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

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

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Speaker 1: I'm Sean Elmer. Every afternoon of the The five stories have

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Speaker 1: happened today that you need to know about strot Number one,

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Speaker 1: wise Tech Global's share price hit a two month low today,

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Speaker 1: falling below one hundred dollars a share. At least there

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Speaker 1: were no news stories about CEO Richard White yesterday. Wis

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Speaker 1: TAC's down nearly thirty per cent in three weeks, including

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Speaker 1: five point eight percent today. Actually I said name news stories.

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Speaker 1: There was actually one story around the place of former

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Speaker 1: director of Wise tech Global left in twenty nineteen, accused

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Speaker 1: mister White of intimidation, bullying, and overseeing poor corporate governance.

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Speaker 1: According to a story in the IFR, it's a story

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Speaker 1: that just keeps giving. It's a very busy day on

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Speaker 1: the market. Really. Newmon's share price tumbled more than six

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Speaker 1: percent after a disappointing quarterly earnings report on Wall Street. Newmon,

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Speaker 1: of course bought new Crest. It's mostly traded in North

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Speaker 1: America nowadays. HMC Capital halt of its shares as it

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Speaker 1: prepares to raise three hundred million dollars to put towards

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Speaker 1: a near two billion dollar acquisition of Sydney Data Center

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Speaker 1: owner Global Switch. Australia. Forest Grew Metals Group Film more

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Speaker 1: than three percent after quarterly production updates show a tonnage

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Speaker 1: of iron ore shipped was down during the September quarter

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Speaker 1: compared to the Dune quarter. Brambles provided an underwhelming training update.

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Speaker 1: Its share price fell two percent. Reese Plumbing share price

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Speaker 1: fell seven and a half percent after it said the

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Speaker 1: training environment was challenging. It was worse performer of the

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Speaker 1: top two hundred. Better news for furniture Group of Dares,

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Speaker 1: which said sales were stronger in the past sixteen weeks.

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Speaker 1: That triggered a twelve and a half per cent jump

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Speaker 1: in its share price by the end of the day.

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Speaker 1: This and PA six two hundred, which pretty much where

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Speaker 1: it started up slightly at eighty two hundred and six

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Speaker 1: points sorry Number two. Prime Minister Anthony Alberizi is in

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Speaker 1: Samala for the Commonwealth Heads of Government meeting and he

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Speaker 1: said acknowledging climate change is the entry fee for credibility.

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Speaker 1: He said climate change will be front and center at Toggham,

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Speaker 1: especially given threats to countries like to b Lu and Kiribati.

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Speaker 1: The Prime Minister will meet for the first time with

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Speaker 1: new British Prime Minister Keir Starmer. They're likely to talk

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Speaker 1: about climate change, energy and of course UCUS Foreign Mister

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Speaker 1: Penny Wong's also there. She said that she had grave

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Speaker 1: concerns over reports at North Korea is aiding Russia sending

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Speaker 1: troops to help in the fight against Ukraine. Straight number

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Speaker 1: three Nuclear power in Australia will take fifteen years to develop,

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Speaker 1: According to the head of the Australian Radiation Protection and

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Speaker 1: Nuclear Safety Agency, Gillian Hurt's estimate doesn't support the coalition's

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Speaker 1: claims a nuclear power plant can be ready by twenty

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Speaker 1: thirty seven. Mss Hurst runs the country's nuclear regulator. She

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Speaker 1: appeared at a parliamentary inquiry today. She did agree that

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Speaker 1: that the Atomic Energy Agency has previously said new entrants

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Speaker 1: could take just ten years. Another fly in the ointment,

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Speaker 1: the boss of the Energy Regulator, Claire Savage, said developing

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Speaker 1: the regulatory framework for nuclear would take up to eight years.

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Speaker 1: Straight number four Tesla's share price jump twelve percent and

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Speaker 1: after ours training this morning, after the Electric Vehicle Group

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Speaker 1: recorded a surprise jump in its September quarter. Profit led

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Speaker 1: income rows seventeen percent, helped by more EV sales and

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Speaker 1: a higher profit margin. Elon Musk he forecast a big

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Speaker 1: jump in earnings next year. He said EV sales could

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Speaker 1: grow twenty to thirty percent on the back of lower

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Speaker 1: prices and LARA interest rates having a meaningful impact on demand.

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Speaker 1: Telster is the most valuable car maker in the world,

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Speaker 1: about one trillion Ossie dollars, mind you, as share price

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Speaker 1: is half what it was three years ago, and storing

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Speaker 1: number five. Nearly twenty five million Americans have already cast

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Speaker 1: their vote ahead of the presidential election on Tuesday week.

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Speaker 1: There's record levels of early voting in some battleground states

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Speaker 1: such as Georgia and North Carolina. Polls still have the

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Speaker 1: candidate's neck and neck. One thing that seems to be

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Speaker 1: causing concern in the Harris camp is the fact that

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Speaker 1: Joe Biden seems to be a drag on her election prospect.

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Speaker 1: She came out in the last twenty four hours and

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Speaker 1: said that Carmala Harris administration would not be another Joe

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Speaker 1: Biden administration. Pennsylvania is definitely stake, getting mass attention from

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Speaker 1: both camps. As If The Afternoon Report for Thursday, the

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Speaker 1: twenty fourth of October twenty twenty four. Don't forget to

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Speaker 1: follow on the podcast and find Fear and Greed on LinkedIn, Instagram,

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Speaker 1: x TikTok and Facebook. Join Michael Thompson and I Tomorrow

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Speaker 1: I'm Morning for the Fast Five by Fear and Greed,

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Speaker 1: the top five business stories you need to know in

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Speaker 1: just five minutes. I'm Sean Elmer. Enjoy reading