1 00:00:04,080 --> 00:00:06,800 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,840 --> 00:00:09,600 Speaker 1: for Tuesday, the fifteenth of July twenty twenty five. I'm 3 00:00:09,600 --> 00:00:12,560 Speaker 1: Sean Aylmer. Every afternoon, we've got the five stories that 4 00:00:12,640 --> 00:00:14,920 Speaker 1: happened today that you need to know about. Strotum one. 5 00:00:15,040 --> 00:00:17,480 Speaker 1: The S and PA SX two hundred finished up zero 6 00:00:17,520 --> 00:00:21,000 Speaker 1: point seven percent today to eight thousand, six hundred and 7 00:00:21,120 --> 00:00:25,400 Speaker 1: thirty points, eclipsing the previous closing high, though it is 8 00:00:25,440 --> 00:00:27,680 Speaker 1: still shy of its all time hime. There were big 9 00:00:27,760 --> 00:00:29,360 Speaker 1: jumps in some of the tech stocks on the back 10 00:00:29,400 --> 00:00:34,000 Speaker 1: of Wall Street increases, with Life three sixty up eight percent, Wistech, Global, zero, 11 00:00:34,040 --> 00:00:37,080 Speaker 1: Technology one, and next DC all rose around two percent. 12 00:00:37,560 --> 00:00:40,840 Speaker 1: The tariff news out of the US, where Donald Trump 13 00:00:40,920 --> 00:00:45,040 Speaker 1: said he's willington gatiate with eurip helped the healthcare stocks, 14 00:00:45,040 --> 00:00:48,080 Speaker 1: with CSL rising nearly four percent. Telstra was also a 15 00:00:48,080 --> 00:00:51,879 Speaker 1: strong performer. The big banks have had a few slower sessions, 16 00:00:51,880 --> 00:00:55,560 Speaker 1: but all four and Macquarie Group were higher today. In contrast, 17 00:00:55,600 --> 00:00:58,280 Speaker 1: the big miners were lower. In corporate news, wealth management 18 00:00:58,280 --> 00:01:01,840 Speaker 1: platform Hub twenty four or jumped more than six percent 19 00:01:02,200 --> 00:01:05,199 Speaker 1: after announcing an increase in funds under management the stock 20 00:01:05,280 --> 00:01:07,800 Speaker 1: is up one hundred and twenty percent over the past year. 21 00:01:08,200 --> 00:01:10,480 Speaker 1: Story number two. The federal election held two and a 22 00:01:10,520 --> 00:01:14,600 Speaker 1: half months ago isn't quite over yet, with the unsuccessful 23 00:01:14,640 --> 00:01:18,280 Speaker 1: Liberal candidate in the seat of Bradfield and Sydney's North 24 00:01:18,680 --> 00:01:21,840 Speaker 1: asking the High Court to examine a small number of 25 00:01:22,000 --> 00:01:26,760 Speaker 1: disputed ballot papers. Tail MP Nicolot Bowl won the one 26 00:01:26,800 --> 00:01:30,160 Speaker 1: time blue ribbon Liberal seat by just twenty six votes. 27 00:01:30,440 --> 00:01:32,759 Speaker 1: She'll be sworn in as in as an MP when 28 00:01:32,760 --> 00:01:36,959 Speaker 1: Parliament sits next week. The Liberal candidate, Giselle Capterian, was 29 00:01:37,000 --> 00:01:39,800 Speaker 1: initially declared the winner by eight votes, then she lost 30 00:01:39,800 --> 00:01:42,600 Speaker 1: the recount. Capterian said she had full respect for the 31 00:01:42,600 --> 00:01:45,960 Speaker 1: Australian Electoral Commission in integrity of the process, but she's 32 00:01:46,120 --> 00:01:49,640 Speaker 1: entitled under the law to request a judge count a 33 00:01:49,680 --> 00:01:52,640 Speaker 1: small number of disputed ballot papers and that's what she's done. 34 00:01:52,760 --> 00:01:56,000 Speaker 1: Bowle says she'll seek community donations to fund her defense. 35 00:01:56,320 --> 00:01:59,400 Speaker 1: Story number three. Former Labour Prime Minister Paul Keating has 36 00:01:59,440 --> 00:02:03,480 Speaker 1: been asked to become a strategic advisor on East Asia 37 00:02:03,840 --> 00:02:08,639 Speaker 1: to Indonesian President Prabawo Subianto and joined the Advisory Board 38 00:02:08,639 --> 00:02:12,800 Speaker 1: of Indonesia's sovereign wealth fund, known as the Nantara, Prabawo 39 00:02:13,240 --> 00:02:15,560 Speaker 1: invited Keating to take on the roles, according to the 40 00:02:15,560 --> 00:02:18,960 Speaker 1: finn Review. Now Keating confirmed the invitation, but he's not commenting. 41 00:02:19,200 --> 00:02:22,600 Speaker 1: The sovereign wealth fund was launched by Prabawo in February. 42 00:02:22,800 --> 00:02:25,880 Speaker 1: It was given nine hundred billion US dollars that's about 43 00:02:25,919 --> 00:02:29,000 Speaker 1: one point four trillion osin in assets to manage, including 44 00:02:29,040 --> 00:02:32,119 Speaker 1: several state owned enterprises. It is one of the largest 45 00:02:32,160 --> 00:02:35,280 Speaker 1: sovereign wealth funds in the world and central to probaos 46 00:02:35,360 --> 00:02:38,160 Speaker 1: push to boost economic growth in Indonesia to about eight 47 00:02:38,200 --> 00:02:41,880 Speaker 1: percent per annum by twenty twenty nine. Sorry number four. 48 00:02:41,880 --> 00:02:45,640 Speaker 1: Consumer sentiment is on the rise slowly, though there are 49 00:02:45,680 --> 00:02:48,640 Speaker 1: still more pessimens than optimists out there in the economy. 50 00:02:48,919 --> 00:02:52,440 Speaker 1: The Westpac Melbourne Institute survey shows an increase in sentiment 51 00:02:52,480 --> 00:02:55,560 Speaker 1: in June, following rises in April and May. However, it 52 00:02:55,600 --> 00:02:58,680 Speaker 1: is coming off a very low base and overall pessimism 53 00:02:58,760 --> 00:03:01,520 Speaker 1: prevails the measure and the survey that's lagging most is 54 00:03:01,639 --> 00:03:04,560 Speaker 1: family finances. This a year ago, though consumers are more 55 00:03:04,639 --> 00:03:08,160 Speaker 1: upbeat about the next twelve months. Not surprisingly, wage earners 56 00:03:08,639 --> 00:03:11,000 Speaker 1: are still worse off than twenty twenty now. That's because 57 00:03:11,040 --> 00:03:13,239 Speaker 1: price levels are up about twenty percent of that time, 58 00:03:13,480 --> 00:03:16,880 Speaker 1: wages growth it's up only fifteen percent, and finally, straight 59 00:03:16,960 --> 00:03:20,120 Speaker 1: umber five. Donald Trump has threatened to impose stiff financial 60 00:03:20,160 --> 00:03:24,080 Speaker 1: penalties on Russia if it does not end hostilities with Ukraine, 61 00:03:24,560 --> 00:03:28,200 Speaker 1: even as he pledged fresh weapons supplies for Kiev. The 62 00:03:28,320 --> 00:03:31,320 Speaker 1: US President said the US will set tariffs at about 63 00:03:31,320 --> 00:03:34,440 Speaker 1: one hundred percent on Russia if there isn't a deal 64 00:03:34,520 --> 00:03:37,120 Speaker 1: to stop the war with Ukraine in fifty days. Trump 65 00:03:37,160 --> 00:03:40,520 Speaker 1: said the levies would come in the form of secondary tariffs, 66 00:03:40,560 --> 00:03:43,800 Speaker 1: without providing any details. According to Bloomberg, the US President 67 00:03:43,840 --> 00:03:45,840 Speaker 1: has used the term in the past to describe duties 68 00:03:45,840 --> 00:03:50,560 Speaker 1: imposed on countries for trading with America's adversaries, the idea 69 00:03:50,640 --> 00:03:52,560 Speaker 1: being if you trade with Russia, you'll get hit with 70 00:03:52,720 --> 00:03:55,120 Speaker 1: a tariff and that will flow through to Russia. We'll 71 00:03:55,120 --> 00:03:57,360 Speaker 1: see what happens on that one. That's if the afternoon 72 00:03:57,400 --> 00:04:00,360 Speaker 1: report for Tuesday, the fifteenth, July twenty twenty five, make 73 00:04:00,360 --> 00:04:02,920 Speaker 1: sure you follow on the podcast. We'll be back tomorrow 74 00:04:02,960 --> 00:04:05,280 Speaker 1: morning with a Wednesday edition of the past five business 75 00:04:05,320 --> 00:04:08,800 Speaker 1: years by Fear and greed. I'm sure Elma enjoy your reading.