1 00:00:03,640 --> 00:00:06,920 Speaker 1: Welcome to the Fearing Greed Business Newsday Afternoon Report for Friday, 2 00:00:06,960 --> 00:00:09,760 Speaker 1: the second of May twenty twenty five. I'm suan Alma. 3 00:00:09,920 --> 00:00:12,440 Speaker 1: Every afternoon, We've got the five stories that happen today 4 00:00:12,440 --> 00:00:14,760 Speaker 1: that you need to know about. Story number one, Australian's 5 00:00:14,800 --> 00:00:17,600 Speaker 1: head to the polls tomorrow morning, with Prime Minister Anthony 6 00:00:17,640 --> 00:00:21,000 Speaker 1: Albanisi and the Labor Party favored to be returned to government. 7 00:00:21,360 --> 00:00:24,960 Speaker 1: Alban Esi in opposition leader Peter Dutton spent today campaigning 8 00:00:24,960 --> 00:00:27,800 Speaker 1: in the hope of winning over last minute undecided voters. 9 00:00:28,200 --> 00:00:30,840 Speaker 1: The campaign has been focused on cost of living issues, 10 00:00:30,880 --> 00:00:34,840 Speaker 1: including four debates, plenty of gaffes and plenty of fairly 11 00:00:34,880 --> 00:00:38,280 Speaker 1: silly photos. It's likely that by around nine pm tomorrow 12 00:00:38,400 --> 00:00:41,280 Speaker 1: night will know who the next PM is. That we 13 00:00:41,400 --> 00:00:45,159 Speaker 1: might not know if some majority or minority government. A 14 00:00:45,280 --> 00:00:48,880 Speaker 1: minority ALP government means Labor needs the support of Greens 15 00:00:48,960 --> 00:00:52,519 Speaker 1: or Independence in the House of Representatives to govern. That 16 00:00:52,880 --> 00:00:56,960 Speaker 1: still seems to be the most likely option. Story number two. 17 00:00:57,000 --> 00:00:59,080 Speaker 1: The local share market closed up more than one percent 18 00:00:59,120 --> 00:01:02,160 Speaker 1: today to two hundred and thirty eight points. It was 19 00:01:02,240 --> 00:01:04,280 Speaker 1: the seventh day of gains in a row, and the 20 00:01:04,319 --> 00:01:07,440 Speaker 1: market is back to late February early March levels. For 21 00:01:07,480 --> 00:01:09,720 Speaker 1: the full week, the market rows three point four percent. 22 00:01:09,880 --> 00:01:13,080 Speaker 1: Helping it today were suggestions that the US and China 23 00:01:13,480 --> 00:01:16,959 Speaker 1: are holding talks over tariffs that pushed up the price 24 00:01:17,000 --> 00:01:20,399 Speaker 1: of oil, and both Woodside and Santos outperformed. Commonwealth Bank 25 00:01:20,480 --> 00:01:22,520 Speaker 1: jumped one point four percent, but in the middle of 26 00:01:22,520 --> 00:01:24,679 Speaker 1: the day it was up even more. In fact, it 27 00:01:24,760 --> 00:01:27,920 Speaker 1: briefly touched a new record of just under one hundred 28 00:01:27,920 --> 00:01:30,680 Speaker 1: and seventy dollars a share. Westpac jump two percent, as 29 00:01:30,720 --> 00:01:33,959 Speaker 1: did CSL. In Business News, Corporate Travel warned of a 30 00:01:34,000 --> 00:01:36,600 Speaker 1: softer outlook on the back of global uncertainty, sending its 31 00:01:36,720 --> 00:01:40,360 Speaker 1: share price down ten percent. Web Travel Group also fell. 32 00:01:40,400 --> 00:01:43,039 Speaker 1: It was off four percent. Story number three wyse tech 33 00:01:43,080 --> 00:01:47,400 Speaker 1: Global is considering acquiring New York listed supply chain platform 34 00:01:47,440 --> 00:01:50,360 Speaker 1: provider E two Open for up to three and a 35 00:01:50,400 --> 00:01:53,720 Speaker 1: half billion dollars. A statement from the tech leader came 36 00:01:53,760 --> 00:01:55,360 Speaker 1: out today after a report of the deal in the 37 00:01:55,400 --> 00:01:59,440 Speaker 1: Australian Financial Review. The statement said Wistech's strategy is to 38 00:01:59,440 --> 00:02:02,640 Speaker 1: continue to accelerate its product development and the ecosystem reach 39 00:02:03,080 --> 00:02:08,040 Speaker 1: through a proactive acquisition program that includes strategically significant acquisitions, 40 00:02:08,400 --> 00:02:11,919 Speaker 1: as well as tuck ins and full foothold acquisitions. There 41 00:02:11,919 --> 00:02:15,800 Speaker 1: you go, sorry. Number four Sydney based NASDAQ listed software 42 00:02:15,880 --> 00:02:19,760 Speaker 1: giant at lassion. Its share price tumbled fourteen percent on 43 00:02:19,800 --> 00:02:23,200 Speaker 1: Wall Street in after hours trading, following a fourteen percent 44 00:02:23,360 --> 00:02:25,720 Speaker 1: rise year on year in revenue. For the March quarter. 45 00:02:26,000 --> 00:02:29,000 Speaker 1: The company, which makes collaboration and productivity tools, reported a 46 00:02:29,000 --> 00:02:32,679 Speaker 1: net loss of seventy one million US dollars. Chief executive 47 00:02:32,680 --> 00:02:34,639 Speaker 1: Mike Kennan Brooks said the company now has one and 48 00:02:34,680 --> 00:02:38,600 Speaker 1: a half million users of its artificial intelligence product Rovo, 49 00:02:38,760 --> 00:02:42,520 Speaker 1: after it made the feature free. Meanwhile, Apple reported a 50 00:02:42,639 --> 00:02:45,200 Speaker 1: slightly better than expected March quarter result on the back 51 00:02:45,360 --> 00:02:48,720 Speaker 1: of strong sales of iPhones. Ambazon dot Com reported slightly 52 00:02:48,760 --> 00:02:51,079 Speaker 1: lower than expected earnings on the back of a tariff 53 00:02:51,080 --> 00:02:56,480 Speaker 1: induced consumer slow down, and after payparent Block reported disappointing earnings, 54 00:02:56,480 --> 00:03:00,520 Speaker 1: sending its share price down thirty percent in after hours trading. 55 00:03:00,560 --> 00:03:03,520 Speaker 1: Now Bloc has a secondary listing on the AX. It 56 00:03:03,560 --> 00:03:06,680 Speaker 1: fell twenty six percent on the AX today And story 57 00:03:06,760 --> 00:03:10,359 Speaker 1: number five. Donald Trump has sacked national security advisor Mike 58 00:03:10,440 --> 00:03:13,440 Speaker 1: Waaltz following a scandal over the use of a private 59 00:03:13,480 --> 00:03:16,880 Speaker 1: messaging app to discuss military plans. Trump announced the move 60 00:03:16,919 --> 00:03:19,920 Speaker 1: on truth social overnight, saying Waltz would be nominated to 61 00:03:20,000 --> 00:03:23,480 Speaker 1: serve as US Ambassador to the United Nations. Secretary of 62 00:03:23,480 --> 00:03:27,720 Speaker 1: State Marco Rubio will serve as interim National Security Advisor. 63 00:03:28,000 --> 00:03:32,359 Speaker 1: Walltz's tenure became precarious after he accidentally included the editor 64 00:03:32,400 --> 00:03:35,360 Speaker 1: of The Atlantic magazine in a signal chat with top 65 00:03:35,360 --> 00:03:38,240 Speaker 1: officials in which they discussed details of looming US strikes 66 00:03:38,560 --> 00:03:42,200 Speaker 1: on Yemen targeting hootie rebels. That's it the afternoon Report 67 00:03:42,240 --> 00:03:44,520 Speaker 1: for Friday eighty second of May twenty twenty five. Make 68 00:03:44,520 --> 00:03:46,600 Speaker 1: sure you hit follow on the podcast. We will be 69 00:03:46,640 --> 00:03:48,960 Speaker 1: back to orow morning with the weekend edition of Hearing 70 00:03:48,960 --> 00:03:51,920 Speaker 1: Greek Business News. I'm Sean Almer. Enjoy your evening.