1 00:00:03,160 --> 00:00:05,880 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:05,920 --> 00:00:08,680 Speaker 1: for Thursday, the twentieth of March twenty twenty five. I'm 3 00:00:08,720 --> 00:00:11,760 Speaker 1: Sean Elmer. Every afternoon, we've got the five stories that 4 00:00:11,880 --> 00:00:14,120 Speaker 1: happened today that you need to know about. Story number one. 5 00:00:14,120 --> 00:00:17,599 Speaker 1: The SNPASX two hundred closed up one point two percent 6 00:00:17,680 --> 00:00:20,840 Speaker 1: to seven nine hundred and nineteen points today, the best 7 00:00:20,880 --> 00:00:24,960 Speaker 1: single session in six weeks. It reflects a strong knight 8 00:00:25,000 --> 00:00:27,600 Speaker 1: on Wall Street and the release of jobs figures in 9 00:00:27,640 --> 00:00:31,400 Speaker 1: Australia that show a surprising reduction in employment last month, 10 00:00:31,440 --> 00:00:35,479 Speaker 1: fifty three thousand fewer positions, but the unemployment rate stayed 11 00:00:35,600 --> 00:00:38,639 Speaker 1: steady at four point one percent as fewer people were 12 00:00:38,640 --> 00:00:41,680 Speaker 1: looking for work. Among the best performers today were the 13 00:00:41,720 --> 00:00:44,800 Speaker 1: real estate bank and tech stocks of the bank's. Commonwealth 14 00:00:44,840 --> 00:00:48,000 Speaker 1: Bank led the way up nearly two percent, Mcquarie Bank 15 00:00:48,080 --> 00:00:51,360 Speaker 1: raise four percent. Well, Goodman Group, a Ristocrat, Leisure, Aria, 16 00:00:51,600 --> 00:00:55,680 Speaker 1: Weistek and Promedicus all did pretty well. Story number two. 17 00:00:55,680 --> 00:00:58,680 Speaker 1: There's a bunch of media reports around the place today 18 00:00:58,720 --> 00:01:03,200 Speaker 1: about virgin Australia returning to the Australian Securities Exchange, with 19 00:01:03,320 --> 00:01:07,720 Speaker 1: investment banks sounding out potential investors. Bayin Kapel now owns 20 00:01:07,800 --> 00:01:10,840 Speaker 1: Virgin Australia. It's sold a twenty five percent stake to 21 00:01:11,000 --> 00:01:15,600 Speaker 1: Qatar recently. The reports say that advisors are scheduling meetings 22 00:01:15,640 --> 00:01:20,440 Speaker 1: with potential investors ahead of a potential relisting. A Virgin 23 00:01:20,520 --> 00:01:23,120 Speaker 1: relisting has been speculated on ever since it was bought 24 00:01:23,240 --> 00:01:26,959 Speaker 1: by Baine, it seems though there hasn't really been anything 25 00:01:27,000 --> 00:01:29,720 Speaker 1: too concrete for the past couple of years. A couple 26 00:01:29,800 --> 00:01:32,680 Speaker 1: of reasons why are listing looks more attractive right now? 27 00:01:33,120 --> 00:01:36,200 Speaker 1: The Qatar corner stake and what it means for flights 28 00:01:36,240 --> 00:01:39,360 Speaker 1: into Europe that's more attractive to investors, and the fact 29 00:01:39,360 --> 00:01:42,360 Speaker 1: that Quantus's share price is up seventy five percent over 30 00:01:42,400 --> 00:01:46,919 Speaker 1: the past year. Story number three in Corporate News, Infections 31 00:01:46,920 --> 00:01:50,920 Speaker 1: group Nanosonics rallied thirteen and a half percent after US 32 00:01:50,960 --> 00:01:55,160 Speaker 1: regulators approved its tool designed to clean endoscopes used in 33 00:01:55,200 --> 00:01:59,279 Speaker 1: hospitals and reduce infection risk. Brick Works, the country's largest 34 00:01:59,320 --> 00:02:02,120 Speaker 1: brickmaking cup are now states more profit, which was better 35 00:02:02,160 --> 00:02:04,600 Speaker 1: than last year's loss and lifted its dividend, but its 36 00:02:04,600 --> 00:02:07,360 Speaker 1: set home building activity in Australia is subdued. Its share 37 00:02:07,360 --> 00:02:10,680 Speaker 1: price rose one percent. Clean Away Waste Management will acquire 38 00:02:10,800 --> 00:02:13,959 Speaker 1: contract Resources for three hundred and seventy seven million dollars. 39 00:02:14,240 --> 00:02:17,840 Speaker 1: Clean Away share price jumped three percent, and TPG Telecom 40 00:02:17,880 --> 00:02:20,800 Speaker 1: can proceed with its five point twenty five billion dollar 41 00:02:20,880 --> 00:02:24,400 Speaker 1: sale of its five networks to Focus Group after the 42 00:02:24,520 --> 00:02:28,720 Speaker 1: A Trible c gave the deal a green light. TPG's 43 00:02:28,720 --> 00:02:32,160 Speaker 1: share price rose six percent. Story number four and Video 44 00:02:32,280 --> 00:02:34,640 Speaker 1: will spend hundreds of billions of dollars on chips and 45 00:02:34,680 --> 00:02:38,400 Speaker 1: other electronics manufactured in the US over the next four years, 46 00:02:38,840 --> 00:02:42,400 Speaker 1: as the company tilts its supply chain back from Asia 47 00:02:42,840 --> 00:02:46,160 Speaker 1: in the face of Donald Trump's tariff threats. The huge 48 00:02:46,200 --> 00:02:50,640 Speaker 1: spending projection from the semiconductor group follows multi billion dollar 49 00:02:50,760 --> 00:02:54,080 Speaker 1: US investment plans announced by other technology companies, including Apple. 50 00:02:54,440 --> 00:02:57,080 Speaker 1: Both were examples of the impact of Trump's America First 51 00:02:57,240 --> 00:03:01,280 Speaker 1: trade policies. And Video c O Henson Huang told The 52 00:03:01,360 --> 00:03:04,760 Speaker 1: Financial Times that Nvideo will procure over the course of 53 00:03:04,800 --> 00:03:08,520 Speaker 1: the next four years probably half a trillion US dollars 54 00:03:08,520 --> 00:03:13,600 Speaker 1: worth of electronics, with several hundred billion US dollars coming 55 00:03:13,639 --> 00:03:16,359 Speaker 1: from the US. Huang said the company's now able to 56 00:03:16,400 --> 00:03:20,160 Speaker 1: manufacture its latest systems in the US, and he sees 57 00:03:20,200 --> 00:03:23,560 Speaker 1: a growing competitive threat from Huawei in China. This week 58 00:03:23,600 --> 00:03:27,000 Speaker 1: and Nvidia's annual Developers Conference, huang unveiled the next generation 59 00:03:27,160 --> 00:03:30,840 Speaker 1: of its AI chip, called Via Reuben, outlining his plan 60 00:03:30,960 --> 00:03:34,440 Speaker 1: to build clusters of millions of interconnected chips in giant 61 00:03:34,520 --> 00:03:39,160 Speaker 1: data centers that will require vast power supplies and storing. 62 00:03:39,280 --> 00:03:41,560 Speaker 1: Number Five. In the US, the Federal Reserve that's the 63 00:03:41,600 --> 00:03:44,760 Speaker 1: central Bank hinted at further rate cuts overnight. In the 64 00:03:44,800 --> 00:03:48,480 Speaker 1: world's biggest economy. The FED cut its growth projections for 65 00:03:48,680 --> 00:03:51,080 Speaker 1: the US and penciled in half a percentage point rate 66 00:03:51,160 --> 00:03:55,240 Speaker 1: cut this year. It also upgraded its inflation forecast. However, 67 00:03:55,320 --> 00:03:57,680 Speaker 1: the Central Bank said it is still waiting for more 68 00:03:57,720 --> 00:04:01,120 Speaker 1: progress on inflation and clarity on President Donald Trump's trade 69 00:04:01,120 --> 00:04:05,240 Speaker 1: policies before making any further moves. For his part, mister 70 00:04:05,280 --> 00:04:08,000 Speaker 1: Trump criticized the FED for not moving on rates, saying 71 00:04:08,160 --> 00:04:10,480 Speaker 1: it would be much better off cutting interest rates as 72 00:04:10,560 --> 00:04:13,880 Speaker 1: tariffs are introduced. That's it for the Afternoon Report for Thursday, 73 00:04:13,920 --> 00:04:16,000 Speaker 1: the twentieth of March twenty twenty five. Make sure you 74 00:04:16,040 --> 00:04:18,279 Speaker 1: hit follow on the podcast. We'll be back tomorrow morning 75 00:04:18,440 --> 00:04:21,080 Speaker 1: with the Friday edition of the fast five business news 76 00:04:21,080 --> 00:04:24,160 Speaker 1: by fear and greed. I'm Sean Elmer. Enjoy your reading.