1 00:00:03,680 --> 00:00:06,320 Speaker 1: Welcome to the Fear and Greed Business Years Afternoon Report 2 00:00:06,360 --> 00:00:09,520 Speaker 1: for Thursday, the eighth of May twenty twenty five. I'm sure, Aylmer. 3 00:00:09,880 --> 00:00:12,319 Speaker 1: Every afternoon we've got the five stories that happened today 4 00:00:12,320 --> 00:00:14,040 Speaker 1: that you need to know about. Sorry number one. The 5 00:00:14,080 --> 00:00:17,400 Speaker 1: SMPA six two hundred closed up just to touch zero 6 00:00:17,400 --> 00:00:20,560 Speaker 1: point one five percent to eighty one hundred and ninety 7 00:00:20,560 --> 00:00:24,320 Speaker 1: two points today. Confession season continues to dominate, with plenty 8 00:00:24,320 --> 00:00:27,480 Speaker 1: of news flowing out of the McQuary Annual Conference. In 9 00:00:27,560 --> 00:00:31,200 Speaker 1: terms of larger capped share prices, Westpac tumbled another four 10 00:00:31,240 --> 00:00:35,120 Speaker 1: percent today following its earnings announcement on Monday. Ain Z 11 00:00:35,240 --> 00:00:38,040 Speaker 1: for one percent after reporting a flat half year profit, 12 00:00:38,400 --> 00:00:41,600 Speaker 1: csl M, Macquarie in Woodside all dropped around one percent, 13 00:00:41,600 --> 00:00:46,120 Speaker 1: while National Australia Bank and Telstra outperformed. Story number two 14 00:00:46,200 --> 00:00:49,600 Speaker 1: in corporate news. Pro Medicus rose after inking a twenty 15 00:00:49,640 --> 00:00:53,320 Speaker 1: million dollar five year contract through its US subsidiary Visage 16 00:00:53,440 --> 00:00:58,200 Speaker 1: Imaging with Iowa Healthcare. Mexican fast food chain GUZMANI Gomez 17 00:00:58,240 --> 00:01:01,000 Speaker 1: also jumped after saying it would exceed full year net 18 00:01:01,000 --> 00:01:04,560 Speaker 1: profit guidance, while chief executive Stephen Mark said the business 19 00:01:04,880 --> 00:01:07,679 Speaker 1: is beefing up investment and staff numbers in the US. 20 00:01:08,040 --> 00:01:10,680 Speaker 1: Brevill CEO Jim Clayton said he believes taris are a 21 00:01:10,720 --> 00:01:13,760 Speaker 1: short term issue. Brebel's share price has been hit hard 22 00:01:14,080 --> 00:01:17,640 Speaker 1: by the Trump impost previously, and Pendall, which is the 23 00:01:17,680 --> 00:01:22,280 Speaker 1: biggest institutional shareholder in nine Entertainment, said it expects the 24 00:01:22,319 --> 00:01:24,840 Speaker 1: co Star purchase of Domain to go ahead and now 25 00:01:24,920 --> 00:01:27,840 Speaker 1: nine own sixty percent of Domain. Co Stars trying to 26 00:01:27,840 --> 00:01:30,959 Speaker 1: buy Domain Pendall reckons nine All end up paying about 27 00:01:31,000 --> 00:01:33,880 Speaker 1: one point two billion dollars in dividends as a result. 28 00:01:34,240 --> 00:01:37,120 Speaker 1: Storry number three toll road group Transurban is cutting about 29 00:01:37,120 --> 00:01:40,480 Speaker 1: seven percent of its global workforce for about three hundred 30 00:01:40,560 --> 00:01:45,080 Speaker 1: jobs as it faces angry commuters refusing to use toll roads. 31 00:01:45,400 --> 00:01:48,120 Speaker 1: The job losses will be in Sydney, Melbourne, Queensland and 32 00:01:48,160 --> 00:01:52,520 Speaker 1: North America. Similarly, another listed infrastructure group, Horizon, says it 33 00:01:52,560 --> 00:01:55,840 Speaker 1: will cut about two hundred jobs now. Transurban's goal is 34 00:01:55,840 --> 00:01:58,280 Speaker 1: to cut costs by more than fifty million dollars annually. 35 00:01:58,560 --> 00:02:01,680 Speaker 1: It owns eleven of Sydney in these thirteen toll roads, 36 00:02:01,720 --> 00:02:04,639 Speaker 1: by far its biggest market. There's been a backlash against 37 00:02:04,680 --> 00:02:07,040 Speaker 1: tolls in that city and the new South Wales government 38 00:02:07,160 --> 00:02:11,440 Speaker 1: is talking too transurban about restructuring faares. Its share price 39 00:02:11,720 --> 00:02:13,840 Speaker 1: was down one point two percent yesterday, though it's up 40 00:02:13,880 --> 00:02:17,359 Speaker 1: seven percent this year. Story number four Explosive groups Aurica 41 00:02:17,440 --> 00:02:20,680 Speaker 1: reported a net loss after tacks of eighty million dollars 42 00:02:20,720 --> 00:02:24,120 Speaker 1: owing to a huge restructuring hit from its Latin American operations, 43 00:02:24,320 --> 00:02:26,360 Speaker 1: but as share price jumped eight percent today, one of 44 00:02:26,360 --> 00:02:29,280 Speaker 1: the best of the ASX two hundred. Net profit excluding 45 00:02:29,280 --> 00:02:32,600 Speaker 1: those significant items rose forty percent year on year. That's 46 00:02:32,639 --> 00:02:35,400 Speaker 1: to about two hundred and fifty million dollars. Investors like that. 47 00:02:35,800 --> 00:02:39,200 Speaker 1: The commercial explosives manufacturer lifted its interim dividend to twenty 48 00:02:39,200 --> 00:02:41,720 Speaker 1: five cents, six cents higher than last year's dividend. The 49 00:02:41,760 --> 00:02:44,200 Speaker 1: company said full year earnings were expected to increase due 50 00:02:44,200 --> 00:02:47,840 Speaker 1: to higher earnings across all regions and segments, while costs 51 00:02:47,840 --> 00:02:52,079 Speaker 1: including acquisitions, would remain flat on the prior year. Finally, 52 00:02:52,080 --> 00:02:54,440 Speaker 1: story number five Toyota has warned that its profit will 53 00:02:54,520 --> 00:02:56,960 Speaker 1: drop by more than twenty percent this fiscal year due 54 00:02:56,960 --> 00:02:59,919 Speaker 1: to the fallout from Donald Trump's trade war with the UK. 55 00:03:00,080 --> 00:03:02,280 Speaker 1: Hey now likely to reach a deal with the US 56 00:03:02,280 --> 00:03:04,160 Speaker 1: on tariff at some point in the next forty eight 57 00:03:04,200 --> 00:03:07,640 Speaker 1: hours or so, countries like Japan will be queuing to 58 00:03:07,680 --> 00:03:09,560 Speaker 1: get in the door to have a meeting with Donald 59 00:03:09,560 --> 00:03:13,000 Speaker 1: Trump to cut tariffs with them now. The US President 60 00:03:13,000 --> 00:03:15,400 Speaker 1: has recently offered relief to car makers to soften the 61 00:03:15,400 --> 00:03:18,320 Speaker 1: impact of his twenty five percent tariffs on imports of 62 00:03:18,360 --> 00:03:22,040 Speaker 1: foreign made cars and parts. Tata and other Japanese manufacturers 63 00:03:22,040 --> 00:03:24,680 Speaker 1: exports some of the vehicles they sell in the US 64 00:03:24,840 --> 00:03:28,280 Speaker 1: from Japan. Now, the evolving nature of Trump's tariffs has 65 00:03:28,320 --> 00:03:32,079 Speaker 1: thrown the global car industry into turmoil. According to the Ft, 66 00:03:32,520 --> 00:03:36,440 Speaker 1: the Sades, Benz, Volvo, Cars Forward have all pulled their guidance. 67 00:03:36,480 --> 00:03:39,920 Speaker 1: General Motors warned of a big hit to its profit. 68 00:03:40,560 --> 00:03:42,800 Speaker 1: That's it for the afternoon Report for Thursday, the eighth 69 00:03:42,840 --> 00:03:44,840 Speaker 1: of May twenty twenty five. Make sure you hit follow 70 00:03:44,880 --> 00:03:46,680 Speaker 1: on the podcast. We will be back tomorrow morning with 71 00:03:46,760 --> 00:03:49,960 Speaker 1: the Friday edition of Fear and Greed Business News. I'm Chanielmer. 72 00:03:50,360 --> 00:03:51,120 Speaker 1: Enjoy your evening.