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

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Speaker 1: for Thursday, the tenth of July twenty twenty five. I'm

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

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Speaker 1: happened today that you need to know about story and

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Speaker 1: I'm one. The SMPA six two hundred finished up zero

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Speaker 1: point six percent today to eighty five hundred and eighty

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Speaker 1: nine points. It's back training close to record levels, with

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Speaker 1: hopes of local interest rate cuts and a strong shift

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Speaker 1: on Wall Street pushing the market along. It's school holidays

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Speaker 1: across the country, so training is lighter than normal now.

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Speaker 1: In terms of sub and disease materials, industrials and real

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Speaker 1: estate did best today, while the healthcare index was worst.

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Speaker 1: Only two of the top twenty companies ended in the red,

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Speaker 1: one with CSL on the back of tariff concerns on pharmaceuticals.

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Speaker 1: The other was Sigma Healthcare. Woodside was flat, while the

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Speaker 1: other seventeen stocks rose Story number two. The Prime Minister

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Speaker 1: Anthony Alberizi was asked today about Donald Trump's plans to

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Speaker 1: introduce two hundred percent tariffs on pharmaceuticals, which would put

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Speaker 1: at risk two billion dollars worth of drug sales from

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Speaker 1: Australia into North America. Miss Albernesi said the Pharmaceutical Benefit Scheme,

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Speaker 1: which subsidizes the cost of drugs in Australia, would not

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Speaker 1: be compromised in trade talks with the US. Now, US

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Speaker 1: drug makers have a complained to the White House about

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Speaker 1: having slow access to the Australian market, saying the PBS

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Speaker 1: often subsidizes cheaper generic products over THEIRS. The fear is

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Speaker 1: that Donald Trump uses this as a reason for Australian

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Speaker 1: goods with higher tariffs, but Miss Albernesi reckons the PBS

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Speaker 1: ain't a negotiating point. Another point of contention is the

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Speaker 1: government's Media Bargaining Code, which forces big tech to pay

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Speaker 1: media companies for content. The Prime Ministers said that was

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Speaker 1: also not up for negotiation. Storing number three investigation by

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Speaker 1: anti corruption barrister Jeffrey Watson sc has found the CFMEU

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Speaker 1: in Queensland deliberately inflicted physical, sexual, emotional and economic abuse

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Speaker 1: on others, from labor politicians to public servants and rival unionists,

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Speaker 1: including women and children. The investigation accused the group's former

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Speaker 1: Queensland leadership of overseeing a regime that was violent, cruel, misogynistic,

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Speaker 1: and targeted family members as fair game. Media's reporting union sources,

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Speaker 1: saying six organizers have now been removed from their roles.

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Speaker 1: The forty five page investigation details dozens of incidents, and

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Speaker 1: Washton Watson said he fears it only scratches the surface.

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Speaker 1: He described the union violence as childish and cowardly, but

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Speaker 1: said far and away the worst hypocrisy from the CFMEMEU

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Speaker 1: relates to its treatment of women. Storry number four. In

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Speaker 1: the United States, Donald Trump has confirmed the fifty percent

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Speaker 1: tariff on US copper imports will come into effect on

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Speaker 1: one August. He's also threatened hit Brazil with tariff's of

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Speaker 1: fifty percent and accused it of attacking free speech over

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Speaker 1: the treatment of the country's former right wing president, j Baltonaro.

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Speaker 1: Trump is critical of Brazil's policies on US tech companies

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Speaker 1: as well. Now Previously, Brazil had attracted just a ten

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Speaker 1: percent tariff like Australia, now it's fifty percent. Boltonaro, a

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Speaker 1: long time Trump ally, is currently on trial in Brazil

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Speaker 1: over an alleged coup attempt against the city in government. Finally,

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Speaker 1: straight number five. One of the more remarkable stories of

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Speaker 1: the year, which admittedly has nothing to do with business,

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Speaker 1: but it's worth telling. A nineteen year old surfer who

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Speaker 1: went missing off the New South Wales North Coast has

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Speaker 1: been found alive on a remote island, eighteen hours after

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Speaker 1: he disappeared. Darcy Defaults was last seen leaving his home

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Speaker 1: on bike at Woolle yesterday at four pm to go

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Speaker 1: for a surf at Wille Beach in calm conditions. After

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Speaker 1: he failed to return home, his family contacted the police

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Speaker 1: to report him missing. Search efforts began and defaults bike

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Speaker 1: and clothes were recovered at a local spot known as

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Speaker 1: One Tree. By nightfall yesterday, he hadn't been found. The

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Speaker 1: search was called off started again this morning and at

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Speaker 1: nine am he was found alive and well on North

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Speaker 1: Solitary Island, thirteen kilometers southeast of wuly Now. North Sultree

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Speaker 1: Island is one of the largest islands off the New

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Speaker 1: South Wales Coast, approximately five hectares no significant infrastructure. Somehow

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Speaker 1: he was found. That's it for the afternoon report for Thursday,

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Speaker 1: the tenth of July twenty twenty five. Make sure he

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Speaker 1: hit follow on the podcast. We will be back tomorrow

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Speaker 1: morning with the Friday edition. Of the past five Business

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Speaker 1: news by fear and greed. I'm Sean Elmer. Enjoy your evening.