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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 twenty ninth of July twenty twenty four.

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Speaker 1: I'm sure, Elma, 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 S and PASX two hundred closed up

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Speaker 1: nearly one percent today to nine hundred and ninety points,

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Speaker 1: with text talks leading the way. They had plenty of friends.

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Speaker 1: Telco's in real estate investment trusts also did well. Among

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Speaker 1: the large caps, the banks were mixed. National Australian Bank

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Speaker 1: and Westpac jumped sharply, while A and Z fell more

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Speaker 1: than one percent. Come Off Bank hit a new record

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Speaker 1: high again. Goodman Group was up more than two percent,

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Speaker 1: as were Aristocrat Leisure and Wise Tech Global, while Aria

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Speaker 1: Group was three percent higher. The Star Entertainment Group was

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Speaker 1: the best performer, up fifteen percent. No corporate news, just

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Speaker 1: someone who likes the Star clearly in the past couple

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Speaker 1: of days. Otherwise. Viva Energy you think Sherl and Cole's

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Speaker 1: Express said first half earnings will be up on a

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Speaker 1: year ago amid sector wide softness in parts of its business.

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Speaker 1: Fuel sales are up nearly six percent, though convenience sales

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Speaker 1: were lower. Its share price rows more than four percent today,

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Speaker 1: and ib's long time managing director, Mark Fitzgibbon has announced

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Speaker 1: his intention to retire, even though the health insurer is

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Speaker 1: in the midst of a battle with private hospital groups

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Speaker 1: in Vincent's, which has warned it will walk away from

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Speaker 1: their payments deal. Gold producer for a Meallest Resources announced

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Speaker 1: record gold production for the June quarter and worse the

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Speaker 1: top two hundred today it was Fletcher Building after yet

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Speaker 1: another Earning's warning. Story. Number two National Party front bench

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Speaker 1: of Barnaby Joyce is under fire so to speak, for

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Speaker 1: using a gun analogy to encourage voters to get rid

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Speaker 1: of Prime Minister Anthony Alberanizi. He made the comments at

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Speaker 1: a protest against nofshore wind Zone and the Illa warra.

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Speaker 1: It's surfaced and basically what he said was the bullet

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Speaker 1: you have is that little piece of paper and it

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Speaker 1: goes in the magazine called the voting box, and it's

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Speaker 1: coming up. Get ready to load that magazine. Go goodbye

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Speaker 1: Chris as in Bowen, goodbye Stephen as in Jones, and

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Speaker 1: goodbye albow. After it emerged, mister Joyce apologized on television

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Speaker 1: this morning. His leader Peter Dunn said the apology was appropriate.

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Speaker 1: Mister Alberonezi was less forgiving, saying he should be cut

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Speaker 1: from the front bench, saying the comment was completely unacceptable

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Speaker 1: and the language has no place in any part of

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Speaker 1: Australian society. Storing number three a hot company at the

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Speaker 1: moment is James Hardy Industries. Hardy's business is focused on

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Speaker 1: the US construction industry, and while that sector hasn't exactly boomed,

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Speaker 1: expectations of lower interest rates has certainly helped companies operating

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Speaker 1: around that industry. James Hardy's one of those companies. It's

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Speaker 1: share price jumps three percent yesterday, but in the last

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Speaker 1: three weeks it's up over twenty percent. That's ever since

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Speaker 1: the US inflation figures came in slightly weak, then expected.

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Speaker 1: Interesting one to watch. Storing number four Cogan dot com

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Speaker 1: share price for one percent today after its fourth quarter

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Speaker 1: trading update showed sliding traffic to the site. A Darling

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Speaker 1: of the COVID period said grossales were down one and

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Speaker 1: a half per cent, while earnings were hired during the

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Speaker 1: fourth quarter. It said for the full year, which will

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Speaker 1: announce next month, earnings will be around twenty five million

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Speaker 1: dollars from last year's loss of ten million dollars. As

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Speaker 1: part of the update, the retailers set its Cogan First

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Speaker 1: loyalty program hit more than half a million subscribers for

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Speaker 1: the first time. While profits are going in the right direction,

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Speaker 1: investors concerned about competition in the sector from the likes

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Speaker 1: of Amazon, eBay and Timu. Cogan's share price closed today

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Speaker 1: at four dollars thirty one and mid covid was closer

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Speaker 1: to twenty five dollars, then fell back to three bucks,

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Speaker 1: then picked up again earlier in the year, but it's

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Speaker 1: half since March certainly jumps around a bit and story

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Speaker 1: number five. Democrat presidential nominee Krmela Harris has raised two

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Speaker 1: hundred million years dollars for her White House bid in

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Speaker 1: less than a week, which her campaign called a record

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Speaker 1: shattering haul. About two thirds of it came from first

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Speaker 1: time donors. Harris needs to boost fundraising to make up

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Speaker 1: for the slow down in donation to President Joe Biden

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Speaker 1: after his disastrous debate performance against Donald Trump in late June.

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Speaker 1: Harris raised more in a week than Biden and Trump

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Speaker 1: raised in the whole month of June. Combined, the Trump

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Speaker 1: campaign and affiliated political action committees had raised a total

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Speaker 1: of about seven hundred and fifty seven million US dollars

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Speaker 1: by the end of last month. Before he quit the race,

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Speaker 1: Biden and groups linked to Joe Biden had raised about

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Speaker 1: seven hundred and forty six million US dollars neck and

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Speaker 1: neck in the week since Biden ditched his bid, Harris

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Speaker 1: has united the Democratic Party behind her, gained some ground

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Speaker 1: against Trump in the opinion polls. At a fundraiser over

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Speaker 1: the weekend, however, she conceded that Trump remains the favorite

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Speaker 1: in the election, which is just one hundred days away

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Speaker 1: as it For Afternoon Report for Monday, the twenty ninth

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Speaker 1: of July twenty twenty four, don't forget to hit follow

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

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Speaker 1: x TikTok and Facebook. Join Michael Thoms 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 your evening. Uh