Welcome to the Fear and Green Business News Afternoon Report for Monday, the second of June twenty twenty five. I'm Sean Almer. Every afternoon, we've got the five stories that happened today that you need to know about storing them one there s and PASX two hundred closed down zero point two percent today four hundred and fourteen points. There's a pretty poor session with energy stocks leading the way lower. They had plenty of friends. Westpac and National Astralia Bank both fell one percent, as did Requary Group. Fortes qu Metals Group and Rare were both down more than two percent, while BHP was off one point two percent. The best performers were the steady stocks less dependent on economic conditions. Companies like Telstra, Transurban, Woollis and Coles Zero, Brambles and QBA Insurance were among the best performers. In corporate news, James Hardy rose after securing new debt totaling three and a half billion dollars with broad support including thirty participating banks, to contribute to its takeover of Azek. Perpetual jumped after the finn Review reported that Bain Capital had made a first round bid for the group's five hundred million dollar oddit wealth management business, and Eager's Automotive is extending its share buy back for a further twelve months. Sorry number two. Prime Minister Anthony Alberizi says he's considering introducing low and zero interest loans to assist farmers through the drought. The Prime Minister said the nation is seeing more extreme weather events of different varieties and the government is working with farmer groups to address the challenges. He said there are already some provisions for loans and the government's considering more. There's also more money for the Rural Financial Counseling Service to assist farmers through the challenging period. Straight number three. One company who doesn't mind a hike in tariffs from the US is Bluescope Steel. It owns a big meal in Ohio and could well be a winner from Donald Trump's announcement over the weekend to lift tariffs on steel and aluminum to fifty percent. Bluescope's US operations supply automotive, white goods and agricultural industries in total about three million tons of steel a year. That's about ten times the output of its port Kembler operation in New South Wales. Its share price jumped five percent today. Story number four. One of the big debates at the moment in financial markets is whether the US would ever default, given the multi trillion dollar legislation Donald Trump is trying to push through. It's always been a theoretical possibility, but most pundits don't think whatever actually happen. But that is now being questioned, and overnight US Treasury Secretary Scott Besant said the US is never going to default now. Just the fact that he felt out to say it is of consequence. Otherwise, in global markets, iron or is training at a one month low on the back of the doubling of steel and aluminium tariffs by the US. Oil rose about two percent to just over sixty four US dollars a barrel. Gold rose on the back of heightened geopolitical tensions and story number five. It happened in the US, now it's happening here. Investors are dumping at gold ETFs and heading for cryptocurrencies. Last month, bitcoin exchange traded funds attracted eighty seven point three million dollars in Australium, compared to just one and a half million dollars for gold bullion ETFs. According to van Neck, if investors got in early, they probably made some money. With bitcoin up ten percent during May, it actually hit an all time high at one point of just under one hundred twelve thousand US dollars a unit. That compares to a slight dropping goal prices in recent sessions. The bitcoin has come back. It's now training around one hundred and five thousand US dollars a unit. That's it the Afternoon Report for Monday, the second of June twenty twenty five. Make sure you hit following on the podcast. We will be back tomorrow morning with a Tuesday edition of Fear and Greed Business Unions. I'm sure Elmer enjoying your evening

Welcome to the Fear and Green Business News Afternoon Report for Monday, the second of June twenty twenty five. I'm Sean Almer. Every afternoon, we've got the five stories that happened today that you need to know about storing them one there s and PASX two hundred closed down zero point two percent today four hundred and fourteen points. There's a pretty poor session with energy stocks leading the way lower. They had plenty of friends. Westpac and National Astralia Bank both fell one percent, as did Requary Group. Fortes qu Metals Group and Rare were both down more than two percent, while BHP was off one point two percent. The best performers were the steady stocks less dependent on economic conditions. Companies like Telstra, Transurban, Woollis and Coles Zero, Brambles and QBA Insurance were among the best performers. In corporate news, James Hardy rose after securing new debt totaling three and a half billion dollars with broad support including thirty participating banks, to contribute to its takeover of Azek. Perpetual jumped after the finn Review reported that Bain Capital had made a first round bid for the group's five hundred million dollar oddit wealth management business, and Eager's Automotive is extending its share buy back for a further twelve months. Sorry number two. Prime Minister Anthony Alberizi says he's considering introducing low and zero interest loans to assist farmers through the drought. The Prime Minister said the nation is seeing more extreme weather events of different varieties and the government is working with farmer groups to address the challenges. He said there are already some provisions for loans and the government's considering more. There's also more money for the Rural Financial Counseling Service to assist farmers through the challenging period. Straight number three. One company who doesn't mind a hike in tariffs from the US is Bluescope Steel. It owns a big meal in Ohio and could well be a winner from Donald Trump's announcement over the weekend to lift tariffs on steel and aluminum to fifty percent. Bluescope's US operations supply automotive, white goods and agricultural industries in total about three million tons of steel a year. That's about ten times the output of its port Kembler operation in New South Wales. Its share price jumped five percent today. Story number four. One of the big debates at the moment in financial markets is whether the US would ever default, given the multi trillion dollar legislation Donald Trump is trying to push through. It's always been a theoretical possibility, but most pundits don't think whatever actually happen. But that is now being questioned, and overnight US Treasury Secretary Scott Besant said the US is never going to default now. Just the fact that he felt out to say it is of consequence. Otherwise, in global markets, iron or is training at a one month low on the back of the doubling of steel and aluminium tariffs by the US. Oil rose about two percent to just over sixty four US dollars a barrel. Gold rose on the back of heightened geopolitical tensions and story number five. It happened in the US, now it's happening here. Investors are dumping at gold ETFs and heading for cryptocurrencies. Last month, bitcoin exchange traded funds attracted eighty seven point three million dollars in Australium, compared to just one and a half million dollars for gold bullion ETFs. According to van Neck, if investors got in early, they probably made some money. With bitcoin up ten percent during May, it actually hit an all time high at one point of just under one hundred twelve thousand US dollars a unit. That compares to a slight dropping goal prices in recent sessions. The bitcoin has come back. It's now training around one hundred and five thousand US dollars a unit. That's it the Afternoon Report for Monday, the second of June twenty twenty five. Make sure you hit following on the podcast. We will be back tomorrow morning with a Tuesday edition of Fear and Greed Business Unions. I'm sure Elmer enjoying your evening