1 00:00:03,680 --> 00:00:06,720 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,760 --> 00:00:09,520 Speaker 1: for Thursday, the twenty sixth of June twenty twenty five. 3 00:00:09,680 --> 00:00:12,520 Speaker 1: Are Michael Thompson. Every afternoon, We've got the five stories 4 00:00:12,560 --> 00:00:14,160 Speaker 1: that happened today that you need to know about. So 5 00:00:14,280 --> 00:00:17,200 Speaker 1: let's get cracking with story number one. The S and 6 00:00:17,239 --> 00:00:20,520 Speaker 1: P ASX two hundred finished the day down slightly, just 7 00:00:20,600 --> 00:00:23,439 Speaker 1: off zero point one percent to eighty five hundred and 8 00:00:23,480 --> 00:00:27,360 Speaker 1: fifty one points. Seven of the eleven sub indices lost ground, 9 00:00:27,520 --> 00:00:30,440 Speaker 1: led by tech stocks. The worst performer was Cloud Accounting 10 00:00:30,480 --> 00:00:34,159 Speaker 1: Group Zero. The share price of Zero tumbled seven percent 11 00:00:34,320 --> 00:00:37,559 Speaker 1: on opening in response to its four billion dollar takeover 12 00:00:37,720 --> 00:00:42,680 Speaker 1: of US Silicon Valley startup Melio. By the close, zeros 13 00:00:42,640 --> 00:00:45,000 Speaker 1: share price hadn't actually improved that much. It was down 14 00:00:45,120 --> 00:00:47,400 Speaker 1: five point three percent for the day. This deal is 15 00:00:47,520 --> 00:00:50,279 Speaker 1: Zero's big push into the US for its business accounting 16 00:00:50,320 --> 00:00:53,000 Speaker 1: software products, so a lot of eyes on it at 17 00:00:53,000 --> 00:00:56,320 Speaker 1: the moment. Pretty quiet day for Commonwealth Bank after yesterday's 18 00:00:56,360 --> 00:00:58,880 Speaker 1: new intra day high, but A and Z was up 19 00:00:58,920 --> 00:01:02,080 Speaker 1: two percents a little bit of there. Story number two 20 00:01:02,160 --> 00:01:05,040 Speaker 1: A good day for lithium stocks, which is not something 21 00:01:05,080 --> 00:01:07,279 Speaker 1: that we've been able to say a huge amount. Lately, 22 00:01:07,640 --> 00:01:11,480 Speaker 1: Investment giant Vanguard reported buying a stake in PLS, which 23 00:01:11,560 --> 00:01:15,039 Speaker 1: was previously known as Pilber Minerals. That sent pls's share 24 00:01:15,080 --> 00:01:17,880 Speaker 1: price up five point six percent. Had a flow on 25 00:01:17,920 --> 00:01:20,920 Speaker 1: effect to some of the other lithium producers, including Mineral 26 00:01:21,000 --> 00:01:25,000 Speaker 1: Resources and Linetown Resources. Lithium stocks have had a tough 27 00:01:25,040 --> 00:01:27,720 Speaker 1: time of it lately, sold off over concerns that the 28 00:01:27,760 --> 00:01:32,880 Speaker 1: market is oversupplied. Story number three, Confession season has started. 29 00:01:32,920 --> 00:01:34,760 Speaker 1: We've talked a little bit about that lately and one 30 00:01:34,800 --> 00:01:37,959 Speaker 1: of the first to downgrade the expected twenty twenty five 31 00:01:38,240 --> 00:01:42,200 Speaker 1: financial year profit is Rail Freight Group Horizon. The Queensland 32 00:01:42,200 --> 00:01:44,480 Speaker 1: based transport group said profit for the full year will 33 00:01:44,520 --> 00:01:46,319 Speaker 1: come in at one point five to eight billion dollars. 34 00:01:46,400 --> 00:01:49,480 Speaker 1: That is slightly below last year. That initially sent its 35 00:01:49,480 --> 00:01:51,720 Speaker 1: share price down more than two percent before it ended 36 00:01:51,920 --> 00:01:54,760 Speaker 1: down zero point three percent, So not a huge change 37 00:01:54,760 --> 00:01:56,480 Speaker 1: in the end, but perhaps a sign of things to 38 00:01:56,480 --> 00:02:00,160 Speaker 1: come as companies update their forecasts. Story number four an 39 00:02:00,200 --> 00:02:05,120 Speaker 1: interesting potential takeover in global markets oil giants BP and 40 00:02:05,320 --> 00:02:08,840 Speaker 1: Shell Now. BP's shares jumped as much as ten percent 41 00:02:09,000 --> 00:02:11,840 Speaker 1: after the Wall Street Journal reported that Royal Dutch Shell 42 00:02:12,000 --> 00:02:15,560 Speaker 1: is in early stage talks to acquire its London based rival. 43 00:02:16,080 --> 00:02:20,280 Speaker 1: Discussions between company representatives are active, but a deal is 44 00:02:20,320 --> 00:02:23,400 Speaker 1: far from certain now if this was to happen, if 45 00:02:23,440 --> 00:02:26,360 Speaker 1: Shell was to actually acquire BP, it would be among 46 00:02:26,440 --> 00:02:30,280 Speaker 1: the largest deals in European history, creating for the first 47 00:02:30,320 --> 00:02:33,799 Speaker 1: time an oil major that could actually challenge industry leaders 48 00:02:33,800 --> 00:02:38,840 Speaker 1: Exonmobile and Chevron. So a massive, massive deal, potentially story 49 00:02:38,919 --> 00:02:41,160 Speaker 1: number five plenty. Coming out of the NATO meeting in 50 00:02:41,200 --> 00:02:45,399 Speaker 1: the Netherlands, we had US President Donald Trump announcing upcoming 51 00:02:45,680 --> 00:02:49,960 Speaker 1: US around nuclear talks set for next week. The Secretary 52 00:02:50,000 --> 00:02:53,359 Speaker 1: General of the UN, Antonio Gaterez, said that he very 53 00:02:53,440 --> 00:02:56,560 Speaker 1: much hopes the talks will end the conflict, and NATO 54 00:02:56,680 --> 00:02:59,200 Speaker 1: leaders have agreed to boost defense spending to five percent 55 00:02:59,240 --> 00:03:02,400 Speaker 1: of GDP by twenty thirty five, and in exchange for that, 56 00:03:02,440 --> 00:03:05,400 Speaker 1: they have secured confirmation from the US President that he 57 00:03:05,480 --> 00:03:09,280 Speaker 1: still supports Article five of the Washington Treaty. That is 58 00:03:09,320 --> 00:03:11,720 Speaker 1: the one that says that an attack on one is 59 00:03:11,760 --> 00:03:14,239 Speaker 1: an attack on all. All Right, that's it for the 60 00:03:14,320 --> 00:03:17,440 Speaker 1: afternoon report for Thursday, the twenty sixth of June twenty 61 00:03:17,480 --> 00:03:19,799 Speaker 1: twenty five. Make sure you hit follow on the podcast, 62 00:03:19,840 --> 00:03:22,240 Speaker 1: and we'll be back tomorrow morning with the Friday edition 63 00:03:22,280 --> 00:03:25,120 Speaker 1: of Fear and Greed. I'm Michael Thompson. Joy your evening.