1 00:00:04,200 --> 00:00:07,000 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:07,040 --> 00:00:09,640 Speaker 1: for Monday, the fourteenth of April twenty twenty five. I'm 3 00:00:09,680 --> 00:00:12,600 Speaker 1: Sean Aylmer. Every afternoon, We've got the five stories that 4 00:00:12,720 --> 00:00:14,960 Speaker 1: happened today that you need to know about. Story number one. 5 00:00:15,000 --> 00:00:17,160 Speaker 1: It was a very good day in the share market, 6 00:00:17,200 --> 00:00:19,800 Speaker 1: with the SMPA six two hundred jumping one point three 7 00:00:19,840 --> 00:00:23,239 Speaker 1: percent to finish at seven seven hundred and forty nine points. 8 00:00:23,480 --> 00:00:25,159 Speaker 1: Tech stocks led the way on the back of a 9 00:00:25,160 --> 00:00:28,000 Speaker 1: strong weekend for Wall Street. The big miners did well, 10 00:00:28,040 --> 00:00:31,600 Speaker 1: as did healthcare and property stocks. BHP, forty, s Q, Medals, 11 00:00:31,600 --> 00:00:34,640 Speaker 1: and Rio all outperformed, while CSL and Goodman Group both 12 00:00:34,680 --> 00:00:37,280 Speaker 1: jumped more than two percent. The major banks did well, 13 00:00:37,400 --> 00:00:39,919 Speaker 1: aine Z, Commonwealth, and Westpac all were up around one 14 00:00:39,960 --> 00:00:42,840 Speaker 1: and a half percent. Among the tech stocks, Promdicus jumped 15 00:00:42,880 --> 00:00:46,080 Speaker 1: five percent, whilst wise Tech was up more than three percent. 16 00:00:46,360 --> 00:00:50,240 Speaker 1: The laggards included mcquarie Group, Tulstra, and Woolies, which all 17 00:00:50,360 --> 00:00:53,519 Speaker 1: ended the day lower. Storry number two New and Pharmaceuticals 18 00:00:53,560 --> 00:00:56,760 Speaker 1: share price jumped twenty one percent today after the US 19 00:00:56,800 --> 00:00:59,960 Speaker 1: Food and Drug Administration signed off on implementing a face 20 00:01:00,400 --> 00:01:04,600 Speaker 1: three clinical trial. The FDA approved the phase three trials 21 00:01:04,600 --> 00:01:07,920 Speaker 1: of nn Z two five nine to one, a drug 22 00:01:08,480 --> 00:01:12,280 Speaker 1: newerin hopes will treat children with feeling McDermot syndrome, a 23 00:01:12,319 --> 00:01:15,280 Speaker 1: rere genetic disorder that can result in medical, intellectual, and 24 00:01:15,319 --> 00:01:20,280 Speaker 1: behavioral challenges. There's no cure and treatment tends to address symptoms, 25 00:01:20,480 --> 00:01:24,080 Speaker 1: maximizing people's ability to function. Now. The neurin drug is 26 00:01:24,120 --> 00:01:28,800 Speaker 1: the first ever Phase three trial for feelin McDermot syndrome. 27 00:01:29,160 --> 00:01:31,399 Speaker 1: Storing number three. It's tough being an investor in the 28 00:01:31,400 --> 00:01:33,919 Speaker 1: big iron more ore minds at the moment not standing 29 00:01:33,920 --> 00:01:37,039 Speaker 1: a pretty good day today. It seems share prices EBB 30 00:01:37,040 --> 00:01:42,160 Speaker 1: and flow after each utterance from Washington or Beijing. Today, 31 00:01:42,440 --> 00:01:45,120 Speaker 1: the price of iron ore ros reversing a sharp slide, 32 00:01:45,120 --> 00:01:47,560 Speaker 1: which also helped BHP four Skew Metals Group in real 33 00:01:47,640 --> 00:01:49,880 Speaker 1: Tinto the price of iron oil is down about ten 34 00:01:49,960 --> 00:01:53,200 Speaker 1: percent year today. The big miners have fallen alongside it. 35 00:01:53,480 --> 00:01:56,360 Speaker 1: BHP is the most diversified of the three. Its share 36 00:01:56,360 --> 00:01:58,680 Speaker 1: price has dropped eight percent this year twenty percent of 37 00:01:58,800 --> 00:02:01,640 Speaker 1: the past twelve months. Force qu Metals Group is heavily 38 00:02:01,680 --> 00:02:04,560 Speaker 1: tied to iron or. Its share prices off sixteen percent 39 00:02:04,640 --> 00:02:07,520 Speaker 1: this year forty percent over the past twelve months. In 40 00:02:07,640 --> 00:02:09,519 Speaker 1: Rio Tinto, which is in the middle of a debate 41 00:02:09,600 --> 00:02:12,919 Speaker 1: over relocating its full listing to the ASEX, something that's 42 00:02:12,919 --> 00:02:16,280 Speaker 1: probably unlikely to happen, it's done best, though it's still 43 00:02:16,320 --> 00:02:19,560 Speaker 1: down six percent year to date and thirteen percent over 44 00:02:19,600 --> 00:02:21,600 Speaker 1: the last year. The falls, of course, were on the 45 00:02:21,639 --> 00:02:23,919 Speaker 1: back of fears about a slow down in China flowing 46 00:02:23,919 --> 00:02:27,680 Speaker 1: from tariffs imposed by the US. Straight Number four Bluescope 47 00:02:27,720 --> 00:02:31,720 Speaker 1: Steels specialist team advising the administrators of the Wala Steel 48 00:02:31,720 --> 00:02:34,600 Speaker 1: Works say the plant needs about one hundred and eighty 49 00:02:34,600 --> 00:02:37,440 Speaker 1: million dollars to be spent on repairs and maintenance for 50 00:02:37,560 --> 00:02:41,720 Speaker 1: operations to continue. The analysis represents a significant blow to 51 00:02:41,800 --> 00:02:44,720 Speaker 1: courtermentha's plans to sell the steel works, which it has 52 00:02:44,800 --> 00:02:47,680 Speaker 1: run since February when the South Australian government sees control 53 00:02:47,720 --> 00:02:51,440 Speaker 1: from British Industrial san Jeev Gupta. According to the fin Review, 54 00:02:51,919 --> 00:02:54,959 Speaker 1: blue Scope is the country's largest steel making company and 55 00:02:55,040 --> 00:02:57,120 Speaker 1: runs the Port Kembler plant in New South Wales. It's 56 00:02:57,120 --> 00:03:00,440 Speaker 1: been acting as a technical advisor. The Bluescope advisory experts 57 00:03:00,480 --> 00:03:02,720 Speaker 1: have compiled a list of about two hundred items that 58 00:03:02,800 --> 00:03:06,440 Speaker 1: need repairs and maintenance, with the combined cost estimated at 59 00:03:06,480 --> 00:03:09,239 Speaker 1: one hundred and eighty million dollars at the plan, which 60 00:03:09,240 --> 00:03:12,000 Speaker 1: has been staffed of capital investment after seven years of 61 00:03:12,040 --> 00:03:16,079 Speaker 1: ownership by Gupta and his GfG Alliance business. And finally, 62 00:03:16,120 --> 00:03:19,120 Speaker 1: story number five, China's government says the US's decision to 63 00:03:19,160 --> 00:03:23,440 Speaker 1: exempt certain consumer electronics from so called reciprocal tariffs is 64 00:03:23,480 --> 00:03:27,200 Speaker 1: a small step towards rectifying its wrongdoings and urged Washington 65 00:03:27,240 --> 00:03:30,600 Speaker 1: to do more to evoke the levies. US President Donald 66 00:03:30,600 --> 00:03:34,200 Speaker 1: Trump's administration excluded smartphones, computers, and other electronics from the 67 00:03:34,240 --> 00:03:37,800 Speaker 1: increased import duties over the weekend. Now, the Chinese Ministry 68 00:03:37,800 --> 00:03:41,000 Speaker 1: of Commerce posted on its official we Chat account, I 69 00:03:41,120 --> 00:03:44,000 Speaker 1: quote this is a small step by the US toward 70 00:03:44,200 --> 00:03:51,680 Speaker 1: correcting its wrongful action of unilateral reciprocal tariffs. Subsequently, Donald Trump, well, 71 00:03:51,720 --> 00:03:55,160 Speaker 1: he responded, no surprises there. He said, the no tariff 72 00:03:55,200 --> 00:03:58,880 Speaker 1: decision is temporary and in the President's words on truth 73 00:03:59,000 --> 00:04:04,200 Speaker 1: social I quote nobody capital letters, nobody is getting off 74 00:04:04,200 --> 00:04:06,360 Speaker 1: the hook. He went on to say, the products are 75 00:04:06,480 --> 00:04:10,120 Speaker 1: just moving to a different tariff bucket and the administration 76 00:04:10,240 --> 00:04:12,680 Speaker 1: will be taking a look at Semiconductors and the whole 77 00:04:12,720 --> 00:04:16,520 Speaker 1: electronics supply chain. That's it for the afternoon report for Monday, 78 00:04:16,520 --> 00:04:18,480 Speaker 1: the four nighth of April twenty twenty five. Make sure 79 00:04:18,480 --> 00:04:21,000 Speaker 1: you follow on the podcast. We'll be back tomorrow morning 80 00:04:21,000 --> 00:04:23,320 Speaker 1: with the Tuesday edition of the past five Business News 81 00:04:23,400 --> 00:04:26,320 Speaker 1: by Fire and Greek. I'm Sean Elmer and Joey Read 82 00:04:26,360 --> 00:04:26,560 Speaker 1: Nick