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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Friday, the twenty third of May twenty twenty five.

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Speaker 1: I'm Sean Aylmer. Every afternoon, we've got the five stories

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Speaker 1: that happened today that you need to know about. Story

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Speaker 1: number one. The SMPA six two hundred jumped at the

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Speaker 1: opening this morning and finished the day up zero point

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Speaker 1: two percent to eighty three hundred and sixty one points.

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Speaker 1: For the week, it was up a midgeon. It was

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Speaker 1: a big day for the uranium miners after US President

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Speaker 1: Donald Trump said h'd loosen some rules around the sector.

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Speaker 1: Boss Energy, Deep Yellow and Paladin and Energy all rose sharply.

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Speaker 1: Real estate investment trusts and tech stocks also did well

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Speaker 1: on hopes of further rate cuts later in the year,

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Speaker 1: while the financials improved too. National Australia Bank and A

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Speaker 1: and Edward the best of the big banks, while market

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Speaker 1: leader Goodman was best of the property companies. The big

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Speaker 1: miners underperformed. Story number two. The flood crisis in New

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Speaker 1: South Wales continues to worsen, with New South Wales Premier

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Speaker 1: Chris Minz confirming there's been four deaths so far and

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Speaker 1: close to seven hundred rescues by the State Emergency Service

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Speaker 1: means promised personal hardship grants of one hundred and eighty

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Speaker 1: dollars per individual and nine hundred dollars per family for

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Speaker 1: those affected. The flooding is focused on the north coast

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Speaker 1: of the state, their rain has inundated Sydney in the

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Speaker 1: South coast as well. Story number three. Deputy Nationals leader

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Speaker 1: Kevin Hogan says he expects the Liberals to accept the

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Speaker 1: Nationals policy terms and the Liberal party leaders agree that

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Speaker 1: the coalition between the two conservative sides of politics will

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Speaker 1: be reformed. Been quite the week, of course. This week

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Speaker 1: the coalition is split and then pause breaking up after

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Speaker 1: the two sides couldn't agree to some key policy positions

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Speaker 1: on nuclear mobile coverage in regional Australia, a twenty billion

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Speaker 1: dollar Regional Future Fund, and divestiture laws on serbmarkets. Hogan

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Speaker 1: this morning was asked if the Liberals were going to

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Speaker 1: concede to any of the Nationals four key policies I

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Speaker 1: create him, well, I hope so, and they're saying that

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Speaker 1: they now will and those type of policies are really

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Speaker 1: important to us. Meanwhile, Liberal MP Dan Tien says progress

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Speaker 1: has been made on a possible reconciliation of the coalition

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Speaker 1: straight At number four, two of the countries and the

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Speaker 1: world's biggest iron ore producers are replacing key executives, including

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Speaker 1: Rio Tinto its chief executive, yak of stouse Home, has

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Speaker 1: announced his resignation after five years running the mining giant.

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Speaker 1: The other other resignation came from Fortescue Metal's energy chief

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Speaker 1: Mark Hutchison, who will also step down. Stashelm took the

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Speaker 1: top job in twenty twenty one after the destruction of

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Speaker 1: the Yukon Gorge indigenous site by Rio triggered the resignation

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Speaker 1: of Jean Sebastian Jarks. Mike Henry, the chief executive of BHP,

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Speaker 1: is still standing after more than five years in his job,

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Speaker 1: though they're always rumors that he's leaving. Who knows and

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Speaker 1: story Number five. US Ambassador Kevin Rudd says he is

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Speaker 1: working with the Trump administration to obtain more details for

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Speaker 1: Australian students. After Harvard University was told it can no

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Speaker 1: longer enroll international students. The Trump administration revoked Harvard's Student

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Speaker 1: and Exchange Visitor Program certification, meaning foreign students can no

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Speaker 1: longer attend the university, existing international students must transfer or

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Speaker 1: lose their legal status, the Department of Homeland Security said

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Speaker 1: overnight on x Kevin Rudd said and I quite were

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Speaker 1: monitoring closely developments at Harvard University in relation to the

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Speaker 1: administration statement on the future enrollment of International Students. That's

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Speaker 1: it fou aufternoon report for Friday, the twenty third of

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Speaker 1: May twenty twenty five. Make sure you hit follow on

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Speaker 1: the podcast. We will be back tomorrow morning with a

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Speaker 1: weekend edition of the past five business news. I Fear

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Speaker 1: and Greek. I'm Shane Elmer and enjoy re