Now in the markets today, the energy sector was one of the big winners thanks to good news for Woodside Energy. The LNG giant has won approval for a massive gas project from the federal government, with the Environment Minister Murray Watt giving the green light to continue what is Australia's largest oil and gas project after it's been under review for the past six years now. The approval will see the Northwest Shelf gas development extend its life right through until twenty seventy and that really does set the future in stone for Woodside, although it may choose, of course not to operate the project for that full length of time. The plan will also not involve any further gas fields of opening up, but the move is still very significant. Fourteen percent of the wa domestic power supply comes from the Woodside network and it's been operating for over four decades now, paying forty billion dollars in royalties over that time. And Woodside now has a week to respond to the conditions, but the company has very much welcomed the news. Here's Cee Meg O'Neill speaking today.

Now in the markets today, the energy sector was one of the big winners thanks to good news for Woodside Energy. The LNG giant has won approval for a massive gas project from the federal government, with the Environment Minister Murray Watt giving the green light to continue what is Australia's largest oil and gas project after it's been under review for the past six years now. The approval will see the Northwest Shelf gas development extend its life right through until twenty seventy and that really does set the future in stone for Woodside, although it may choose, of course not to operate the project for that full length of time. The plan will also not involve any further gas fields of opening up, but the move is still very significant. Fourteen percent of the wa domestic power supply comes from the Woodside network and it's been operating for over four decades now, paying forty billion dollars in royalties over that time. And Woodside now has a week to respond to the conditions, but the company has very much welcomed the news. Here's Cee Meg O'Neill speaking today.

I'm happy for our ability to continue to provide reliable domestic gaus to other customers in Western Australia as we've done for forty years, as well as continue to meet our obligations to our LNG export customers. So with this we've got some conditions and as the Minister noted, it as a draft approval, so we've got a ten day window to work with the Department to understand the conditions.

I'm happy for our ability to continue to provide reliable domestic gaus to other customers in Western Australia as we've done for forty years, as well as continue to meet our obligations to our LNG export customers. So with this we've got some conditions and as the Minister noted, it as a draft approval, so we've got a ten day window to work with the Department to understand the conditions.

So you know, Meg O'Neil and the news was also welcomed by investors, with Woodside rising three point two percent to twenty two dollars and twelve and that took the entire energy sector with it. So let's check the rest of the market.

So you know, Meg O'Neil and the news was also welcomed by investors, with Woodside rising three point two percent to twenty two dollars and twelve and that took the entire energy sector with it. So let's check the rest of the market.

And now on Money News, The market.

And now on Money News, The market.

Rabbit and a goodnight on Wall Street put expectations on the table for the ASX today, with the Dow, the Nasdaq and the S and P five hundred all up by more than one point eight percent. Our day did start well for the local boss, climbing almost fifty points higher at the open, but a slide after the first half hour of trade eventually saw the market close down point one percent or ten points, to eighty three hundred and ninety six. The spun off Web Travel Group saw its shares rocket twelve point four percent to five dollars twenty six, after saying its bookings had grown and the company was back on track. Goodman Group lifted point nine percent to thirty two dollars ninety six on its third quarter update, up over one percent. Was Aria, Promedicus and Quantus. The big four banks all went backwards, Nabbed the worst, down one point one percent. Mineral Resources cut its full year guidance on iron ore and that sent shares down five point five percent to twenty two dollars forty five, while Fisher and Pikel Healthcare dropped four point eight percent to thirty two dollars forty nine, despite revenue climbing over two billion dollars for the first time. But for all things Woodside, who better to speak to than our wa connection, Carl Capolingua, Senior editor at Market Index, Car, good to talk to you again. Good evening, deb So let's talk wood Side. It's been in a slump, with the share price down twenty percent in the past year, even as it did announce big projects in the US. How big was this decision today, this approval for the company.

Rabbit and a goodnight on Wall Street put expectations on the table for the ASX today, with the Dow, the Nasdaq and the S and P five hundred all up by more than one point eight percent. Our day did start well for the local boss, climbing almost fifty points higher at the open, but a slide after the first half hour of trade eventually saw the market close down point one percent or ten points, to eighty three hundred and ninety six. The spun off Web Travel Group saw its shares rocket twelve point four percent to five dollars twenty six, after saying its bookings had grown and the company was back on track. Goodman Group lifted point nine percent to thirty two dollars ninety six on its third quarter update, up over one percent. Was Aria, Promedicus and Quantus. The big four banks all went backwards, Nabbed the worst, down one point one percent. Mineral Resources cut its full year guidance on iron ore and that sent shares down five point five percent to twenty two dollars forty five, while Fisher and Pikel Healthcare dropped four point eight percent to thirty two dollars forty nine, despite revenue climbing over two billion dollars for the first time. But for all things Woodside, who better to speak to than our wa connection, Carl Capolingua, Senior editor at Market Index, Car, good to talk to you again. Good evening, deb So let's talk wood Side. It's been in a slump, with the share price down twenty percent in the past year, even as it did announce big projects in the US. How big was this decision today, this approval for the company.

Well, it's big in terms of it being a big project. So, as you said, you know, four percent of my state's gas supply. It's about ten percent overall of the country's supply. It's an important project, you know, just in terms of its overall strategic portfolio. But to be fair, you know that any say that the decision has been about six years in the making and came out today only because the Labor government didn't want to release it before the election to sort of, you know, you didn't want to get any bad press on there.

Well, it's big in terms of it being a big project. So, as you said, you know, four percent of my state's gas supply. It's about ten percent overall of the country's supply. It's an important project, you know, just in terms of its overall strategic portfolio. But to be fair, you know that any say that the decision has been about six years in the making and came out today only because the Labor government didn't want to release it before the election to sort of, you know, you didn't want to get any bad press on there.

Will signal good times ahead for the company.

Will signal good times ahead for the company.

It's one of those things we always say that, you know, investors don't like uncertainty, so it's one element of uncertainty that's been removed, and that's why the share price is up today. But you know, I think markets, when it comes to Woodside, we're more interested in what overall commodity prices are doing. So if you look at you said it stocks down about twenty percent over the last twelve months, all prices are down about twenty percent. Natural gas prices are down sort of a similar amount. So I think that's having a bigger impact looking forward, and even bigger impact I think will come from the US projects. Also alluded to that, and that's really I think the future forward side. We know that the current Crump administration is very much pro exploration, pro energy development. There and there Louisiana Project, which they've just green lighted, is going to become a major, major and many analysts calling it really a company maker looking to double woodside production to by twenty thirty. So I think that's the future, as you say, for the company. But in the short term now, it's still very much about the prices, and commodity prices are.

It's one of those things we always say that, you know, investors don't like uncertainty, so it's one element of uncertainty that's been removed, and that's why the share price is up today. But you know, I think markets, when it comes to Woodside, we're more interested in what overall commodity prices are doing. So if you look at you said it stocks down about twenty percent over the last twelve months, all prices are down about twenty percent. Natural gas prices are down sort of a similar amount. So I think that's having a bigger impact looking forward, and even bigger impact I think will come from the US projects. Also alluded to that, and that's really I think the future forward side. We know that the current Crump administration is very much pro exploration, pro energy development. There and there Louisiana Project, which they've just green lighted, is going to become a major, major and many analysts calling it really a company maker looking to double woodside production to by twenty thirty. So I think that's the future, as you say, for the company. But in the short term now, it's still very much about the prices, and commodity prices are.

Down, and the other big news today the inflation numbers, which I mentioned at the start.

Down, and the other big news today the inflation numbers, which I mentioned at the start.

Of the show.

Of the show.

The market did fall after the CPI figures for the month of April came out. Would there have been hopes of a lower number and then more cuts from investors? Is that what meant the fall happened?

The market did fall after the CPI figures for the month of April came out. Would there have been hopes of a lower number and then more cuts from investors? Is that what meant the fall happened?

Yeah, I agree with that statement. Market was looking for a slightly lower number, but only slightly lower. I think we're zero point one of a percent above the expectations. There's still a few little sort of nagging bits and pieces in there. Fresh produce prices, egg prices, we were probably feeling that at the moment, travel prices has been stubbornly high. But look, overall, we're talking about the ninth straight month coming inside the RBAS two to three percent target bands. You know that's the trend. And I don't think this will really move the dial for the RBA or prevent them from cutting rates. Markets are still market's about fifty to fifty for another one in July. I don't think that will happen. I think most people are expecting August now and then depending on who you talk to, most analysts split between one other cut after that or two other cuts after that. So potentially up to seventy five bus its points lower, bidy.

Yeah, I agree with that statement. Market was looking for a slightly lower number, but only slightly lower. I think we're zero point one of a percent above the expectations. There's still a few little sort of nagging bits and pieces in there. Fresh produce prices, egg prices, we were probably feeling that at the moment, travel prices has been stubbornly high. But look, overall, we're talking about the ninth straight month coming inside the RBAS two to three percent target bands. You know that's the trend. And I don't think this will really move the dial for the RBA or prevent them from cutting rates. Markets are still market's about fifty to fifty for another one in July. I don't think that will happen. I think most people are expecting August now and then depending on who you talk to, most analysts split between one other cut after that or two other cuts after that. So potentially up to seventy five bus its points lower, bidy.

We'll see what the next unemployment that could factor into the decision.

We'll see what the next unemployment that could factor into the decision.

Making absolutely yes.

Making absolutely yes.

Now across the Ditch, New Zealand, the Reserve Bank of New Zealand they cut their rates for the sixth meeting in a row. They had raised their cash rate higher than our RBA did. But how does their situation compare to ours?

Now across the Ditch, New Zealand, the Reserve Bank of New Zealand they cut their rates for the sixth meeting in a row. They had raised their cash rate higher than our RBA did. But how does their situation compare to ours?

Yes, not good. Unfortunately our Keeley friends across the ditch, no economy in far worse shape. And we look at the statement today for the RBN said they said, you know, we said their economy has suffered, it is recovering after a period of contraction, and they cite high commodity prices. So now we high commodity prices deep you know, that's a boon of price. So you can see the difference between the two situations there. So they have had to cut rates substantially more so, you know, we're rejoicing over twenty five busus points cuts. They've had over two percent of cuts since they peaked at five point five percent. And you could easily argue that they whack them up all way too high and that maybe our RBA have done very very well in their strategy too.

Yes, not good. Unfortunately our Keeley friends across the ditch, no economy in far worse shape. And we look at the statement today for the RBN said they said, you know, we said their economy has suffered, it is recovering after a period of contraction, and they cite high commodity prices. So now we high commodity prices deep you know, that's a boon of price. So you can see the difference between the two situations there. So they have had to cut rates substantially more so, you know, we're rejoicing over twenty five busus points cuts. They've had over two percent of cuts since they peaked at five point five percent. And you could easily argue that they whack them up all way too high and that maybe our RBA have done very very well in their strategy too.

Well, take that shell Bullock. I'm sure she'll be happy for the praise. And look, we talk about artificial intelligence a lot for good reason. But Goodman Group, it's banking on data centers to drive its future growth. Do you think that's smart strategy or is it a bit of a risk putting all of its eggs into the one digital basket?

Well, take that shell Bullock. I'm sure she'll be happy for the praise. And look, we talk about artificial intelligence a lot for good reason. But Goodman Group, it's banking on data centers to drive its future growth. Do you think that's smart strategy or is it a bit of a risk putting all of its eggs into the one digital basket?

Now, well, I think it's a smart strategy. Most I guess analysts would agree with that. I mean AI is going to be a transformational technology. I think that's where we all accept that's going to be a case. And AI needs data centers to exist and to progress, and GMG are definitely moving into that area. Are You're looking at about half of their new developments a data center related, So that's not really all their eggs in that basket just yet, but it is definitely a big era of focus going forward. They've got about thirteen projects at the moment and about ten billion dollars worth of developments in progress. Now, that's still fairly well balanced between your sort of logistics assets that they have, and that was the big thing for them during COVID, that's what saved them really, so that's still a big part of it. But they did say today that in that era of the market, they've seen a little bit of trepidation among customers because of the trade situation, so that's interesting as well. But no, still full steamhead on data centers there, Okay.

Now, well, I think it's a smart strategy. Most I guess analysts would agree with that. I mean AI is going to be a transformational technology. I think that's where we all accept that's going to be a case. And AI needs data centers to exist and to progress, and GMG are definitely moving into that area. Are You're looking at about half of their new developments a data center related, So that's not really all their eggs in that basket just yet, but it is definitely a big era of focus going forward. They've got about thirteen projects at the moment and about ten billion dollars worth of developments in progress. Now, that's still fairly well balanced between your sort of logistics assets that they have, and that was the big thing for them during COVID, that's what saved them really, so that's still a big part of it. But they did say today that in that era of the market, they've seen a little bit of trepidation among customers because of the trade situation, so that's interesting as well. But no, still full steamhead on data centers there, Okay.

Now, Fisher and Pikell Healthcare, which makes products for things like respiratory care, sleep athnea, it gave the market great news on its results today. Why did the market take it so badly?

Now, Fisher and Pikell Healthcare, which makes products for things like respiratory care, sleep athnea, it gave the market great news on its results today. Why did the market take it so badly?

Yeah? Look it was hey rip a results. Revenue up sixteen percent at the top end of in fact above the company's guidance range, so better than what they were predicting. Profit up thirty percent, but the problem for many companies, and I think this is one of the most common inquiries I get from our readers is hey, Carl, you know it does seemed like a great result, yet the stock went town. And often it's because of the guidance. So you know, us antlasts. We like to see a good result, but largely most of that's baked in and we really want to see what the guidance is for the next six months or twelve months. And in this case, FBI's guidance was a little bit of a miss. So we were hoping to just give you an example and revenue. We're hoping for about two point three million and they're predicting two point one five two point twenty five, so it's a small miss, but it's a miss, and sometimes they get mad to find when you know investors were all hoping for the same thing. So that's what happens today. It was more about the future and not the past.

Yeah? Look it was hey rip a results. Revenue up sixteen percent at the top end of in fact above the company's guidance range, so better than what they were predicting. Profit up thirty percent, but the problem for many companies, and I think this is one of the most common inquiries I get from our readers is hey, Carl, you know it does seemed like a great result, yet the stock went town. And often it's because of the guidance. So you know, us antlasts. We like to see a good result, but largely most of that's baked in and we really want to see what the guidance is for the next six months or twelve months. And in this case, FBI's guidance was a little bit of a miss. So we were hoping to just give you an example and revenue. We're hoping for about two point three million and they're predicting two point one five two point twenty five, so it's a small miss, but it's a miss, and sometimes they get mad to find when you know investors were all hoping for the same thing. So that's what happens today. It was more about the future and not the past.

They can't win great result and you're punished them. Goodness me.

They can't win great result and you're punished them. Goodness me.

Yes, we always want more those gigs.

Yes, we always want more those gigs.

Greedy markets at work and going strong. Good on your car. Great to talk. Thanks hav cal Coppling with their senior editor at Market Index with our nightly market rap on the currency market. The news on inflation today didn't help our dollar. It fell again today, down to sixty four point four US sense. One dollar is also worth forty seven point seven British pence, fifty six eurocents, ninety two Japanese yen, and we'll get you one dollar and seven New Zealand And for tonight's random currency, we're heading off to the Seychelles, off the coast of East Africa. It's made up of one hundred and fifteen islands in the Indian Ocean and is the only archipelago in the world that's made up of granite. It's rare, apparently for these islands not to be formed by volcanic activity or coral but the Seychelles is formed from the much stronger stuff from granite. It used to be a haven for pirates, with lots of legends of hidden treasures in the Seychelles. And if you want a head there, one Aussie dollar will get you nine point one seven Seychelle Wi rupees, which is our random currency of the day.

Greedy markets at work and going strong. Good on your car. Great to talk. Thanks hav cal Coppling with their senior editor at Market Index with our nightly market rap on the currency market. The news on inflation today didn't help our dollar. It fell again today, down to sixty four point four US sense. One dollar is also worth forty seven point seven British pence, fifty six eurocents, ninety two Japanese yen, and we'll get you one dollar and seven New Zealand And for tonight's random currency, we're heading off to the Seychelles, off the coast of East Africa. It's made up of one hundred and fifteen islands in the Indian Ocean and is the only archipelago in the world that's made up of granite. It's rare, apparently for these islands not to be formed by volcanic activity or coral but the Seychelles is formed from the much stronger stuff from granite. It used to be a haven for pirates, with lots of legends of hidden treasures in the Seychelles. And if you want a head there, one Aussie dollar will get you nine point one seven Seychelle Wi rupees, which is our random currency of the day.