1 00:00:04,160 --> 00:00:06,880 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,920 --> 00:00:09,520 Speaker 1: for Tuesday, the fifteenth of April twenty twenty five. I'm 3 00:00:09,520 --> 00:00:12,480 Speaker 1: Sean Aylmer. Every afternoon, We've got the five stories that 4 00:00:12,600 --> 00:00:14,720 Speaker 1: happened today that you need to know about. Story number 5 00:00:14,760 --> 00:00:17,880 Speaker 1: one was almost a normal day on the share market today. 6 00:00:18,040 --> 00:00:20,840 Speaker 1: A lack of tweets from Donald Trump helped things along. 7 00:00:21,160 --> 00:00:23,560 Speaker 1: He wasn't totally quiet. He did say he's looking at 8 00:00:23,600 --> 00:00:27,440 Speaker 1: temporary exemptions to his tariffs on imported vehicles to allow 9 00:00:27,560 --> 00:00:31,160 Speaker 1: US manufacturers time to set up facilities. The SMPA SX 10 00:00:31,200 --> 00:00:34,720 Speaker 1: two hundred closed up zero point two percent today to 11 00:00:34,760 --> 00:00:38,360 Speaker 1: seven seven hundred and sixty two points. Healthcare stocks did best, 12 00:00:38,440 --> 00:00:43,279 Speaker 1: while consumer staples, technology, and property companies underperformed. Sesel led 13 00:00:43,280 --> 00:00:46,320 Speaker 1: the way, rising two point three percent, while QBE Insurance 14 00:00:46,479 --> 00:00:49,360 Speaker 1: rose nearly two percent. The big banks were high, as 15 00:00:49,360 --> 00:00:52,839 Speaker 1: were the big miners, Aristocrat, Leisure, Woollies, and Ria. They 16 00:00:52,920 --> 00:00:56,920 Speaker 1: are all lover. Story number two. Housing has taken center 17 00:00:57,000 --> 00:01:00,440 Speaker 1: stage in the election campaign, with both leader's campaign on 18 00:01:00,480 --> 00:01:04,320 Speaker 1: the issue. Today, economists are in broad agreement that both 19 00:01:04,360 --> 00:01:07,240 Speaker 1: a five percent deposit for first home buyers as the 20 00:01:07,319 --> 00:01:11,280 Speaker 1: government's proposing and tax deductibility of mortgage payments for first 21 00:01:11,280 --> 00:01:14,720 Speaker 1: home buyers as a coalition is recommending we'll both push 22 00:01:14,800 --> 00:01:18,319 Speaker 1: up the price of homes. Opposition leader Peter Dunton said 23 00:01:18,800 --> 00:01:22,240 Speaker 1: his party is not shying away from nuclear power. Prime 24 00:01:22,280 --> 00:01:25,240 Speaker 1: Minister Anthony Albion and Easy Today was pushing Labour's healthcare 25 00:01:25,319 --> 00:01:29,319 Speaker 1: credentials and admitted on May four, the day after the election, 26 00:01:29,400 --> 00:01:32,679 Speaker 1: when all those he'll be watching Star Wars. If you're 27 00:01:32,680 --> 00:01:35,839 Speaker 1: not sure, why may the fourth be with you? Story 28 00:01:35,920 --> 00:01:39,000 Speaker 1: number three in corporate news. Perpetual fell two percent today 29 00:01:39,040 --> 00:01:41,720 Speaker 1: after it said net outflows during the last quarter increased 30 00:01:41,840 --> 00:01:45,280 Speaker 1: to nearly nine billion dollars and Bellevue Goals share price 31 00:01:45,319 --> 00:01:48,000 Speaker 1: tumble twenty one percent, the worst of the top two hundred, 32 00:01:48,200 --> 00:01:50,800 Speaker 1: after it found buyers for a one hundred and fifty 33 00:01:50,800 --> 00:01:54,040 Speaker 1: seven million dollar placement intended to fund the closure of 34 00:01:54,080 --> 00:01:57,520 Speaker 1: hedge contracts. The stock has been suspended for three weeks. 35 00:01:57,560 --> 00:02:00,160 Speaker 1: First day of trading today not a good one. Sorry. 36 00:02:00,240 --> 00:02:02,240 Speaker 1: Number four. There's a bit going on in global markets. 37 00:02:02,280 --> 00:02:05,560 Speaker 1: The price of oil is up slightly but still trading 38 00:02:05,600 --> 00:02:08,040 Speaker 1: around multi year low's. It means petrol prices at the 39 00:02:08,040 --> 00:02:10,840 Speaker 1: moment are pretty good in the one dollar sixty five 40 00:02:10,960 --> 00:02:14,160 Speaker 1: letter range. Iron ore prices had been falling, but in 41 00:02:14,160 --> 00:02:17,240 Speaker 1: the past couple of sessions they've risen to be trading 42 00:02:17,320 --> 00:02:19,519 Speaker 1: around ninety eight US dollars a ton. The Aussie dollar. 43 00:02:19,600 --> 00:02:21,840 Speaker 1: It's doing well, trading around sixty four U s ands 44 00:02:21,880 --> 00:02:25,520 Speaker 1: and cryptos remember them. Bitcoin's trading around eighty six thousand 45 00:02:25,560 --> 00:02:28,800 Speaker 1: US dollars a unit. For the past six weeks, Bitcoin 46 00:02:28,880 --> 00:02:31,360 Speaker 1: has been in that eighty thousand to eighty five thousand 47 00:02:31,480 --> 00:02:35,120 Speaker 1: US dollar range. And finally, story number five, Sales at 48 00:02:35,120 --> 00:02:39,480 Speaker 1: the world's biggest luxury brand, LVMH fell more than expected 49 00:02:39,600 --> 00:02:42,880 Speaker 1: during the March quarter, highlighting the tough time luxury goods 50 00:02:42,880 --> 00:02:47,280 Speaker 1: companies are having organic Sales in LVMH's fashion and leather 51 00:02:47,360 --> 00:02:51,000 Speaker 1: goods division, which includes Louis Vauton and Kristen's Dure, fell 52 00:02:51,080 --> 00:02:54,519 Speaker 1: five percent to ten billion euros in the first three 53 00:02:54,560 --> 00:02:57,400 Speaker 1: months of the year. Analysts had actually expected a small increase. 54 00:02:57,720 --> 00:03:00,640 Speaker 1: Paris listed at LVMH's the first of them major fashion 55 00:03:00,720 --> 00:03:04,280 Speaker 1: houses to report March quarter results. The two biggest luxury 56 00:03:04,280 --> 00:03:07,000 Speaker 1: markets of the US and China, there are real concerns 57 00:03:07,000 --> 00:03:10,200 Speaker 1: that the trade wark will decimate the industry. Sales in 58 00:03:10,320 --> 00:03:14,160 Speaker 1: Asia from LVMH excluding Japan were down eleven percent. In 59 00:03:14,200 --> 00:03:16,239 Speaker 1: the US are off three percent, and that's ahead of 60 00:03:16,280 --> 00:03:20,000 Speaker 1: the tariffs. Luxury goods bias can often absorb the impact 61 00:03:20,000 --> 00:03:22,280 Speaker 1: of higher prices better than other sectors of the market, 62 00:03:22,639 --> 00:03:26,240 Speaker 1: though analysts fear the current increases are too high to handle. 63 00:03:26,960 --> 00:03:29,680 Speaker 1: That's it the Afternoon Report for Tuesday, the fifteenth, April 64 00:03:29,760 --> 00:03:32,200 Speaker 1: twenty twenty five. Make sure you hit follow on the podcast. 65 00:03:32,520 --> 00:03:35,280 Speaker 1: We'll be back tomorrow morning with a Wednesday edition of 66 00:03:35,320 --> 00:03:38,160 Speaker 1: the Fast five Business News five. If you ingreed, I'm 67 00:03:38,160 --> 00:03:40,000 Speaker 1: Sean Elma. Enjoy your evening.