1 00:00:06,120 --> 00:00:08,879 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:08,920 --> 00:00:11,560 Speaker 1: for Wednesday, the nineteenth of March twenty twenty five. I'm 3 00:00:11,560 --> 00:00:14,440 Speaker 1: sure nayelma every afternoon. We've got the fire stories that 4 00:00:14,520 --> 00:00:16,680 Speaker 1: happened today that you need to know about. Story number one. 5 00:00:16,720 --> 00:00:20,000 Speaker 1: The SMPASX two hundred closed down nearly half percent today. 6 00:00:20,040 --> 00:00:22,360 Speaker 1: It wasn't a hugely busy day. The utilities in real 7 00:00:22,440 --> 00:00:26,200 Speaker 1: estate sub indices did worst, while the healthcare index did best. 8 00:00:26,440 --> 00:00:28,720 Speaker 1: The trade at the moment on the local market is 9 00:00:28,760 --> 00:00:32,080 Speaker 1: for US facing stocks. Companies like Macquarie Group and Aristocrat 10 00:00:32,159 --> 00:00:36,120 Speaker 1: Leisure to be struggling, though I wouldn't overstate that QB 11 00:00:36,440 --> 00:00:39,479 Speaker 1: was a standout among the large caps today, jumping sharply 12 00:00:39,760 --> 00:00:42,840 Speaker 1: looking further afield, Brent crudes fetching around seventy US dollars 13 00:00:42,840 --> 00:00:45,480 Speaker 1: a barrel, bitcoins trading around eighty three thousand US dollars 14 00:00:45,560 --> 00:00:47,600 Speaker 1: a unit, the Aussie dollars about sixty three and a 15 00:00:47,640 --> 00:00:51,680 Speaker 1: half sixty four US cents, and gold is certainly glittering, 16 00:00:52,000 --> 00:00:54,640 Speaker 1: hitting a high this morning off three thousand and thirty 17 00:00:54,680 --> 00:00:58,240 Speaker 1: eight US dollars an ounce. Story number two in Corporate news, 18 00:00:58,240 --> 00:01:01,920 Speaker 1: Mineral resources share price dropped show uply today after authorities 19 00:01:01,920 --> 00:01:05,680 Speaker 1: closed the miners Onslow iron ore haul route following a 20 00:01:05,760 --> 00:01:08,880 Speaker 1: sixth crash on the road. In the latest incident, a 21 00:01:08,920 --> 00:01:13,320 Speaker 1: three hundred ton triple road train rolled over the roots 22 00:01:13,400 --> 00:01:17,399 Speaker 1: used to transport resmn's iron ore to port and separately, 23 00:01:17,480 --> 00:01:20,840 Speaker 1: Rio Tindo has recommended shareholder's vote against a proposal to 24 00:01:20,880 --> 00:01:24,959 Speaker 1: review a possible unification of the miner's dualistic structure brought 25 00:01:25,000 --> 00:01:28,399 Speaker 1: by shareholder Pallaser Capital. Rio's board says it's already considered 26 00:01:28,800 --> 00:01:32,760 Speaker 1: moving to a single listing and it isn't appropriate. Story 27 00:01:32,880 --> 00:01:35,840 Speaker 1: Number three Meyer has announced a very ordinary half year profit, 28 00:01:35,920 --> 00:01:38,279 Speaker 1: hurt by the need to increase promotions to move stock 29 00:01:38,600 --> 00:01:41,600 Speaker 1: and issues at a distribution center in Melbourne. For the 30 00:01:41,640 --> 00:01:43,759 Speaker 1: six months to the end of January, same store sales 31 00:01:43,760 --> 00:01:46,480 Speaker 1: were flat, while pre tax earnings were down twenty eight percent. 32 00:01:46,760 --> 00:01:49,120 Speaker 1: The retailer, which is in the middle of integrating five 33 00:01:49,200 --> 00:01:53,320 Speaker 1: brands including just Genes, JJ's, Portmans and Dotty, said it 34 00:01:53,400 --> 00:01:56,640 Speaker 1: is still having trouble getting its Melbourne distribution center to 35 00:01:56,720 --> 00:02:00,000 Speaker 1: operate efficiently. My share price finished down more than two 36 00:02:00,600 --> 00:02:04,120 Speaker 1: today straight Number four Vladimir Putin has ordered Russia's military 37 00:02:04,160 --> 00:02:08,640 Speaker 1: to refrain from striking Ukrainian energy infrastructure for thirty days, 38 00:02:09,080 --> 00:02:12,960 Speaker 1: but stopped short of agreeing to an unconditional ceasefire. The 39 00:02:13,040 --> 00:02:15,880 Speaker 1: Kremlin said the Russian president had reacted positively to a 40 00:02:15,919 --> 00:02:19,160 Speaker 1: suggestion by US President Donald Trump to halt the attacks 41 00:02:19,200 --> 00:02:22,400 Speaker 1: in a much anticipated phone call between the two leaders. 42 00:02:22,840 --> 00:02:25,440 Speaker 1: It added that Putin immediately gave the Russian military the 43 00:02:25,440 --> 00:02:29,160 Speaker 1: corresponding order. Rather than agreeing to the US President's proposal 44 00:02:29,280 --> 00:02:33,040 Speaker 1: for an unconditional thirty day ceasefire in Ukraine, Putin highlighted 45 00:02:33,080 --> 00:02:37,120 Speaker 1: a series of significant issues about enforcing such an agreement 46 00:02:37,120 --> 00:02:40,720 Speaker 1: and serious risks concerning Kiev's compliance. According to the ft 47 00:02:41,440 --> 00:02:45,639 Speaker 1: and Finally story number five, NASA's two stranded astronauts finally 48 00:02:45,720 --> 00:02:49,200 Speaker 1: splashed down on Earth this morning, ending a marathon mission 49 00:02:49,200 --> 00:02:51,680 Speaker 1: that began with a bungled Boeing test flight more than 50 00:02:51,760 --> 00:02:55,200 Speaker 1: nine months ago. Butich Wilmore and Sonny Williams bade farewell 51 00:02:55,280 --> 00:02:58,119 Speaker 1: to the International Space Station and a return to Earth 52 00:02:58,120 --> 00:03:01,040 Speaker 1: aboard a space ex capsule with two are the astronauts. 53 00:03:01,280 --> 00:03:04,440 Speaker 1: The capsule landed off the Florida coast just before nine 54 00:03:04,520 --> 00:03:07,600 Speaker 1: am australiing in the Eastern daylight savings time. They're now 55 00:03:07,639 --> 00:03:11,239 Speaker 1: in Houston for testing. Wilmore and Williams ended up spending 56 00:03:11,240 --> 00:03:13,520 Speaker 1: two hundred and eighty six days in space, two hundred 57 00:03:13,520 --> 00:03:16,160 Speaker 1: and seventy eight days longer than anticipated when they launched. 58 00:03:16,440 --> 00:03:19,639 Speaker 1: They circled Earth four thousand, five hundred and seventy six 59 00:03:19,680 --> 00:03:23,600 Speaker 1: times and traveled one hundred and ninety five million kilometers 60 00:03:23,639 --> 00:03:25,560 Speaker 1: by the time of splash down. That's it for the 61 00:03:25,639 --> 00:03:28,679 Speaker 1: afternoon report for Wednesday, the nineteenth of March twenty twenty five. 62 00:03:28,760 --> 00:03:30,919 Speaker 1: Make sure you hit follow on the podcast. We'll be 63 00:03:30,960 --> 00:03:33,239 Speaker 1: back tomorrow morning with the Thursday edition of Fear and 64 00:03:33,280 --> 00:03:36,240 Speaker 1: Greed Business News. I'm Sean Elma. Enjoy your evening.