1 00:00:03,200 --> 00:00:05,840 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:05,880 --> 00:00:08,440 Speaker 1: for Tuesday, the twenty fifth of March twenty twenty five. 3 00:00:08,520 --> 00:00:11,760 Speaker 1: I'm suan Alma. Every afternoon, We've got the five stories 4 00:00:11,760 --> 00:00:13,520 Speaker 1: that happened today that you need to know about. Story 5 00:00:13,640 --> 00:00:16,599 Speaker 1: number one. The SMPASX two hundred closed up just a 6 00:00:16,720 --> 00:00:19,880 Speaker 1: touch to seven nine hundred and forty three points. Tech 7 00:00:19,880 --> 00:00:23,239 Speaker 1: stocks and healthcare companies were among the best performers, while 8 00:00:23,280 --> 00:00:26,520 Speaker 1: the banks were mixed. James Hardy's finished down another five percent. 9 00:00:26,600 --> 00:00:29,960 Speaker 1: That's after the fifteen percent drop yesterday. Investors are punishing 10 00:00:29,960 --> 00:00:32,880 Speaker 1: the stock on fears that it's fourteen billion dollar bid 11 00:00:33,240 --> 00:00:37,519 Speaker 1: for US building materials company Aaseec is too high and 12 00:00:37,560 --> 00:00:40,800 Speaker 1: the MPOLE forecast thirty five million dollars worth of repair 13 00:00:40,880 --> 00:00:45,480 Speaker 1: costs from damage inflicted by ex tropical cyclone Alfred. Story 14 00:00:45,560 --> 00:00:49,040 Speaker 1: number two. Prime Minister Anthony Albernizi says tonight's budget will 15 00:00:49,040 --> 00:00:52,640 Speaker 1: deliver new cost of living relief to every Australian in 16 00:00:52,720 --> 00:00:56,000 Speaker 1: every part of the country. During question time today, he 17 00:00:56,200 --> 00:01:00,440 Speaker 1: spooked the power bill, rebate schools funding health policies and 18 00:01:00,520 --> 00:01:03,639 Speaker 1: accuse the Opposition leader Peter Dunne of planning to cut Medicare. 19 00:01:03,960 --> 00:01:06,840 Speaker 1: The budget will be released at seven thirty pm tonight. 20 00:01:07,240 --> 00:01:10,240 Speaker 1: We'll have plenty on it tomorrow morning. Story number three. 21 00:01:10,319 --> 00:01:13,479 Speaker 1: Whether or not the Trump administration classifies the ten percent 22 00:01:13,800 --> 00:01:16,520 Speaker 1: goods and services tax here in Australia as a trade 23 00:01:16,520 --> 00:01:20,600 Speaker 1: barrier will be decisive in whether we win an exemption 24 00:01:20,840 --> 00:01:24,800 Speaker 1: from reciprocal tariffs. Next week, US President Donald Trump says 25 00:01:24,840 --> 00:01:28,640 Speaker 1: his tariff rollout will focus on so called reciprocal duties, 26 00:01:28,880 --> 00:01:32,680 Speaker 1: whereby countries are hit with individually tailored taxes that reflect 27 00:01:32,720 --> 00:01:35,920 Speaker 1: the tariffs and other trade barriers placed on American products. 28 00:01:36,160 --> 00:01:39,040 Speaker 1: While the President said that his nation was ripped off 29 00:01:39,120 --> 00:01:42,560 Speaker 1: by every country, he did signal some trading partners will 30 00:01:42,600 --> 00:01:46,679 Speaker 1: receive exemptions and reductions. Trump flagged that tariffs on industries 31 00:01:46,720 --> 00:01:50,280 Speaker 1: such as automobiles and pharmaceuticals would come at a later date, 32 00:01:50,520 --> 00:01:52,960 Speaker 1: potentially putting the one point six billion dollars of annual 33 00:01:52,960 --> 00:01:56,720 Speaker 1: pharmaceutical exports from Australia to the US by companies like 34 00:01:56,760 --> 00:01:59,960 Speaker 1: CSL in the firing line at some point over the 35 00:02:00,160 --> 00:02:03,720 Speaker 1: next month. According to the finn Review. Story number four, 36 00:02:03,840 --> 00:02:07,880 Speaker 1: top US officials, including the Vice President and Defense Secretary, 37 00:02:08,320 --> 00:02:13,080 Speaker 1: accidentally shared classified details about last week's military stykes on 38 00:02:13,240 --> 00:02:17,280 Speaker 1: Yemen with a journalist in an unofficial messaging group. It's 39 00:02:17,280 --> 00:02:21,000 Speaker 1: a pretty starting breach of security that triggered uproar in Washington. JD. 40 00:02:21,200 --> 00:02:24,160 Speaker 1: Vans the Vice President Peter hegsith They were among the 41 00:02:24,200 --> 00:02:27,920 Speaker 1: members of a signal chat group that discussed operational details 42 00:02:28,040 --> 00:02:31,400 Speaker 1: of the most significant military action taken by President Donald 43 00:02:31,440 --> 00:02:34,680 Speaker 1: Trump since he returned to the White House. The messages 44 00:02:34,720 --> 00:02:38,400 Speaker 1: also blasted European allies for free loading off the US. 45 00:02:38,680 --> 00:02:41,560 Speaker 1: The breach came after Jeffrey Goldberg, and in chief of 46 00:02:41,600 --> 00:02:45,079 Speaker 1: The Atlantic magazine, was added to the chat by National 47 00:02:45,120 --> 00:02:48,520 Speaker 1: Security Advisor Mike Watz ahead of last week's attacks. And 48 00:02:48,560 --> 00:02:52,520 Speaker 1: account of the messages, which expressed disdain for European allies 49 00:02:52,520 --> 00:02:55,320 Speaker 1: and suggested asking him to pay for the operation, was 50 00:02:55,320 --> 00:02:58,760 Speaker 1: published on Monday Now. According to Goldberg, Vance suggested the 51 00:02:58,800 --> 00:03:02,040 Speaker 1: threat from the Hooties was more of a European issue, 52 00:03:02,240 --> 00:03:04,880 Speaker 1: as only a small fraction of US trade ran through 53 00:03:04,880 --> 00:03:07,880 Speaker 1: this sewers canal. He expressed concerns that the US attack 54 00:03:07,919 --> 00:03:11,079 Speaker 1: was a mistake that risked a spike in oil prices 55 00:03:11,120 --> 00:03:13,640 Speaker 1: while baling Europe out. A number of members of the 56 00:03:13,639 --> 00:03:16,440 Speaker 1: group suggested Europe could be asked to compensate the US 57 00:03:16,480 --> 00:03:18,959 Speaker 1: for the strikes. End of the day, what was a 58 00:03:19,040 --> 00:03:22,600 Speaker 1: journalist doing in the group at all? Story number five. 59 00:03:22,800 --> 00:03:25,000 Speaker 1: There's a bit going on in global markets, with Wall 60 00:03:25,000 --> 00:03:27,720 Speaker 1: Street rising overnight on the back of hopes that Donald 61 00:03:27,760 --> 00:03:30,960 Speaker 1: Trump's tariffs won't be as ferocious as first fears. That 62 00:03:31,080 --> 00:03:34,400 Speaker 1: helped tech stocks, including eving maker Tesla, which jumped twelve percent. 63 00:03:34,760 --> 00:03:37,040 Speaker 1: Iron Or also roast to retake one hundred and two 64 00:03:37,120 --> 00:03:40,200 Speaker 1: US dollars a ton, while copper pushed above ten thousand 65 00:03:40,280 --> 00:03:42,800 Speaker 1: US dollars a ton, that's close to an all time high. 66 00:03:43,080 --> 00:03:45,840 Speaker 1: Bitcoins back up to eighty six five hundred dollars a unit, 67 00:03:45,880 --> 00:03:48,280 Speaker 1: but the Aussie dollar, well, it's spying under sixty three 68 00:03:48,440 --> 00:03:51,160 Speaker 1: US cents as if the afternoon report for Tuesday, the 69 00:03:51,200 --> 00:03:53,120 Speaker 1: twenty fifth of March twenty twenty five. Make sure you 70 00:03:53,200 --> 00:03:55,360 Speaker 1: hit follow on the podcast. We will be back tomorrow 71 00:03:55,440 --> 00:03:57,680 Speaker 1: morning with the Wednesday edition of the Fast five Business 72 00:03:57,800 --> 00:04:01,240 Speaker 1: Years by Fear and Greed. I'm Suanelle. Enjoy your evening.