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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 ninth of April twenty twenty five. I'm sure, Alma,

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Speaker 1: every afternoon we've got the five stories that happen today

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Speaker 1: that you need to know about. Story number one, there

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Speaker 1: was no relief in financial markets today, with the SMPASX

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Speaker 1: two hundred finishing it down at nearly two percent to

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Speaker 1: seven three hundred and seventy five points. It was all

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Speaker 1: about the commodities companies today, with another fifty percent tariff

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Speaker 1: on China from the US, taking the new rate to

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Speaker 1: one hundred and four percent, triggering fears of a slowdown

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Speaker 1: in demand for Australian products. BHP four to squ Metals,

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Speaker 1: Rio Tinto, Woodside, Santos all closed down in that four

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Speaker 1: to five percent region. Pharmaceutical Lead CSL also tumbled. It

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Speaker 1: was down five percent on fears of new tariffs on drugs.

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Speaker 1: Commwell Fank was among the best performers of the top

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Speaker 1: two hundred. It actually rose, it was up zero point

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Speaker 1: seven percent. Story number two. A catastrophic mid air helicopter

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Speaker 1: crash in January twenty twenty three was preventable if a

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Speaker 1: litany of technical and safety issues had been rectified before

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Speaker 1: four people were killed and nine injured. Two SeaWorld helicopters

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Speaker 1: collided above the Gold Coast Broadwater and today the Australian

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Speaker 1: Transport Safety Bureau handed down its final report into the crash.

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Speaker 1: Now according to The Sydney Morning Herald, the report found

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Speaker 1: an inbound taxiing call from one of the helicopters failed

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Speaker 1: to register to the second chopper boarding people on the helipad.

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Speaker 1: The first helicopter waited for a taxi corps from the

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Speaker 1: second helicopter to separate to avoid a mid air collision,

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Speaker 1: but it never came. The report said. The departing pilot

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Speaker 1: made the taxi call, but it was not broadcast due

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Speaker 1: to a fault in the antenna that had existed for

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Speaker 1: days that allowed it to receive calls but not deliver them.

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Speaker 1: The report found limitations and visibility from both helicopters. The

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Speaker 1: failed radio transmissions and competing priorities when looking at boats

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Speaker 1: and other aircraft led to the tragic mid air crash.

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Speaker 1: Story number three. With all the turmoil going on in

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Speaker 1: global markets, where's the best place to invest? Well? The

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Speaker 1: US remains number one, according to Australian Supers chief investment

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Speaker 1: officer Mark Delaney, the US continues to look like the

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Speaker 1: most attractive investment region on a long term basis. He

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Speaker 1: says more than half of Izi's Super's international exposure is

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Speaker 1: in America. Angeliney says he hasn't produced this in recent weeks.

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Speaker 1: According to an interview with Financial Times, I quote the

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Speaker 1: US has a lot positive going for it. Strong economic

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Speaker 1: performance though it's given a bit back, strong productivity growth,

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Speaker 1: strong profit growth, and by any measure, many of the

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Speaker 1: best companies in the world. All that makes it an

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Speaker 1: attractive place to store capital. Delaney said it's important to

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Speaker 1: focus on the medium to long term story. Number four.

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Speaker 1: Guzman e Gomes founder and chief executive Stephen Marx is

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Speaker 1: confident diners will keep coming through the doors of his

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Speaker 1: restaurants because, as he put it, people still got to eat.

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Speaker 1: Guzman's third quarter sales performance shows strong sales growth and

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Speaker 1: confirms the group will exceed full year earnings guidance. While

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Speaker 1: customers are skewed heavily to younger people, including teenagers, his

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Speaker 1: older customers are still turning up. Guzman Egomez said. Comparable

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Speaker 1: sales growth in the Australian segment where two hundred and

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Speaker 1: eleven of its two hundred and forty one stores are located.

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Speaker 1: Continues across all channels, parts of the day, formats and

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Speaker 1: store ownership types. Same store sales growth the group's Australian

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Speaker 1: stores were eleven percent higher for the third quarter of

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Speaker 1: twenty twenty five and finally storing number five. The federal

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Speaker 1: election is being swamped by the tariff news, so you

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Speaker 1: can imagine corporate news is not seeing much daylight. There

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Speaker 1: was a bit around today. Regal Partners tumble twelve percent

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Speaker 1: after its funds lost five hundred and forty million dollars

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Speaker 1: in the March quarter due to the write down of

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Speaker 1: its stake in biotech Opthia nine. Entertainment fell more than

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Speaker 1: three percent despite signing a two hundred and ten million

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Speaker 1: dollar broadcast rights deal with Rugby Australia. The agreement runs

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Speaker 1: to the end of this decade. And finally, the Competition

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Speaker 1: Regulator has given Wilworth the green light for its full

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Speaker 1: purchase of ready meal makeup beef and Johnston. Who are they? Well,

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Speaker 1: they make those Simon log beef pies very tasty. That's

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Speaker 1: it for the Afternoon report for Wednesday, the ninth of

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Speaker 1: April 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 of the Fast five Business Years by Peer

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Speaker 1: and Greed. I'm sure Alma enjoy your eating