Fear and Greed Afternoon Report | 10 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 Thursday, the tenth of July twenty twenty five. I'm
Sean Aylmer. Every afternoon, we've got the five stories that
happened today that you need to know about story and
I'm one. The SMPA six two hundred finished up zero
point six percent today to eighty five hundred and eighty
nine points. It's back training close to record levels, with

(00:24):
hopes of local interest rate cuts and a strong shift
on Wall Street pushing the market along. It's school holidays
across the country, so training is lighter than normal now.
In terms of sub and disease materials, industrials and real
estate did best today, while the healthcare index was worst.
Only two of the top twenty companies ended in the red,

(00:45):
one with CSL on the back of tariff concerns on pharmaceuticals.
The other was Sigma Healthcare. Woodside was flat, while the
other seventeen stocks rose Story number two. The Prime Minister
Anthony Alberizi was asked today about Donald Trump's plans to
introduce two hundred percent tariffs on pharmaceuticals, which would put
at risk two billion dollars worth of drug sales from
Australia into North America. Miss Albernesi said the Pharmaceutical Benefit Scheme,

(01:09):
which subsidizes the cost of drugs in Australia, would not
be compromised in trade talks with the US. Now, US
drug makers have a complained to the White House about
having slow access to the Australian market, saying the PBS
often subsidizes cheaper generic products over THEIRS. The fear is
that Donald Trump uses this as a reason for Australian
goods with higher tariffs, but Miss Albernesi reckons the PBS

(01:33):
ain't a negotiating point. Another point of contention is the
government's Media Bargaining Code, which forces big tech to pay
media companies for content. The Prime Ministers said that was
also not up for negotiation. Storing number three investigation by
anti corruption barrister Jeffrey Watson sc has found the CFMEU
in Queensland deliberately inflicted physical, sexual, emotional and economic abuse

(01:58):
on others, from labor politicians to public servants and rival unionists,
including women and children. The investigation accused the group's former
Queensland leadership of overseeing a regime that was violent, cruel, misogynistic,
and targeted family members as fair game. Media's reporting union sources,
saying six organizers have now been removed from their roles.

(02:20):
The forty five page investigation details dozens of incidents, and
Washton Watson said he fears it only scratches the surface.
He described the union violence as childish and cowardly, but
said far and away the worst hypocrisy from the CFMEMEU
relates to its treatment of women. Storry number four. In
the United States, Donald Trump has confirmed the fifty percent

(02:40):
tariff on US copper imports will come into effect on
one August. He's also threatened hit Brazil with tariff's of
fifty percent and accused it of attacking free speech over
the treatment of the country's former right wing president, j Baltonaro.
Trump is critical of Brazil's policies on US tech companies
as well. Now Previously, Brazil had attracted just a ten

(03:02):
percent tariff like Australia, now it's fifty percent. Boltonaro, a
long time Trump ally, is currently on trial in Brazil
over an alleged coup attempt against the city in government. Finally,
straight number five. One of the more remarkable stories of
the year, which admittedly has nothing to do with business,
but it's worth telling. A nineteen year old surfer who
went missing off the New South Wales North Coast has

(03:25):
been found alive on a remote island, eighteen hours after
he disappeared. Darcy Defaults was last seen leaving his home
on bike at Woolle yesterday at four pm to go
for a surf at Wille Beach in calm conditions. After
he failed to return home, his family contacted the police
to report him missing. Search efforts began and defaults bike

(03:46):
and clothes were recovered at a local spot known as
One Tree. By nightfall yesterday, he hadn't been found. The
search was called off started again this morning and at
nine am he was found alive and well on North
Solitary Island, thirteen kilometers southeast of wuly Now. North Sultree
Island is one of the largest islands off the New
South Wales Coast, approximately five hectares no significant infrastructure. Somehow

(04:10):
he was found. That's it for the afternoon report for Thursday,
the tenth of July twenty twenty five. Make sure he
hit follow on the podcast. We will be back tomorrow
morning with the Friday edition. Of the past five Business
news by fear and greed. I'm Sean Elmer. Enjoy your evening.