1 00:00:04,160 --> 00:00:06,840 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,880 --> 00:00:10,000 Speaker 1: for Tuesday the sixth May twenty twenty five. I'm Sean Aelma. 3 00:00:10,320 --> 00:00:12,680 Speaker 1: Every afternoon, we've got the five stories that happened today 4 00:00:12,680 --> 00:00:14,319 Speaker 1: that you need to know about. Stray number one. The 5 00:00:14,400 --> 00:00:18,560 Speaker 1: SMPAX two hundred closed down just a touch today to 6 00:00:18,680 --> 00:00:21,599 Speaker 1: eight one hundred and fifty one points, with healthcare stocks 7 00:00:21,680 --> 00:00:25,080 Speaker 1: leading the market lower, while energy and property companies did best. 8 00:00:25,400 --> 00:00:28,880 Speaker 1: Endeavor's share price dropped another four percent, with investors impatient 9 00:00:29,280 --> 00:00:32,760 Speaker 1: about new chief executive Jane Hurdlicker. She isn't due to 10 00:00:32,800 --> 00:00:36,520 Speaker 1: begin until January one. They want her at Endeavor sooner. 11 00:00:36,920 --> 00:00:40,280 Speaker 1: Crude oil prices picked up a touch, though it's still training. 12 00:00:40,280 --> 00:00:42,760 Speaker 1: They're still trading around four year lows. That helped Woodside 13 00:00:42,760 --> 00:00:45,680 Speaker 1: in Santos. The banks were lower. National Australian Bank reports 14 00:00:45,680 --> 00:00:48,320 Speaker 1: its half year earnings tomorrow. Story number two of them. A 15 00:00:48,400 --> 00:00:51,320 Speaker 1: Quarry Annual Conference is on, and that means about one 16 00:00:51,400 --> 00:00:55,040 Speaker 1: hundred companies from the AX are presenting updates on their performances. 17 00:00:55,400 --> 00:00:59,480 Speaker 1: Some of the highlights from today. HMC Capital fell six 18 00:00:59,480 --> 00:01:02,760 Speaker 1: percent after telling investors it was in advanced talks with 19 00:01:02,840 --> 00:01:06,200 Speaker 1: hospital Operators to take control of the eleven health Scope 20 00:01:06,280 --> 00:01:10,080 Speaker 1: hospitals it owns. Sigma Healthcare also fell sharply, down around 21 00:01:10,080 --> 00:01:12,679 Speaker 1: six and a half percent, after saying it had incurred 22 00:01:12,680 --> 00:01:15,560 Speaker 1: around forty million dollars of transaction costs related to its 23 00:01:15,560 --> 00:01:19,319 Speaker 1: merger with Chemist Warehouse. Best was tab Court, which jumped 24 00:01:19,400 --> 00:01:23,160 Speaker 1: nine percent after saying it hadn't noticed a discernible change 25 00:01:23,200 --> 00:01:26,840 Speaker 1: in consumer demand, and data center builder and Operated next 26 00:01:26,920 --> 00:01:29,560 Speaker 1: DC share price jumped eight percent after it said it 27 00:01:29,600 --> 00:01:32,840 Speaker 1: was accelerating spending on new facilities following a rush of 28 00:01:32,959 --> 00:01:37,440 Speaker 1: orders straight number three. The recriminations for the Liberal Party continue. 29 00:01:37,600 --> 00:01:40,200 Speaker 1: There's a push within the party to adopt gender quotas 30 00:01:40,240 --> 00:01:43,120 Speaker 1: to help its appeal to more voters. The Libs have 31 00:01:43,200 --> 00:01:46,160 Speaker 1: a problem appealing to women. That seems pretty clear. New 32 00:01:46,200 --> 00:01:50,120 Speaker 1: South Wales's Liberal senator Maria Kovicic today said the coalition 33 00:01:50,520 --> 00:01:54,040 Speaker 1: needs to implement gender quotas to ensure more women are elected. 34 00:01:54,320 --> 00:01:56,880 Speaker 1: The lack of female support has contributed to the Liberal 35 00:01:56,880 --> 00:01:59,840 Speaker 1: Party being on track to record its lowest primary vote 36 00:02:00,120 --> 00:02:03,279 Speaker 1: since its formation in the nineteen forties. At the moment, 37 00:02:03,440 --> 00:02:06,000 Speaker 1: it has just thirty nine seats in the one hundred 38 00:02:06,040 --> 00:02:09,799 Speaker 1: and fifty seat House of Reps, while leadership candidates Susan Lee, 39 00:02:10,280 --> 00:02:12,960 Speaker 1: Angus Taylor, and Dan Teen are weighing up their bids 40 00:02:13,000 --> 00:02:16,480 Speaker 1: to lead the parties. National Senate leader Bridget mackenzie says 41 00:02:16,480 --> 00:02:19,640 Speaker 1: the coalition, including the Nationals, need a deep, honest and 42 00:02:19,720 --> 00:02:24,600 Speaker 1: brutal examination. Story number four Logistics technology giant wise Tech 43 00:02:24,720 --> 00:02:26,760 Speaker 1: is concerned about a potential hit to profits as a 44 00:02:26,800 --> 00:02:30,240 Speaker 1: result of Donald Trump's tariffs, saying global container volumes are 45 00:02:30,240 --> 00:02:32,919 Speaker 1: set to drop this year. Wires Tech Today warned of 46 00:02:33,000 --> 00:02:37,040 Speaker 1: uncertainty in the current geopolitical landscape, macroeconomic conditions, and the 47 00:02:37,040 --> 00:02:39,840 Speaker 1: global trading environment. It's recently made a three and a 48 00:02:39,880 --> 00:02:42,480 Speaker 1: half billion dollar bid for US based e to open 49 00:02:42,520 --> 00:02:45,720 Speaker 1: an American supply chain software business. Its share price fell 50 00:02:45,840 --> 00:02:49,160 Speaker 1: three percent today, and story number five CSL says a 51 00:02:49,240 --> 00:02:53,000 Speaker 1: reluctance to get vaccinated in the US has been challenging, 52 00:02:53,440 --> 00:02:57,120 Speaker 1: but they're encouraged by an uptick and expansion in other markets, 53 00:02:57,160 --> 00:03:00,560 Speaker 1: including Germany and France. Speaking at mcquarie's annual Confort CFO 54 00:03:00,680 --> 00:03:03,400 Speaker 1: Joy Linton said that the US experienced one of the 55 00:03:03,440 --> 00:03:06,520 Speaker 1: worst flu seasons ever, which would usually result in an 56 00:03:06,560 --> 00:03:09,280 Speaker 1: increase in doctors recommending the vaccine in the following period, 57 00:03:09,720 --> 00:03:11,600 Speaker 1: but this is unlikely to happen due to the new 58 00:03:11,600 --> 00:03:15,640 Speaker 1: Republican administration's aversion to inoculations, she said. Sayah Cell has 59 00:03:15,680 --> 00:03:19,160 Speaker 1: no confidence in vaccinations picking up, which is bad for 60 00:03:19,200 --> 00:03:21,679 Speaker 1: public health. The one hundred and twenty three billion dollar 61 00:03:21,720 --> 00:03:25,440 Speaker 1: company has produced seasonal flu vaccines since the nineteen forties. 62 00:03:25,480 --> 00:03:28,840 Speaker 1: Its share price closed down three percent today. That's it 63 00:03:28,880 --> 00:03:31,119 Speaker 1: for the afternoon report for Tuesday, the sixth of May 64 00:03:31,160 --> 00:03:33,400 Speaker 1: twenty twenty five. Make sure you hit follow on the podcast. 65 00:03:33,440 --> 00:03:35,760 Speaker 1: We will be back tomorrow morning with the Wednesday edition 66 00:03:35,800 --> 00:03:38,720 Speaker 1: of the past five Business News five Veering Greed. I'm 67 00:03:38,720 --> 00:03:40,400 Speaker 1: Sean Elmer. Enjoy your reading.