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

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Speaker 1: for Tuesday, the twenty ninth of October twenty twenty four.

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

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

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Speaker 1: number one. The SMPA SEX two hundred jumped zero point

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Speaker 1: three five percent today to finish at eight two hundred

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Speaker 1: and forty nine points. Why set global in mineral resources?

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Speaker 1: The companies with some corporate governors challenges, shall we say?

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Speaker 1: They both did very well today? So too did Goodman

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Speaker 1: Group and Aristocrat Leisure. The worst among the top stocks

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Speaker 1: were Woodside, Telstra and Ria. The annual general meeting season continues.

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Speaker 1: CSL was on today. It received a first strike against

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Speaker 1: its remuneration report. Twenty six point four percent of shareholders

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Speaker 1: vatted against it. The CSL board defended the pay of

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Speaker 1: CEO Paul McKenzie, saying it's below the global median for

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Speaker 1: healthcare companies. Gold stocks did well today with precious metal

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Speaker 1: training high in Northern had a good day, and Quantas

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Speaker 1: hit another record. Storying number two. There's bad news for

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Speaker 1: Booper customers. They'll be forced to pay extra fees. To

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Speaker 1: use health Scope hospitals from next month after negotiations between

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Speaker 1: the insurer and the healthcare group broke down. Private hospitals

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Speaker 1: earn money by charging the insurers when patients stay. Higher

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Speaker 1: wages led to Healthscope asking for more money from the insurers.

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Speaker 1: Booper basically said no. As a result, if you're a

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Speaker 1: Booper member, you're going to have to pay an extra

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Speaker 1: fifty dollars per day or one hundred dollars for an

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Speaker 1: overnight stay from the end of next month. Other private

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Speaker 1: health insurers, including Madibank, Private NIB and HCF have agreed

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Speaker 1: to give Healthscope more money. Apparently. Now there's about twelve

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Speaker 1: million Australians with private health cover. Just under half those

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Speaker 1: are either with Booper or other not for profit funds

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Speaker 1: that are affected by this decision. The Health Minister Mark

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Speaker 1: Butler is due to release a review into the private

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Speaker 1: hospital sector anytime now. Storying number three steal maker Scope

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Speaker 1: has lowered profit expectations for the current half year due

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Speaker 1: to challenging operating conditions. That news set the share price

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Speaker 1: much lower, but by the end of the day it

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Speaker 1: was only off half a percent. Record levels of Chinese

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Speaker 1: steel exports is hurting prices. In East Asia, there's cost

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Speaker 1: infation and the US selection has slowed a demand from

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Speaker 1: that country. Until a winner emerges, that won't change, according

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Speaker 1: to Blue Scope Straight Number four online luxury retailer Setai

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Speaker 1: said revenue jump twenty two percent in September quarter, but

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Speaker 1: that didn't prevent it share price from falling fifteen percent.

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Speaker 1: Basically didn't meet expectations. The pace of growth wasn't up

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Speaker 1: to what analysts thought. Still, the company itself, its share

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Speaker 1: price is up eighty percent since it's bottom in early September,

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Speaker 1: though it is off thirty five percent this year. The

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Speaker 1: number of active customers that satire raised forty three percent

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Speaker 1: compared to a year earlier. Revenue from repeat customers and

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Speaker 1: average order values were also higher. The founder and CEO

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Speaker 1: D Mince said that underlying demand for luxury will remain

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Speaker 1: residve and storing Number five. Game two of Baseball's World

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Speaker 1: Series had a bigger audience in Japan than the US.

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Speaker 1: In Japan, there were fifteen point nine million viewers, about

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Speaker 1: twelve percent of that nation, watching Game two of the

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Speaker 1: World Series. There was thirteen point eight million in the US.

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Speaker 1: Now the game is against two American teams, the LA

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Speaker 1: Dodgers and the New York Yankees. However, the Dodgers have

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Speaker 1: two Japanese players, a guy called Shoheyatani. He's worth about

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Speaker 1: seven hundred million dollars over ten years. That's what he's

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Speaker 1: getting paid by the Dodgers, and another fellow, a picture

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Speaker 1: called Yoshinobu Yamamoto. Big stars in Japan, hence the huge

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Speaker 1: ratings in that country for we Yankees fans. Not good news.

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Speaker 1: The Yankees are down zero three. That's it. Their afternoon

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Speaker 1: report for Tuesday, the twenty ninth of October 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 Wednesday edition off Fear and Greed business news. I'm

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Speaker 1: Sean Elma. Enjoy your evening