Fear and Greed Afternoon Report | 27 Mar 2025

Published Mar 27, 2025, 6:08 AM

This is the Fear and Greed Afternoon Report - the top five things you need to know today, in just five minutes.

  1. ASX lower
  2. Dutton: lower petrol prices
  3. Domain higher bid
  4. Trump on defence
  5. Meta under fire

Welcome to the Fear and Greed Business News Afternoon Report for Thursday, the twenty seventh of March twenty twenty five. I'm Sean Aylmer. Every afternoon, we've got the five stories that happened today that you need to know about. Story in one. The ASX two hundred closed down around half a percent today, with the tech stocks hit hardest. When there's turmoil in the US and on Wall Street, the local tech stocks tend to feel it most wise, Tech Global, Software Group, Technology one, and Data Center own It next DC all fell. Worst of the top two hundred was pro Medicus, down eight percent, in Zipco finished seven percent lower. Is also a tough day for the property sector. Pathology Services provide a healy S jump to eleven percent after announcing a fully franked special dividend following the sale of subsidiary Loomis Imaging. Ramsey Healthcare rebounded, finishing up five percent. The announcement of a twenty five percent tariff on cars and parts entering the US hit the local market, with parts maker bapcor and AARB Corporation falling, as did dealership group Eigers Automotive Story number two Opposition leader Peter Dutton will provide his budget response tonight, and the centerpiece will be a promise to lower household costs by cutting the price of petrol by reducing excise tax on petroleum for a year that theoretically would reduce the cost of petrol by about twenty five cents a liter or fourteen dollars a tank. That compares to the Albanezi government's tax cuts of about ten dollars a week, although the full amount doesn't kick in four eighteen months or so, those cuts have already passed parliament. That happened last night, so we have tax cuts up against lower fuel costs in the upcoming election, which according to some analysts, might be called as early as tomorrow. Story number three US real estate giant Costar has put Ford a second higher offer for Domain, saying its bid of four dollars forty three a share is the best and final offer that actually triggered a drop in Domains share price. Investors expected another bid by Costar, but wanted it to be closer to four dollars sixty. The revised bid is five and a half per cent higher than its initial offer, in forty percent higher than where Domain was trading ahead of the original offer. On twenty to February, the Board of Domain, Australia's scond biggest property sales platform, has opened the doors to co Star to do due diligence. Nine entertainment owns and sixty percent of Domain. It's worth about one point four billion dollars under the revised offer. It will be the decision maker on whether the deal goes ahead or not. Sorry number four. Donald Trump is struggling to fend off criticism over at the inadvertent inclusion of a journalist in a signal chat discussing military actions in Yemen. The journalist was Atlantic editor Jeffrey Goldberg, and yesterday morning he published the texts. It shows how Defense Secretary Peter Hexath revealed specific operation details of attacks on Yemen before and as they were occurring. There's a text message from Hexath to the full group, which included Vice President J. D. Vance Waltz and others, giving precise times for two waves of US attacks and featuring details of what weapons system would be used. The Trump administration has responded by attacking gold So again the Atlantic, saying the text messages didn't amount to warplans or classified information. Mind Jim even some Republicans in Congress publicly aren't really buying that line and story number five, Meta is alleged to have deliberately and explicitly authorized a raid on two massive digital warehouses have stolen intellectual property to help train its latest AI model, Lama three, without attribution or financial recompense. Author's works have been uploaded to large language models. According to Form's magazine, the accusation is that Meta realized they needed high quality content to populate its large language model. That's the basis of AI, and books provide that, so they used digital warehouses Libgen and Enna's archive to access books and other content. The allegation is that Mark Zuckerberg greenlit the alleged theft. Meta's response is that it comes under fair use provisions and says LAMA three uses information but transforms the content into new output. That's it for the Afternoon Report for Thursday, the twenty seventh of March 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 Peer and Greed. I'm sure I elma enjoy your evening.

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