Afternoon Report | Market turmoil

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 tumbles
2. Sub worries
3. Wisetech directors
4. Sampson resigns
5. Putin v Trump

Find out more: https://fearandgreed.com.au/

See omnystudio.com/listener for privacy information.

Episode Transcript

Sean Aylmer (00:06):
Welcome to Fear and Greed. Business Newsday Afternoon Report for Monday,
the thirty first of March twenty twenty five. I'm Sean Almer.
Every afternoon, We've got the five stories that happened today
that you need to know about. Story number one, there's
in PA six two hundred finished down one point seventy
five percent today to end at seven eight hundred and
forty three points. Ninety percent of the top two hundred

(00:27):
stocks ended lower. In fact, of the top fifty stocks,
only five COmON Off Bank, Telstra, Transurban, Sigma Healthcare and
Weistech Global ended in the black. Otherwise, read ink everywhere,
led by the big miners and tech stocks. Markets nervous
about Donald Trump's Liberation Day tariffs, which he's due to
announced Thursday. Australian Time story number two. Prime Minister Anthony

(00:50):
Albernizi said there is a fair bit of hubris in
Peter Dutton's comments that he'd preferred to live in Kiribilly
House in Sydney rather than the Lodge in Canberra. Mister Albanese,
he was in Perth announcing a two hundred million dollar
hospital renovation, and of course he had the obligatory Prime
Minister with newborn baby pick mister Albanese. He was also

(01:11):
asked about a Chinese vessel circumnavigating Australia. It had come
from New Zealand, miss The Prime Minister admitted that he'd
prefer it's not be there. Opposition leader Peter Dunn, for
his part, was touring regional New South Wales. He said
Coalesion plans to set up a domestic gas reserve would
bring down power bills and ensure supply. Story number three

(01:32):
tech leader wise tech Global has appointed two new independent
directors as it replaces four directors that resigned in February
in protest of founder Richard White becoming executive chair. One
of the directors today is actually a former chair of
the company. His name is Andrew Harrison. There's been rumblings
about how independent he is. He departed just twelve months ago,

(01:54):
having been chaired for nine years. The other executive was
UPS senior manager Chris Charlton. He'll also join the board.
Story before Advertising executive turn TV star turned controversial Quantus
director Todd Sampson has resigned from the board of the
national carrier. Samson's been on the board for about ten

(02:14):
years and became something of a lightning rod for shareholders
around the behavior of former CEO Alan Joyce. More than
one third of shareholders voted against Sampson's reelection in the
twenty twenty three a GM He'll leave in July and
be replaced by former HP chief executive Don Wisler. And
story number five. US President Donald Trump says he is

(02:35):
very angry and I quote pissed off quote with Russian
President Vladimir Putin, comes after weeks of trying to negotiate
a ceasefire with Ukraine. In an NBC News interview, the
US President said he's angry with Putin for attacking Ukrainian
President Voldamir Zelenski's credibility and threatened to impose the fifty
per cent tariff on countries buying Russian oil if Putin

(02:58):
doesn't agree to a cease fire. That's it for the
Afternoon Report for Monday, the thirty first of March twenty
twenty five. Make sure you hit follow on the podcast.
We will be back tomorrow morning with the Tuesday edition
of Fear and Greed Business News. I'm Sean Aylmer. Enjoy
your evening.