1 00:00:03,600 --> 00:00:06,240 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,280 --> 00:00:08,800 Speaker 1: for Friday, eight twenty third of May twenty twenty five. 3 00:00:08,840 --> 00:00:12,080 Speaker 1: I'm Sean Aylmer. Every afternoon, we've got the five stories 4 00:00:12,080 --> 00:00:14,160 Speaker 1: that happened today that you need to know about. Story 5 00:00:14,240 --> 00:00:16,840 Speaker 1: number one, Yes and PA six two hundred jumped at 6 00:00:16,840 --> 00:00:19,759 Speaker 1: the eightning this morning and finished the day up zero 7 00:00:19,800 --> 00:00:22,720 Speaker 1: point two percent to eighty three hundred and sixty one points. 8 00:00:23,040 --> 00:00:25,320 Speaker 1: For the week, it was up a smidgeon. It was 9 00:00:25,360 --> 00:00:27,920 Speaker 1: a big day for the uranium miners after US President 10 00:00:28,000 --> 00:00:30,760 Speaker 1: Donald Trump said he'd loosen some rules around the sector. 11 00:00:31,080 --> 00:00:34,440 Speaker 1: Boss Energy, Deep Yellow and Paladin and Energy all rose sharply. 12 00:00:34,800 --> 00:00:37,560 Speaker 1: Real estate investment trusts and tech stocks also did well 13 00:00:37,600 --> 00:00:40,160 Speaker 1: on hopes of further rate cuts later in the year, 14 00:00:40,440 --> 00:00:43,000 Speaker 1: while the financials improved too. National Australia Bank and A 15 00:00:43,040 --> 00:00:45,000 Speaker 1: and Zedward the best of the big banks, while market 16 00:00:45,080 --> 00:00:48,240 Speaker 1: leader Goodman was best of the property companies. The big 17 00:00:48,280 --> 00:00:51,440 Speaker 1: miners underperformed. Story number two. The flood crisis in New 18 00:00:51,479 --> 00:00:54,200 Speaker 1: South Wales continues to worsen, with New South Wales Premier 19 00:00:54,520 --> 00:00:57,840 Speaker 1: Chris Minz confirming there's been four deaths so far and 20 00:00:57,880 --> 00:01:00,880 Speaker 1: close to seven hundred rescues by the State Urgency Service 21 00:01:01,320 --> 00:01:04,560 Speaker 1: means promised personal hardship grants of one hundred and eighty 22 00:01:04,560 --> 00:01:07,480 Speaker 1: dollars per individual and nine hundred dollars per family for 23 00:01:07,520 --> 00:01:10,600 Speaker 1: those affected. The flooding is focused on the north coast 24 00:01:10,600 --> 00:01:13,039 Speaker 1: of the state, their rain has inundated Sydney in the 25 00:01:13,080 --> 00:01:16,360 Speaker 1: South coast as well. Story number three. Deputy Nationals leader 26 00:01:16,440 --> 00:01:18,720 Speaker 1: Kevin Hogan says he expects the Liberals to accept the 27 00:01:18,800 --> 00:01:21,640 Speaker 1: Nationals policy terms and the Liberal party leaders agree that 28 00:01:21,680 --> 00:01:25,119 Speaker 1: the coalition between the two conservative sides of politics will 29 00:01:25,160 --> 00:01:29,240 Speaker 1: be reformed. Been quite the week, of course. This week 30 00:01:29,280 --> 00:01:32,400 Speaker 1: the coalition is split and then pause breaking up after 31 00:01:32,400 --> 00:01:35,040 Speaker 1: the two sides couldn't agree to some key policy positions 32 00:01:35,080 --> 00:01:38,600 Speaker 1: on nuclear mobile coverage in regional Australia, a twenty billion 33 00:01:38,640 --> 00:01:43,480 Speaker 1: dollar Regional Future Fund, and divestiture laws on serbmarkets. Hogan 34 00:01:43,640 --> 00:01:45,480 Speaker 1: this morning was asked if the Liberals were going to 35 00:01:45,480 --> 00:01:48,520 Speaker 1: concede to any of the Nationals four key policies I 36 00:01:48,640 --> 00:01:50,800 Speaker 1: create him, well, I hope so, and they're saying that 37 00:01:50,880 --> 00:01:53,440 Speaker 1: they now will and those type of policies are really 38 00:01:53,480 --> 00:01:57,960 Speaker 1: important to us. Meanwhile, Liberal MP Dan Tien says progress 39 00:01:57,960 --> 00:02:01,080 Speaker 1: has been made on a possible reconci of the coalition 40 00:02:01,480 --> 00:02:03,400 Speaker 1: straight At number four, two of the countries and the 41 00:02:03,400 --> 00:02:07,800 Speaker 1: world's biggest iron ore producers are replacing key executives, including 42 00:02:07,880 --> 00:02:11,160 Speaker 1: Rio Tinto its chief executive, yak of stouse Home, has 43 00:02:11,160 --> 00:02:14,760 Speaker 1: announced his resignation after five years running the mining giant. 44 00:02:15,040 --> 00:02:18,360 Speaker 1: The other other resignation came from Fortescue Metal's energy chief 45 00:02:18,480 --> 00:02:21,880 Speaker 1: Mark Hutchison, who will also step down. Stashelm took the 46 00:02:21,919 --> 00:02:24,320 Speaker 1: top job in twenty twenty one after the destruction of 47 00:02:24,360 --> 00:02:28,520 Speaker 1: the Yukon Gorge indigenous site by Rio triggered the resignation 48 00:02:28,720 --> 00:02:32,480 Speaker 1: of Jean Sebastian Jarks. Mike Henry, the chief executive of HP, 49 00:02:32,639 --> 00:02:35,680 Speaker 1: is still standing after more than five years in his job, 50 00:02:36,400 --> 00:02:39,240 Speaker 1: though they're always rumors that he's leaving. Who knows and 51 00:02:39,320 --> 00:02:42,560 Speaker 1: story Number five. US Ambassador Kevin Rudd says he is 52 00:02:42,639 --> 00:02:45,679 Speaker 1: working with the Trump administration to obtain more details for 53 00:02:45,720 --> 00:02:49,799 Speaker 1: Australian students. After Harvard University was told it can no 54 00:02:49,840 --> 00:02:55,520 Speaker 1: longer enroll international students. The Trump administration revoked Harvard's Student 55 00:02:55,639 --> 00:02:59,760 Speaker 1: and Exchange Visitor Program certification, meaning foreign students can no 56 00:02:59,760 --> 00:03:04,639 Speaker 1: longer attend the University existing international students must transfer or 57 00:03:04,720 --> 00:03:07,679 Speaker 1: lose their legal status, the Department of Homeland Security said 58 00:03:07,720 --> 00:03:11,119 Speaker 1: overnight on x Kevin Rudd said and I quite were 59 00:03:11,160 --> 00:03:14,639 Speaker 1: monitoring closely developments at Harvard University in relation to the 60 00:03:14,680 --> 00:03:19,000 Speaker 1: administration statement on the future enrollment of international students. That's 61 00:03:19,040 --> 00:03:21,280 Speaker 1: it for the afternoon report for Friday, the twenty third 62 00:03:21,280 --> 00:03:23,320 Speaker 1: of May twenty twenty five. Make sure you hit follow 63 00:03:23,320 --> 00:03:25,440 Speaker 1: on the podcast. We will be back tomorrow morning with 64 00:03:25,480 --> 00:03:27,880 Speaker 1: the weekend edition of Fear and Greed business News. I'm 65 00:03:27,880 --> 00:03:29,720 Speaker 1: Sean Elmer. Enjoy your evening.