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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 fourteenth of November twenty twenty four. I'm

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Speaker 1: Sean Aelma. Every afternoon, we've got the five stories that

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

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Speaker 1: A rallying technology in bank shares pushed the Aussie share

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Speaker 1: market higher today. The smp ASX two hundred finished up

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Speaker 1: zero point four percent to eighty two hundred and twenty

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Speaker 1: four points. A bit of a holding pattern, really. Tech

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Speaker 1: Stock's doing well. Mine is doing poorly, as iron all

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Speaker 1: prices fall. Bank's doing a bit of both. Gold miners

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Speaker 1: they keep sliding West African Resources from merely as Resources,

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Speaker 1: Northern Star. They are all down sharply. Goodwin Group suffered

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Speaker 1: a thirty four percent first strike against its remuneration report.

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Speaker 1: That's its fifth strike since twenty sixteen. In economic use today,

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Speaker 1: the unemployment rate stayed at four point one percent last month,

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Speaker 1: after fifteen nine hundred new jobs were created. That's according

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Speaker 1: to this Joining Bureau Statistics Storry number two. Prime Minister

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Speaker 1: Anthony Abernez arrived in Lima, Peru today ahead of the

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Speaker 1: APEC and G twenty summits saying as much as seventy

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Speaker 1: five percent of Australia's trade is with APEC countries. When

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Speaker 1: asked about Donald Trump's policies, he said Australia will always

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Speaker 1: support free and fair trade. One in four jobs are

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Speaker 1: trade dependent, the Prime Minister said, and that's his focus.

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Speaker 1: The talks will also include climate change and transitions to

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Speaker 1: renewable energy. Just before we leave geopolitical matters, Australia has

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Speaker 1: shifted its vote in the United Nations to recognize the

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Speaker 1: permanent sovereignty of Palestinians over the occupied territories, potentially triggering

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Speaker 1: a flashpoint with any Trump administration in the US. Australia

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Speaker 1: has abstained on a vote on that issue ever since

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Speaker 1: twenty eleven. Overnight we switched to e Yes Storry number

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Speaker 1: three chemical and explosives maker Ourica has posted a jump

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Speaker 1: in full year profit, helped by higher demand for its

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Speaker 1: digital products and its new blasting technology. The world's biggest

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Speaker 1: manufacturer of commercial explosives got a really interesting history. Started

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Speaker 1: one hundred and forty nine years ago by supplying explosives

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Speaker 1: to the Victorian goldfields. It has continued came out today

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Speaker 1: set a seventy seven percent jump in net profit, though

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Speaker 1: its share price fell. The company's targeting a fifty to

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Speaker 1: fifty slit between its blasting business and non blasting business

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Speaker 1: things like high def cameras, radar scan as, laser trackers

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Speaker 1: to check how minds are going that type of thing,

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Speaker 1: and it seems to be on the way. Storry number

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Speaker 1: four accounting software Group zero has recorded a seventy six

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Speaker 1: percent jump in net profit for the half year to

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Speaker 1: the end of September. Chief executives a kind to sing

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Speaker 1: Cassidy called it a solid performance, including strong revenue growth.

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Speaker 1: Its share price jumped six percent. Another to report today

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Speaker 1: was Grain Corp. Its net profit for twelve months to

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Speaker 1: the end of September was sixty two million dollars, down

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Speaker 1: from two hundred and fifty million dollars a year earlier.

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Speaker 1: It blamed the variability of Australian crops, didn't give any

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Speaker 1: earnings guidance, and its share price at one point yesterday

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Speaker 1: was down about four percent. And farm chemical Supply a

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Speaker 1: new farm booked in a loss of six million dollars.

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Speaker 1: Lower selling prices and profit. Marge and many parts of

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Speaker 1: the business were to blame, but the result was better

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Speaker 1: than expected and its share price ended up six percent

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Speaker 1: and story number five. Ray Hadley, the morning radio King

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Speaker 1: of Sydney, has lost his first ratings period in twenty years.

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Speaker 1: The seventy year old last week said he'd step down

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Speaker 1: from his show It's from nine Am till twelve pm

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Speaker 1: on TWOGB in Sydney, in the top ranking for more

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Speaker 1: than one hundred and sixty surveys until today, came in

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Speaker 1: third behind WSFM and Smooth FM in Melbourne. High profile

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Speaker 1: Sydney peir kyl Sandlans and Jackie Oh fell zero point

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Speaker 1: one percent to a five point one percent market chair.

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Speaker 1: He had thirteen point one percent of the Sydney Breakfast audience.

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Speaker 1: Though that's if the afternoon report for Thursday, the four

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Speaker 1: eighth of November twenty twenty four. Don't forget Tit follow

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

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

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Speaker 1: Morning for the Fast five by Fear and Greed, the

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

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Speaker 1: five minutes on ailma Enjoy your evening