1
00:00:03,560 --> 00:00:06,160
Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

2
00:00:06,160 --> 00:00:08,799
Speaker 1: for Tuesday, the seventeenth of June twenty twenty five. I'm

3
00:00:08,800 --> 00:00:11,239
Speaker 1: suan Alma. Every afternoon, We've got the fire stories that

4
00:00:11,320 --> 00:00:14,080
Speaker 1: happened today that you need to know about. Story number one.

5
00:00:14,200 --> 00:00:17,680
Speaker 1: The smp ASX two hundred closed down just touch today

6
00:00:17,720 --> 00:00:20,840
Speaker 1: to eighty five hundred and forty one points. Given all

7
00:00:20,840 --> 00:00:22,439
Speaker 1: the goings on in the world at the moment, the

8
00:00:22,440 --> 00:00:25,680
Speaker 1: local boss has been incredibly steady. Over the past twenty

9
00:00:25,720 --> 00:00:28,680
Speaker 1: four hours. Donald Trump has left the G seven heading

10
00:00:28,720 --> 00:00:32,080
Speaker 1: back to Washington, while warning people to leave the Iranian

11
00:00:32,120 --> 00:00:35,159
Speaker 1: capital of Tel Aviv. On the market, the best of

12
00:00:35,240 --> 00:00:38,479
Speaker 1: the day were the golden uranium stocks. Overall, it was

13
00:00:38,520 --> 00:00:40,920
Speaker 1: pretty quiet, though the property index was the best performer,

14
00:00:40,960 --> 00:00:43,800
Speaker 1: while the utility is the worst. Nine of the ten

15
00:00:43,920 --> 00:00:48,200
Speaker 1: largest stocks ended at lower, including all the big banks, BHP, CSL,

16
00:00:48,320 --> 00:00:51,480
Speaker 1: and West Farmers. Only Goodman Group, which jumped one point

17
00:00:51,520 --> 00:00:54,800
Speaker 1: four percent, was higher. Sigma Healthcare was another strong performer

18
00:00:54,920 --> 00:00:57,639
Speaker 1: thanks to its merger with Chemist Warehouse. It is now

19
00:00:57,680 --> 00:01:01,640
Speaker 1: the seventeenth largest company on the BORSE, having appreciated one

20
00:01:01,720 --> 00:01:04,640
Speaker 1: hundred and sixty nine percent over the past year. That's

21
00:01:04,680 --> 00:01:07,280
Speaker 1: a good twelve months. Story number two, a multi billion

22
00:01:07,319 --> 00:01:11,000
Speaker 1: dollar underground copper mind proposed by Rao Tinto and BHP

23
00:01:11,600 --> 00:01:14,959
Speaker 1: in the US state of Arizona, has received environmental approval

24
00:01:15,240 --> 00:01:18,920
Speaker 1: from the US Department of Agriculture. It's an important milestone

25
00:01:18,959 --> 00:01:22,360
Speaker 1: for the joint venture. It's known as Resolution Copper. It's

26
00:01:22,400 --> 00:01:25,720
Speaker 1: been in limbo for years after an earlier clearance granted

27
00:01:25,760 --> 00:01:29,120
Speaker 1: in twenty twenty one was rescinded by the Biden administration.

28
00:01:29,280 --> 00:01:32,440
Speaker 1: According to the Finn Review, the project has drawn opposition

29
00:01:32,480 --> 00:01:37,080
Speaker 1: from indigenous environmental groups. US Department of Agriculture Secretary Brook

30
00:01:37,280 --> 00:01:40,720
Speaker 1: Rowlands said that the approval is a major step forward

31
00:01:40,720 --> 00:01:43,639
Speaker 1: in the project that eventually aims to employ fifteen hundred people.

32
00:01:44,000 --> 00:01:46,880
Speaker 1: Resolution says he proposed underground mine is expected to become

33
00:01:46,920 --> 00:01:49,960
Speaker 1: the largest copper mine in North America. It aims to

34
00:01:49,960 --> 00:01:53,279
Speaker 1: produce about twenty million tons of copper over forty years.

35
00:01:53,680 --> 00:01:57,040
Speaker 1: Story number three CSL has announced that the United States

36
00:01:57,160 --> 00:02:00,560
Speaker 1: Food and Drug Administration has approved its new drug design

37
00:02:00,560 --> 00:02:05,360
Speaker 1: to prevent attacks of hereditary ngodema, a rare genetic condition

38
00:02:05,400 --> 00:02:10,560
Speaker 1: that triggers uncontrolled and seemingly random swelling known as Andonbury

39
00:02:10,880 --> 00:02:14,840
Speaker 1: a n d e mby. It's formulated to provide sustained

40
00:02:14,880 --> 00:02:18,880
Speaker 1: protection from attacks of the disease, which occur in about

41
00:02:18,919 --> 00:02:21,680
Speaker 1: one in every fifty thousand people for patients age twelve

42
00:02:21,760 --> 00:02:24,480
Speaker 1: years and older. SSL will launch the treatment in the

43
00:02:24,560 --> 00:02:28,160
Speaker 1: US immediately. The FDA approval follows other recent approvals for

44
00:02:28,200 --> 00:02:32,600
Speaker 1: the treatment in Australia, the UK, the European Union, Japan, Switzerland,

45
00:02:32,720 --> 00:02:35,520
Speaker 1: and the United Arab Emirates. Astory number four, the US

46
00:02:35,560 --> 00:02:38,040
Speaker 1: State Department has signed off on the potential sale of

47
00:02:38,080 --> 00:02:42,359
Speaker 1: military hardware, including fighter jets spare parts to Australia, valued

48
00:02:42,360 --> 00:02:45,400
Speaker 1: at about three point one billion dollars. Australia had asked

49
00:02:45,400 --> 00:02:47,760
Speaker 1: to buy equipment and services for its Boeing FAA and

50
00:02:48,040 --> 00:02:52,200
Speaker 1: F super Hornet fighter jet and the electronic attack aircraft,

51
00:02:52,280 --> 00:02:56,680
Speaker 1: the EA eighteen G Growler, which can disrupt, deceive, or

52
00:02:56,720 --> 00:03:00,639
Speaker 1: deny a broad range of military electronic systems. The Security

53
00:03:00,639 --> 00:03:03,560
Speaker 1: Cooperation Agency said in a statement that it had delivered

54
00:03:03,560 --> 00:03:07,920
Speaker 1: the required certification notifying Congress of the possible sale. According

55
00:03:07,919 --> 00:03:11,520
Speaker 1: to Bloomberg, Australia is one of our most important allies

56
00:03:11,520 --> 00:03:14,040
Speaker 1: in the Western Pacific. It is vital to the US

57
00:03:14,120 --> 00:03:17,320
Speaker 1: national interest, to assist our ally in developing and maintaining

58
00:03:17,320 --> 00:03:20,839
Speaker 1: a strong and ready self defense capability, and finally storing

59
00:03:20,840 --> 00:03:22,920
Speaker 1: at number five, Donald Trump. Trump might have left the

60
00:03:22,960 --> 00:03:25,560
Speaker 1: G seven summit in Canada early, but the show went

61
00:03:25,639 --> 00:03:28,400
Speaker 1: on with a group of seven nations expressing support for

62
00:03:28,560 --> 00:03:31,960
Speaker 1: Israel and labeled its rival Iran as a source of

63
00:03:31,960 --> 00:03:35,280
Speaker 1: instability in the Middle East. Ahead of Donald Trump heading

64
00:03:35,280 --> 00:03:37,640
Speaker 1: to Washington, he did hold talks with the UK Prime

65
00:03:37,640 --> 00:03:40,840
Speaker 1: Minister Keir Starmer that resulted in a trade deal which

66
00:03:40,880 --> 00:03:45,400
Speaker 1: reduced tariffs on British carmakers and the aerospace manufacturers. Trump

67
00:03:45,400 --> 00:03:48,440
Speaker 1: also held talks with Japanese Prime Minister the Shagiru Shiba,

68
00:03:48,560 --> 00:03:51,000
Speaker 1: but failed to reach an agreement on a trade package.

69
00:03:51,120 --> 00:03:54,320
Speaker 1: It's also worth mentioning wasn't only Anthony Albanezia that missed

70
00:03:54,360 --> 00:03:56,760
Speaker 1: out chatting to Donald Trump. There are others like Ukrainian

71
00:03:56,760 --> 00:04:01,400
Speaker 1: President Vladimir Zelenski, Mexican President Claudier own Boone, and Indian

72
00:04:01,440 --> 00:04:04,880
Speaker 1: President Mirandra Moody who didn't seem to catch up with

73
00:04:04,920 --> 00:04:07,960
Speaker 1: the President Nier as If the Afternoon Report for Tuesday,

74
00:04:08,000 --> 00:04:10,200
Speaker 1: the seventeenth of June twenty twenty five, make sure you

75
00:04:10,280 --> 00:04:12,320
Speaker 1: hit follow on the podcast. We will be back tomorrow

76
00:04:12,360 --> 00:04:14,960
Speaker 1: morning with a Wednesday edition, a few and green business news.

77
00:04:15,080 --> 00:04:16,840
Speaker 1: I'm sure Al might enjoy your eavning