1 00:00:03,760 --> 00:00:06,440 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:06,480 --> 00:00:09,000 Speaker 1: for Monday, the twenty ninth of July twenty twenty four. 3 00:00:09,080 --> 00:00:12,000 Speaker 1: I'm Suan Elma. Every afternoon, We've got the five stories 4 00:00:12,000 --> 00:00:13,960 Speaker 1: that happened today that you need to know about. Storing 5 00:00:14,040 --> 00:00:17,319 Speaker 1: numer one. They're in PASX two hundred closed up nearly 6 00:00:17,360 --> 00:00:20,360 Speaker 1: one percent today to nine hundred and ninety points, with 7 00:00:20,440 --> 00:00:23,439 Speaker 1: text talks leading the way. They had plenty of friends. 8 00:00:23,520 --> 00:00:26,920 Speaker 1: Telco's in real estate investment trusts also did well. Among 9 00:00:26,920 --> 00:00:29,680 Speaker 1: the large caps, the banks were mixed. National Australian Bank 10 00:00:29,680 --> 00:00:32,760 Speaker 1: and Westpac jumped sharply, while A and Z fell more 11 00:00:32,800 --> 00:00:35,200 Speaker 1: than one percent. Come Off Bank hit a new record 12 00:00:35,320 --> 00:00:38,600 Speaker 1: high again. Goodman Group was up more than two percent, 13 00:00:38,680 --> 00:00:41,839 Speaker 1: as were Aristocrat Leisure and Weis Tech Global, while Aria 14 00:00:41,960 --> 00:00:44,839 Speaker 1: Group was three percent higher. The Star Entertainment Group was 15 00:00:44,880 --> 00:00:48,120 Speaker 1: the best performer, up fifteen percent. No corporate news, just 16 00:00:48,240 --> 00:00:50,760 Speaker 1: someone who likes the Star clearly in the past couple 17 00:00:50,760 --> 00:00:54,480 Speaker 1: of days. Otherwise, Viva Energy you think Sherl and Cole's 18 00:00:54,520 --> 00:00:57,440 Speaker 1: Express said first half earnings will be up on a 19 00:00:57,480 --> 00:01:01,480 Speaker 1: year ago amid sector wide softness in parts of its business. 20 00:01:01,680 --> 00:01:04,640 Speaker 1: Fuel sales are up nearly six percent, though convenience sales 21 00:01:04,640 --> 00:01:08,080 Speaker 1: were lower. Its share price rowse more than four percent today, 22 00:01:08,640 --> 00:01:12,200 Speaker 1: and ib's long time managing director, Mark Fitzgibbon has announced 23 00:01:12,200 --> 00:01:15,000 Speaker 1: his intention to retire, even though the health insurer is 24 00:01:15,040 --> 00:01:17,440 Speaker 1: in the midst of a battle with private hospital groups 25 00:01:17,480 --> 00:01:19,520 Speaker 1: and Vincent's, which has warned it will walk away from 26 00:01:19,520 --> 00:01:23,120 Speaker 1: their payments deal. Gold producer for a Meallest Resources, announced 27 00:01:23,240 --> 00:01:26,880 Speaker 1: record gold production for the June quarter and worse the 28 00:01:26,880 --> 00:01:29,640 Speaker 1: top two hundred today it was Fletcher Building after yet 29 00:01:29,680 --> 00:01:34,280 Speaker 1: another Earning's warning story. Number two. National Party frontbencher Barnaby 30 00:01:34,360 --> 00:01:37,240 Speaker 1: Joyce is under fire so to speak, for using a 31 00:01:37,280 --> 00:01:40,160 Speaker 1: gun analogy to encourage voters to get rid of Prime 32 00:01:40,200 --> 00:01:43,680 Speaker 1: Minister Anthony Alberanezi. He made the comments at a protest 33 00:01:43,800 --> 00:01:47,039 Speaker 1: against an offshore wind zone in the Illawarra. It's surfaced 34 00:01:47,080 --> 00:01:50,040 Speaker 1: and basically what he said was the bullet you have 35 00:01:50,360 --> 00:01:52,880 Speaker 1: is that little piece of paper and it goes in 36 00:01:52,960 --> 00:01:55,920 Speaker 1: the magazine called the voting box and is coming up. 37 00:01:56,280 --> 00:01:59,680 Speaker 1: Get ready to load that magazine. Go goodbye Chris as 38 00:01:59,720 --> 00:02:04,640 Speaker 1: in goodbye Stephen as in Jones, and goodbye Albow. After 39 00:02:04,680 --> 00:02:08,160 Speaker 1: it emerged, mister Joyce apologized on television this morning. His 40 00:02:08,360 --> 00:02:12,320 Speaker 1: leader Peter Dunn said the apology was appropriate. Mister Alberonizi 41 00:02:12,400 --> 00:02:14,280 Speaker 1: was less forgiving, saying he should be cut from the 42 00:02:14,320 --> 00:02:17,640 Speaker 1: front bench, saying the comment was completely unacceptable and the 43 00:02:17,720 --> 00:02:20,960 Speaker 1: language has no place in any part of Australian society. 44 00:02:21,480 --> 00:02:23,560 Speaker 1: Story Number three. A hot company at the moment is 45 00:02:23,639 --> 00:02:27,440 Speaker 1: James Hardy Industries. Hardy's business is focused on the US 46 00:02:27,560 --> 00:02:31,840 Speaker 1: construction industry, and while that sector hasn't exactly boomed, expectations 47 00:02:31,840 --> 00:02:36,440 Speaker 1: of lower interest rates has certainly helped companies operating around 48 00:02:36,520 --> 00:02:39,440 Speaker 1: that industry. James Hardy is one of those companies. It's 49 00:02:39,440 --> 00:02:41,480 Speaker 1: share price jumps three percent yesterday, but in the last 50 00:02:41,560 --> 00:02:45,600 Speaker 1: three weeks it's up over twenty percent. That's ever since 51 00:02:45,600 --> 00:02:49,480 Speaker 1: the US inflation figures came in slightly weaker then expected. 52 00:02:49,840 --> 00:02:52,840 Speaker 1: Interesting one to watch. Storing number four Cogan dot COM's 53 00:02:52,840 --> 00:02:55,639 Speaker 1: share price for one percent today after its fourth quarter 54 00:02:55,760 --> 00:03:00,280 Speaker 1: trading update showed sliding traffic to the site. Cogan Sarling 55 00:03:00,320 --> 00:03:02,560 Speaker 1: of the COVID period said grosales were down one and 56 00:03:02,560 --> 00:03:04,520 Speaker 1: a half per cent, while earnings were hired during the 57 00:03:04,560 --> 00:03:07,520 Speaker 1: fourth quarter. It said for the full year, which will 58 00:03:07,520 --> 00:03:10,520 Speaker 1: announce next month earnings will be around twenty five million 59 00:03:10,520 --> 00:03:13,359 Speaker 1: dollars from last year's loss of ten million dollars. As 60 00:03:13,440 --> 00:03:15,960 Speaker 1: part of the update, the retailers said its Cogan First 61 00:03:16,080 --> 00:03:19,040 Speaker 1: loyalty program hit more than half a million subscribers for 62 00:03:19,040 --> 00:03:21,600 Speaker 1: the first time. While profits are going in the right direction, 63 00:03:22,000 --> 00:03:24,960 Speaker 1: investors concerned about competition in the sector from the likes 64 00:03:24,960 --> 00:03:29,200 Speaker 1: of Amazon, eBay and Timu. Cogan's share price closed today 65 00:03:29,320 --> 00:03:32,760 Speaker 1: at four dollars thirty one and mid covid was closer 66 00:03:32,760 --> 00:03:36,160 Speaker 1: to twenty five dollars, then fell back to three bucks, 67 00:03:36,600 --> 00:03:38,800 Speaker 1: then picked up again earlier in the year, but it's 68 00:03:38,840 --> 00:03:41,840 Speaker 1: half since March certainly jumps around a bit and story 69 00:03:41,920 --> 00:03:45,560 Speaker 1: Number five. Democrat presidential nominee Krmela Harris has raised two 70 00:03:45,680 --> 00:03:48,840 Speaker 1: hundred million years dollars for her White House bid in 71 00:03:48,960 --> 00:03:52,000 Speaker 1: less than a week, which her campaign called a record 72 00:03:52,120 --> 00:03:55,120 Speaker 1: shattering haul. About two thirds of it came from first 73 00:03:55,120 --> 00:03:58,320 Speaker 1: time donors. Harris needs to boost fundraising to make up 74 00:03:58,320 --> 00:04:01,320 Speaker 1: for the slowdown in donations to President Joe Biden after 75 00:04:01,360 --> 00:04:05,040 Speaker 1: his disastrous debate performance against Donald Trump in late June. 76 00:04:05,120 --> 00:04:07,240 Speaker 1: Harris raised more in a week than Biden and Trump 77 00:04:07,360 --> 00:04:10,280 Speaker 1: raised in the whole month of June. Combined, the Trump 78 00:04:10,360 --> 00:04:13,960 Speaker 1: campaign and affiliated political action committees had raised a total 79 00:04:14,080 --> 00:04:17,320 Speaker 1: of about seven hundred and fifty seven million US dollars 80 00:04:17,400 --> 00:04:19,840 Speaker 1: by the end of last month. Before he quit the race, 81 00:04:20,279 --> 00:04:23,000 Speaker 1: Biden and groups linked to Joe Biden had raised about 82 00:04:23,040 --> 00:04:26,279 Speaker 1: seven hundred and forty six million US dollars neck and 83 00:04:26,360 --> 00:04:29,200 Speaker 1: neck in the week since Biden ditched his bid, Harris 84 00:04:29,200 --> 00:04:32,280 Speaker 1: has united the Democratic Party behind her gained some ground 85 00:04:32,320 --> 00:04:34,960 Speaker 1: against Trump in the opinion polls. At a fundraiser over 86 00:04:34,960 --> 00:04:38,520 Speaker 1: the weekend, however, she conceded that Trump remains the favorite 87 00:04:38,520 --> 00:04:40,839 Speaker 1: in the election, which is just one hundred days away. 88 00:04:41,320 --> 00:04:43,560 Speaker 1: That's it for the Afternoon Report for Monday, the twenty 89 00:04:43,640 --> 00:04:45,920 Speaker 1: ninth of July twenty twenty four. Michael Thompson and I 90 00:04:45,960 --> 00:04:48,240 Speaker 1: will be back tomorrow morning with a Tuesday edition of 91 00:04:48,279 --> 00:04:51,400 Speaker 1: Fear and Greed Business News. I'm Sean Elmer. Enjoy your evening.