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

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Speaker 1: for Tuesday, the fifteenth of July twenty twenty five. I'm

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Speaker 1: Sean Aylmer. Every afternoon, we've got the five stories that

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Speaker 1: happened today that you need to know about. Stort number one.

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Speaker 1: The SMPA six two hundred finished up zero point seven

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Speaker 1: percent today to eighty six hundred and thirty points, eclipsing

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Speaker 1: the previous closing high, though it is still shy of

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Speaker 1: its all time home. There were big jumps in some

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Speaker 1: of the tech stocks on the back of Wall Street increases,

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Speaker 1: with Life three sixty up eight percent, Wistech Global zero,

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Speaker 1: Technology one, and next dc will rose around two percent.

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Speaker 1: The tariff news out of the US, where Donald Trump

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Speaker 1: said he's willington gatio with URIM, helped the healthcare stocks,

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Speaker 1: with CSL rising nearly four percent. Telstra was also a

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Speaker 1: strong performer. The big banks have had a few slower sessions,

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Speaker 1: but all four and Macquarie Group were higher today. In contrast,

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Speaker 1: the big miners were lower. In corporate news, wealth management

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Speaker 1: platform Hub twenty four more than six percent after announcing

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Speaker 1: an increase in funds under management. The stock is up

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Speaker 1: one hundred and twenty percent over the past year. Story

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Speaker 1: number two. The federal election held two and a half

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Speaker 1: months ago isn't quite over yet, with the unsuccessful Liberal

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Speaker 1: candidate in the seat of Bradfield in Sydney's North asking

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Speaker 1: the High Court to examine a small number of disputed

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Speaker 1: ballot papers. Tail MP Nicolot Bowl won the one time

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Speaker 1: blue ribbon Liberal seat by just twenty six votes. She'll

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Speaker 1: be sworn in as in as an MP when Parliament

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Speaker 1: sits next week. The Liberal candidate, Giselle Capterian, was initially

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Speaker 1: declared the winner by eight votes, then she lost the recount.

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Speaker 1: Capterian said she had full respect for the Australian Electoral

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Speaker 1: Commission in integrity of the process, but she's entitled under

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Speaker 1: the law to request a judge count a small number

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Speaker 1: of disputed ballot papers and that's what she's done. Bowle

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Speaker 1: said she'll seek community donations to fund her defense. Story

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Speaker 1: number three. Former Labour Prime Minister Paul Keating has been

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Speaker 1: asked to be a strategic advisor on East Asia to

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Speaker 1: Indonesian President Prabawo Subianto and joined the advisory board of

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Speaker 1: Indonesia's Sovereign Wealth Fund, known as the Nantara, Prabawo invited

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Speaker 1: Keating to take on the roles, according to the finn Review.

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Speaker 1: Now Keating confirmed the invitation, but he's not commenting. The

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Speaker 1: Sovereign Wealth Fund was launched by Prabawo in February. It

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Speaker 1: was given nine hundred billion US dollars that's about one

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Speaker 1: point four trillion osin in assets to manage, including several

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Speaker 1: state owned enterprises. It is one of the largest sovereign

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Speaker 1: wealth funds in the world and central to Probao's push

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Speaker 1: to boost economic growth in Indonesia to about eight percent

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Speaker 1: per annum by twenty twenty nine. Sorry number four. Consumer

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Speaker 1: sentiment is on the rise slowly, though there are still

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Speaker 1: more pessimens than optimists out there in the economy. The

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Speaker 1: Westpac Melbourne Institute survey shows an increase in sentiment in June,

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Speaker 1: following rises in April and May. However, it is coming

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Speaker 1: off a very low base and overall pessimism prevails. The

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Speaker 1: measure in the survey there's lagging most is family finances

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Speaker 1: this a year ago, though consumers are more upbeat about

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Speaker 1: the next twelve months. Not surprisingly, wage journers are still

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Speaker 1: worse off than twenty twenty and that's because price levels

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Speaker 1: are up about twenty percent of that time wages growth

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Speaker 1: it's up only fifteen percent. And finally, straight number five.

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Speaker 1: Donald Trump has threatened to impose stiff financial penalties on

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Speaker 1: Russia if it does not end hostilities with Ukraine, even

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Speaker 1: as he pledged fresh weapons supplies for Kiev. The US

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Speaker 1: President said the US will set tariffs at about one

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Speaker 1: hundred percent on Russia if there isn't a deal to

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Speaker 1: stop the war with Ukraine in fifty days. Trump said

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Speaker 1: the levies would come in the form of secondary tariffs,

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Speaker 1: without providing any details. According to Bloomberg, the US President

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Speaker 1: has used the term in the past to describe duties

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Speaker 1: imposed on countries for trading with America's adversaries, the idea

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Speaker 1: being if you trade with Russia, you'll get hit with

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Speaker 1: a tariff and that will flow through to Russia. We'll

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Speaker 1: see what happens on that one. That's it the Afternoon

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Speaker 1: Report for Tuesday, the fifteenth of July twenty twenty five.

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Speaker 1: Make sure you hit follow on the podcast. We'll be

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Speaker 1: back tomorrow morning with you Wednesday edition of Fear and

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Speaker 1: Green Business News. I'm lma enjoy your reaving