Welcome to the Fear and Greed Business News Afternoon Report for Tuesday, the twenty seven to May twenty twenty five. I'm sure in Aylmer every afternoon we've got the five stories that happened today that you need to know about. Story number one was a pretty quiet day on the market today on the back of public holidays in the US and UK overnight. By the clothes, the SMPASX two hundred was up a little over half percent to eighty four hundred and eight points. Among the large caps, Westpac, ain Z and mcquarie outperformed, as did Aristocrat Leisure. Aria was lower, while Neuwmont went ex dividend his share price dropped about one percent. Woodside Energy was up slightly ahead of an expected announcement from the federal government allowing its north West Shelf gas project. Iron Ally was training at a two week low under ninety seven US dollars a ton that put pressure on the big miners. Story number two. One of Australia's best known judges, Justice Michael Lee, has warned directors of companies that if they pocket cash from their roles, then they need to do the work. The warning came as the corporate regular wraps up its case against the former board of troubled casino operator Star Entertainment. Justice Lee, known for sudden flourishers, warned he has grown frustrated by the Stars director's argument that they should not have the burden of going through hundreds of pages of documents that may have shed light on money laundering by junket operators. The Australian Securities and Investments Commission is suing nine former Star executives and directors, alleging they fail to appropriately manage risk and open the company up to serious harm. According to the fin review. Over to Justice Lee, and I quote, people just can't keep on saying that, oh well, it's all too difficult for us to read the material that's presented to a board. These non executive directors say, well, don't give me all the director's fees. Please don't give me all the director's fees because I can't get through the work. I don't think that happens. I agree with Justice Lee on that one. Story Number three, Former Reserve Bank Governor Philip Lowe says the rising cost of energy in Australia has become a national liability, saying importing LNG to sole forecast gas shortfalls isn't a good option. Speaking at a gas industry conference in Brisbane, Lowe's said energy policy was one of many levers that governments could pull to address stagnating productivity. He said energy has turned from a national asset to a national liability. While Australia has some great energy assets, it's also got unreliable and high cost energy liabilities. Lowe said it is key to find more domestic supply, adding that more supplies needed in a bunch of sectors including housing, capital and infrastructure, which is why productivity is so important. Story number four. There are rumors in the market that an offshore group is closing in on mac Copper, an ASX listed company that only hit the boors fifteen months ago. Mac Copper, a small miner with a market cap of around one point three billion dollars, went into a training halt this morning. The company, used to be known as Metal's Acquisition Corporation, operates a copper mine near Coba and western New South Wales. The rumors sent other copper miners higher, including Capstone Copper and Sandfire Resources and finally Astoria. Number five four children are among almost fifty people injured after a car plowed into a crowd during Liverpool Football Club's Premier League victory parade overnight. Some twenty seven people were taken to hospital. Two suffered serious injuries, including a child. A fifty three year old British Man has been arrested and is believed to be the driver with the vehicle. According to the BBC, please are not treating the incident as terrorism. Thousands of people were celebrating on the city streets after Liverpool won the English Premier League this season. That's it for the afternoon report for Tuesday, the twenty seventh of May twenty twenty five. Make sure you hit follhom on the podcast. We will be back tomorrow morning with a Wednesday edition of Fear and Greed Business Unions. I'm schanielma. Enjoy your evening.

Welcome to the Fear and Greed Business News Afternoon Report for Tuesday, the twenty seven to May twenty twenty five. I'm sure in Aylmer every afternoon we've got the five stories that happened today that you need to know about. Story number one was a pretty quiet day on the market today on the back of public holidays in the US and UK overnight. By the clothes, the SMPASX two hundred was up a little over half percent to eighty four hundred and eight points. Among the large caps, Westpac, ain Z and mcquarie outperformed, as did Aristocrat Leisure. Aria was lower, while Neuwmont went ex dividend his share price dropped about one percent. Woodside Energy was up slightly ahead of an expected announcement from the federal government allowing its north West Shelf gas project. Iron Ally was training at a two week low under ninety seven US dollars a ton that put pressure on the big miners. Story number two. One of Australia's best known judges, Justice Michael Lee, has warned directors of companies that if they pocket cash from their roles, then they need to do the work. The warning came as the corporate regular wraps up its case against the former board of troubled casino operator Star Entertainment. Justice Lee, known for sudden flourishers, warned he has grown frustrated by the Stars director's argument that they should not have the burden of going through hundreds of pages of documents that may have shed light on money laundering by junket operators. The Australian Securities and Investments Commission is suing nine former Star executives and directors, alleging they fail to appropriately manage risk and open the company up to serious harm. According to the fin review. Over to Justice Lee, and I quote, people just can't keep on saying that, oh well, it's all too difficult for us to read the material that's presented to a board. These non executive directors say, well, don't give me all the director's fees. Please don't give me all the director's fees because I can't get through the work. I don't think that happens. I agree with Justice Lee on that one. Story Number three, Former Reserve Bank Governor Philip Lowe says the rising cost of energy in Australia has become a national liability, saying importing LNG to sole forecast gas shortfalls isn't a good option. Speaking at a gas industry conference in Brisbane, Lowe's said energy policy was one of many levers that governments could pull to address stagnating productivity. He said energy has turned from a national asset to a national liability. While Australia has some great energy assets, it's also got unreliable and high cost energy liabilities. Lowe said it is key to find more domestic supply, adding that more supplies needed in a bunch of sectors including housing, capital and infrastructure, which is why productivity is so important. Story number four. There are rumors in the market that an offshore group is closing in on mac Copper, an ASX listed company that only hit the boors fifteen months ago. Mac Copper, a small miner with a market cap of around one point three billion dollars, went into a training halt this morning. The company, used to be known as Metal's Acquisition Corporation, operates a copper mine near Coba and western New South Wales. The rumors sent other copper miners higher, including Capstone Copper and Sandfire Resources and finally Astoria. Number five four children are among almost fifty people injured after a car plowed into a crowd during Liverpool Football Club's Premier League victory parade overnight. Some twenty seven people were taken to hospital. Two suffered serious injuries, including a child. A fifty three year old British Man has been arrested and is believed to be the driver with the vehicle. According to the BBC, please are not treating the incident as terrorism. Thousands of people were celebrating on the city streets after Liverpool won the English Premier League this season. That's it for the afternoon report for Tuesday, the twenty seventh of May twenty twenty five. Make sure you hit follhom on the podcast. We will be back tomorrow morning with a Wednesday edition of Fear and Greed Business Unions. I'm schanielma. Enjoy your evening.