1 00:00:04,160 --> 00:00:07,440 Speaker 1: Welcome to the Fearing Greed Business Newsday Afternoon Report for Friday, 2 00:00:07,480 --> 00:00:10,000 Speaker 1: the second of May twenty twenty five. I'm suan Alma. 3 00:00:10,440 --> 00:00:12,959 Speaker 1: Every afternoon, We've got the five stories that happen today 4 00:00:12,960 --> 00:00:15,280 Speaker 1: that you need to know about. Story number one, Australian's 5 00:00:15,320 --> 00:00:18,120 Speaker 1: head to the polls tomorrow morning, with Prime Minister Anthony 6 00:00:18,160 --> 00:00:21,520 Speaker 1: Albanisi and the Labor Party favored to be returned to government. 7 00:00:21,880 --> 00:00:25,480 Speaker 1: Alban Esi in opposition leader Peter Dutton spent today campaigning 8 00:00:25,480 --> 00:00:28,320 Speaker 1: in the hope of winning over last minute undecided voters. 9 00:00:28,720 --> 00:00:31,360 Speaker 1: The campaign has been focused on cost of living issues, 10 00:00:31,400 --> 00:00:35,360 Speaker 1: including four debates, plenty of gaffes and plenty of fairly 11 00:00:35,400 --> 00:00:38,800 Speaker 1: silly photos. It's likely that by around nine pm tomorrow 12 00:00:38,920 --> 00:00:41,800 Speaker 1: night will know who the next PM is. That we 13 00:00:41,920 --> 00:00:45,680 Speaker 1: might not know if some majority or minority government. A 14 00:00:45,800 --> 00:00:49,400 Speaker 1: minority ALP government means Labor needs the support of Greens 15 00:00:49,479 --> 00:00:53,040 Speaker 1: or Independence in the House of Representatives to govern. That 16 00:00:53,400 --> 00:00:57,520 Speaker 1: still seems to be the most likely option. Story number two. 17 00:00:57,520 --> 00:00:59,600 Speaker 1: The local share market closed up more than one percent 18 00:00:59,600 --> 00:01:02,480 Speaker 1: today eight thousand, two hundred and thirty eight points. It 19 00:01:02,600 --> 00:01:04,640 Speaker 1: was the seventh day of gains in a row and 20 00:01:04,720 --> 00:01:07,480 Speaker 1: the market is back to late February early March levels. 21 00:01:07,800 --> 00:01:10,240 Speaker 1: For the full week, the market rows three point four percent. 22 00:01:10,400 --> 00:01:13,559 Speaker 1: Helping it today were suggestions that the US and China 23 00:01:14,000 --> 00:01:17,479 Speaker 1: are holding talks over tariffs that pushed up the price 24 00:01:17,520 --> 00:01:20,920 Speaker 1: of oil, and both Woodside and Santos outperformed. Commonwealth Bank 25 00:01:21,000 --> 00:01:23,039 Speaker 1: jumped one point four percent, but in the middle of 26 00:01:23,040 --> 00:01:25,200 Speaker 1: the day it was up even more. In fact, it 27 00:01:25,280 --> 00:01:28,440 Speaker 1: briefly touched a new record of just under one hundred 28 00:01:28,440 --> 00:01:31,200 Speaker 1: and seventy dollars a share. Westpac jump two percent, as 29 00:01:31,240 --> 00:01:34,480 Speaker 1: did CSL. In Business News, Corporate Travel warned of a 30 00:01:34,520 --> 00:01:37,080 Speaker 1: softer outlook on the back of global uncertainty, sending its 31 00:01:37,240 --> 00:01:40,880 Speaker 1: share price down ten percent. Web Travel Group also fell. 32 00:01:40,920 --> 00:01:43,560 Speaker 1: It was off four percent. Story number three wyse tech 33 00:01:43,600 --> 00:01:47,920 Speaker 1: Global is considering acquiring New York listed supply chain platform 34 00:01:47,960 --> 00:01:50,880 Speaker 1: provider E two Open for up to three and a 35 00:01:50,960 --> 00:01:54,240 Speaker 1: half billion dollars. A statement from the tech leader came 36 00:01:54,280 --> 00:01:55,880 Speaker 1: out today after a report of the deal in the 37 00:01:55,920 --> 00:01:59,880 Speaker 1: Australian Financial Review. The statement said Wistech's strategy is to 38 00:02:00,040 --> 00:02:03,160 Speaker 1: continued to accelerate its product development and the ecosystem reach 39 00:02:03,600 --> 00:02:08,560 Speaker 1: through a proactive acquisition program that includes strategically significant acquisitions, 40 00:02:08,919 --> 00:02:12,440 Speaker 1: as well as tuck ins and full foothold acquisitions. There 41 00:02:12,440 --> 00:02:16,280 Speaker 1: you go, sorry. Number four Sydney based NASDAQ listed software 42 00:02:16,400 --> 00:02:20,280 Speaker 1: giant at lassion. Its share price tumbled fourteen percent on 43 00:02:20,320 --> 00:02:23,720 Speaker 1: Wall Street in after hours trading, following a fourteen percent 44 00:02:23,880 --> 00:02:26,240 Speaker 1: rise year on year in revenue. For the March quarter. 45 00:02:26,520 --> 00:02:29,520 Speaker 1: The company, which makes collaboration and productivity tools, reported a 46 00:02:29,520 --> 00:02:33,200 Speaker 1: net loss of seventy one million US dollars. Chief executive 47 00:02:33,200 --> 00:02:35,160 Speaker 1: Mike Kennan Brooks said the company now has one and 48 00:02:35,200 --> 00:02:39,120 Speaker 1: a half million users of its artificial intelligence product Rovo, 49 00:02:39,240 --> 00:02:43,040 Speaker 1: after it made the feature free. Meanwhile, Apple reported a 50 00:02:43,120 --> 00:02:45,760 Speaker 1: slightly better than expected March quarter result on the back 51 00:02:45,840 --> 00:02:49,240 Speaker 1: of strong sales of iPhones. Ambazon dot Com reported slightly 52 00:02:49,280 --> 00:02:51,600 Speaker 1: lower than expected earnings on the back of a tariff 53 00:02:51,600 --> 00:02:57,000 Speaker 1: induced consumer slow down, and after payparent Block reported disappointing earnings, 54 00:02:57,000 --> 00:03:01,000 Speaker 1: sending its share price down thirty percent in after hours trading. 55 00:03:01,040 --> 00:03:04,040 Speaker 1: Now Bloc has a secondary listing on the AX. It 56 00:03:04,080 --> 00:03:07,200 Speaker 1: fell twenty six percent on the AX today And story 57 00:03:07,280 --> 00:03:10,880 Speaker 1: number five. Donald Trump has sacked national security advisor Mike 58 00:03:10,960 --> 00:03:13,960 Speaker 1: Waaltz following a scandal over the use of a private 59 00:03:14,000 --> 00:03:17,359 Speaker 1: messaging app to discuss military plans. Trump announced the move 60 00:03:17,440 --> 00:03:20,440 Speaker 1: on truth social overnight, saying Waltz would be nominated to 61 00:03:20,520 --> 00:03:24,000 Speaker 1: serve as US Ambassador to the United Nations. Secretary of 62 00:03:24,000 --> 00:03:28,200 Speaker 1: State Marco Rubio will serve as interim National Security Advisor. 63 00:03:28,520 --> 00:03:32,880 Speaker 1: Walltz's tenure became precarious after he accidentally included the editor 64 00:03:32,919 --> 00:03:35,840 Speaker 1: of The Atlantic magazine in a signal chat with top 65 00:03:35,880 --> 00:03:38,800 Speaker 1: officials in which they discussed details of looming US strikes 66 00:03:39,080 --> 00:03:42,520 Speaker 1: on Yemen targeting hoodie rebels. That's it for the afternoon 67 00:03:42,520 --> 00:03:45,160 Speaker 1: Report for Friday, second of May twenty twenty five. Make 68 00:03:45,200 --> 00:03:47,240 Speaker 1: sure you hit followm on the podcast. We will be 69 00:03:47,240 --> 00:03:49,560 Speaker 1: back tomorrow morning with a weekend edition of the past 70 00:03:49,600 --> 00:03:52,800 Speaker 1: five business duws by Fear and Greed. I'm Sean Ailmat. 71 00:03:53,160 --> 00:03:53,840 Speaker 1: Enjoy your evening.