Welcome to the Fear and Greed Business News Afternoon Report for Wednesday, the second of April twenty twenty five. I'm sure in Alma every afternoon we've got the five stories that happened today that you need to know about Story numer one. The S and p ASX two hundred closed up a touch today to finish at seven nine hundred and thirty five points for the second day running. It was a property sector that did best, while materials were worst. Among the large caps, Goodman Group jumped to three percent, while Wise Tech, Globals, CSL, Brambles and Sigma Healthcare all did well. Big miners suffered, with BHP, Fortes, fue Metals Group in Rio's share prices all ending more than one and a half cent lower. In corporate news, Kelsey and Group, Australia's largest integrated transport and tourism operator, is looking at selling its resort, tour and ferry services to pay down debt. Some of the assets that could go up for sale Adelaide Sightseeing, Sealink ferry Services, which operates in four states in the Northern Territory and Captain Cork Cruises. It would keep running its marine bus and motor Coach Operations. The company has a market cap of just over seven hundred million dollars in debt of nine hundred and thirty three million dollars. Its share price jump more than six percent today. Story number two on the election. Shadow treasurer Angus Taylor was at the National Press Club today. He said it's his ambition to make Australia a financial center and the Coalition government would establish an office called Investment Australia to cut red tape and streamline investment. Plenty of name calling today. Opposition leader Peter Dunn says he would fight with any global leader to defend Australia's national interest and that Anthony Alberanezi doesn't have the strength to do it. Alban Easy replied by saying that sort of agro approach isn't very diplomatic. Story number three. Building approvals were roughly unchanged last month, falling slightly but posting a much better result than economists expected in the previous months. Figures were advised higher to a six point nine percent increase. The trend in housing approval continues. Over the past three months, the pace of approvals was one hundred and ninety five thousand per annum, up by twenty three per cent from the lower of early twenty twenty three, a courting to imp building approvals are now matching the impact of population growth from immigration, which theoretically should take some of the heat out of the housing market. That's not to say the housing crisis is over. A long way from it. The average building time in Australia remains elevated and abandonment rates for building construction are still higher than the twenty tens periods. Still a long way to go, but it is a start story. Number four Mining group Mineral Resources and co founder Chris Ellison have been hit with a class action in Victoria's Supreme Court over his involvement in alleged tax evasion and other corporate governance issues. The action comes as the Australian Securities and Investments Commission conducts its own investigation into the company's actions in response to mister Ellison's admission that he was a tax cheat who failed to make proper disclosures around a series of companies registered in the British Virgin Islands. Mister Ellison apologized in October for what he described as a serious lapse in judgment In a statement today, MinRes said, and I the proceeding relates to matters that have been comprehensibly addressed by the company in the market since October twenty twenty four. It intends to strongly defend the matter and story at number five. China has held a second day of drills around Taiwan, adding to the unprecedented military pressure it's applying to the Taiwanese government. The latest exercises were held in the central and southern parts of the Taiwan Strait. According to a statement, they practiced the People's Liberation Army's ability to conduct a blog aid and involve precision strikes on simulated targets, including ports and energy facilities. The Taiwanese Defense Ministry said that thirty seven Chinese planes crossed the midline in the strait and that its own warplanes, ships and missile systems responded without seeing what that entailed. The latest drills PILs more pressure on Taiwan, coming a day after China held exercises that involved the most naval warships in nearly a year. That's it for the afternoon report for Wednesday, the second of April twenty twenty five. Make sure you hit follow on the podcast. We will be back tomorrow morning with the Thursday edition of the past five business news by Fear and Greed. I'm Sean Elmer. Enjoy your evening.

Welcome to the Fear and Greed Business News Afternoon Report for Wednesday, the second of April twenty twenty five. I'm sure in Alma every afternoon we've got the five stories that happened today that you need to know about Story numer one. The S and p ASX two hundred closed up a touch today to finish at seven nine hundred and thirty five points for the second day running. It was a property sector that did best, while materials were worst. Among the large caps, Goodman Group jumped to three percent, while Wise Tech, Globals, CSL, Brambles and Sigma Healthcare all did well. Big miners suffered, with BHP, Fortes, fue Metals Group in Rio's share prices all ending more than one and a half cent lower. In corporate news, Kelsey and Group, Australia's largest integrated transport and tourism operator, is looking at selling its resort, tour and ferry services to pay down debt. Some of the assets that could go up for sale Adelaide Sightseeing, Sealink ferry Services, which operates in four states in the Northern Territory and Captain Cork Cruises. It would keep running its marine bus and motor Coach Operations. The company has a market cap of just over seven hundred million dollars in debt of nine hundred and thirty three million dollars. Its share price jump more than six percent today. Story number two on the election. Shadow treasurer Angus Taylor was at the National Press Club today. He said it's his ambition to make Australia a financial center and the Coalition government would establish an office called Investment Australia to cut red tape and streamline investment. Plenty of name calling today. Opposition leader Peter Dunn says he would fight with any global leader to defend Australia's national interest and that Anthony Alberanezi doesn't have the strength to do it. Alban Easy replied by saying that sort of agro approach isn't very diplomatic. Story number three. Building approvals were roughly unchanged last month, falling slightly but posting a much better result than economists expected in the previous months. Figures were advised higher to a six point nine percent increase. The trend in housing approval continues. Over the past three months, the pace of approvals was one hundred and ninety five thousand per annum, up by twenty three per cent from the lower of early twenty twenty three, a courting to imp building approvals are now matching the impact of population growth from immigration, which theoretically should take some of the heat out of the housing market. That's not to say the housing crisis is over. A long way from it. The average building time in Australia remains elevated and abandonment rates for building construction are still higher than the twenty tens periods. Still a long way to go, but it is a start story. Number four Mining group Mineral Resources and co founder Chris Ellison have been hit with a class action in Victoria's Supreme Court over his involvement in alleged tax evasion and other corporate governance issues. The action comes as the Australian Securities and Investments Commission conducts its own investigation into the company's actions in response to mister Ellison's admission that he was a tax cheat who failed to make proper disclosures around a series of companies registered in the British Virgin Islands. Mister Ellison apologized in October for what he described as a serious lapse in judgment In a statement today, MinRes said, and I the proceeding relates to matters that have been comprehensibly addressed by the company in the market since October twenty twenty four. It intends to strongly defend the matter and story at number five. China has held a second day of drills around Taiwan, adding to the unprecedented military pressure it's applying to the Taiwanese government. The latest exercises were held in the central and southern parts of the Taiwan Strait. According to a statement, they practiced the People's Liberation Army's ability to conduct a blog aid and involve precision strikes on simulated targets, including ports and energy facilities. The Taiwanese Defense Ministry said that thirty seven Chinese planes crossed the midline in the strait and that its own warplanes, ships and missile systems responded without seeing what that entailed. The latest drills PILs more pressure on Taiwan, coming a day after China held exercises that involved the most naval warships in nearly a year. That's it for the afternoon report for Wednesday, the second of April twenty twenty five. Make sure you hit follow on the podcast. We will be back tomorrow morning with the Thursday edition of the past five business news by Fear and Greed. I'm Sean Elmer. Enjoy your evening.