Welcome to the Fear and Greed Business News Afternoon Report for Thursday, the third of April twenty twenty five. I'm Sean Aylmer. Every afternoon, we've got the fire stories that happened today that you need to know about. Sorry. Number one, Donald Trump this morning announceday broader ranging ten percent tariff on all imports into the US, including Australian goods. Some nations with a large trade surplus with the US face much much higher tariffs. In fact, by the end of it all, China's effective tariff rate is now fifty four percent. There is regal room. These tariffs will remain in effect until such a time as President Trump determines that the threat posed by the trade deficit and underlying non reciprocal treatment is satisfied, resolved, or mitigated, so negotiations are about to commence. Announced Thump the local chair market, with the SMPASX two hundred closing down almost one percent to eight hundred and sixty points. It had been off a couple of percent earlier in the day. Worst among the stocks tech stocks, energy companies, materials, property groups, best consumer staples. Story number two riskier assets have been sold off from the back of the tariff announcement, Bitcoin fell sharply. It's now fetching eighty two thousand US dollars a unit. The Aussie dollar had a tough time of it, fell towards sixty two US cents, though has recovered somewhat to be trading just above sixty two and a half US cents. Oil tumbled on fears of a global recession, while gold, which is considered a safe haven, hit a new record high today of three thousand, one hundred and sixty four US dollars and ounce sorry number three. Two. Federal leaders Anthony Albinizi and Peter Dunn will face off in a second debate on the ABC on April sixteen now. The first is on Sky News and The Daily Telegraph next week. It's the first time the leader's debate has taken place in the ABC since nineteen ninety three, and it will be hosted by Insiders, presented David Spears. Opposition leader Peter Dutt was in Perth campaigning today, promising six hundred million dollars towards a new national agricultural and Mining pro is selected, of course straight Numberfore, the supermarket wars are getting very interesting. Earlier this week we heard Woolies has reduced prices more than Coal's, but now a report from Investment Bank UBS says Coals has become shoppers main supermarket. UBS surveyed one thousand people in thirty eight percent described Coals as their primary supermarket, while Woolworths was at thirty seven percent. It's the first time that Coals is above Woolworths in the survey. The analysts say that forty four percent of shoppers described Woolies as their main supermarket before COVID nineteen. Now it's thirty seven percent. Now it is a bit anecdotal in terms of sales, Woolies is still well ahead of Coals without the distant third, but it does highlight that trend away from Woolies towards Coals and story number five. Job vacancies in Australia fell by four and a half percent in February to three hundred and twenty nine thousand. The four reversed the recent rise in vacancies and is more consistent with a softening labor market. The Bureau Statistics said the number of job vacancies is down nearly ten percent from a year ago. In fact, there are about one hundred and forty six thousand fewer job vacancies than the peak back in May twenty twenty two. However, vacancies remain sharply higher than pre COVID as ever. The Afternoon Report for Thursday, the third of April twenty twenty five. Make sure you hit follow on the podcast. We'll be back tomorrow morning with the Friday edition of the Fast 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 Thursday, the third of April twenty twenty five. I'm Sean Aylmer. Every afternoon, we've got the fire stories that happened today that you need to know about. Sorry. Number one, Donald Trump this morning announceday broader ranging ten percent tariff on all imports into the US, including Australian goods. Some nations with a large trade surplus with the US face much much higher tariffs. In fact, by the end of it all, China's effective tariff rate is now fifty four percent. There is regal room. These tariffs will remain in effect until such a time as President Trump determines that the threat posed by the trade deficit and underlying non reciprocal treatment is satisfied, resolved, or mitigated, so negotiations are about to commence. Announced Thump the local chair market, with the SMPASX two hundred closing down almost one percent to eight hundred and sixty points. It had been off a couple of percent earlier in the day. Worst among the stocks tech stocks, energy companies, materials, property groups, best consumer staples. Story number two riskier assets have been sold off from the back of the tariff announcement, Bitcoin fell sharply. It's now fetching eighty two thousand US dollars a unit. The Aussie dollar had a tough time of it, fell towards sixty two US cents, though has recovered somewhat to be trading just above sixty two and a half US cents. Oil tumbled on fears of a global recession, while gold, which is considered a safe haven, hit a new record high today of three thousand, one hundred and sixty four US dollars and ounce sorry number three. Two. Federal leaders Anthony Albinizi and Peter Dunn will face off in a second debate on the ABC on April sixteen now. The first is on Sky News and The Daily Telegraph next week. It's the first time the leader's debate has taken place in the ABC since nineteen ninety three, and it will be hosted by Insiders, presented David Spears. Opposition leader Peter Dutt was in Perth campaigning today, promising six hundred million dollars towards a new national agricultural and Mining pro is selected, of course straight Numberfore, the supermarket wars are getting very interesting. Earlier this week we heard Woolies has reduced prices more than Coal's, but now a report from Investment Bank UBS says Coals has become shoppers main supermarket. UBS surveyed one thousand people in thirty eight percent described Coals as their primary supermarket, while Woolworths was at thirty seven percent. It's the first time that Coals is above Woolworths in the survey. The analysts say that forty four percent of shoppers described Woolies as their main supermarket before COVID nineteen. Now it's thirty seven percent. Now it is a bit anecdotal in terms of sales, Woolies is still well ahead of Coals without the distant third, but it does highlight that trend away from Woolies towards Coals and story number five. Job vacancies in Australia fell by four and a half percent in February to three hundred and twenty nine thousand. The four reversed the recent rise in vacancies and is more consistent with a softening labor market. The Bureau Statistics said the number of job vacancies is down nearly ten percent from a year ago. In fact, there are about one hundred and forty six thousand fewer job vacancies than the peak back in May twenty twenty two. However, vacancies remain sharply higher than pre COVID as ever. The Afternoon Report for Thursday, the third of April twenty twenty five. Make sure you hit follow on the podcast. We'll be back tomorrow morning with the Friday edition of the Fast five Business News by Fear and Greed. I'm Sean Elmer. Enjoy your evening