1 00:00:04,080 --> 00:00:06,600 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,640 --> 00:00:09,239 Speaker 1: for Tuesday, the twenty second of July twenty twenty five. 3 00:00:09,320 --> 00:00:12,080 Speaker 1: I'm suan alma. Every afternoon, We've got the five stories 4 00:00:12,119 --> 00:00:14,080 Speaker 1: that have happened today that you really do need to 5 00:00:14,080 --> 00:00:17,400 Speaker 1: know about. Story number one. The big banks were dumped today, 6 00:00:17,400 --> 00:00:21,079 Speaker 1: with Commonwealth Bank dropping three percent, which given its size, 7 00:00:21,120 --> 00:00:23,480 Speaker 1: took thirty points off the S and p ASX two 8 00:00:23,600 --> 00:00:26,000 Speaker 1: hundred index. The other banks were also lower, while the 9 00:00:26,000 --> 00:00:28,960 Speaker 1: big miners and healthcare stocks did well. The iron ore 10 00:00:29,040 --> 00:00:31,680 Speaker 1: stocks did best on the back of China's new mega 11 00:00:31,760 --> 00:00:36,080 Speaker 1: hydro dam. BHP jumped two point three percent, while Reo 12 00:00:36,159 --> 00:00:38,239 Speaker 1: Tinto and four to Skew Metals were up more than 13 00:00:38,240 --> 00:00:40,880 Speaker 1: three percent. Blue Scope Steel also rose more than three percent. 14 00:00:41,080 --> 00:00:44,400 Speaker 1: Among the healthcare stocks, CSL rose three and a half percent, 15 00:00:44,680 --> 00:00:48,040 Speaker 1: while Promedicus and Resmes both outperformed by The closed course 16 00:00:48,280 --> 00:00:51,000 Speaker 1: was up just a touch to eighty six hundred and 17 00:00:51,040 --> 00:00:54,520 Speaker 1: seventy seven points. Story number two. Australia, Britain, Japan, and 18 00:00:54,560 --> 00:00:58,440 Speaker 1: twenty two other countries, including many European nations, have called 19 00:00:58,440 --> 00:01:00,960 Speaker 1: for an end to the war in Gaza. Joint statement 20 00:01:01,040 --> 00:01:04,560 Speaker 1: issued this morning it's an escalation in the Allies urgency 21 00:01:04,560 --> 00:01:07,880 Speaker 1: around what's happening in the region. The Foreign Minister's statement 22 00:01:08,000 --> 00:01:12,520 Speaker 1: says the suffering of civilians in Gaza has reached new depths. 23 00:01:12,640 --> 00:01:15,960 Speaker 1: It condemns the quote grip feeding of aid and the 24 00:01:16,000 --> 00:01:19,360 Speaker 1: inhumane killing of civilians, including children, singing to meet their 25 00:01:19,560 --> 00:01:24,080 Speaker 1: most basic needs of water and food end quote. Notably 26 00:01:24,080 --> 00:01:27,600 Speaker 1: absent from the statement is the US and Germany. Mike Huckabee, 27 00:01:27,680 --> 00:01:32,920 Speaker 1: us IS Ambassador to Israel called the joint statement disgusting. Sorry. 28 00:01:33,000 --> 00:01:35,720 Speaker 1: Number three radio ratings came out today and there was 29 00:01:35,760 --> 00:01:38,560 Speaker 1: finally some good news for Kiss FM's Kyle and Jackie 30 00:01:38,600 --> 00:01:41,680 Speaker 1: o breakfast show, with the Sydney pair rising in the 31 00:01:41,760 --> 00:01:44,920 Speaker 1: ratings in Melbourne. It's the two hundred million dollars ten 32 00:01:45,000 --> 00:01:48,760 Speaker 1: year gamble from Kiss owner Arn Media. They're doing the 33 00:01:48,760 --> 00:01:51,480 Speaker 1: same breakfast show for the Sydney and Melbourne audiences. Thus 34 00:01:51,480 --> 00:01:53,840 Speaker 1: far it hasn't paid off. Now the duo remained the 35 00:01:53,920 --> 00:01:57,320 Speaker 1: number one FM program in Sydney. In Melbourne, the good 36 00:01:57,360 --> 00:02:00,520 Speaker 1: news is their ratings rose zero point five points to 37 00:02:00,720 --> 00:02:04,800 Speaker 1: five point six percent audience share In Melbourne. Three aw's 38 00:02:04,880 --> 00:02:08,120 Speaker 1: Ross and Russell won their time slot, though their ratings fell. Overall, 39 00:02:08,160 --> 00:02:11,480 Speaker 1: three AW fell from number one station to number two, 40 00:02:11,880 --> 00:02:14,800 Speaker 1: eclips by Gold one oh four point three. In Sydney, 41 00:02:14,800 --> 00:02:17,560 Speaker 1: two GB's Ben Fordham holds the breakfast crown, though heats 42 00:02:17,600 --> 00:02:20,520 Speaker 1: ratings dropped as well. In that market, two GB had 43 00:02:20,520 --> 00:02:24,000 Speaker 1: to share the top spot with Smooth FM storing number four. 44 00:02:24,000 --> 00:02:26,880 Speaker 1: Wisse Tech Global will increase its use of artificial intelligence 45 00:02:26,919 --> 00:02:30,040 Speaker 1: as part of a broad restructure that's likely to result 46 00:02:30,040 --> 00:02:32,920 Speaker 1: in job losses. The logistics software group will introduce a 47 00:02:32,960 --> 00:02:36,760 Speaker 1: phased restructure across all parts of his business and geographies. 48 00:02:37,040 --> 00:02:39,800 Speaker 1: Wis Tech and employees about thirty five hundred people around 49 00:02:39,800 --> 00:02:42,880 Speaker 1: the world. The first phase of restructure will focus on 50 00:02:42,919 --> 00:02:46,120 Speaker 1: the product development in customer service divisions, while the Weiss 51 00:02:46,160 --> 00:02:49,400 Speaker 1: Tech Academy in Australia, India, the United States and China 52 00:02:49,440 --> 00:02:52,200 Speaker 1: will also be hit. Wis Tech's share price rose today, 53 00:02:52,200 --> 00:02:55,040 Speaker 1: though it's down four percent this year, Finally storying number 54 00:02:55,080 --> 00:02:57,280 Speaker 1: five penny of corporate news around the Place Today, Perpetual 55 00:02:57,320 --> 00:02:59,600 Speaker 1: lifted assets under management by two and a half percent 56 00:02:59,639 --> 00:03:03,160 Speaker 1: of the June quarter as market gains offset net outflows 57 00:03:03,200 --> 00:03:06,560 Speaker 1: and a currency drag. The group said it's also accelerating 58 00:03:06,600 --> 00:03:10,959 Speaker 1: plans to restructure subsidiary jo hambro Capital Management and is 59 00:03:11,000 --> 00:03:13,840 Speaker 1: in active talks over the sale of its wealth management division. 60 00:03:14,040 --> 00:03:17,680 Speaker 1: Fletcher Building confirmed its exploring potential divestment options for parts 61 00:03:17,680 --> 00:03:21,200 Speaker 1: of its construction unit. Champion Iron rallied five percent after 62 00:03:21,240 --> 00:03:24,040 Speaker 1: its signed an agreement with Nippon Steel to form a 63 00:03:24,120 --> 00:03:26,840 Speaker 1: partnership for the development of its iron ore project in 64 00:03:27,120 --> 00:03:30,000 Speaker 1: Canada and canarv And Energy will invest up to eighty 65 00:03:30,040 --> 00:03:32,560 Speaker 1: nine million dollars in Strike Energy, acquiring up to a 66 00:03:32,639 --> 00:03:35,440 Speaker 1: nineteen point nine percent stake. As if for the afternoon 67 00:03:35,440 --> 00:03:38,080 Speaker 1: report for Tuesday, the twenty second of July twenty twenty five, 68 00:03:38,120 --> 00:03:40,160 Speaker 1: make sure you follow on the podcast. We will be 69 00:03:40,200 --> 00:03:42,400 Speaker 1: back tomorrow morning with a Wednesday edition of the past 70 00:03:42,440 --> 00:03:46,000 Speaker 1: five business news by Fearing Greek. I'm Sean Elmer. Enjoy 71 00:03:46,000 --> 00:03:46,440 Speaker 1: your evening.