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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Tuesday, the twenty first to May twenty twenty four.

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Speaker 2: I'm suan Alma.

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Speaker 1: Every afternoon, They've got the five stories that happen today

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Speaker 1: that you need to know about Story Num.

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Speaker 2: One.

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Speaker 1: The SMPASX two hundred closed down zero point two percent

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Speaker 1: today to eight hundred and fifty two points, meaning it

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Speaker 1: held on to most of yesterday's games and remains close

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Speaker 1: to a record level.

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Speaker 2: Among the large caps, the banks were mixed, as with

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Speaker 2: the big miners and the retailers. Energy groups Woodside and

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Speaker 2: Santos were lower so to Goodman Group. Weiss Tech Global

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Speaker 2: was among the better performers. Storry number two James Hardy's

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Speaker 2: share price tumbled fifteen percent today, the biggest one day,

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Speaker 2: dropping more than a year after it downgraded its profit forecast.

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Speaker 2: High house prices in Australia is curbing demand for the

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Speaker 2: building products group's goods. Volumes in Australia are expected to

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Speaker 2: fall around five percent, but Chief Executive Aaron Erta said

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Speaker 2: there are challenges across Hardy's global operations. The group, which

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Speaker 2: sells war cladding and plasterboard products, makes about seventy percent

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Speaker 2: of its profit from North America. With the timing of

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Speaker 2: interest rate cuts in the US being pushed out, earnings

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Speaker 2: will suffer. James Hardy was almost bulletproof to hire interest

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Speaker 2: rates last year because of its position in the US

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Speaker 2: housing sector. However, this year, with rate stable, its share

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Speaker 2: price is trended down and then today's slump it cut

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Speaker 2: about three billion dollars from Hardy's market capitalization. Story number

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Speaker 2: three plenty of corporate news around the place today. Lab

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Speaker 2: testing company als rallied five percent, the best of the

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Speaker 2: top two hundred, after a net profit tumble was in

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Speaker 2: line with expectations. That's when bad news is good news.

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Speaker 2: The slump included the previously announced right down of a

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Speaker 2: European drug testing business. Software group tech one jumped four

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Speaker 2: point six percent, one of its best days in four years,

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Speaker 2: for announcing a sixteen percent jump in profit for the

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Speaker 2: six months the end of March. Technology one makes cloud

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Speaker 2: based enterprise resource planning software and during the half signed

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Speaker 2: up a bunch of new customers. Diagnostics group Sonic Healthcare

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Speaker 2: said profits will be lower than forecast this financial year

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Speaker 2: due to inflation in currency headwinds. Its share price fell

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Speaker 2: six percent. Producer Alumina advanced two percent as its acquisition

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Speaker 2: offered by US partner al CoA was amended to allow Citik,

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Speaker 2: which is a luminous second largest shareholder, to receive a

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Speaker 2: small portion of its al Coa's convertible shares to comply

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Speaker 2: with US regulation, and Casino Operate a sky City rally

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Speaker 2: two point six point cent on news it has reached

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Speaker 2: an agreement with New Zealand's government about its non compliance

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Speaker 2: with anti money laundering and countered terrorism financing laws story

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Speaker 2: number four. Both oil and goal prices have come off

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Speaker 2: a bit over the past twenty four hours. Iron ore

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Speaker 2: prices easy to touch, having jumped late last week and

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Speaker 2: over the weekend after Beijing announced plans to help its

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Speaker 2: property sector. The Aussie dollars fetching sixty six and a

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Speaker 2: half US cents. That's down a bit. However, it's been

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Speaker 2: a very good couple of sessions for cryptocurrencies, particularly number

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Speaker 2: two unit Ethereum. It's up nearly twenty percent mid speculation

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Speaker 2: that the US Securities regulator may approve an ethereum based

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Speaker 2: exchange traded fund. Bitcoin has also risen, its training above

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Speaker 2: seventy one thousand US dollars a unit, close to its

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Speaker 2: record high seventy three thousand US dollars a unit, and finally,

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Speaker 2: story number five, the International Criminal Court has issued arrest

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Speaker 2: warrants against senior Israeli and Hamas officials, including Prime Minister

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Speaker 2: Benjamin Netanyahu, over the conduct of the war in Gaza.

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Speaker 2: The move marks a dramatic escalation of the legal fallout

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Speaker 2: from the war and comes as Israel is under intense

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Speaker 2: international pressure over its seven month assault, which has killed

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Speaker 2: thirty five thousand people according to Palestinian officials, and left

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Speaker 2: the enclave in a humanitarian crisis. The ICC said it

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Speaker 2: had reasonable grounds to believe that Israeli and Hammas officials

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Speaker 2: bore criminal responsibility for alleged war crimes and crimes against humanity.

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Speaker 2: In the case of the three Hamas leaders, the ICC

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Speaker 2: alleged their responsibility for crimes of extermination and murder, hostage taking, rape,

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Speaker 2: and other acts of sexual violence and torture committed by Hamas.

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Speaker 2: In the case of mister net and Yahoo and another

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Speaker 2: Israeli official, the ICC cited alleged responsibility for using starvation

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Speaker 2: as civilians as a method of warfare after Israel impart

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Speaker 2: a siege on Gaza in the early days of the war.

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Speaker 2: As if the Afternoon Report for Tuesday, the twenty first

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Speaker 2: of May twenty twenty four. Don't forget to follow on

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Speaker 2: the podcast and find Fear and Greed on LinkedIn, Instagram,

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Speaker 2: x TikTok and Facebook. Joy Michael Thompson and I Tomorrow'm

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Speaker 2: morning for the Fast five by Fear and Greed, the

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Speaker 2: top five business stories you need to know in five minutes.

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Speaker 2: I'm Sean Elmer. Enjoy your evening.