1 00:00:03,600 --> 00:00:06,240 Speaker 1: Welcome to the Fear and Green Business News Afternoon Report 2 00:00:06,240 --> 00:00:08,559 Speaker 1: for Friday, the and h of July twenty twenty five. 3 00:00:08,640 --> 00:00:11,479 Speaker 1: I'm Sean Almer. Every afternoon, we've got the five stories 4 00:00:11,480 --> 00:00:14,000 Speaker 1: that happened today that you need to know about. Story 5 00:00:14,080 --> 00:00:16,360 Speaker 1: number one. The local sharemarker closed up almost one and 6 00:00:16,400 --> 00:00:18,079 Speaker 1: a half percent a day to a new high of 7 00:00:18,160 --> 00:00:21,439 Speaker 1: eighty seven hundred and fifty seven points, having peaked at 8 00:00:21,480 --> 00:00:25,080 Speaker 1: an all time high of eighty seven hundred and seventy 9 00:00:25,120 --> 00:00:28,680 Speaker 1: six point four points. Healthcare stocks jumped, as did the 10 00:00:28,680 --> 00:00:31,600 Speaker 1: big miners and tech companies. CSL led the way, rising 11 00:00:31,640 --> 00:00:35,240 Speaker 1: three point six percent, taking its weekly gain to seven percent, 12 00:00:35,600 --> 00:00:38,479 Speaker 1: while BHP was up three percent. We're on that shortly. 13 00:00:38,720 --> 00:00:41,680 Speaker 1: Among the large caps, other good performers included all the 14 00:00:41,680 --> 00:00:45,559 Speaker 1: big four banks, Woodside, Aristocrat, Leisure, Rio, Tinto, and Woolies. 15 00:00:45,880 --> 00:00:48,159 Speaker 1: For the week, the Boss was up just over two percent, 16 00:00:48,600 --> 00:00:51,720 Speaker 1: driven by hopes of lower interest rates in Australia and 17 00:00:51,760 --> 00:00:55,080 Speaker 1: new highs on Wall Street. Story number two. BHP today 18 00:00:55,120 --> 00:00:58,279 Speaker 1: reported record copper and iron ore production for the year 19 00:00:58,320 --> 00:01:02,720 Speaker 1: to June thirty. Despite the disruptions and ongoing global economic uncertainty, 20 00:01:03,080 --> 00:01:05,920 Speaker 1: the company delivered an eight percent, increasing copper output to 21 00:01:06,000 --> 00:01:08,880 Speaker 1: two million tons across the group, driven by a sixteen 22 00:01:08,920 --> 00:01:13,720 Speaker 1: percent lift at Chile Chile's Escondida and a strong quarterly 23 00:01:13,760 --> 00:01:17,640 Speaker 1: performance from copper. South Australia iron ore output also reached 24 00:01:17,640 --> 00:01:20,479 Speaker 1: a new high, with West Australian iron ore producing two 25 00:01:20,520 --> 00:01:24,560 Speaker 1: hundred and ninety million tons overcoming cyclone disruptions earlier in 26 00:01:24,600 --> 00:01:28,680 Speaker 1: the year. BHP said that global commodity demand has remained resilient, 27 00:01:28,680 --> 00:01:32,520 Speaker 1: with copper and steel supported by renewables, grid upgrades and 28 00:01:32,760 --> 00:01:36,600 Speaker 1: electric vehicle growth. BHP share price, as I mentioned, closed 29 00:01:36,640 --> 00:01:39,800 Speaker 1: up three percent. Sorry Number three treasure Jim Chalmers says 30 00:01:39,880 --> 00:01:44,240 Speaker 1: US President Donald Trump's tariffs have created some blunt conversations 31 00:01:44,520 --> 00:01:48,440 Speaker 1: among participants at the G twenty meeting, including Japan, South Africa, 32 00:01:48,520 --> 00:01:52,280 Speaker 1: Canada and Indonesia. Charmers said the global economy is entering 33 00:01:52,280 --> 00:01:56,320 Speaker 1: a period of more or less permanent uncertainty after four 34 00:01:56,440 --> 00:01:59,640 Speaker 1: large economic shocks in two decades. He said. Five Nance 35 00:01:59,640 --> 00:02:02,240 Speaker 1: minister at the G twenty meeting in South Africa broadly 36 00:02:02,280 --> 00:02:04,320 Speaker 1: agreed that the best way to deal with his permanent 37 00:02:04,440 --> 00:02:09,280 Speaker 1: uncertainty is more engagement, more collaboration, more secure supply chains, 38 00:02:09,280 --> 00:02:12,560 Speaker 1: more reliable markets and also more ambition in our own 39 00:02:12,600 --> 00:02:16,960 Speaker 1: economic policies. Sorry. Number four streaming group Netflix has reported 40 00:02:17,000 --> 00:02:19,919 Speaker 1: better than expected second quarter results and up to its 41 00:02:19,919 --> 00:02:23,000 Speaker 1: forecast for four year sales and profit margins. The second 42 00:02:23,080 --> 00:02:26,640 Speaker 1: quarter is historically slow for Netflix, according to Bloomberg, but 43 00:02:26,680 --> 00:02:30,480 Speaker 1: the company released a steady slate of popular shows, including 44 00:02:30,480 --> 00:02:32,640 Speaker 1: two of the most watched titles of the year, the 45 00:02:32,680 --> 00:02:35,720 Speaker 1: third season of Ginny and Georgia and the final season 46 00:02:35,800 --> 00:02:38,640 Speaker 1: of Squid Game. The company also been benefited from a 47 00:02:38,639 --> 00:02:41,560 Speaker 1: week US dollar. More than two thirds of its customers 48 00:02:41,600 --> 00:02:44,560 Speaker 1: live outside the US. Shares of Netflix have nearly doubled 49 00:02:44,600 --> 00:02:47,480 Speaker 1: over the past year, and the company's market value tops 50 00:02:47,520 --> 00:02:51,600 Speaker 1: five hundred billion US dollars. That means Netflix is worth 51 00:02:51,680 --> 00:02:55,520 Speaker 1: more than Walt Disney, Comcast, and Warner Brothers Discovery combined. 52 00:02:55,800 --> 00:02:58,400 Speaker 1: The second half schedule includes new seasons of the hit 53 00:02:58,440 --> 00:03:02,359 Speaker 1: show Stranger Thing, also a new season of Wednesday, as 54 00:03:02,360 --> 00:03:05,200 Speaker 1: well as movies such as Happy Gilmore, tim and Finally 55 00:03:05,280 --> 00:03:08,760 Speaker 1: Story Number five. Donald Trump is preparing to open the 56 00:03:08,960 --> 00:03:14,480 Speaker 1: nine trillion US dollar US retirement market to cryptocurrency investments, gold, 57 00:03:14,639 --> 00:03:17,280 Speaker 1: and private equity, in a move that could radically shift 58 00:03:17,320 --> 00:03:20,960 Speaker 1: the way American savings are managed. Trump is expected to 59 00:03:21,000 --> 00:03:24,280 Speaker 1: sign an executive order shortly that would open up four 60 00:03:24,280 --> 00:03:27,560 Speaker 1: oh one K plans to alternative investments beyond traditional stocks 61 00:03:27,560 --> 00:03:30,160 Speaker 1: and bonds. According to the Financial Times, in the US, 62 00:03:30,240 --> 00:03:32,600 Speaker 1: four oh one K plans are among the most popular 63 00:03:32,600 --> 00:03:36,040 Speaker 1: ways to save for retirement, allowing people to invest a 64 00:03:36,080 --> 00:03:39,200 Speaker 1: portion of their salaries in publicly traded securities tax free, 65 00:03:39,320 --> 00:03:43,000 Speaker 1: but currently virtually all such investments are housed in public 66 00:03:43,080 --> 00:03:47,040 Speaker 1: stocks and bond mutual funds, not in cryptos. That's it 67 00:03:47,040 --> 00:03:49,440 Speaker 1: for the afternoon report for Friday, the eighteenth of July 68 00:03:49,560 --> 00:03:51,720 Speaker 1: twenty twenty five. Make sure you hit follow on the podcast. 69 00:03:51,800 --> 00:03:54,000 Speaker 1: We will be back tomorrow morning with the weekend edition 70 00:03:54,040 --> 00:03:56,560 Speaker 1: I Fear and Greed Business News. I'm sure Elma enjoy 71 00:03:56,600 --> 00:03:57,080 Speaker 1: your evening.