1 00:00:04,120 --> 00:00:06,840 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,960 --> 00:00:09,760 Speaker 1: for Monday, the twenty third of June twenty twenty five. 3 00:00:09,800 --> 00:00:12,400 Speaker 1: I'm suan alma. Every afternoon, We've got the five stories 4 00:00:12,400 --> 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. The s and p ASX two hundred fell 6 00:00:16,880 --> 00:00:20,159 Speaker 1: to way twenty day low today as markets braced for 7 00:00:20,360 --> 00:00:24,440 Speaker 1: Tehran's response to the US's bombing of three nuclear facilities 8 00:00:24,480 --> 00:00:28,440 Speaker 1: over the weekend. By the close, the SMPASEX two hundred 9 00:00:28,600 --> 00:00:31,600 Speaker 1: was down nearly half a percent to eighty four hundred 10 00:00:31,600 --> 00:00:34,520 Speaker 1: and seventy five points. Traders went for safety, with Commonwealth 11 00:00:34,520 --> 00:00:38,160 Speaker 1: Bank hitting yet another record. Technology stocks were sold off, 12 00:00:38,200 --> 00:00:42,080 Speaker 1: with Weistech Global and Technology One both lower energy stocks 13 00:00:42,120 --> 00:00:43,920 Speaker 1: were also higher on the back of a jump in 14 00:00:44,000 --> 00:00:47,440 Speaker 1: Brent prices. Story number two Home Weares and furniture retailer 15 00:00:47,560 --> 00:00:51,440 Speaker 1: Adares share price tumbled twenty one percent today after it 16 00:00:51,520 --> 00:00:54,520 Speaker 1: warned that full year earnings would come in below last year. 17 00:00:54,760 --> 00:00:59,680 Speaker 1: The retailers said strong promotional activity had boosted sales, but 18 00:01:00,080 --> 00:01:03,000 Speaker 1: it also dented margins. Not helping it was a weaker 19 00:01:03,040 --> 00:01:05,959 Speaker 1: Aussie dollar. Straight number three Network ten has done a 20 00:01:06,000 --> 00:01:10,920 Speaker 1: deal with Spotify to broadcast its new evening news and 21 00:01:10,959 --> 00:01:14,760 Speaker 1: current affairs bulletin each day within minutes of it going 22 00:01:14,800 --> 00:01:17,520 Speaker 1: to air on the main channel of the station. Its 23 00:01:17,600 --> 00:01:20,720 Speaker 1: ten News Plus show is an hour long podcast and 24 00:01:20,800 --> 00:01:24,640 Speaker 1: video each day. He will also be broadcast live on YouTube, 25 00:01:24,959 --> 00:01:27,759 Speaker 1: so it airs on TV then goes directly on Spotify 26 00:01:28,080 --> 00:01:30,960 Speaker 1: to be available on demand as a video podcast. Ten 27 00:01:31,080 --> 00:01:34,800 Speaker 1: acted it's long running nightly talk show, The Project earlier 28 00:01:34,840 --> 00:01:37,280 Speaker 1: this month, after sixteen years and more than forty five 29 00:01:37,360 --> 00:01:40,600 Speaker 1: hundred episodes in its place, it announced ten News Plus, 30 00:01:40,800 --> 00:01:43,240 Speaker 1: what it calls an in depth news, current affairs and 31 00:01:43,319 --> 00:01:47,119 Speaker 1: insights program. Straight number four in Corporate News Today, Australia's 32 00:01:47,160 --> 00:01:50,559 Speaker 1: highest paid chief executive, Robert Thompson, has signed a five 33 00:01:50,640 --> 00:01:54,720 Speaker 1: year extension to continue running Rupert Murdoch's News Corporation, keeping 34 00:01:54,760 --> 00:01:57,160 Speaker 1: the former newspaper editor at the helm of the company 35 00:01:57,240 --> 00:02:00,280 Speaker 1: until the next decade. And Woodside Energy has a read 36 00:02:00,440 --> 00:02:04,920 Speaker 1: to sell bigger LNG cargoes to Japan during the peak 37 00:02:05,000 --> 00:02:09,600 Speaker 1: winter demand period in the Asian nation, bolstering its energy security. Finally, 38 00:02:09,639 --> 00:02:12,440 Speaker 1: story number five, the South Australian government says it will 39 00:02:12,440 --> 00:02:16,880 Speaker 1: demand Santos's Abu Dharby suitor commit to keeping the company's 40 00:02:16,919 --> 00:02:19,720 Speaker 1: headquarters in Adelaide and sign off on big investments in 41 00:02:19,760 --> 00:02:23,000 Speaker 1: projects in the state in return for supporting the proposed 42 00:02:23,120 --> 00:02:26,440 Speaker 1: thirty six billion dollar takeover of the ASX listed oil 43 00:02:26,440 --> 00:02:29,600 Speaker 1: and gas giant. The ABU Dhrby National Oil Company made 44 00:02:29,840 --> 00:02:32,799 Speaker 1: the bid for Santos last week. Since then, unions and 45 00:02:32,840 --> 00:02:35,640 Speaker 1: governments have flagged their concerns with the sale of critical 46 00:02:35,720 --> 00:02:39,480 Speaker 1: energy infrastructure to a heavyweight state owned investor. That's it 47 00:02:39,639 --> 00:02:42,080 Speaker 1: the Afternoon Report for Monday, the twenty third of June 48 00:02:42,080 --> 00:02:44,320 Speaker 1: twenty twenty five. Make sure we hit follow on the podcast. 49 00:02:44,600 --> 00:02:46,600 Speaker 1: We will be back tomorrow morning with a Tuesday edition 50 00:02:46,720 --> 00:02:49,160 Speaker 1: of Past five versus News by f O and Greek. 51 00:02:49,400 --> 00:02:51,320 Speaker 1: I'm Sean Elmer. Enjoy your evening.