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Speaker 1: Welcome to the Fear and Green Business News Afternoon Report

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Speaker 1: for Friday, the twenty fourth of January twenty twenty five.

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Speaker 1: I'm Sean Aylmer. Every afternoon, we've got the five stories

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Speaker 1: that happened today that you need to know about. Story

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Speaker 1: number one. The SMPASX two hundred rose almost half a

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Speaker 1: percent today to close at eighty four hundred and nine points.

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Speaker 1: It was up just over one percent for the week.

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Speaker 1: It was a retailers doing best today. Premier Investment, which

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Speaker 1: yes they got approval to sell most of its brands

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Speaker 1: to Meyer, jumped more than six percent. West Farmers rose

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Speaker 1: more than three percent and was easily the best of

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Speaker 1: the large caps that came after an upgrade from Investment Bent, Goldman, Sacks,

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Speaker 1: and Harvey Norman rose around two and a half percent.

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Speaker 1: The energy stocks were among the worst performers, with Woodside

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Speaker 1: down two percent more than all bit of a lacklustered

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Speaker 1: day ahead of the long weekend. The banks were mixed,

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Speaker 1: the big miners were flat to positive, and Telstra was

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Speaker 1: down to touch. Story number two. Anthony Alberizi spoke at

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Speaker 1: the National Press Club today, expanding on a number of subjects,

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Speaker 1: not the least being Donald Trump. When asked about the

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Speaker 1: US president's decision to again exit the Paris Climate Agreement,

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Speaker 1: Miss Albernesi said Australia won't follow The decision in the

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Speaker 1: US provides an opportunity for Australia, he said, and could

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Speaker 1: boost job prospects in the transition to renewable energy industries.

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Speaker 1: The Prime Minister agreed to holding election debates before the

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Speaker 1: next pole do in before the middle of May. Missra

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Speaker 1: Alberzi said there'll be no referendums if Labour's re elected,

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Speaker 1: and he defended the party's record on anti Semitism. He

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Speaker 1: said the government has made the right decisions in responses

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Speaker 1: to the October seven Hamas terror attacks on Israel, including

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Speaker 1: calling out hate crimes and antisemitism at home and Miss

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Speaker 1: Albernesi said he believes the worst of the international economic

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Speaker 1: challenges are behind Australia, but he recognizes things are still

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Speaker 1: hard for average families around the country. Star at number three.

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Speaker 1: More than one thousand ground handlers are striking at key

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Speaker 1: airports across the country today, threatening to delay flights ahead

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Speaker 1: of long weekend. The Transport Workers Union said workers stop

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Speaker 1: work for four hours at Sydney Melbourne Brisbane Airports this

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Speaker 1: morning as part of a year long dispute with major

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Speaker 1: airport contract at Donata over pay and conditions. A Quantas

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Speaker 1: spokesman said it had contingency plans in place. Danata only

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Speaker 1: services Quantus's international fights, not the domestic ones. The TWU

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Speaker 1: National Secretary Michael Kaine said Donata was one of the

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Speaker 1: main recipients of Quantus's cost cutting ground handling contracts after

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Speaker 1: the airline illegally retrenched eighteen hundred workers. The TWU had

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Speaker 1: struck an in principal deal with Danata last month, involving

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Speaker 1: an eleven percent pay rise over two years, averting strike

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Speaker 1: action over Christmas. However, the union said that the deal

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Speaker 1: was ultimately not what was promised when they saw the details.

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Speaker 1: A Danata spokeswoman said it was deeply disappointed that the

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Speaker 1: Transport Workers Union had chosen to withdraw from the in

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Speaker 1: principal agreement. Stronumer four Rio Tinto has warned that first

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Speaker 1: quarter iron ore shipments from Western Australia's Pilbri region will

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Speaker 1: be lower than expected after a cyclone dropped a month's

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Speaker 1: worth of rain in just twenty four hours and flooded

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Speaker 1: its port infrastructure. A railcar dumper that offloads iron ore

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Speaker 1: from trains to port operations has been put out of

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Speaker 1: action for a month after tropical Cyclone Sean in undated

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Speaker 1: Kratha with two hundred and seventy four millimeters of rain

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Speaker 1: earlier in the week. The miner warned that the closure

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Speaker 1: would affect its first quarter iron ore output, but reiterated

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Speaker 1: its full year guidance of shipping between three twenty three

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Speaker 1: million and three thirty eight million tons is unchanged and

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Speaker 1: story number five. US President Donald Trump wants to meet

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Speaker 1: Russian President Vladimir Putin as soon as possible to secure

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Speaker 1: an end to the war with Ukraine. He's also expressed

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Speaker 1: a desire to work towards cutting nuclear arms. In the

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Speaker 1: run up to his November five election victory, Trump declared

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Speaker 1: many times that he would have a deal in place

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Speaker 1: between Ukraine and Russia on his first day in office,

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Speaker 1: if not before. His advisors now concede the war will

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Speaker 1: take months to resolve. Trump told the World Economic Forum

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Speaker 1: in Davos fire video link that he's unsure that the

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Speaker 1: US should be spending anything on NATO, and he pledged

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Speaker 1: precious outdi Arabia and other oil producing countries to bring

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Speaker 1: down the cost of oil, saying it would drive down inflation. Meanwhile,

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Speaker 1: a federal judge in the US has temporarily blocked Donald

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Speaker 1: Trump's administration from implementing the Republican President's executive order kurtailing

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Speaker 1: the right of automatic birthright citizenship in the United States,

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Speaker 1: calling it blatantly unconstitutional. That's it for the Afternoon Report

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Speaker 1: for Friday, the twenty fourth of January twenty twenty five.

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Speaker 1: Make sure you hit follow on the podcast. We'll be

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Speaker 1: back tomorrow morning with a weekend edition of Fear and

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Speaker 1: Read Business News. I'm Sean Elmer. I'm enjoy your weekend