1 00:00:04,160 --> 00:00:06,720 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,760 --> 00:00:09,200 Speaker 1: for Friday, the thirteenth of June twenty twenty five. I'm 3 00:00:09,200 --> 00:00:12,280 Speaker 1: suan alma. Every afternoon, We've got the five stories that 4 00:00:12,400 --> 00:00:14,840 Speaker 1: happened today that you need to know about. Story number one. 5 00:00:14,880 --> 00:00:18,080 Speaker 1: Israeli officials say they are bracing for a response to 6 00:00:18,160 --> 00:00:21,560 Speaker 1: its wide scale attack on Iran this morning, and Prime 7 00:00:21,560 --> 00:00:24,800 Speaker 1: Minister Benjamin Netanya, who has warned citizens they may need 8 00:00:24,840 --> 00:00:29,360 Speaker 1: to spend extended periods in bomb shelters. The officials, cited 9 00:00:29,360 --> 00:00:32,440 Speaker 1: by Reuters, said Iran's response could include the launch of 10 00:00:32,560 --> 00:00:36,120 Speaker 1: hundreds of ballistic missiles. It follows the Israeli attack this 11 00:00:36,200 --> 00:00:39,800 Speaker 1: morning that hit numerous Iranian military sites, including a major 12 00:00:39,920 --> 00:00:44,240 Speaker 1: nuclear facility, and has killed many of Iran's top military leaders. 13 00:00:44,560 --> 00:00:47,800 Speaker 1: Foreign Minister Penny Wong has said Israel's preemptive strike on 14 00:00:47,960 --> 00:00:52,680 Speaker 1: Iranian nuclear facilities risks further destabilizing a region that is 15 00:00:52,720 --> 00:00:55,840 Speaker 1: already volatile, and called on all parties to refrain from 16 00:00:55,880 --> 00:01:00,920 Speaker 1: actions and rehtoric that would further exacerbate tensions. Story number two. 17 00:01:00,960 --> 00:01:03,800 Speaker 1: The attack by Israel had an immediate impact on financial 18 00:01:03,840 --> 00:01:07,479 Speaker 1: markets after the news was released. The local shere market tumble, 19 00:01:07,560 --> 00:01:09,520 Speaker 1: though it regathered some ground late in the day to 20 00:01:09,560 --> 00:01:12,880 Speaker 1: finish down zero point two percent to eighty five hundred 21 00:01:12,880 --> 00:01:15,640 Speaker 1: and forty seven points. The attacks sent the price of 22 00:01:15,680 --> 00:01:19,920 Speaker 1: both gold and oil higher, while bitcoin tumbled. Best stocks 23 00:01:19,959 --> 00:01:22,160 Speaker 1: on the moors today with the energy and gold companies 24 00:01:22,200 --> 00:01:24,360 Speaker 1: in the back of those higher prices. Among the large 25 00:01:24,400 --> 00:01:26,600 Speaker 1: caps at Woodside jumped more than seven percent. One of 26 00:01:26,640 --> 00:01:29,280 Speaker 1: the worst was Quantus. In light of the tragic Air 27 00:01:29,400 --> 00:01:32,600 Speaker 1: India crash this morning, it was down five percent. HP 28 00:01:32,720 --> 00:01:35,319 Speaker 1: and Reo Tinto, alongside Aria and Weis Teach Global, were 29 00:01:35,360 --> 00:01:38,399 Speaker 1: all sold down sharply. Sorry number three. It is the 30 00:01:38,440 --> 00:01:41,240 Speaker 1: story of that tragic air accident this morning. A British 31 00:01:41,319 --> 00:01:44,959 Speaker 1: Man has survived the Air India Boeing seven eight seven crash, 32 00:01:45,080 --> 00:01:47,880 Speaker 1: a flight carrying two hundred and forty two people from 33 00:01:47,920 --> 00:01:51,600 Speaker 1: a city in India to London's Gatwick Airport. At least 34 00:01:51,760 --> 00:01:54,440 Speaker 1: two hundred and ninety four people have died after the 35 00:01:54,480 --> 00:01:58,280 Speaker 1: flight crashed into a medical student's facility. They generally were 36 00:01:58,320 --> 00:02:01,000 Speaker 1: eating lunch. It was that time of day. The survivor 37 00:02:01,040 --> 00:02:05,080 Speaker 1: held a British passport and was seated in eleven A 38 00:02:05,200 --> 00:02:07,800 Speaker 1: in our flight radar shows that the flight AI one 39 00:02:07,880 --> 00:02:10,760 Speaker 1: seventy one reached an altitude of just one hundred and 40 00:02:10,800 --> 00:02:14,240 Speaker 1: ninety meters, at which time the pilots issued a May 41 00:02:14,280 --> 00:02:18,280 Speaker 1: day call signaling emergency before crashing Storry number four. The 42 00:02:18,280 --> 00:02:21,240 Speaker 1: share price of footwear retailer Accent, which owns the Hype 43 00:02:21,280 --> 00:02:24,360 Speaker 1: and Platypus chains and Fashion out Net Glue store, plunged 44 00:02:24,360 --> 00:02:26,920 Speaker 1: at more than twenty percent today after warning that sales 45 00:02:26,919 --> 00:02:30,680 Speaker 1: have flagged post Christmas. Accent said low overall growth in 46 00:02:30,720 --> 00:02:33,600 Speaker 1: the lifestyle footwear market from March to early June had 47 00:02:33,639 --> 00:02:37,440 Speaker 1: impacted sales in both the retail and wholesale segments. Sales 48 00:02:37,480 --> 00:02:39,680 Speaker 1: were down one percent for the twenty three weeks to 49 00:02:39,760 --> 00:02:42,200 Speaker 1: June eight compared to the same time last year, and 50 00:02:42,240 --> 00:02:45,160 Speaker 1: story number five. Gas giant Woodside has been given more 51 00:02:45,160 --> 00:02:47,600 Speaker 1: time to assess the impact of conditions the alb and 52 00:02:47,639 --> 00:02:51,200 Speaker 1: Easy Government imposed on the future operations of its Northwest 53 00:02:51,320 --> 00:02:54,600 Speaker 1: Shelf operation. The government last month gave conditional approval to 54 00:02:54,600 --> 00:02:57,160 Speaker 1: extend the life of the West Australian gas processing plant 55 00:02:57,240 --> 00:02:59,919 Speaker 1: until twenty seventy subject to a number of air quality 56 00:03:00,080 --> 00:03:03,799 Speaker 1: and emissions based conditions. Woodside was given ten business days 57 00:03:03,840 --> 00:03:06,960 Speaker 1: to respond to the conditional approval and today requested more 58 00:03:07,000 --> 00:03:09,440 Speaker 1: time from the government to properly assess the effect of 59 00:03:09,440 --> 00:03:12,160 Speaker 1: the new conditions. According to the Finn review, the company 60 00:03:12,240 --> 00:03:15,000 Speaker 1: confirmed the new conditions involved the management of nearby Indigenous 61 00:03:15,040 --> 00:03:18,880 Speaker 1: cultural heritage sites as well as air quality. That's it 62 00:03:18,919 --> 00:03:21,160 Speaker 1: for the afternoon report for Friday, the thirteenth of June 63 00:03:21,200 --> 00:03:23,440 Speaker 1: twenty twenty five. Make sure you hit follow on the podcast. 64 00:03:23,480 --> 00:03:25,760 Speaker 1: We will be back tomorrow morning with a weekend edition 65 00:03:25,919 --> 00:03:28,600 Speaker 1: of the Fast five Business News by Fear and Greed. 66 00:03:28,720 --> 00:03:30,680 Speaker 1: I'm Seane Elmer. Enjoy your evening.