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Speaker 1: Welcome to the Fearing Greed Business News Afternoon Report for Thursday,

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Speaker 1: the seventeenth of October twenty twenty four. I'm Sean Aylmer.

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Speaker 1: Every afternoon, we've got the five stories that happened today

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Speaker 1: that you need to know about. Strow Number one, Australian

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Speaker 1: Eurostatistics released its labor force stats today and Wow they

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Speaker 1: were strong, unambiguously strong. Sixty four thousand and one hundred

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Speaker 1: new jobs were created last month, meaning six months of

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Speaker 1: strong jobs growth. The unemployment rate actually fell slightly to

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Speaker 1: four point one percent. The number of underemployed fell by

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Speaker 1: nine thousand. The participation rate hit a record high of

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Speaker 1: sixty seven point two percent. Jim Chalmers, a treasurer, was

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Speaker 1: crowing pretty quickly. He said, one million jobs being created

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Speaker 1: in this parliamentary term, first time that's ever happened. The

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Speaker 1: job market is flying. Storing Number two. The s and

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Speaker 1: PA Sex two hundred closed up nearly one percent today

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Speaker 1: to eight thousand, three hundred and fifty six points. That's

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Speaker 1: a new record. The lead in from war Street was strong,

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Speaker 1: but that unemployment data and the realization that rates won't

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Speaker 1: be falling any time soon took just a bit of

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Speaker 1: wind out of the sales. Shall we say one sector

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Speaker 1: doing very well at the moment uranium. There were reports

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Speaker 1: that Eric Sprott, who is a Canadian billionaire commodities person,

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Speaker 1: was buying the local miners their share prices arising. The

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Speaker 1: big banks also did well. Higher interest rates should help

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Speaker 1: the banks because the gap between what they received from

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Speaker 1: loans and payout on deposits days wider. That's the theory,

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Speaker 1: but let's face it, people are buying banks no matter what.

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Speaker 1: At the moment. Amp was another great performer today. The

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Speaker 1: labor forced news did help the Aussie dollar, though it

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Speaker 1: finished around sixty seven US sins today. Story number three.

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Speaker 1: Australia will donate forty nine of the army's Abrams tanks

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Speaker 1: to Ukraine, in the nation's most significant and lethal contribution

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Speaker 1: to the country's war against Russia. Defense Industry Minister Pat

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Speaker 1: Conroy will formally pledge the US made tanks to Ukraine

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Speaker 1: at a NATO meeting in Brussels later this week. It

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Speaker 1: follows a year long campaign by Kiev to secure the weapons.

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Speaker 1: It's one of the largest single contributions of Western tanks

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Speaker 1: to Ukraine since the war began. Now the Australian tanks

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Speaker 1: were due to be retired from next year, but they're

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Speaker 1: said to be in good condition and still far superior

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Speaker 1: to those operated in Russia. Austraight on before, our damning

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Speaker 1: review of the culture at nine Entertainment has found a

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Speaker 1: systemic issue with abuse of power and the authority. The

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Speaker 1: report handed down detailed complaints of bullying, discrimination and sexual harassment.

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Speaker 1: It made twenty two recommendations. It only came out late

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Speaker 1: this afternoon. The ASX listed company owns free to wear

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Speaker 1: TV station nine and streaming platform stand radio stations, including

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Speaker 1: three AW and two GB newspapers, including The Age, Sydney

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Speaker 1: Morning Herald, Australian Financial Review, and a stake in Domain nine.

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Speaker 1: Chair Katherine West, in a statement, said today is an

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Speaker 1: incredibly difficult day for nine as we confront these findings

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Speaker 1: and reflect on seral who is cultural issues as an organization,

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Speaker 1: and finally storying number five. US Democratic presidential nominee Carmla

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Speaker 1: Harris wandered into enemy territory overnight. Appearing on Fox News.

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Speaker 1: She gave a feisty performance. Harris hasn't done much unscripted

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Speaker 1: stuff now. Fox, of course, is an ultra conservative cable channel,

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Speaker 1: the most popular in the US, not somewhere where you'd

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Speaker 1: expect Carmla Harris to turn up anyway. Her main point

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Speaker 1: she won't be a continuation of Joe Biden. She made

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Speaker 1: that very clear. She argued with the interviewer Brett Bayer.

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Speaker 1: She said Donald Trump should be able to handle criticism

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Speaker 1: without threatening to lock people up. She did defend the

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Speaker 1: Biden of the administration over the surgeon immigration though basically

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Speaker 1: Carla Harris at the moment is out there trying to

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Speaker 1: appeal to non Trump Republicans and independence. She's even thinking

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Speaker 1: about appearing on the World's biggest podcast, Joe Rogan. Now,

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Speaker 1: Joe Rogan has previously been very critical of Carla Harris.

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Speaker 1: We'll see if that one eventuates. That's it the Afternoon

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Speaker 1: Report for Thursday, the seventeenth of October twenty twenty four.

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Speaker 1: Michael Thompson and I will be back to her own

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Speaker 1: morning with the Friday edition off beer and green business news.

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Speaker 1: I'm sure Elma enjoy reading