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Sean Aylmer: Welcome to the Fear and Greed Business News Afternoon Report

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Sean Aylmer: for Monday, the twenty eighth of April twenty twenty five.

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Sean Aylmer: I'm Sean Aylmer. Every afternoon, we've got the five stories

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Sean Aylmer: that have happened today that you need to know about.

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Sean Aylmer: Story number one, this's in PASX two hundred closed up

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Sean Aylmer: nearly half percent today, seven nine hundred and ninety seven points,

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Sean Aylmer: the highest closed in more than a month. A strong

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Sean Aylmer: end to Wall Street over the weekend and hopes that

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Sean Aylmer: negotiations around tariffs alongside a potential stimulus package from Beijing

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Sean Aylmer: helped the local market. Energy and tech stocks did best,

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Sean Aylmer: while the material sub index was the only one within

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Sean Aylmer: the bores to go backwards. Among the large caps, the

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Sean Aylmer: two biggest, Commonwealth Bank and BHP both fill more than

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Sean Aylmer: one percent. Otherwise, National Australia Bank, West Farmers and A

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Sean Aylmer: and Z. We're all up between one and a half

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Sean Aylmer: and two percent, CSL Woodside and Aristocrat Leisure. Where are

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Sean Aylmer: other strong performers? Story number two Plenty of corporate news

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Sean Aylmer: around at the moment. US real estate conglomerate Coastar has

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Sean Aylmer: asked for two more weeks to finalize due diligence in

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Sean Aylmer: its bid to buy Proper Platform domain. The share price

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Sean Aylmer: of Revia Solutions sank eleven percent after the company announced

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Sean Aylmer: the exit of group chief executive Andy Russell. Now Russell

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Sean Aylmer: took over in twenty twenty three after former chief executive

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Sean Aylmer: at Libby Roy's exit, having spent less than a year

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Sean Aylmer: in the role. Just not a good look for that company.

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Sean Aylmer: Telex Pharmaceuticals share price fell six percent after a US

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Sean Aylmer: regulator didn't approve its new drug application for the management

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Sean Aylmer: of gloma, a brain cancer, and gaming machine maker Ainsworth

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Sean Aylmer: rallied thirty two percent after majority shareholder Navo Mattic said

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Sean Aylmer: it would acquire all outstanding shares in the company. Sorry

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Sean Aylmer: Number three Linus rare earths today flagged lower output after

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Sean Aylmer: missing March quarter revenue expectations. The warnings weren't enough to

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Sean Aylmer: stop Linus's share price jumping three point four percent. Now

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Sean Aylmer: Linus is one of the few big producers of rare

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Sean Aylmer: words outside China. China recently tightened controls over the sale

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Sean Aylmer: of minerals in retaliation to the tariffs. Now, rare earths

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Sean Aylmer: are vital for the production of high performance magnets used

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Sean Aylmer: in electronics and Defense, as well as EV's Chief executive

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Sean Aylmer: of Linus, Amandela Cays, said the trade war was an

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Sean Aylmer: opportunity for Linus and it's seeking to find new buyers

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Sean Aylmer: wanting to avoid China. There are seventeen rare earths. China

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Sean Aylmer: accounts for seventy percent of extraction in eighty seven percent

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Sean Aylmer: of processing.

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Speaker 2: Story number four palet maker Brambles has downgraded on uncertainty

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Speaker 2: around consumer demand. More consumers buy, the more palots are

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Speaker 2: needed to deliver goods, so Brambles is reliant on consumer demand.

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Speaker 2: The group reported a marginal one percent rise in sales

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Speaker 2: revenue to just under five billion US dollars in the

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Speaker 2: nine months to March, but sales volumes declined over the

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Speaker 2: most recent quarter. By the end of trading today, Bramble's

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Speaker 2: share price was down five percent, and story number five.

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Speaker 2: President Donald Trump said that his sweeping tariffs will help

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Speaker 2: him reduce income taxes for people making less than two

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Speaker 2: hundred thousand US dollars a year in an apparent to

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Speaker 2: reduce public anxiety over easy economic agenda. Trump has previously

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Speaker 2: argued that tariff revenue could replace income taxes, though economists

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Speaker 2: have questioned those claims. On his Truth social network. He said,

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Speaker 2: and I quote when Tariff's cut in, many people's income

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Speaker 2: taxes will be substantially reduced, maybe even completely eliminated. Focus

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Speaker 2: will be on people making less than two hundred thousand

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Speaker 2: US dollars a year. A CBS News poll released yesterday

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Speaker 2: said sixty nine percent of Americans believe that Trump administration

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Speaker 2: isn't focused enough on lurering prices. According to report on Bloomberg, approval.

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Sean Aylmer: Of Trump's handling the economy in the poll decline to

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Sean Aylmer: forty two percent compared to fifty one percent about six

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Sean Aylmer: or seven weeks ago. That's it for the Afternoon Report

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Sean Aylmer: for Monday, the twenty eighth of April twenty twenty five.

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Sean Aylmer: Make sure you hit follow on the podcast. We will

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Sean Aylmer: be back tomorrow morning with a Tuesday edition off Via

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Sean Aylmer: and Greed Business News. I'm Sean Elmer. I'm Joey Read