1 00:00:03,720 --> 00:00:06,360 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,400 --> 00:00:08,760 Speaker 1: for Monday, the twenty sixth of May twenty twenty five. 3 00:00:08,840 --> 00:00:11,280 Speaker 1: I'm sure in Alma every afternoon we've got the five 4 00:00:11,320 --> 00:00:12,440 Speaker 1: stories that happened. 5 00:00:12,160 --> 00:00:14,120 Speaker 2: Today that you need to know about story and I'm one. 6 00:00:14,200 --> 00:00:17,760 Speaker 1: US President Donald Trump's back down on fifty percent tariffs 7 00:00:17,760 --> 00:00:21,560 Speaker 1: on the European Union now helped the local market today. 8 00:00:21,800 --> 00:00:24,360 Speaker 1: Donald Trump said he'd delay the deadline for the imposition 9 00:00:24,400 --> 00:00:27,600 Speaker 1: of the tariffs from next week to July nine. By 10 00:00:27,600 --> 00:00:30,480 Speaker 1: the closed, the SMPA six two hundred was flat at 11 00:00:30,480 --> 00:00:33,960 Speaker 1: eighty three hundred and sixty one points. The big movers 12 00:00:34,000 --> 00:00:37,120 Speaker 1: were the uranium stocks after Trump's pushed to loosen regulations 13 00:00:37,159 --> 00:00:40,760 Speaker 1: around nuclear power in the US. Deep Yellow jumped fourteen percent, 14 00:00:40,800 --> 00:00:44,040 Speaker 1: Paladin Energy was up nine percent, Boss Energy raise eight percent. 15 00:00:44,280 --> 00:00:47,280 Speaker 1: Why Set Global share price jump five percent after confirming 16 00:00:47,360 --> 00:00:50,440 Speaker 1: it had bought US based E two Open for three 17 00:00:50,479 --> 00:00:53,559 Speaker 1: point three billion dollars overyal Tech stocks did best and 18 00:00:53,720 --> 00:00:56,880 Speaker 1: Utility's worst. Among large caps, and zed Woodside and Rio 19 00:00:56,960 --> 00:01:00,720 Speaker 1: Tinto were underperformed. Northern Star was the best story. Number 20 00:01:00,720 --> 00:01:04,759 Speaker 1: two Australia's biggest car dealership or eagers Automotive has done 21 00:01:04,800 --> 00:01:07,680 Speaker 1: a deal to be the main retailer in Australia for 22 00:01:07,840 --> 00:01:13,160 Speaker 1: Chinese made BYD electric vehicles. BYD sells more evs in 23 00:01:13,200 --> 00:01:16,399 Speaker 1: Australia than Tesla or any other company for that matter. 24 00:01:16,800 --> 00:01:19,039 Speaker 1: It's double sales in the past year and it's now 25 00:01:19,080 --> 00:01:23,840 Speaker 1: the number ten ranked manufacturer of any vehicle type. Eagers 26 00:01:23,840 --> 00:01:27,480 Speaker 1: said the new retail agreement with BYD would begin in July. 27 00:01:27,600 --> 00:01:30,959 Speaker 1: It also said that other authorized dealers outside the Eagers 28 00:01:31,040 --> 00:01:34,440 Speaker 1: network may be appointed by BYD in the future. Eager 29 00:01:34,520 --> 00:01:37,120 Speaker 1: share prices up nearly fifty percent this year. 30 00:01:37,560 --> 00:01:41,240 Speaker 2: Story number three. The final result of the federal election poll, 31 00:01:41,880 --> 00:01:45,000 Speaker 2: which we held more than three weeks ago, hasn't been announced, 32 00:01:45,000 --> 00:01:49,080 Speaker 2: with counting continuing in New South Wales Bradfield and in 33 00:01:49,160 --> 00:01:53,520 Speaker 2: Victoria's Goldstein, the Australian Electric Commission has ordered a partial 34 00:01:53,600 --> 00:01:57,240 Speaker 2: recount in the Victorian seat of Goldstein after a full 35 00:01:57,320 --> 00:02:00,360 Speaker 2: preference count showed the Liberal Parties Tim Wilson won the 36 00:02:00,360 --> 00:02:03,400 Speaker 2: seat from Teal Independent Zoe Daniel by two hundred and 37 00:02:03,440 --> 00:02:07,360 Speaker 2: sixty votes. The AEC said the distribution of final preferences 38 00:02:07,360 --> 00:02:11,320 Speaker 2: over the weekend highlighted and I quote some discrepancies in 39 00:02:11,440 --> 00:02:14,560 Speaker 2: the fresh scrutiny for Goldstein, so they're going to have 40 00:02:14,639 --> 00:02:18,799 Speaker 2: another look. Bradfield's even closer. The final count put Liberal 41 00:02:18,800 --> 00:02:24,440 Speaker 2: candidate Giselle Capterian just eight votes ahead of Teal Nicolette Bowl. 42 00:02:24,880 --> 00:02:28,120 Speaker 2: An automatic recount is likely to take about another fortnight. 43 00:02:28,480 --> 00:02:30,520 Speaker 2: Sorry Numberfore, the Ausie dollar head a six month high 44 00:02:30,560 --> 00:02:33,320 Speaker 2: today of sixty five point twenty five US cents following 45 00:02:33,360 --> 00:02:35,679 Speaker 2: a drop in the value of the USD. Gold was 46 00:02:35,760 --> 00:02:38,360 Speaker 2: up five percent last week, but today's skipped back to 47 00:02:38,360 --> 00:02:41,000 Speaker 2: be trading around thirty three fifty US dollars an ounce. 48 00:02:41,240 --> 00:02:44,160 Speaker 2: Brent cruds worth just under sixty five US a barrel, 49 00:02:44,160 --> 00:02:47,040 Speaker 2: while Bitcoin is training almost at one hundred and ten 50 00:02:47,040 --> 00:02:49,720 Speaker 2: thousand US dollars a unit. And finally, story number five, 51 00:02:49,720 --> 00:02:53,680 Speaker 2: President Donald Trump said he is absolutely considering new sanctions 52 00:02:53,720 --> 00:02:56,880 Speaker 2: against Russia after Moscow launched a second night of deadly 53 00:02:56,880 --> 00:03:00,000 Speaker 2: missile and drone strikes across much of Ukraine. Donald try 54 00:03:00,000 --> 00:03:01,080 Speaker 2: T is clearly. 55 00:03:00,760 --> 00:03:03,920 Speaker 1: Frustrated with Russian President Vladimir Putin in the state of 56 00:03:04,080 --> 00:03:07,400 Speaker 1: talks meant to deliver a cease far in Ukraine. Trump said, 57 00:03:07,400 --> 00:03:10,200 Speaker 1: and I quote, I'm not happy with what Pertin is doing. 58 00:03:10,240 --> 00:03:12,000 Speaker 1: He's killing a lot of people, and I don't know 59 00:03:12,040 --> 00:03:14,760 Speaker 1: what the hell happened to Putin. I've known him a 60 00:03:14,800 --> 00:03:17,440 Speaker 1: long time, always gotten along with him. But he's sending 61 00:03:17,520 --> 00:03:20,120 Speaker 1: rockets into cities and killing people, and I don't like 62 00:03:20,160 --> 00:03:20,600 Speaker 1: it at all. 63 00:03:21,720 --> 00:03:22,320 Speaker 2: End quote. 64 00:03:22,639 --> 00:03:25,680 Speaker 1: Later on the Truth social media post, he said that 65 00:03:25,800 --> 00:03:31,120 Speaker 1: Putin had gone absolutely crazy Capital cra zed wy. 66 00:03:31,160 --> 00:03:31,560 Speaker 2: There you go. 67 00:03:31,919 --> 00:03:34,000 Speaker 1: That's it for the afternoon Report for Monday, the twenty 68 00:03:34,040 --> 00:03:36,000 Speaker 1: sixth of May twenty twenty five. Make sure you hit 69 00:03:36,040 --> 00:03:38,360 Speaker 1: follow on the podcast. We will be back tomorrow morning 70 00:03:38,400 --> 00:03:40,560 Speaker 1: with a Tuesday edition of Fear and Greed Business News. 71 00:03:40,560 --> 00:03:42,400 Speaker 1: I'm Sean ae Elma. Enjoy your evening.