Fear and Greed Afternoon Report | 8 Jul 2025

This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

1. ASX drops

2. PC warning

3. Fundies merge

4. Aldi deal with DoorDash

5. Trump-Netanyahu talks

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Episode Transcript

Speaker 1 (00:04):
Welcome to the Fear and Greed Business News Afternoon Report
for Tuesday, the eighth of July twenty twenty five. I'm
Sean Aelma. Every afternoon, we've got the five stories that
happened today that you need to know about storingum One
Reserve Bank today kept the official interest rate on hold
at three point eighty five percent, which in economic terms
is a bit of a bombshell. It triggered a jump

(00:25):
in the Aussie dollar and a drop in the share market.
By the closed the SMPASX two hundred was flat at
eighty five hundred and ninety one points. Goldstocks did best
today on the back of rising price for the precious
metal after the Trump Trade letters overnight, where Donald Trump
started imposing tariffs on other economies. The consumer staples, utilities,

(00:48):
improper property industes did worst, reflecting in part the interest
rate decision. Today, the telcos, financials and consumer discretionary induices
did best. Among the large caps, the big miners and
retails will lower, while the big banks were mixed. Story
number two. The Productivity Commission in Australia has warned that
billions of dollars in taxpayer subsidies for manufacturing and green

(01:09):
energy could be deemed trade protectionism. The Productivity Commission in
Phairly Frank Advice said subsidies under the Future Made in
Australia Banner and the National Reconstruction Fund could be considered
in that way. According to the Finn Review. The Commission
also advised the government to lower prices for consumers and
compliance costs for business by extending cuts to so called

(01:30):
newsance tariffs on more than three hundred imported goods, including steel,
appliances and plastics. Story number three to two major fund managers,
Platinum Asset Management and l One Capital I set to merge,
creating an investment group with about sixteen and a half
billion dollars in funds under management. Under the deal, Platinum
will acquire one hundred percent of the issued share capital

(01:51):
in l one Capital and l one shareholders get Platinum stock.
L One Capital shareholders will hold seventy four percent of
the merged group. Platinum shareholders will hold about twenty six percent.
Story number four Aldi has done a deal with door Dash,
launching home delivery for the first time in Australia, escalating
its fight against woolies and coals. The service commenced in

(02:13):
Canberra today. It will be rolled out nationally in coming months.
More than eighteen one hundred products, including fresh produce, meat, seafood, dairy,
bread and household staples will be available for delivery via
the platform. The online grocery segment now commands eleven percent
of the overall market in Australia and story number five.

(02:33):
President Donald Trump hosted Israeli Prime Minister Benjamin Netanya, who
at the White House this morning Australian Time, saying the
US had scheduled talks with Iran and indicated progress on
efforts to relocate Palestinians out of Gaza. Trump said the
US and Israel were working with other countries to give
Palestinians a better future, suggesting that the residents of Gaza

(02:54):
could move to neighbouring nations. Trump and Netanya, who met
for several hours in Washington, while Israeli officials continued in
direct negotiations with Hamas aimed at securing the US Broken
Guards a ceasefire and hostage release deal. The president also
announced the US would send more weapons to the Ukraine
to help that country defend itself against Russia. Meanwhile, Nahu

(03:15):
told Trump that he had nominated the US President for
the Noble Peace Prize. That's it for the Afternoon Report
for Tuesday, the eighth of July twenty twenty five. Make
sure you hit follow on the podcast. We will be
back tomorrow morning with the Wednesday edition of the Fast
five Business News by Fear and Greed. I'm Sean aelma
Enjoy your reading.