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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 Sex two hundred closed zero

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

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

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

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Speaker 1: record high, while the price of iron or slumped after

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

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

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

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

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

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

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Speaker 1: three percent jump for JB Hi 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. There

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Speaker 1: are no allegations ASB was directly involved in money laundering

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Speaker 1: or terrorism financing. ASB is wholly owned by Comwealth Bank

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Speaker 1: and his New Zealand's second largest lender, reporting a one

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Speaker 1: point three to five billion dollar profit last year. And finally,

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Speaker 1: story number five, legendary Hollywood director Rob Reiner and his

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Speaker 1: wife Michelle have been found dead in their Los Angeles

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Speaker 1: home in a suspected double homicide. Ryiner is best known

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Speaker 1: for directing hugely successful films ranging from romantic comedy When

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Speaker 1: Harry Met Sally to the drama A Few Good Men,

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Speaker 1: as well as The Princess Bride, stand By Me, and Misery.

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Speaker 1: Is also an actor, appearing in Sleepless in Seattle, The

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Speaker 1: Wolf of Wall Street, and most recently, the TV series

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Speaker 1: The Bear. Associated Press is reporting that Rob Ryiner, seventy eight,

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Speaker 1: and sixty eight year old Michelle were found with stab

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Speaker 1: wounds and a family member is being questioned by investigators.

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Speaker 1: That's this for the afternoon report for Monday, the fifteenth

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Speaker 1: of December. Make sure you're following the podcast and head

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Speaker 1: along to Fearandcreed dot com dot au to sign up

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Speaker 1: up for our free daily newsletter. I'm Michael Thompson. Enjoy

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Speaker 1: your evening,