Fear and Greed Afternoon Report | 9 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 closes lower

2. Lifestyle tumbles

3. Telix win

4. G8 cameras

5. Trumps’ wrath

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Episode Transcript

Speaker 1 (00:04):
Welcome to the Fear and Greed Business News Afternoon Report
for Wednesday, the ninth of July twenty twenty five. I'm
suan alma. Every afternoon, We've got the five stories that
happened today that you really do need to know about.
Story number one. The SMPA six two hundred dropped in
the first thirty minutes of trading today, called its way
back to be in positive territory, then tumbled at the
end of the day to close down zero point six

(00:24):
percent to eighty five hundred and thirty one points. It
followed an announcement overnight by US President Donald Trump that
he's going to impose large tariffs on copper fifty percent
and potentially two hundred percent on pharmaceutical products. A drop
in the price of gold hit the miners of the
precious metal, with Newmont, Perseus, and Northern Star all lower

(00:46):
interest rate sensitive stocks. Notably, the property companies fell on
the back of yesterday's decision by the RBA to not
cut interest rates. Goodman Group was the worst performing of
the megastocks, dropping two point three percent today, and the
uraniums stocks also fell back in line with the price
of ecake. The big banks were mixed, The big miners
were lower and mo Quarie Group fell more than two percent.

(01:07):
Story number two retirement living operator Lifestyle Communities shares hit
the boss today, having been suspended since Monday, and its
price tumbled more than forty percent before closing down thirty
seven percent. It follows a Victorian tribunal ruling that the
exit fees the business charges to departing residents are invalid.

(01:28):
The Victorian Civil and Administrative Tribunal found that Lifestyle Communities
had breached tenancy laws by failing to clearly disclose to
third management fees in its residential site agreements. Lifestyle says
it will appeal the finding. Story number three. One local
health company to do well today thanks to goings on
in the US is Telix Pharmaceuticals, the therapeutic and diagnostic

(01:50):
imaging group. Its share price finished up more than six percent,
the best of the top two hundred after announcing its
prostate cancer imaging product. Zoelix has been granted a permanent
code by the US Centers for Medicare and Medicaid Services.
That means a product is a big step closer to
being used regularly in the US for the diagnosis of

(02:12):
prostate cancer, which is the second most common cancer in
men in the US, with about three hundred and fourteen
thousand new cases diagnosed each year. Story number four G
eight Education, one of Australia's largest child care providers, will
install CCTV cameras inside all of its four hundred centers
after a former employee was charged with more than seventy

(02:33):
abuse offenses. The company has already banned staff from using
personal devices while working in its center's rooms. It will
also provide parents with the opportunity to have preferences on
who supports their child's personal care routines, such as nappy
changing that type of thing. G eight will also advocate
for a national registry for working with vulnerable people, including

(02:53):
working with children. Jade share prices dropped twenty percent since
the charges were revealed, and number five. Donald Trump has
taken aim at the boss of the Federal Reserve and
Russian President of Vladimir Putin, sparing neither of them from
his wrath, starting with Jerome Powell, chair of the Federal Reserve,
who Trump called terrible. Trump accused him and I quote

(03:15):
of whining like a baby about non existing inflation for
months and refusing to do the right thing. Cut interest
rates Jerome. Now is the time. End quote. On Pertin,
Trump reiterated plans to send more weapons to Ukraine, telling
a cabinet meeting quote, I'm not happy with Putin. I
can tell you that much right now, because he's killing

(03:35):
a lot of people. We get a lot of bullshit
thrown at us by Pertin. You want to know the truth.
He is very nice all the time, but it turns
out to be meaningless. End quote. That's it for the
Afternoon Report for Wednesday, the ninth of July twenty twenty five.
Make sure you hit follow on the podcast. We'll be
back tomorrow morning with a Thursday edition The Fast five
Business News, five Fear and Greek. I'm sure Ailmut enjoy

(03:57):
your reading.