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Speaker 1: Welcome to the Fear and Greed Business Years Afternoon Port

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Speaker 1: for Thursday, the night of May twenty twenty four. I'm

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Speaker 1: Sean Elmer. Every afternoon, We've got the five stories that

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Speaker 1: happened today that you need to know about. Storing number one,

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Speaker 1: it was a rough day on the market today, with

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Speaker 1: the SMPASX two hundred closing down one point one percent

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Speaker 1: to seven seven hundred and twenty two points. The consumer

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Speaker 1: discretionary stock suffered most of the damage after JB hi

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Speaker 1: Fi super Retail Group and Baby bunting Or released disappointing

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Speaker 1: sales updates. Financials, real estate and healthcare stocks were also lower.

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Speaker 1: The energy stocks were among the best performers. Looking at

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Speaker 1: the large caps. Of the top ten, only Mcquarie ended

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Speaker 1: the day higher, while CSL National, Australian Bank A and

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Speaker 1: ZED and Goodman were all down more than one percent,

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Speaker 1: and West Farmers was off three and a half percent.

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Speaker 1: Westpac was down about five and a half percent, but

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Speaker 1: it went ex dividends, so we had a bit of

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Speaker 1: an excuse. Storing number two. Center Group, owner of Westfield

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Speaker 1: shopping malls in Australia, said it expects higher operating costs

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Speaker 1: as a result to the Westfield Bondai murders. Center has

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Speaker 1: added extra security to the facility that will hurt the

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Speaker 1: bottom line, though Center didn't actually change its earnings guidance Today.

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Speaker 1: Chief executive Elliot Russenow said while the number of guards

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Speaker 1: will double, the property groups also exploring upgrades to security technology.

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Speaker 1: In an investor update today, Center said that total customer

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Speaker 1: visitor numbers across forty two Westfield centers for the eighteen

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Speaker 1: weeks to May five increased two point eight million to

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Speaker 1: one hundred and seventy five million people. Sales are up

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Speaker 1: almost two and a half percent to about six and

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Speaker 1: a half billion dollars. Westfield's share price fell two percent today.

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Speaker 1: Sorry number three, one of Bonds's five former aircraft, nicknamed Bruce,

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Speaker 1: has left the country bound for Honolulu. Then who knows

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Speaker 1: where for other Boeing seven three seven max ads parked

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Speaker 1: on the Sunshine Coast Gold Coast NT Melbourne Airport will

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Speaker 1: likely soon follow after being repossessed. A creditors meeting is

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Speaker 1: due to take place tomorrow, according to The Australian, to

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Speaker 1: update around sixty thousand creditors, including fifty eight thousand customers,

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Speaker 1: three hundred and twenty three employees and one hundred and

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Speaker 1: twenty traders. Employees have been told they will not be

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Speaker 1: paid for their work in April, and customers are unable

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Speaker 1: to be refunded for fares paid on cancel flights. All

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Speaker 1: but twenty one of the three hundred and twenty three

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Speaker 1: staff remain stood down without pay until at least May fourteen.

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Speaker 1: Storry number four, the Swedish Central Bank unexpectedly cut its

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Speaker 1: key interest rate by twenty five basis points over night.

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Speaker 1: It probably wouldn't normally rate a mention, but it is

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Speaker 1: interesting that developed economies are moving into rate cutting mode.

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Speaker 1: The European Central Bank has already signaled it's set to

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Speaker 1: cut rates in June, while the Bank of England is

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Speaker 1: due to meet overnight. Now it's not likely to change rates,

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Speaker 1: but the wording on the next move will be closely watched.

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Speaker 1: While in Europe, share markets are surging, with the stocks

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Speaker 1: six hundred, a measure of the top six hundred companies

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Speaker 1: in the region, hitting a new record. The stock six

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Speaker 1: hundred is up two percent this month on the back

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Speaker 1: of strong runings figures and expectations that the ec B

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Speaker 1: will cut rates. And story at number five Tensions between

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Speaker 1: Israel and its closest ally the United States, are growing,

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Speaker 1: with President jo Biden saying he will not supply offensive

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Speaker 1: weapons that Israel could use to launch an all out

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Speaker 1: assault on Rafa. Mister Biden said he's concerned for the

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Speaker 1: one million civilians sheltering in the southern city, the last

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Speaker 1: major Hamas strongholding Gaza. Mister Biden, in an interview with CNN,

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Speaker 1: said the US was still committed to Israel's defense and

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Speaker 1: would supply iron dome rocket interceptors and other defensive armors,

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Speaker 1: but not if they're going into Rafa. The US has

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Speaker 1: historically provided enormous amounts of military a to Israel. A

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Speaker 1: shipment that was halted last week consisted of one thy

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Speaker 1: eight hundred nine hundred kilogram bonds and seventeen hundred, two

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Speaker 1: hundred and twenty five kilogram bombs, according to a senior

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Speaker 1: US Administration official quoted on Bloomberg. That's it if the

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Speaker 1: Afternoon Report for Thursday, the ninth of May twenty twenty four.

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Speaker 1: Michael Thompson and I will be back tomorrow morning with

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Speaker 1: a Friday edition of Fear and Greed Business News. I'm

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Speaker 1: Janelle enjoy reading