1 00:00:03,200 --> 00:00:05,880 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:05,880 --> 00:00:08,440 Speaker 1: for Monday, the third of March twenty twenty five. I'm 3 00:00:08,440 --> 00:00:11,520 Speaker 1: Sean Almer. Every afternoon, we've got the five stories that 4 00:00:11,640 --> 00:00:13,760 Speaker 1: happened today that you need to know about. Stro Number one, 5 00:00:13,840 --> 00:00:16,759 Speaker 1: the SMPASX two hundred closed up nearly a percent to 6 00:00:16,880 --> 00:00:20,200 Speaker 1: eighty two hundred and forty six points today. It was 7 00:00:20,239 --> 00:00:23,560 Speaker 1: a very strong day, with all eleven sub indices higher, 8 00:00:23,680 --> 00:00:27,280 Speaker 1: led by the energy and tech sectors. In fact, eighteen 9 00:00:27,400 --> 00:00:29,880 Speaker 1: ten stocks ended high. It was a bit of day 10 00:00:29,880 --> 00:00:32,400 Speaker 1: for minors after losses on Friday in the back of 11 00:00:32,479 --> 00:00:36,199 Speaker 1: Donald Trump's comments about tariffs. BHP jumped one and a 12 00:00:36,200 --> 00:00:38,000 Speaker 1: half percent a day four. S QW Metals was up 13 00:00:38,000 --> 00:00:41,000 Speaker 1: about the same. Rio rose more than three percent. Goodmin 14 00:00:41,040 --> 00:00:44,080 Speaker 1: Group rebounded somewhat, up nearly two percent. Tech stocks also 15 00:00:44,120 --> 00:00:47,320 Speaker 1: did well. Telstra rose nearly two percent, while Woodside was 16 00:00:47,360 --> 00:00:49,640 Speaker 1: up two point three percent. Not a lot of corporate 17 00:00:49,640 --> 00:00:52,240 Speaker 1: news around. You wouldn't expect it, given that profit season 18 00:00:52,360 --> 00:00:58,080 Speaker 1: ended last week. However, in RW Holdings, shares tumbled ten percent, 19 00:00:58,400 --> 00:01:01,480 Speaker 1: despite its attempt to reassure investors that it would recoup 20 00:01:01,520 --> 00:01:04,319 Speaker 1: the one hundred and thirteen million dollars owed from the 21 00:01:04,319 --> 00:01:08,080 Speaker 1: collapse of the Wyala steel Works. Story number two. Queensland 22 00:01:08,200 --> 00:01:11,960 Speaker 1: Premier David chris a Fully says the threat of tropical 23 00:01:12,040 --> 00:01:15,360 Speaker 1: Cyclone Alfred hitting the state's coast in the populated southeast 24 00:01:15,640 --> 00:01:19,119 Speaker 1: has increased and he's urged residents to be vigilant about 25 00:01:19,200 --> 00:01:22,959 Speaker 1: monitoring warnings. A tropical cyclone hasn't hit Brisbane for more 26 00:01:23,000 --> 00:01:26,080 Speaker 1: than fifty years. Chris of Fully said the storm system 27 00:01:26,160 --> 00:01:30,160 Speaker 1: had de escalated to a Category one, but it's expected 28 00:01:30,200 --> 00:01:32,720 Speaker 1: to once again become a category two system when it 29 00:01:32,760 --> 00:01:36,280 Speaker 1: approaches land. Areas in the Sunshine Coast and Morton Bay 30 00:01:36,280 --> 00:01:38,680 Speaker 1: have been worn to expect the worst of the conditions 31 00:01:39,080 --> 00:01:42,319 Speaker 1: as we record about four four thirty on Monday, the 32 00:01:42,400 --> 00:01:46,399 Speaker 1: cyclone is about four hundred and fifty kilometers east of Brisbane, 33 00:01:46,680 --> 00:01:49,480 Speaker 1: where it's producing swells of up to fifteen meters, with 34 00:01:49,600 --> 00:01:52,520 Speaker 1: waves closer to the coast of more than four meters. 35 00:01:53,080 --> 00:01:55,840 Speaker 1: Story number three. In politics, the crisis between the US 36 00:01:55,880 --> 00:01:59,960 Speaker 1: and Ukraine is dominating local discussions. Prime Minister Anthony Alberanezi 37 00:02:00,120 --> 00:02:02,960 Speaker 1: says Australian support for Ukraine is an issue of doing 38 00:02:03,000 --> 00:02:07,480 Speaker 1: what's right, but also what's in Australia's national interest. Opposition 39 00:02:07,560 --> 00:02:10,480 Speaker 1: leader Peter Dutton says he's disappointed by the way Ukrainian 40 00:02:10,520 --> 00:02:14,200 Speaker 1: President Vladimir Zelenski was treated by US President Donald Trump 41 00:02:14,200 --> 00:02:18,040 Speaker 1: and Vice President JD Vans over the weekend. In Dutton's case, 42 00:02:18,160 --> 00:02:22,040 Speaker 1: it marked the strongest coalition review of the extraordinary confrontation 43 00:02:22,080 --> 00:02:24,560 Speaker 1: in the White House over the weekend. The Opposition leader 44 00:02:24,639 --> 00:02:28,040 Speaker 1: said it's important that European leaders are arranging a coalition 45 00:02:28,120 --> 00:02:31,440 Speaker 1: of the winning to support Ukraine. However, he says Australia 46 00:02:31,440 --> 00:02:34,880 Speaker 1: should not send troops to support that grouping if that's 47 00:02:34,919 --> 00:02:38,160 Speaker 1: to eventuate. Sorry Number four bumper sales and his prime 48 00:02:38,320 --> 00:02:42,600 Speaker 1: subscription business pushed Amazon to record local revenues of seven 49 00:02:42,639 --> 00:02:45,919 Speaker 1: point seven billion dollars last year, up around twenty percent, 50 00:02:46,240 --> 00:02:49,720 Speaker 1: helping cement its dominance in Australia's e commerce sector. In 51 00:02:49,760 --> 00:02:53,200 Speaker 1: accounts lodged with the Corporate regulator, Amazon said revenues from 52 00:02:53,200 --> 00:02:55,560 Speaker 1: its e commerce business rows twenty three percent to about 53 00:02:55,600 --> 00:02:59,120 Speaker 1: three point eight billion dollars last year. It's cloud computing division, 54 00:02:59,240 --> 00:03:03,280 Speaker 1: Amazon Website Services, recorded an eighteen percent lift in revenue 55 00:03:03,480 --> 00:03:06,399 Speaker 1: almost four billion dollars. According to the finn review, its 56 00:03:06,400 --> 00:03:09,720 Speaker 1: prime subscription program had revenues of four hundred and eighty 57 00:03:09,760 --> 00:03:13,040 Speaker 1: million dollars, up almost forty percent, according to the accounts. 58 00:03:13,320 --> 00:03:16,639 Speaker 1: The subscription service gives users access to services like same 59 00:03:16,720 --> 00:03:19,800 Speaker 1: day delivery for products purchased through the Amazon Store and 60 00:03:19,880 --> 00:03:23,480 Speaker 1: to streaming on its video platforms. The Seattle headquarter technology 61 00:03:23,560 --> 00:03:26,560 Speaker 1: giant has invested around twenty billion dollars in Australia since 62 00:03:26,560 --> 00:03:29,560 Speaker 1: it arrived in twenty eleven. And story number five, Britain 63 00:03:29,600 --> 00:03:33,840 Speaker 1: and France are leading a frantic European attempt to salvage 64 00:03:33,880 --> 00:03:36,000 Speaker 1: peace hopes in Ukraine, with the plan to end the 65 00:03:36,040 --> 00:03:39,040 Speaker 1: war that would include an initial one month truce with 66 00:03:39,200 --> 00:03:43,480 Speaker 1: Russia covering airc and infrastructure. UK Prime Minister Sir Keir 67 00:03:43,560 --> 00:03:47,160 Speaker 1: Starmer said that Europe would step in as intermediaries for 68 00:03:47,320 --> 00:03:50,400 Speaker 1: Vladimir Zelenski to try and stop the fighting. After the 69 00:03:50,480 --> 00:03:53,560 Speaker 1: Ukrainian leaders row with US President Donald Trump in the 70 00:03:54,000 --> 00:03:58,360 Speaker 1: office over the weekend, Starmer and French President Emmanuel Macron 71 00:03:58,560 --> 00:04:01,480 Speaker 1: are promoting a deal which they hope we'll see Trump 72 00:04:01,480 --> 00:04:04,360 Speaker 1: provide US cover for troops from a European coalition of 73 00:04:04,360 --> 00:04:08,360 Speaker 1: the willing deployed to secure NECs. Foreign Ukraine. Starmer said 74 00:04:08,360 --> 00:04:11,200 Speaker 1: Europe must do the heavy lifting, but the effort must 75 00:04:11,240 --> 00:04:14,320 Speaker 1: have strong US backing. A second key part of the 76 00:04:14,320 --> 00:04:18,040 Speaker 1: European plan involves Zelensky signing a proposed deal to provide 77 00:04:18,040 --> 00:04:20,120 Speaker 1: the US for a share of revenues from some of 78 00:04:20,240 --> 00:04:24,279 Speaker 1: Ukraine's mineral reserves, giving Washington an economic stake in a 79 00:04:24,320 --> 00:04:27,280 Speaker 1: peace settlement. That's it for the Afternoon Report for Monday, 80 00:04:27,320 --> 00:04:29,240 Speaker 1: the third of March twenty twenty five. Make sure you 81 00:04:29,279 --> 00:04:31,120 Speaker 1: hit follow on the podcast. We will be back tomorrow 82 00:04:31,160 --> 00:04:33,599 Speaker 1: morning with a Tuesday edition of the Fast five Business 83 00:04:33,680 --> 00:04:36,520 Speaker 1: News by Fear and Greed. I'm Sean A. Elma. Enjoy 84 00:04:36,520 --> 00:04:36,960 Speaker 1: your evening.