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

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Speaker 1: for Monday, the twenty eighth of July twenty twenty five.

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Speaker 1: Are Michael Thompson. Every afternoon, I've got the five stories

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Speaker 1: that happened today that you need to know about. Let's

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Speaker 1: go with story number one. The S and p ASX

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Speaker 1: two hundred closed up zero point four percent today to

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Speaker 1: eighty six hundred and ninety nine points. It's a pretty

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Speaker 1: good day for the telcos and healthcare companies again, while

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Speaker 1: the energy and utilities groups went backwards. The confidence in

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Speaker 1: the market today reflects a deal between the US and

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Speaker 1: the EU over tariffs, which has announced overnight. I have

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Speaker 1: a bit more on that one. Shortly. In corporate news,

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Speaker 1: Wistech Global has appointed Zubinapho as permanent chief executive. The

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Speaker 1: decision follows an extensive internal and external search. Founder Richard

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Speaker 1: White stepped back last year at small cap Stealth Group

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Speaker 1: serves more than seventeen percent today before closing around ten percent. HI.

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Speaker 1: This is an interesting one because it said that it

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Speaker 1: had seen a significant uplift in pre order sales for

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Speaker 1: mobile phone accessories aligned to Apple's iPhone seventeen launch. So

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Speaker 1: this isn't orders for the phone itself. These are things

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Speaker 1: like phone cases and screen protectors and the like, and

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Speaker 1: as a result, at the share price closed significantly higher.

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Speaker 1: Under story number two, Boss Energy fell a whopping forty

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Speaker 1: four percent today after it flagged potential challenges in hitting

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Speaker 1: what they call name plate capacity at its Honeymoon uranium

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Speaker 1: mine in South Australia. That means Boss might not be

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Speaker 1: able to reach output capacity. In essence, it means it

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Speaker 1: could be harder to extract the uranium than previously thought,

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Speaker 1: which might reflect geological factors or perhaps the structure of

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Speaker 1: the deposit. Investors certainly didn't like hearing that, and pushed

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Speaker 1: Boss's share price to a three year low. The news

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Speaker 1: overshadowed Boss's relatively strong quarterly production report, with its Honeymoon

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Speaker 1: project actually exceeding full year guidance. The company also said

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Speaker 1: that the CEO will be stepping down at the end

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Speaker 1: of Timber and will be replaced by the Chief operating

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Speaker 1: officer onto Story number three now in ASX listed property

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Speaker 1: group Stockland will develop a multi billion dollar multi story

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Speaker 1: logistics hub on the site of Cogro Golf Club in

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Speaker 1: Sydney's southern suburbs servicing the transport of goods in and

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Speaker 1: out of Sydney Airport and nearby Port Botany. Stockland, which

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Speaker 1: is well known really for its retail assets, is pushing

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Speaker 1: increasingly into residential and industrial property. It's entered into a

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Speaker 1: joint venture now with the owner of the eighteen point

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Speaker 1: three hectare site to develop the three hundred and forty

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Speaker 1: thousand square meter facility. It is big. The five level warehouses,

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Speaker 1: which will also include retail and other commercial space, will

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Speaker 1: connect to arterial roads the M one, M five, M

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Speaker 1: eight as well as the future M six motorway, so

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Speaker 1: really in a very central location onto Storry Number four.

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Speaker 1: Coal stocks are under pressure for a court decision to

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Speaker 1: require planning authorities to consider the local impact of global

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Speaker 1: climate change. The New South Wales Court of Appeal overturned

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Speaker 1: a twenty twenty two approval of a Hunter Valley coal project,

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Speaker 1: which was meant to be the largest coal mine expansion

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Speaker 1: in that state, ultimately doubling the Mount Pleasant coal output

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Speaker 1: to twenty one million tons per annum. A community environment

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Speaker 1: group successfully argued the planning commission failed to consider the

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Speaker 1: impact of all the project's greenhouse gas emissions. The ruling

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Speaker 1: weighed heavily on the coal companies today, with Whitehaven Coal

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Speaker 1: down four point two percent and yan Coal off two

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Speaker 1: point six percent. And finally story number five. As I

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Speaker 1: mentioned earlier, the US and the European Union have struck

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Speaker 1: a tariff deal that will avert a transatlantic trade war

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Speaker 1: between the two sides, but still imposes American tariffs of

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Speaker 1: fifteen percent on most imports from the bloc. As part

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Speaker 1: of the deal, the EU has agreed to spend hundreds

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Speaker 1: of billions of dollars on US energy products and weapons,

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Speaker 1: and accepted a broad fifteen percent levy that covers many

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Speaker 1: key European exports, including cars. This is according to the FT.

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Speaker 1: The agreement was struck following a meeting between US President

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Speaker 1: Donald Trump and European Commissioned President Ursula Vondalayan. Arguably, the

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Speaker 1: deal does mark a victory for Donald Trump, who has

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Speaker 1: spent months forcing America's trading partners into bruising negotiations by

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Speaker 1: threatening steep tariffs, although the terms are in line with

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Speaker 1: what Brussels had told EU member states to prepare for.

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Speaker 1: Though the final word on this one has to go

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Speaker 1: to the President himself, who said this is probably the

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Speaker 1: biggest deal ever reached in any capacity, trade or beyond trade.

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Speaker 1: That is a very big call. That's it for the

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Speaker 1: afternoon Report for Monday, the twenty eighth of July twenty

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Speaker 1: twenty five. Make sure you hit follow on the podcast.

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Speaker 1: We'll be back tomorrow morning with the Tuesday edition of

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Speaker 1: Fear and Greed. I'm Michael Thompson. Enjoy your evening.