1 00:00:03,600 --> 00:00:06,160 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,200 --> 00:00:08,640 Speaker 1: for Friday, the thirteenth of June twenty twenty five. I'm 3 00:00:08,680 --> 00:00:11,719 Speaker 1: suan alma. Every afternoon, We've got the five stories that 4 00:00:11,840 --> 00:00:14,280 Speaker 1: happened today that you need to know about. Story number one. 5 00:00:14,320 --> 00:00:17,520 Speaker 1: Israeli officials say they are bracing for a response to 6 00:00:17,600 --> 00:00:21,000 Speaker 1: its wide scale attack on Iran this morning, and Prime 7 00:00:21,000 --> 00:00:24,239 Speaker 1: Minister Benjamin Nettanno, who has warned citizens they may need 8 00:00:24,280 --> 00:00:28,800 Speaker 1: to spend extended periods in bomb shelters. The officials, cited 9 00:00:28,800 --> 00:00:31,880 Speaker 1: by Reuters, said Iran's response could include the launch of 10 00:00:32,000 --> 00:00:35,559 Speaker 1: hundreds of ballistic missiles. It follows the Israeli attack this 11 00:00:35,640 --> 00:00:39,280 Speaker 1: morning that hit numerous Iranian military sites, including a major 12 00:00:39,360 --> 00:00:43,680 Speaker 1: nuclear facility, and has killed many of Iran's top military leaders. 13 00:00:44,000 --> 00:00:47,239 Speaker 1: Foreign Minister Penny Wong has said Israel's preemptive strike on 14 00:00:47,400 --> 00:00:52,120 Speaker 1: Iranian nuclear facilities risks further destabilizing a region that is 15 00:00:52,159 --> 00:00:55,280 Speaker 1: already volatile, and called on all parties to refrain from 16 00:00:55,320 --> 00:01:00,480 Speaker 1: actions and rehtoric that would further exacerbate tensions to the 17 00:01:00,520 --> 00:01:03,760 Speaker 1: attack by Israel had an immediate impact on financial markets 18 00:01:04,000 --> 00:01:06,920 Speaker 1: after the news was released. The local shere market tumble, 19 00:01:07,000 --> 00:01:08,959 Speaker 1: though it regathered some ground late in the day to 20 00:01:09,000 --> 00:01:12,320 Speaker 1: finish down zero point two percent to eighty five hundred 21 00:01:12,319 --> 00:01:15,080 Speaker 1: and forty seven points. The attacks sent the price of 22 00:01:15,120 --> 00:01:19,400 Speaker 1: both gold and oil higher, while bitcoin tumbled. Best stocks 23 00:01:19,400 --> 00:01:21,600 Speaker 1: on the course today with the energy and gold companies 24 00:01:21,640 --> 00:01:23,839 Speaker 1: in the back of those higher prices. Among the large 25 00:01:23,840 --> 00:01:26,040 Speaker 1: caps at Woodside jumped more than seven percent. One of 26 00:01:26,080 --> 00:01:28,760 Speaker 1: the worst was Quantus. In light of the tragic Air 27 00:01:28,840 --> 00:01:32,080 Speaker 1: India crash this morning, it was down five percent. HP 28 00:01:32,160 --> 00:01:34,759 Speaker 1: and Reo Tinto, alongside Aria and Weis Teach Global, were 29 00:01:34,800 --> 00:01:37,840 Speaker 1: all sold down sharply. Sorry number three. It is the 30 00:01:37,880 --> 00:01:40,679 Speaker 1: story of that tragic air accident this morning. A British 31 00:01:40,760 --> 00:01:44,400 Speaker 1: Man has survived the Air India Boeing seven eight seven crash, 32 00:01:44,560 --> 00:01:47,360 Speaker 1: a flight carrying two hundred and forty two people from 33 00:01:47,360 --> 00:01:51,120 Speaker 1: a city in India to London's Gatwick Airport. At least 34 00:01:51,200 --> 00:01:53,880 Speaker 1: two hundred and ninety four people have died after the 35 00:01:53,920 --> 00:01:57,720 Speaker 1: flight crashed into a medical student's facility. They generally were 36 00:01:57,760 --> 00:02:00,720 Speaker 1: eating lunch. It was that time of day. Survivor held 37 00:02:00,720 --> 00:02:04,680 Speaker 1: a British passport and was seated in eleven A in 38 00:02:04,800 --> 00:02:07,600 Speaker 1: our flight radar shows that the flight AI one seventy 39 00:02:07,640 --> 00:02:11,040 Speaker 1: one reached an altitude of just one hundred and ninety meters, 40 00:02:11,680 --> 00:02:14,160 Speaker 1: at which time the pilots issued a May day call 41 00:02:14,280 --> 00:02:18,240 Speaker 1: signaling emergency before crashing. Sorry number four. The share price 42 00:02:18,240 --> 00:02:21,360 Speaker 1: of footwear retailer Accent, which owns the Hype and Platypus 43 00:02:21,440 --> 00:02:24,200 Speaker 1: chains and Fashion out Net Glue store, plunged more than 44 00:02:24,240 --> 00:02:27,960 Speaker 1: twenty percent today after warning that sales have flagged post Christmas. 45 00:02:28,200 --> 00:02:31,519 Speaker 1: Accent said low overall growth in the lifestyle footwear market 46 00:02:31,520 --> 00:02:34,160 Speaker 1: from March to early June had impacted sales in both 47 00:02:34,160 --> 00:02:37,680 Speaker 1: the retail and wholesale segments. Sales were down one percent 48 00:02:38,000 --> 00:02:40,200 Speaker 1: for the twenty three weeks to June eight compared to 49 00:02:40,240 --> 00:02:42,840 Speaker 1: the same time last year. And Story number five. Gas 50 00:02:42,840 --> 00:02:45,400 Speaker 1: giant Woodside has been given more time to assess the 51 00:02:45,440 --> 00:02:48,440 Speaker 1: impact of conditions the alb and Easy Government imposed on 52 00:02:48,520 --> 00:02:52,360 Speaker 1: the future operations of its Northwest Shelf operation. The government 53 00:02:52,440 --> 00:02:54,720 Speaker 1: last month gave conditional approval to extend the life of 54 00:02:54,760 --> 00:02:58,320 Speaker 1: the West Australian Gas processing plant until twenty seventy subject 55 00:02:58,360 --> 00:03:01,280 Speaker 1: to a number of air quality and emission based conditions. 56 00:03:01,600 --> 00:03:03,959 Speaker 1: Woodside was given ten business days to respond to the 57 00:03:04,000 --> 00:03:07,520 Speaker 1: conditional approval and today requested more time from the government 58 00:03:07,560 --> 00:03:10,079 Speaker 1: to properly assess the effect of the new conditions. According 59 00:03:10,080 --> 00:03:12,760 Speaker 1: to the finn review, the company confirmed the new conditions 60 00:03:12,800 --> 00:03:16,359 Speaker 1: involved the management of nearby indigenous cultural heritage sites as 61 00:03:16,400 --> 00:03:19,280 Speaker 1: well as air quality. That's it for the afternoon report 62 00:03:19,320 --> 00:03:21,640 Speaker 1: for Friday, eighty thirteenth of June twenty twenty five. Make 63 00:03:21,680 --> 00:03:23,639 Speaker 1: sure you hit follow on the podcast. We will be 64 00:03:23,680 --> 00:03:25,720 Speaker 1: back tomorrow morning with the weekend edition off you and 65 00:03:25,760 --> 00:03:28,440 Speaker 1: Green Business News. I'm sure i Elmer enjoy your evening.