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

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Speaker 1: for Monday, the fifteenth of December twenty twenty five. Are

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Speaker 1: Michael Thompson and every afternoon we've got the five stories

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Speaker 1: that happened today that you need to know about. Let's

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Speaker 1: go with story number one. The death toll from yesterday's

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Speaker 1: mass shooting at Bondai has risen to sixteen, including one

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Speaker 1: of the two gunmen, who have been identified as a

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Speaker 1: father and son. A further forty people, including two police officers,

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Speaker 1: were injured in the attack, which targeted a Jewish Haneker

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Speaker 1: celebration at a park next to Bondai Beach. Of those killed,

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Speaker 1: the youngest victim was just ten years old. The others

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Speaker 1: to have been identified so far include two rabbis, an

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Speaker 1: eighty seven year old Holocaust survivor, and a twenty seven

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Speaker 1: year old French citizen who was living and working in Sydney.

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Speaker 1: The Joint Counter Terrorism Team is now investigating the attack

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Speaker 1: and have confirmed the police seized three firearms and two

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Speaker 1: improvised explosive devices from Bondai yesterday, and two additional firearms

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Speaker 1: during raids elsewhere in the city. Another gun and a

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Speaker 1: third explosive device were found today in Bondai. Police say

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Speaker 1: the younger of the two gunmen is expected to survive

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Speaker 1: his injuries and face charges. Among the tragedy as stories

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Speaker 1: of heroism, including footage of bystander Ahmed el Ahmed who

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Speaker 1: tackled one of the shooters from behind and took away

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Speaker 1: his weapon Story number two. Off the back of that,

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Speaker 1: Prime Minister Anthony Alberanezi has flagged tougher gun laws after

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Speaker 1: it emerged fifty year old Sarjid Akram, who is the

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Speaker 1: gunman who was shot dead by police at Bondai, had

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Speaker 1: a firearms license with six weapons registered to him. The

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Speaker 1: Prime Minister is currently in a National Cabinet meeting that

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Speaker 1: began at four o'clock this afternoon and that will include

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Speaker 1: briefings by the commissioners of the AFP and New South

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Speaker 1: Wales Police. Speaking before the meeting, the Prime Minister acknowledged

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Speaker 1: the impact of the gun laws introduced under the Howard

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Speaker 1: government after the Port Arthur massacre and said if we

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Speaker 1: need to toughen these up, if there's anything we can do,

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Speaker 1: I'm certainly up for it. We'll have more on the

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Speaker 1: outcome of the National Cabinet meeting in tomorrow morning show.

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Speaker 1: The Prime Minister also urged all Australians to place a

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Speaker 1: candle in their front window at six forty seven this evening,

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Speaker 1: which is the time that emergency services were first called

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Speaker 1: to Bondai last night, to show solidarity with the victims

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Speaker 1: and families of the attack. Onto story number three now

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Speaker 1: and the S and PA s X two hundred closed

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Speaker 1: zero point seven percent lower today to eighty six hundred

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Speaker 1: and thirty five points after a selloff in commodity prices.

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Speaker 1: Copper fell more than three percent late last week from

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Speaker 1: a record high, while the price of iron all slumped

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Speaker 1: after China announced that it would change the rules on

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Speaker 1: steel exports from next month that affected mining giants BHP

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Speaker 1: and Rio Tinto. Both of those were off more than

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Speaker 1: two percent today. The gold miners were down, as were

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Speaker 1: the lithium companies. The banks were mixed, and the only

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Speaker 1: sector to rise was consumer discretionary, led by a two

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Speaker 1: point three percent jump for Jbhi Fi. Meanwhile, the rollercoaster

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Speaker 1: ride for drone shield investors continues. The drone tech company

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Speaker 1: soared more than ten percent today, the best on the course,

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Speaker 1: continuing a solid rebound from last week, and ASX Limited,

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Speaker 1: that is the company that runs the exchange well. It

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Speaker 1: fell almost six percent today after being hit with governance

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Speaker 1: reforms by the corporate regulator. Story number four Commonwealth Banks

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Speaker 1: ASB subsidiary is being taken to court by the Reserve

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Speaker 1: Bank of New Zealand over alleged breaches of anti money

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Speaker 1: laundering and counter terrorism laws. ASB has admitted faulton agreed

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Speaker 1: to pay a six point seven to three million New

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Speaker 1: Zealand dollar fine pending court approval, after regulators alleged the

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Speaker 1: bank failed to properly check customers and was slow to

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Speaker 1: report suspicious activity dating back to at least twenty nineteen.

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Speaker 1: The Central Bank says asb's compliance program fell short of

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Speaker 1: legal standards and that it continued banking some high risk

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Speaker 1: businesses without being satisfied that their transactions were lawful. Allegations

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Speaker 1: at ASB was directly involved in money laundering or terrorism financing.

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Speaker 1: ASB is wholly owned by Comwealth Bank and his New

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Speaker 1: Zealand's second largest lender, reporting a one point three to

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Speaker 1: five billion dollar profit last year. And finally, story number five,

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Speaker 1: legendary Hollywood director Rob Reiner and his wife Michelle have

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Speaker 1: been found dead in their Los Angeles home in a

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Speaker 1: suspected double homicide. Ryner is best known for directing hugely

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Speaker 1: successful films ranging from romantic comedy When Harry Mettsally to

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Speaker 1: the drama A Few Good Men, as well as The

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Speaker 1: Princess Bride, Stand By Me, and Misery. Is also an actor,

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Speaker 1: appearing in Sleepless in Seattle, The Wolf of Wall Street,

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Speaker 1: and most recently, the TV series The Bear. Associated Press

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Speaker 1: is reporting that Rob Ryaner, seventy eight, and sixty eight

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Speaker 1: year old Michelle were found with stab wounds and a

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Speaker 1: family member is being questioned by investigators. That's this for

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Speaker 1: the afternoon report for Monday, the fifteenth of December. Make

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Speaker 1: sure you're following the podcast and head along to Fearandgreed

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Speaker 1: dot com dot a you to sign up for our

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Speaker 1: free daily newsletter by Michael Thompson. Enjoy your evening