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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 twenty fourth of April twenty twenty five.

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Speaker 1: I'm Sean Almer. Every afternoon, We've got the fire stories

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

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Speaker 1: and one. There s and PA six two hundred held

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Speaker 1: on to its gains of yesterday to close up another

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Speaker 1: zero point six percent two seven nine hundred and sixty

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Speaker 1: eight points. The uranium stocks Palette and Energy Deep Yellow

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Speaker 1: Boss Energy were among the best performers, while the energy

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Speaker 1: companies were among the worst. Woodside fell two percent. For example.

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Speaker 1: Among the sub indsease, healthcare and material stocks did best.

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Speaker 1: Among the individual large caps, Westpac Ain's, ed, mcquarie Group

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Speaker 1: and round Tinto We're all up around one percent, while

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Speaker 1: wise Tech Global jumped three percent. For the three trading

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Speaker 1: days this week, the Boss is up more than two percent,

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Speaker 1: about two point two percent, the best weekly gain of

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Speaker 1: the year. Story number two. Opposition leader Peter Dunton has

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Speaker 1: considered he will repeal Labour's electric vehicle tax break if elected.

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Speaker 1: Labor introduced an exemption from fringe at benefits tax when

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Speaker 1: a person an EV worth less than ninety one thousand

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Speaker 1: dollars through an ovated lease, which is where an employer

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Speaker 1: makes payments through pre tax salary deductions. Now, the FBT exemption,

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Speaker 1: which the coalition voted against in Parliament, can save a

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Speaker 1: vehicle's owner tens of thousands dollars over several years, been

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Speaker 1: far more popular than Treasury forecast, and mister Dutton says

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Speaker 1: that he actually will drop that break if elected. Meanwhile,

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Speaker 1: the Albanezi government says it will use a critical minerals

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Speaker 1: reserve as leverage with the Trump administration over tariffs, as

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Speaker 1: the mining industry warns that establishing the stockpole could push

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Speaker 1: down commodity prices. Otherwise, in politics, the leaders of the

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Speaker 1: party's criss crossed the country today from Tasmania and Peter

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Speaker 1: Dutton's case to Western Australia and Anthony Alberaneesi's case as

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Speaker 1: a frantically fight to pick up votes. Exit polls from

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Speaker 1: early voting outlets suggest to swing towards the government, though

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Speaker 1: there's a long way to go. Story Number three. Sleep

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Speaker 1: device maker RESMD says it has received an exemption from

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Speaker 1: Donald Trump's trade tariff, sending its share price up eight percent.

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Speaker 1: It means it's exports from manufacturing hubs in Australia and

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Speaker 1: Singapore will dodge the trade war. Chief executive Mick Farrell

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Speaker 1: conceded that nothing was certain under the current US administration

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Speaker 1: and the company's doubling its US manufacturing footprint with a

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Speaker 1: new plant in California. It's also outlined a slightly disappointing

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Speaker 1: earnings result, but overall it seems like positive news for

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Speaker 1: resned Story number four. In other corporate news around the

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Speaker 1: Place today, PWR Holding shares fell after the company notified

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Speaker 1: investors its founder Keys Wheel was taking temporary medical leave

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Speaker 1: to seek treatment. Generation Development tumbled despite reporting a rise

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Speaker 1: in assets under management across all investment divisions in its

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Speaker 1: first quarter as an ASX two hundred listed company. Linhoann

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Speaker 1: Resources was higher after reporting an increase in revenues, and

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Speaker 1: gold miner Neumont, which owns a former ASEX listed New Crest,

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Speaker 1: says gold production was down nineteen percent in March quarter

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Speaker 1: due to planned outages in North American minds. Finally, story

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Speaker 1: number five is a good Night on Wall Streem. The

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Speaker 1: US equity surged on the back of reports from The

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Speaker 1: Wall Street Journal and Houters that the Trump administration will

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Speaker 1: look at luring tariffs on imported Chinese goods pending talks

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Speaker 1: with Beijing. A senior White House official said the levies

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Speaker 1: were likely to come down to between fifty and sixty

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Speaker 1: five percent. There's also a bunch of positive earnings results out,

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Speaker 1: with the broad based SMP five hundred touching a two

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Speaker 1: week high. The tech heavy Nasdaq rows two and a

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Speaker 1: half percent, including a six percent jump in Tesla's share price,

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Speaker 1: following chief executive On Musk's pledge to dedicate more time

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Speaker 1: to the car maker. One stock together. The other way

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Speaker 1: was Microsoft. While first quarter sales were up at touch

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Speaker 1: and profit, it seated expectations, fears about tariffs and US

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Speaker 1: government costs cuts hit the stock. That's it for the

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Speaker 1: afternoon report for Thursday, the twenty fourth of April twenty

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Speaker 1: twenty five. Make sure you hit the follow on the podcast.

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Speaker 1: We will be back tomorrow morning with a Friday Anzac

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Speaker 1: Day edition of The Fast Five Business Years by Fear

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Speaker 1: and Greed. I'm Seane Elmer. I'm enjoy your evening