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Speaker 1: Welcome to the Fear and Greed Business News. The afternoon

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Speaker 1: Report for Monday, the ninth of December twenty twenty four.

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Speaker 1: I'm Sean Elmer. Every afternoon, we've got the five stories

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Speaker 1: that happened today that you need to know about. Storingam

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Speaker 1: on there. Some PASX two hundred closed flat today. It

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Speaker 1: was actually trading lower all day than spiked right on

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Speaker 1: four pm to finish at eighty two hundred and forty

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Speaker 1: three points by the close. The consumer discretionary stocks did best,

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Speaker 1: while energy companies were among the worst. Not a great

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Speaker 1: day for the big miners, with lower iron ore prices

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Speaker 1: feeding through to their share prices. Fortes QW Medals Group

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Speaker 1: ended the day down more than one percent. Goodman Group

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Speaker 1: did well, jumping nearly four percent. It was the best

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Speaker 1: of the top two hundred and is up sixty four

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Speaker 1: percent over the past year. Worst was Life three point sixty.

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Speaker 1: It tumbled eight percent. Star Entertainment hit a new record

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Speaker 1: load today, having given a trading update after markets closed

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Speaker 1: on Friday. The update said the Queensland Government will defer

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Speaker 1: the suspension of the lice for the Star Gold Coast

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Speaker 1: Casino to March thirty one from the earlier deadline of December.

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Speaker 1: The special manager's appointment to Star has also been extended

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Speaker 1: to June thirty. Sonic Health Caredience today said it will

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Speaker 1: buy a German lab group for seven hundred million dollars.

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Speaker 1: Fund manager Regal Partners walked away from a takeover of

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Speaker 1: Platinum Asset Management that sent the Platinum's share price down

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Speaker 1: fifteen percent, and GQG Partners jumped seven percent after reporting

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Speaker 1: higher funds under management and said it's terminating a buyback

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Speaker 1: due to uncertainty around the US tax treatment on market buybacks.

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Speaker 1: Storing Number two Prime Minister Anthony Albanezi and NIRU President

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Speaker 1: David Addiang have signed a new treaty providing one hundred

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Speaker 1: million dollars for the Nhuru budget and forty million dollars

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Speaker 1: to enhance policing, security, training and infrastructure over five years.

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Speaker 1: As part of the deal, the Commonwealth Bank will provide

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Speaker 1: banking support from next year after Bendigab Bank departs. Mister

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Speaker 1: Aberaneesi said the treaty underscores the commitment to strengthening civic relations,

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Speaker 1: making the region stronger and safeter. Mister Addiank said the

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Speaker 1: treaty would strengthen eru's economy and address critical challenges such

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Speaker 1: as e banking storight. Number three opposition leader Petter Dutton's

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Speaker 1: signature nuclear energy policy is in trouble after the CSIRO

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Speaker 1: found that wind and solar remained the lowest cost form

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Speaker 1: of new power generation. Mister Dutton's been pushing a policy

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Speaker 1: including seven nuclear reactors across the country to provide carbon

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Speaker 1: free electricity. The first is due to come online in

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Speaker 1: the middle of the next decade, or at least that's

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Speaker 1: what the opposition hopes. CSIRA has already concluded that the

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Speaker 1: policy would be too expensive and slow relative to other options. Today,

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Speaker 1: it updated at its research pretty much said the same thing.

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Speaker 1: Mister Dutton is expected to this week release full costings

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Speaker 1: of his nuclear policy. Today's report says the first large

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Speaker 1: nuclear reactor could not produce electricity in Australia until twenty

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Speaker 1: forty at the earliest, and at a cost per unit

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Speaker 1: of generation i've been between one hundred and forty five

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Speaker 1: dollars and two hundred and thirty eight dollars, well above renewables.

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Speaker 1: Costs for a small modulate reactor would be even higher

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Speaker 1: one hundred and eighty nine to four hundred and fourteen

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Speaker 1: dollars per megawatt hour. According to the report. Story number four,

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Speaker 1: Woolli's said it lost about one hundred and forty million

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Speaker 1: dollars in food sales due to the seventeen day strike

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Speaker 1: at its distribution centers in New South Wales and Victoria,

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Speaker 1: and earnings will be down by about sixty million dollars.

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Speaker 1: But Coles has the opposite problem with too many customers.

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Speaker 1: Apparently there's been a shift from shoppers towards coals because

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Speaker 1: Wooly's shelves have been understocked. According to a report in

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Speaker 1: The Australian, Coles has asked suppliers to ship more goods

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Speaker 1: and has put on more people to handle the extra volumes.

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Speaker 1: It's also open more checkouts to deal with the higher demand.

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Speaker 1: Wolies really can't like that news. It now has to

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Speaker 1: spend the next couple of weeks restocking ahead of Christmas.

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Speaker 1: The warehouse staff returned to work after they got an

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Speaker 1: eleven cent pay rise over three years and changes to

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Speaker 1: work practices. And finally, story number five, President Joe Biden

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Speaker 1: said the United States has used military forces to conduct

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Speaker 1: air strikes in Syria to keep the Islamic State Group

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Speaker 1: from reasserting itself after the fall of President Bashir al

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Speaker 1: Assad's government. Speaking at the White House, mister Biden celebrated

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Speaker 1: Assad's fall as a fundamental act of justice and expressed

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Speaker 1: hope that after decades of oppressor rule, the people of

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Speaker 1: Syria could build a new, free society. But according to

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Speaker 1: The New York Times, he warned that it was also

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Speaker 1: a moment of risk and uncertainty, and that his administration

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Speaker 1: would strive in its final days to prevent terrorists from

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Speaker 1: regaining traction. Meanwhile, ousted Syrian president mister Asad and his

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Speaker 1: family have reportedly fled to Moscow, where the dictator's chief

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Speaker 1: ally Russian President Vladimir Putin, has given them asylum. That's

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Speaker 1: it for the afternoon report for Monday, the ninth of

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Speaker 1: December twenty twenty four. Make sure you hit follow on

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Speaker 1: the podcast and we'll be back tomorrow morning with the

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Speaker 1: Tuesday edition of Fear and Greed Business News. Schnielma, Enjoy,

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Speaker 1: Raveney