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Speaker 1: Welcome to the Fearing Greed Business News Afternoon Report for Thursday,

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Speaker 1: the seventeenth of October twenty twenty four. I'm Sean Alma.

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Speaker 1: Every afternoon, we've got the five stories that happened today

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Speaker 1: that you need to know about. Strow Number one. Australian

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Speaker 1: buro Statistics released its labor force stats today and Wow

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Speaker 1: they were strong, ambiguously strong. Sixty four thousand and one

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Speaker 1: hundred new jobs were created last month, meaning six months

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Speaker 1: of strong jobs growth. The unemployment rate actually fell slightly

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Speaker 1: the four point one percent. The number of underemployed fell

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Speaker 1: by nine thousand. The participation rate hit a record high

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Speaker 1: of sixty seven point two percent. Jim Chalmers, a treasurer,

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Speaker 1: was crowing pretty quickly. He said, one million jobs being

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Speaker 1: created in this parliamentary term, first time that's ever happened.

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Speaker 1: The job market is flying. Storing number two. The s

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Speaker 1: and PA Sex two hundred closed up nearly one percent

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Speaker 1: today to eight thousand, three hundred and fifty six points.

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Speaker 1: That's a new record. The leading from Wall Street was strong,

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Speaker 1: but that unemployment data and the realization that rates won't

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Speaker 1: be falling any time soon took just a bit of

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Speaker 1: wind out of the sales. Shall we say one sect

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Speaker 1: to doing very well at the moment uranium. There were

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Speaker 1: reports that Eric Sprott, who is a Canadian billionaire commodities person,

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Speaker 1: was buying the local miners their share prices arising. The

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Speaker 1: big banks also did well. Higher interest rates should help

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Speaker 1: the banks because the gap between what they received from

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Speaker 1: loans and payout on deposits days wider. That's the theory,

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Speaker 1: but let's face it, people are buying banks no matter what.

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Speaker 1: At the moment. AMP was another great performer today. The

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Speaker 1: labor forced news did help the Aussie dollar, though it

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Speaker 1: finished around sixty seven US sins today. Story number three.

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Speaker 1: Australia will donate forty nine of the army's Abrams tanks

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Speaker 1: to Ukraine, in the nation's most significant and lethal contribution

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Speaker 1: to the country's war against Russia. Defense Industry Minister Pat

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Speaker 1: Conroy will formally pledge the US made tanks to Ukraine

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Speaker 1: a NATO meeting in Brussels later this week. It follows

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Speaker 1: a year long campaign by Kiev to secure the weapons.

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Speaker 1: It's one of the largest single contributions of Western tanks

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Speaker 1: to Ukraine since the war began. Now the Australian tanks

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Speaker 1: were due to be retired from next year, but they're

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Speaker 1: said to be in good condition and still far superior

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Speaker 1: to those operated in Russia. Austraightum before our damning review

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Speaker 1: of the culture at nine Entertainment has found a systemic

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Speaker 1: issue with abuse of power and the authority. The report

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Speaker 1: handed down detailed complaints of bullying, discrimination and sexual harassment.

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Speaker 1: It made twenty two recommendations. It only came out late

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Speaker 1: this afternoon. The ASX listed company owns free to wear

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Speaker 1: TV station nine and streaming platform stand radio stations, including

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Speaker 1: three AW and two GB newspapers including The Age, Sydney

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Speaker 1: Morning Herald, Australian Financial Review, and a stake in Domain nine.

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Speaker 1: Chair Katherine west and a statement said, today is an

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Speaker 1: incredibly difficult day for nine as we confront these findings

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Speaker 1: and reflect on serious cultural issues as an organization. And

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Speaker 1: finally storying number five. US Democratic presidential nominee Carmla Harris

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Speaker 1: wandered into enemy territory overnight. Appearing on Fox News. She

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Speaker 1: gave a feisty performance. Harris hasn't done much unscripted stuff now. Fox,

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Speaker 1: of course, is an ultra conservative cable channel, the most

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Speaker 1: popular in the US not somewhere where you'd expect Carmla

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Speaker 1: Harris to turn up anyway. Her main point she won't

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Speaker 1: be a continuation of Joe Biden. She made that very clear.

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Speaker 1: She argued with the interviewer Brett Bayer. She said Donald

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Speaker 1: Trump should be able to handle criticism without threatening to

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Speaker 1: lock people up. She did defend the Biden of the

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Speaker 1: administration over the surgeon immigration though basically Carla Harris at

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Speaker 1: the moment is out there trying to appeal to non

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Speaker 1: Trump Republicans and independence. She's even thinking about appearing on

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Speaker 1: the World's Biggest podcast, Joe Rogan. Now, Joe Rogan has

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Speaker 1: previously been very critical of KRMLA Harris. We'll see if

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Speaker 1: that one eventuates. As if the Afternoon Report for Thursday,

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Speaker 1: the seventeenth of October twenty twenty four, don't forget tip

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

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Speaker 1: ex TikTok and Facebook. Join Michael Thompson and I tomorrow

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Speaker 1: I'm waiting for the past five by Fear and Greed,

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Speaker 1: the top five business throes you need to know in

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Speaker 1: just five minutes. I'm Sean Elmer enjoy reading it.