1 00:00:03,680 --> 00:00:06,440 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,480 --> 00:00:09,080 Speaker 1: for Friday, the eleventh of October twenty twenty four. I'm 3 00:00:09,080 --> 00:00:11,760 Speaker 1: suan Alma. Every afternoon, we've got the five stories that 4 00:00:11,880 --> 00:00:13,920 Speaker 1: happened today that you need to know about. Strat number one, 5 00:00:14,000 --> 00:00:16,520 Speaker 1: there's some pasex. The two hundred closed down just to 6 00:00:16,520 --> 00:00:19,800 Speaker 1: touch today to finish at eighty two hundred and fifteen 7 00:00:19,840 --> 00:00:22,079 Speaker 1: points for the week. The BOSS was up about zero 8 00:00:22,120 --> 00:00:25,320 Speaker 1: point seven percent today. The energy and utilities sectors were 9 00:00:25,320 --> 00:00:28,160 Speaker 1: among the best and the materials among the worst, though 10 00:00:28,160 --> 00:00:31,120 Speaker 1: it wasn't a particularly busy day. The big banks were mixed. 11 00:00:31,160 --> 00:00:34,320 Speaker 1: BHP and fortes qu Metals Group were both down around 12 00:00:34,360 --> 00:00:36,840 Speaker 1: one percent. Wise, tech Global was off one point seven percent, 13 00:00:37,040 --> 00:00:39,760 Speaker 1: while zero finished more than one percent higher. Stro At 14 00:00:39,840 --> 00:00:42,480 Speaker 1: number two. Foreign Minister Penny Wong say's less than half 15 00:00:42,479 --> 00:00:45,879 Speaker 1: a billion dollars worth of trade impediments remain. After a 16 00:00:45,960 --> 00:00:49,280 Speaker 1: deal was sealed with China to create a timetable to 17 00:00:49,360 --> 00:00:53,080 Speaker 1: allow the full resumption of Australian live rock lobstock exports 18 00:00:53,120 --> 00:00:55,360 Speaker 1: by the end of this year. Senator Wong said the 19 00:00:55,520 --> 00:00:58,319 Speaker 1: rock lobster trade was worth seven hundred million dollars when 20 00:00:58,320 --> 00:01:01,080 Speaker 1: the industry was shut down in twenty two twenty. China 21 00:01:01,120 --> 00:01:04,840 Speaker 1: halted what globster imports in twenty twenty after Australia called 22 00:01:04,880 --> 00:01:07,600 Speaker 1: for a review of China's role in the origins of 23 00:01:07,720 --> 00:01:11,680 Speaker 1: COVID nineteen, but claimed it was due to biosecurity concerns 24 00:01:11,680 --> 00:01:14,119 Speaker 1: held by the Chinese. Now, Trade Minister Don Farrell today 25 00:01:14,319 --> 00:01:17,960 Speaker 1: said the government had resolved all the biosecurity issues surrounding 26 00:01:18,360 --> 00:01:22,400 Speaker 1: lobster imports. Meanwhile, Senator Wang set a flight scheduled to 27 00:01:22,520 --> 00:01:26,319 Speaker 1: leave Lebanon on Sunday. That's this Sunday, the thirdinth of October, 28 00:01:26,720 --> 00:01:30,680 Speaker 1: will be the last taxpayer funded plane to leave the country, 29 00:01:31,000 --> 00:01:34,480 Speaker 1: and she encouraged Australian citizens and residents to leave Lebanon 30 00:01:34,959 --> 00:01:37,520 Speaker 1: storry number three. Hotter than expected inflation data and a 31 00:01:37,600 --> 00:01:40,240 Speaker 1: jump in jobless claims in the United States has fanned 32 00:01:40,280 --> 00:01:43,880 Speaker 1: concerns about the US economy slowing down, while price rises 33 00:01:44,240 --> 00:01:47,920 Speaker 1: remained high, pushing investors to save haven assets like gold. 34 00:01:48,040 --> 00:01:50,680 Speaker 1: The price of the precious metal jumped to two thousand, 35 00:01:50,760 --> 00:01:53,040 Speaker 1: six hundred and thirty three US dollars an ounce overnight 36 00:01:53,360 --> 00:01:55,400 Speaker 1: That helped a bunch of gold miners on the ASEX 37 00:01:55,400 --> 00:02:00,520 Speaker 1: including Regi's Resources Capricorn Metals into Gray Mining. Brncrude remains high, 38 00:02:00,560 --> 00:02:03,000 Speaker 1: trading around seventy nine at US dollars a barrel, while 39 00:02:03,040 --> 00:02:05,920 Speaker 1: the Aussie dollar is lower heading into the weekend, buying 40 00:02:05,960 --> 00:02:09,239 Speaker 1: sixty seven point four US sinse. Austraightum a four billionaire. 41 00:02:09,240 --> 00:02:13,000 Speaker 1: WIS tech founder Richard White has offloaded around sixty million 42 00:02:13,040 --> 00:02:16,440 Speaker 1: dollars in shares, and the logistics software provider The Tech 43 00:02:16,480 --> 00:02:19,240 Speaker 1: Group CEO sold four hundred and sixty one thousand, eight 44 00:02:19,280 --> 00:02:21,359 Speaker 1: hundred and ninety one shares at around one hundred and 45 00:02:21,400 --> 00:02:24,320 Speaker 1: thirty two dollars apiece, which is close to their all 46 00:02:24,320 --> 00:02:26,840 Speaker 1: time high. Mister White has frequently sold down his stake 47 00:02:26,880 --> 00:02:30,200 Speaker 1: in the company, last month selling forty six million dollars 48 00:02:30,240 --> 00:02:33,200 Speaker 1: worth of shares. Another quirky aside from the market. Today, 49 00:02:33,280 --> 00:02:36,480 Speaker 1: Seven Group Holdings is changing its registered company name to 50 00:02:36,840 --> 00:02:41,120 Speaker 1: SGH Limited. Chief executive Ryan Stokes said Seven has evolved 51 00:02:41,120 --> 00:02:45,280 Speaker 1: into one of Australia's leading industrial focus diversified operating companies 52 00:02:45,440 --> 00:02:48,200 Speaker 1: and the rebrand better aligns the company with its core operations, 53 00:02:48,280 --> 00:02:50,679 Speaker 1: which is another way of saying the company is much 54 00:02:50,720 --> 00:02:52,920 Speaker 1: bigger than the TV station and the name needs to 55 00:02:52,919 --> 00:02:56,200 Speaker 1: affect that and story number five. But Lebanon's at United 56 00:02:56,280 --> 00:03:00,600 Speaker 1: Nations ambassador is calling for an immediate ceasefire, but israelvoys 57 00:03:00,600 --> 00:03:04,680 Speaker 1: says its military operation will continue until hesblask control of 58 00:03:04,720 --> 00:03:07,280 Speaker 1: the south of the country is dismantled and it can't 59 00:03:07,280 --> 00:03:11,760 Speaker 1: attack Israeli's across the border. Lebanon Ambassador Hardi Hutcham told 60 00:03:11,840 --> 00:03:15,160 Speaker 1: an emergency meeting of the Security Council called by France 61 00:03:15,200 --> 00:03:20,079 Speaker 1: that Israel's bombings and invasion won't provide security, safety instability 62 00:03:20,120 --> 00:03:23,400 Speaker 1: for its people. Hutcham said Lebanon is fully committed to 63 00:03:23,440 --> 00:03:26,520 Speaker 1: the French American initiative for a twenty one day ceasefire 64 00:03:27,000 --> 00:03:30,120 Speaker 1: during which they can settle outstanding border issues. According to 65 00:03:30,120 --> 00:03:33,600 Speaker 1: Associated Press, he accused Israel of agreeing to the initiative 66 00:03:33,639 --> 00:03:37,880 Speaker 1: before reneging on it and escalating its aggression. Israel's UN 67 00:03:37,920 --> 00:03:41,760 Speaker 1: ambassador Danny Dennen told the council that Israeli soldiers in 68 00:03:41,760 --> 00:03:45,760 Speaker 1: the field will degrade Hesbela's capabilities, remove their ability to 69 00:03:45,800 --> 00:03:49,920 Speaker 1: launch tax against our people, and diminish the terror network 70 00:03:50,040 --> 00:03:53,680 Speaker 1: that stretches across the south of Lebanon. The comments all 71 00:03:53,720 --> 00:03:56,480 Speaker 1: came as at least twenty two people were killed and 72 00:03:56,640 --> 00:03:59,400 Speaker 1: more than one hundred people wounded in Israeli air strikes 73 00:03:59,400 --> 00:04:02,560 Speaker 1: that hit two airs in central be Route overnight. That's 74 00:04:02,600 --> 00:04:04,760 Speaker 1: it for the afternoon report for Friday, the eleventh of 75 00:04:04,760 --> 00:04:07,640 Speaker 1: October twenty twenty four. Michael Thompson, Adam Lang, and I 76 00:04:07,720 --> 00:04:09,800 Speaker 1: will be back tomorrow morning with the weekend edition of 77 00:04:09,880 --> 00:04:12,960 Speaker 1: Beeer and Greed Business News. I'm seani Elmer, I'm Joey. 78 00:04:13,000 --> 00:04:13,440 Speaker 1: Your evening