Welcome to the Fear and Greed Business News Afternoon Report for Thursday, the tenth of April.

Welcome to the Fear and Greed Business News Afternoon Report for Thursday, the tenth of April.

Twenty twenty five. I'm Sean Alma.

Twenty twenty five. I'm Sean Alma.

Every afternoon, we've got the five stories that happened today that you need to know about astroliumer one. It's been a crazy twenty four hoursand markets with US President Donald Trump this morning backflipping on tariff's instituting a ninety day pause for all countries except China. Tariffs on Chinese goods coming to the US will be hit by a one hundred and twenty five percent tariff. The result of the early morning announcement Australian time was a surge in global equity markets, with the S and P ASX two hundred finishing up four and a half percent to seven seven hundred and ten points. Every stock on the ASX two hundred ended higher today, led by the tech companies, big miners in energy groups. Australia actually underperformed Wall Street. The S and P five hundred closed this morning up nine and a half percent. The tech heavy Nasdaq was up percent. What an incredible day. Story Number two in corporate news. Cubes share price jumped after the competition watchdog, the Australian Competition and Consumer Commission, approved its acquisition of a Melbourne car import terminal and Izzy Broadband rose after announcing plans to expand its maibile phone business, having signed a new agreement with Optis to keep using its networks.

Every afternoon, we've got the five stories that happened today that you need to know about astroliumer one. It's been a crazy twenty four hoursand markets with US President Donald Trump this morning backflipping on tariff's instituting a ninety day pause for all countries except China. Tariffs on Chinese goods coming to the US will be hit by a one hundred and twenty five percent tariff. The result of the early morning announcement Australian time was a surge in global equity markets, with the S and P ASX two hundred finishing up four and a half percent to seven seven hundred and ten points. Every stock on the ASX two hundred ended higher today, led by the tech companies, big miners in energy groups. Australia actually underperformed Wall Street. The S and P five hundred closed this morning up nine and a half percent. The tech heavy Nasdaq was up percent. What an incredible day. Story Number two in corporate news. Cubes share price jumped after the competition watchdog, the Australian Competition and Consumer Commission, approved its acquisition of a Melbourne car import terminal and Izzy Broadband rose after announcing plans to expand its maibile phone business, having signed a new agreement with Optis to keep using its networks.

Story number three. Private equity owned Healthscope wants to discuss handing back the keys to the Northern Beaches Hospital in Sydney after a litany of problems have emerged since opening in twenty eighteen. The hospital currently operates as a public private partnership with the New South Wales government. It's set to run for a few years yet, but essentially it's failed. In a statement, Healthscope acknowledged that Northern Beaches Hospital continues to operate as a PPP, however that's no longer compatible with the government's objectives. As a result, it wants to return it to New South Wales Health. Healthscope runs thirty eight private hospitals nationally its fight for survival as it struggles with one point six billion dollars in debt. Straight number four. Outspoken Santos chief executive Kevin Gallagher says he isn't stepping down after nine years in the role and has had a crack at politicians handling of the energy transition. A six million dollar growth incentive has tied Galaher to Santos for the past several years. That lapses at the end of this year. That's prompted calls from proxy advisors, investors and analysts for more information on succession. Galaher told the Earl and Gas Companies AGM today that he isn't going anywhere anytime soon. He also cautioned whichever side wins power in the May three federal election to be careful of proposing plans that might lead to instability the nation's energy supply, warning it could lead to higher prices and potentially job losses and sorry number five. A new report warns that the golden era for industrial property has come to an end and rents will fall by as much as eleven percent across the Eastern Seaboard as new warehouses enter the market. That's the prediction of Oxford, Australia, which says developers is due to complete an estimated three and a half million square meters of space this year another two and a half million square meters next year. Industrial property since COVID has been the golden child of the real estate sector. Fulfillment centers for e commerce have resulted in companies like Goodman Group booming, and more recently the boom has been in data centers, which is sort of an offshoot of industrial property that's probably nowadays big enough to have its own category, and the love affair with industrial property has just come off the boil. That's it for the Afternoon Report for Thursday, the tenth of April twenty twenty five. Make sure you hit follow on the podcast. We'll be back tomorrow morning with the Friday edition. The past five business years by Fear and Greed. I'm Seane Elmer. Enjoy your reason

Story number three. Private equity owned Healthscope wants to discuss handing back the keys to the Northern Beaches Hospital in Sydney after a litany of problems have emerged since opening in twenty eighteen. The hospital currently operates as a public private partnership with the New South Wales government. It's set to run for a few years yet, but essentially it's failed. In a statement, Healthscope acknowledged that Northern Beaches Hospital continues to operate as a PPP, however that's no longer compatible with the government's objectives. As a result, it wants to return it to New South Wales Health. Healthscope runs thirty eight private hospitals nationally its fight for survival as it struggles with one point six billion dollars in debt. Straight number four. Outspoken Santos chief executive Kevin Gallagher says he isn't stepping down after nine years in the role and has had a crack at politicians handling of the energy transition. A six million dollar growth incentive has tied Galaher to Santos for the past several years. That lapses at the end of this year. That's prompted calls from proxy advisors, investors and analysts for more information on succession. Galaher told the Earl and Gas Companies AGM today that he isn't going anywhere anytime soon. He also cautioned whichever side wins power in the May three federal election to be careful of proposing plans that might lead to instability the nation's energy supply, warning it could lead to higher prices and potentially job losses and sorry number five. A new report warns that the golden era for industrial property has come to an end and rents will fall by as much as eleven percent across the Eastern Seaboard as new warehouses enter the market. That's the prediction of Oxford, Australia, which says developers is due to complete an estimated three and a half million square meters of space this year another two and a half million square meters next year. Industrial property since COVID has been the golden child of the real estate sector. Fulfillment centers for e commerce have resulted in companies like Goodman Group booming, and more recently the boom has been in data centers, which is sort of an offshoot of industrial property that's probably nowadays big enough to have its own category, and the love affair with industrial property has just come off the boil. That's it for the Afternoon Report for Thursday, the tenth of April twenty twenty five. Make sure you hit follow on the podcast. We'll be back tomorrow morning with the Friday edition. The past five business years by Fear and Greed. I'm Seane Elmer. Enjoy your reason