Welcome to the Fear and Greed Business News Afternoon Report for Friday, the fourth of April twenty twenty five. I'm Sean Aylmer. Every afternoon, we've got the five stories that happened today that you need to know about. Storingam more on. The local share market fell two point four percent today to finish at seven thousand, six hundred and sixty eight points. That's about fifty seven billion dollars wiped off the market in one session. For the week, the market lost about four percent. Now that's the amount it lost for the first three months of the year. Of course, this was Donald Trump's tariff week. Energy stocks were among the worst on the day thanks to falling all prices on the back of fears about a recession in the US and the rest of the world. Tech stocks consumed, discretionary and utilities also sold off. US facing companies suffered most. Among the large caps, Aristocrat Leisure, Macquarie Group, Wisteak Global, and Woodside Energy. We're all lower, so to Santos. Among the top two hundred car accessories, manufacturer Motive ZIPC, the buy and Pay Later group in Brevel all tumble big time. In fact, the only group that did ak the gold stocks, typically a safe haven asset. Sorry Number two. Wall Street tumbled overnight as well in response to those tariffs. The world's most important index, the S and P five hundred, lost two trillion US dollars of value in one session. That's about three trillion Pussie. It was down five percent by the clothes. The tech heavy Nasdaq is at its lowest point since August. The Russell two thousand, which measures smaller companies, is now twenty percent below it's twenty twenty one high. That's what you call it. Majorrself off. Donald Trump, commenting after the carnage, said, I quote him, I think it's going well. The markets are going to boom, the stock is going to boom. The country is going to boom. End quote. He also opened the way for negotiations on tariffs, saying he might reduce individual tariffs if other nations are able to offer something phenomenal. That's his word. Sorry number three. Amid the turmoil up bond markets, that's the group of investors who spend their lives thinking about what interest rates are going to do, and they're now pricing in four rate cuts over the next year. In Australia, that's because bond investors believe the global economy will slow significantly on the back of those higher tariffs, and that will hit the Australian economy, mostly via slowdown in Asia. Bond investors are confident there will be a rate cut in May. Between now and then we have a federal election and the all important March Corter inflation numbers and zet economists have even gone harder. They're calling for three successive rate cuts, starting in May and finishing in August sorry number four. An unknown number of superannuation fund members have lost thousands of dollars out of their retirement savings in what appears to be a coordinated cyber attack on Australia's super sector. The fin Review is reporting at major industry funds, Australian Retirement Trust, Australian Super Rest and host Plus we're all breached. Insignia, the owner of one hundred and eighty year old MLC brand and the largest retail superannuation fund, also suffered a cyber attack. Ozzie Super said six hundred passwords had been breached, while Insignia said one hundred of its members accounts had been tampered with. Rest said eight thousand of its accounts were affected. The amount stolen is unknown, though at least a handful of members at Australian Super lost around one hundred thousand dollars and the funds working on recovering that money. And story number five in politics, Opposition leader Peter Dunn claims gas prices will be fifteen percent cheaper under the coalition, according to yet to be released modeling of the Liberal Party's National Gas Plan. Prime Minster Anthony Abny said to hit it fly to the US to meet President Donald Trump as soon as possible if he wins the three May election. Both leaders were at a Western Sydney forum today. In fact, they ran into each other. That's it for the afternoon report for Friday, the fourth of April twenty twenty five. Make sure you hit follow on the podcast. We will be back tomorrow morning with the weekend edition of The Fast Five Business Years by Fear and Greed. I'm Sean Elma. Enjoy your evening

Welcome to the Fear and Greed Business News Afternoon Report for Friday, the fourth of April twenty twenty five. I'm Sean Aylmer. Every afternoon, we've got the five stories that happened today that you need to know about. Storingam more on. The local share market fell two point four percent today to finish at seven thousand, six hundred and sixty eight points. That's about fifty seven billion dollars wiped off the market in one session. For the week, the market lost about four percent. Now that's the amount it lost for the first three months of the year. Of course, this was Donald Trump's tariff week. Energy stocks were among the worst on the day thanks to falling all prices on the back of fears about a recession in the US and the rest of the world. Tech stocks consumed, discretionary and utilities also sold off. US facing companies suffered most. Among the large caps, Aristocrat Leisure, Macquarie Group, Wisteak Global, and Woodside Energy. We're all lower, so to Santos. Among the top two hundred car accessories, manufacturer Motive ZIPC, the buy and Pay Later group in Brevel all tumble big time. In fact, the only group that did ak the gold stocks, typically a safe haven asset. Sorry Number two. Wall Street tumbled overnight as well in response to those tariffs. The world's most important index, the S and P five hundred, lost two trillion US dollars of value in one session. That's about three trillion Pussie. It was down five percent by the clothes. The tech heavy Nasdaq is at its lowest point since August. The Russell two thousand, which measures smaller companies, is now twenty percent below it's twenty twenty one high. That's what you call it. Majorrself off. Donald Trump, commenting after the carnage, said, I quote him, I think it's going well. The markets are going to boom, the stock is going to boom. The country is going to boom. End quote. He also opened the way for negotiations on tariffs, saying he might reduce individual tariffs if other nations are able to offer something phenomenal. That's his word. Sorry number three. Amid the turmoil up bond markets, that's the group of investors who spend their lives thinking about what interest rates are going to do, and they're now pricing in four rate cuts over the next year. In Australia, that's because bond investors believe the global economy will slow significantly on the back of those higher tariffs, and that will hit the Australian economy, mostly via slowdown in Asia. Bond investors are confident there will be a rate cut in May. Between now and then we have a federal election and the all important March Corter inflation numbers and zet economists have even gone harder. They're calling for three successive rate cuts, starting in May and finishing in August sorry number four. An unknown number of superannuation fund members have lost thousands of dollars out of their retirement savings in what appears to be a coordinated cyber attack on Australia's super sector. The fin Review is reporting at major industry funds, Australian Retirement Trust, Australian Super Rest and host Plus we're all breached. Insignia, the owner of one hundred and eighty year old MLC brand and the largest retail superannuation fund, also suffered a cyber attack. Ozzie Super said six hundred passwords had been breached, while Insignia said one hundred of its members accounts had been tampered with. Rest said eight thousand of its accounts were affected. The amount stolen is unknown, though at least a handful of members at Australian Super lost around one hundred thousand dollars and the funds working on recovering that money. And story number five in politics, Opposition leader Peter Dunn claims gas prices will be fifteen percent cheaper under the coalition, according to yet to be released modeling of the Liberal Party's National Gas Plan. Prime Minster Anthony Abny said to hit it fly to the US to meet President Donald Trump as soon as possible if he wins the three May election. Both leaders were at a Western Sydney forum today. In fact, they ran into each other. That's it for the afternoon report for Friday, the fourth of April twenty twenty five. Make sure you hit follow on the podcast. We will be back tomorrow morning with the weekend edition of The Fast Five Business Years by Fear and Greed. I'm Sean Elma. Enjoy your evening