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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 first of August twenty to twenty five.

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Speaker 1: I'm Natalie McDonald. 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 SMP AIRSX two hundred hit a new

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Speaker 1: record today, pushing through the nine thousand point mark for

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Speaker 1: the first time, lifted higher by one of the busiest

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Speaker 1: days on the corporate calendar this reporting season. The Local

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Speaker 1: Boss added one hundred and one points, or one point

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Speaker 1: one percent to nine thy nineteen. Investors flocked to industrials,

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Speaker 1: with gains from Transervan and Brambles up three and thirteen percent, respectively.

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Speaker 1: Strength also coming through in the financials, with gains across

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Speaker 1: the Big four. Communications services were the only sector in

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Speaker 1: the red and James Hardy falling for the second consecutive day,

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Speaker 1: down nine point four percent on results. Contractor down a

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Speaker 1: EDI rose five point nine percent following an eighty two

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Speaker 1: percent profit jump. Super Retail surged te twelve percent following

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Speaker 1: a beat in expectations, with gains two in Biga Cheese.

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Speaker 1: Goodman Group, however, ending the day down one point four

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Speaker 1: percent despite a return to profit and IPH plunging almost

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Speaker 1: twenty percent after US patent filings took a hit. Story

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Speaker 1: number two. The Economic Reform roundtable boiled over this morning,

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Speaker 1: with Treasurer Jim Charmers and his opposite number Ted O'Brien

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Speaker 1: trading verbal blows overspending and debt. O'Brien accused Labour of

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Speaker 1: overspending and locking in long term deficits, claiming the budget

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Speaker 1: would be forty eight billion dollars better off and national

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Speaker 1: debt one hundred billion dollars lower if the government had

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Speaker 1: offset new spending with savings. Nine newspapers report The Treasurer

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Speaker 1: rejected the claim, telling O'Brien, every number you just said

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Speaker 1: is wrong. It took the intervention of the new South

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Speaker 1: Wales Treasurer to get things moving again. It's the sharpest

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Speaker 1: exchange of the three day summit, which is just wrapping

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Speaker 1: up now. Story number three zero. Investors have delivered a

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Speaker 1: sharp rebuke to the board over the CEO's pay packet,

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Speaker 1: with nearly half of shareholders voting against the company's remuneration report.

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Speaker 1: Forty eight point seven percent of votes at today's AGM

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Speaker 1: rejected the CEO's fifteen point two million at US dollar salary,

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Speaker 1: which is nearly triple last year's target. It's more aligned

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Speaker 1: with US Silicon Valley salaries. A fourteen point three million

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Speaker 1: US dollars sign on bonus for the company's CFO also

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Speaker 1: raised eyebrows. Chairman David Dodi defended the approach, saying Zero

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Speaker 1: has to pay at international levels to compete for top

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Speaker 1: global talent. Zero is headquartered in New Zealand, which means

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Speaker 1: it avoids a formal first strike against the remuneration report,

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Speaker 1: but the vote still sends a clear message. Story Number

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Speaker 1: four unions are pushing in to lock in stronger rights

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Speaker 1: for working from home, wanting the private sector to follow

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Speaker 1: the model already agreed by the federal Public Service. The

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Speaker 1: Community and Public Sector Union has lodged a test case

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Speaker 1: with the Fair Work Commission that would force employers under

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Speaker 1: the Clerk's award to apply a buyer in favor of

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Speaker 1: approving remote work requests. That award applies to around two

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Speaker 1: million workers. The CPSU says the approach reflects a flexible

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Speaker 1: by default mindset, especially important for women, cares, and workers

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Speaker 1: with disability. If successful, the case could set the standard

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Speaker 1: for white collar employees across the economy and story number five.

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Speaker 1: Israel has called up tens of thousands of reservists as

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Speaker 1: it prepares its operation to take over Gaza City. The

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Speaker 1: military says it is already holding the outskirts of the city.

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Speaker 1: Between fifty and sixty thousand reservists are expected to be

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Speaker 1: caught up for the ground offensive, with the draft beginning

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Speaker 1: next month. Twenty thousand reservists currently deployed will also have

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Speaker 1: their service extended. The move has been met by widespread

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Speaker 1: criticism from global leaders and was one of the key

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Speaker 1: factors contributing to Australia's decision to recognize Palestinian statehood. Human

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Speaker 1: rights groups have warned the humanitarian crisis could worsen in Gaza,

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Speaker 1: where most residents have been displaced. That's it for the

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Speaker 1: afternoon Report for Thursday, the twenty first of August twenty

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Speaker 1: twenty five. Make sure you hit follow on the podcast.

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Speaker 1: We'll be back tomorrow morning with the Friday edition of

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Speaker 1: the Fast five Business News by Fear and Breed. I'm

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Speaker 1: Nashalie McDonald. Enjoy reading