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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Friday, the twenty fourth of January twenty twenty five.

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Speaker 1: I'm Sean Aylmer. Every afternoon, we've got the five stories

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

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Speaker 1: number one. The smp ASX two hundred rows almost half

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Speaker 1: a percent today to close that eighty four hundred and

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Speaker 1: nine points. It was up just over one percent for

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Speaker 1: the week. It was a retailers doing best today. Premiere Investment,

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Speaker 1: which yes they got approval to sell most of its

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Speaker 1: brands to Meyer, jumped more than six percent. West Farmers

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Speaker 1: rose more than three percent and was easily the best

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Speaker 1: of the large caps that came after an upgrade from

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Speaker 1: Investment Bent, Goldman, Sacks, and Harvey Norman rose around two

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Speaker 1: and a half percent. The energy stocks were among the

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Speaker 1: worst performers, with Woodside down two percent more. In all

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Speaker 1: bit of a lacklustered day ahead of the long weekend.

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Speaker 1: The banks were mixed, the big miners were flat to positive,

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Speaker 1: and Telstra was down to touch. Story number two. Anthony

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Speaker 1: Alberizi spoke at the National Press Club today, expanding on

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Speaker 1: a number of subjects, not the least being Donald Trump.

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Speaker 1: When asked about the US president's decision to again exit

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Speaker 1: the Paris Climate Agreement, Miss Albernesi said Australia won't follow

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Speaker 1: The decision in the US provides an opportunity for Australia,

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Speaker 1: he said, and could boost job prospects in the transition

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Speaker 1: to renewable energy industries. The Prime Minister agreed to holding

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Speaker 1: election debates before the next pole do in before the

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Speaker 1: middle of May. Missterra Albernesi said there'll be no referendums

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Speaker 1: if Labour's re elected, and he defended the party's record

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Speaker 1: on anti Semitism. He said the government has made the

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Speaker 1: right decisions in responses to the October seven Hamas terror

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Speaker 1: attacks on Israel, including calling out hate crimes and anti

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Speaker 1: semitism at home and Miss Albernzi said he believes the

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Speaker 1: worst of the international economic challenges are behind Australia, but

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Speaker 1: he recognizes things are still hard for average families around

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Speaker 1: the country. Start number three. More than one thousand ground

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Speaker 1: handlers are striking at key airports across the country today,

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Speaker 1: threatening to delay flights ahead of long weekend. The Transport

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Speaker 1: workers Unions said workers stopped work for four hours at Sydney,

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Speaker 1: Melbourne and Brisbane airports this morning as part of a

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Speaker 1: year long dispute with major airport contract at Donata over

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Speaker 1: pay and conditions. A Quantas spokesman said it had contingency

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Speaker 1: plans in place. Danata only services Quantus's international fights, not

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Speaker 1: the domestic ones. The TWU National Secretary Michael Kaine said

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Speaker 1: Donata was one of the main recipients of Quantus's cost

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Speaker 1: cunning ground handling contracts after the airline illegally retrenched eighteen

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Speaker 1: hundred workers. The TWU had struck an in principal deal

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Speaker 1: with Janata last month, involving an eleven percent pay rise

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Speaker 1: over two years, averting strike action over Christmas. However, the

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Speaker 1: union said that the deal was ultimately not what was

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Speaker 1: promised when they saw the details. A Danata spokeswoman said

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Speaker 1: it was deeply disappointed that the Transport Workers' Union had

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Speaker 1: chosen to withdraw from the in principal agreement. Stronumer four

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Speaker 1: Rio Tinto has warned that first quarter iron ore shipments

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Speaker 1: from Western Australia's Pilbrio region will be lower than expected

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Speaker 1: after a cyclone dropped a month's worth of rain in

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Speaker 1: just twenty four hours and flooded its port infrastructure. A

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Speaker 1: railcar dumper that offloads iron ore from trains to port

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Speaker 1: operations has been put out of action for a month

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Speaker 1: after tropical Cyclone Sean in undated Kratha with two hundred

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Speaker 1: and seventy four millimeters of rain earlier in the week.

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Speaker 1: The miner worn that the closure would affect its first

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Speaker 1: quarter iron ore output, but reiterated its full year guidance

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Speaker 1: of shipping between three twenty three million and three thirty

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Speaker 1: eight million tons is unchanged and story number five. US

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Speaker 1: President Donald Trump wants to meet Russian President Vladimir Putin

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Speaker 1: as soon as possible to secure an end to the

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Speaker 1: war with Ukraine. He's also expressed a desire to work

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Speaker 1: towards cutting nuclear arms. In the run up to eas

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Speaker 1: November five election victory, Trump declared many times that he

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Speaker 1: would have a deal in place between Ukraine and Russia

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Speaker 1: on his first day in office, if not before. His

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Speaker 1: advisers now concede the war will take months to resolve.

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Speaker 1: Trump told the World Economic Forum in Davos via video

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Speaker 1: link that he's unsure that the US should be spending

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Speaker 1: anything on NATO, and he pledged precious out of Arabia

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Speaker 1: and other oil producing countries to bring down the cost

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Speaker 1: of oil, saying it would drive down inflation. Meanwhile, a

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Speaker 1: federal judge in the US has temporarily blocked Donald Trump's

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Speaker 1: administration from implementing the Republican President's executive order curtailing the

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Speaker 1: right of automatic birthright citizenship in the United States, calling

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Speaker 1: it blatantly unconstitutional. That's it for the Afternoon Report for Friday,

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Speaker 1: the twenty fourth of January twenty twenty five. Make sure

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Speaker 1: you hit follow on the podcast. We'll be back tomorrow

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Speaker 1: morning with a weekend edition of Fearing Greek business News.

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Speaker 1: I'm Sean Elmer. Unto your weekend