Welcome to the Fear and Greed Business News Afternoon Report for Tuesday, the eighteenth of February twenty twenty five. I'm Sean Aylmer. Every afternoon, we've got the five stories that happened today that you need to know about and what a big day was. Story number one, the Reserve Bank of Australia Board cut the official cash rate by twenty five basis points this afternoon, the first time there's been a downward shift in more than four years. The reduction triggered a tick up in the Aussie dollar, while the share market fell and then rebounded quickly and then fell again. The Reserve Bank, in its statement said inflation is moderating since its peak in twenty twenty two, and higher interest rates have been working. In fact, inflationary pressures are easing faster than anticipated. Wage pressures have eased but remain a concern. Economic growth has slowed, the labor market still remains a risk, and the Central Bank said it remains very cautious on prospects for more rate cuts. Story at number two. The s and PASX two hundred end of the day down about half a percent. Mostly that happened alf the Reserve bank announcement. By the close, it was at eight four hundred and eighty one points. The worst performers were the energy and financials, while healthcare outperformed. Maybe there was just a bit of disappointment about the fact that there isn't another rate cut on the way. Certainly all the big banks were sold off. The big earnings announcement today was BHP. The big Australian made an underlying profit of eight billion dollars last half year. That was considered somewhat disappointed. Mind jury share price ended up slightly today. Story number three Office and industrial property group Dexas said higher interest rates, lower training profits, and the continued impact of higher incentives on its portfolio had dented earnings. Its share price dropped one percent. It took other really state investment trusts with it, including Center and Mervak. Real estate stocks broadly didn't have a great day. The good news, though, is that Dexas boss Ross Duvenet was reasonably upbeat about prospects for city office markets as workers get back to their desks. Story number four in financial services challenged. Your share price tumbled nine percent, worst on the day of the top two hundred, even though it posted a twelve percent increase in earnings. The result was lower than forecast and the business is undertaking a big cost cutting exercise. One of the current share market Darling's wealth management platform group Hub twenty four surged five percent after a denounced day fifty percent jump in profit ahead of expectations. It's up twenty four percent this year one hundred and thirty one percent over the past year, and HMC Capital rowse eleven percent after assets under management jumped forty five percent in the half year to the end of December, with a significant profit contribution from its private equity division. Finally, story number five, a Delta Airlines regional jet flipped upside down upon landing at Canada's Toronto Pearson Airport this morning. It was amid at windy weather following a snowstorm injuring eighteen of the eighty people on board. Remarkably, no one died. Three people on the flight that Oridgin donated in Minneapolisant Paul International Airport suffered critical injuries, among them a child. Authority said. Delta said a CIJ nine hundred aircraft operated by its Endeavor Air subsidiary was involved in a single aircraft accident with seventy six passengers and four crew members on board. According to Reuter's, Canadian authorities said they'll investigate the cause of the crash, which isn't yet known as it For the Afternoon Report for Tuesday, the eighteenth of February twenty twenty five, make sure you hit follow on the podcast. We will be back tomorrow morning with the Wednesday edition of the Past five Business Years by Fear and Gree I'm Sean Elmer. Enjoy your Eavenek

Welcome to the Fear and Greed Business News Afternoon Report for Tuesday, the eighteenth of February twenty twenty five. I'm Sean Aylmer. Every afternoon, we've got the five stories that happened today that you need to know about and what a big day was. Story number one, the Reserve Bank of Australia Board cut the official cash rate by twenty five basis points this afternoon, the first time there's been a downward shift in more than four years. The reduction triggered a tick up in the Aussie dollar, while the share market fell and then rebounded quickly and then fell again. The Reserve Bank, in its statement said inflation is moderating since its peak in twenty twenty two, and higher interest rates have been working. In fact, inflationary pressures are easing faster than anticipated. Wage pressures have eased but remain a concern. Economic growth has slowed, the labor market still remains a risk, and the Central Bank said it remains very cautious on prospects for more rate cuts. Story at number two. The s and PASX two hundred end of the day down about half a percent. Mostly that happened alf the Reserve bank announcement. By the close, it was at eight four hundred and eighty one points. The worst performers were the energy and financials, while healthcare outperformed. Maybe there was just a bit of disappointment about the fact that there isn't another rate cut on the way. Certainly all the big banks were sold off. The big earnings announcement today was BHP. The big Australian made an underlying profit of eight billion dollars last half year. That was considered somewhat disappointed. Mind jury share price ended up slightly today. Story number three Office and industrial property group Dexas said higher interest rates, lower training profits, and the continued impact of higher incentives on its portfolio had dented earnings. Its share price dropped one percent. It took other really state investment trusts with it, including Center and Mervak. Real estate stocks broadly didn't have a great day. The good news, though, is that Dexas boss Ross Duvenet was reasonably upbeat about prospects for city office markets as workers get back to their desks. Story number four in financial services challenged. Your share price tumbled nine percent, worst on the day of the top two hundred, even though it posted a twelve percent increase in earnings. The result was lower than forecast and the business is undertaking a big cost cutting exercise. One of the current share market Darling's wealth management platform group Hub twenty four surged five percent after a denounced day fifty percent jump in profit ahead of expectations. It's up twenty four percent this year one hundred and thirty one percent over the past year, and HMC Capital rowse eleven percent after assets under management jumped forty five percent in the half year to the end of December, with a significant profit contribution from its private equity division. Finally, story number five, a Delta Airlines regional jet flipped upside down upon landing at Canada's Toronto Pearson Airport this morning. It was amid at windy weather following a snowstorm injuring eighteen of the eighty people on board. Remarkably, no one died. Three people on the flight that Oridgin donated in Minneapolisant Paul International Airport suffered critical injuries, among them a child. Authority said. Delta said a CIJ nine hundred aircraft operated by its Endeavor Air subsidiary was involved in a single aircraft accident with seventy six passengers and four crew members on board. According to Reuter's, Canadian authorities said they'll investigate the cause of the crash, which isn't yet known as it For the Afternoon Report for Tuesday, the eighteenth of February twenty twenty five, make sure you hit follow on the podcast. We will be back tomorrow morning with the Wednesday edition of the Past five Business Years by Fear and Gree I'm Sean Elmer. Enjoy your Eavenek