taiwan. They've also issued alerts. We all hope things

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Speaker 1: work out okay in the next few hours. There. That's

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Speaker 1: it for the afternoon Report for Wednesday, the thirtieth of

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Speaker 1: July twenty twenty five. Make sure you hit follow on

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Speaker 1: the podcast. We will be back tomorrow morning with the

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Speaker 1: Thursday edition. For the past five business us by Fear

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Speaker 1: and Greed. I'm Sean aelma enjoy reading