1
00:00:04,240 --> 00:00:06,160
Speaker 1: Welcome to the Fear and Greed Business Years.

2
00:00:06,200 --> 00:00:09,240
Speaker 2: Afternoon Report for Tuesday, the twenty ninth of October twenty

3
00:00:09,240 --> 00:00:09,800
Speaker 2: twenty four.

4
00:00:09,880 --> 00:00:10,720
Speaker 1: I'm Sean Aylmer.

5
00:00:11,119 --> 00:00:13,720
Speaker 2: Every afternoon, we've got the five stories that happened today

6
00:00:13,720 --> 00:00:15,440
Speaker 2: that you need to know about. Storing number one, the

7
00:00:15,520 --> 00:00:19,440
Speaker 2: SMPA SEX two hundred jumped zero point three five percent

8
00:00:19,480 --> 00:00:22,800
Speaker 2: today to finish at eight two hundred and forty nine points.

9
00:00:23,320 --> 00:00:26,880
Speaker 1: Why set global in mineral resources the companies with some

10
00:00:27,200 --> 00:00:30,360
Speaker 1: corporate governor's challenges, shall we say? They both did very

11
00:00:30,360 --> 00:00:33,840
Speaker 1: well today? So too did Goodman Group and Aristocrat Leisure.

12
00:00:34,400 --> 00:00:38,720
Speaker 1: The worst among the top stocks were Woodside, Telstra and Ria.

13
00:00:39,360 --> 00:00:42,960
Speaker 1: The annual general meeting season continues. CSL was on today.

14
00:00:43,360 --> 00:00:47,080
Speaker 1: It received a first strike against its remuneration report. Twenty

15
00:00:47,080 --> 00:00:49,879
Speaker 1: six point four percent of shareholders batted against it. The

16
00:00:50,040 --> 00:00:54,080
Speaker 1: CSL board defended the pay of CEO Paul McKenzie, saying

17
00:00:54,080 --> 00:00:57,800
Speaker 1: it's below the global median for healthcare companies. Goldstocks did

18
00:00:57,800 --> 00:01:00,880
Speaker 1: well today, with precious metal training high, Northern Star had

19
00:01:00,880 --> 00:01:04,640
Speaker 1: a good day, and Quantas hit another record. Storying number two,

20
00:01:04,840 --> 00:01:07,400
Speaker 1: there's bad news for Booper customers. They'll be forced to

21
00:01:07,400 --> 00:01:10,199
Speaker 1: pay extra fees to use health Scope hospitals from next

22
00:01:10,200 --> 00:01:13,760
Speaker 1: month after negotiations between the insurer and the healthcare group

23
00:01:13,880 --> 00:01:17,440
Speaker 1: broke down. Private hospitals earn money by charging the insurers

24
00:01:17,560 --> 00:01:22,000
Speaker 1: when patients stay. Higher wages led to Healthscope asking for

25
00:01:22,080 --> 00:01:25,520
Speaker 1: more money from the insurers. Booper basically said no. As

26
00:01:25,560 --> 00:01:28,080
Speaker 1: a result, if you're a Booper member, you're going to

27
00:01:28,080 --> 00:01:29,880
Speaker 1: have to pay an extra fifty dollars per day or

28
00:01:29,920 --> 00:01:32,640
Speaker 1: one hundred dollars for an aver night stay from the

29
00:01:32,760 --> 00:01:36,480
Speaker 1: end of next month. Other private health insurers, including Medibank,

30
00:01:36,520 --> 00:01:41,759
Speaker 1: Private NIB and HCF have agreed to give Healthscope more money. Apparently.

31
00:01:42,120 --> 00:01:44,720
Speaker 2: Now there's about twelve million Australians with private health cover.

32
00:01:45,240 --> 00:01:48,840
Speaker 2: Just under half those are either with Booper or other

33
00:01:49,000 --> 00:01:52,040
Speaker 2: not for profit funds that are affected by this decision.

34
00:01:52,400 --> 00:01:54,680
Speaker 2: The Health Minister Mark Butler is due to release a

35
00:01:54,760 --> 00:01:59,559
Speaker 2: review into the private hospital sector anytime now. Storying number

36
00:01:59,600 --> 00:02:02,800
Speaker 2: three will maker blue Scope has lowered profit expectations for

37
00:02:02,840 --> 00:02:06,440
Speaker 2: the current half year due to challenging operating conditions. That

38
00:02:06,520 --> 00:02:08,280
Speaker 2: news set the share price much lower, but by the

39
00:02:08,360 --> 00:02:10,160
Speaker 2: end of the day it was only off half a percent.

40
00:02:10,840 --> 00:02:14,440
Speaker 2: Record levels of Chinese steel exports is hurting prices. In

41
00:02:14,480 --> 00:02:17,720
Speaker 2: East Asia, there's cost inflation and the US election has

42
00:02:17,760 --> 00:02:20,320
Speaker 2: slowed a demand from that country. Until a winner emerges,

43
00:02:20,400 --> 00:02:23,639
Speaker 2: that won't change, according to Blue Scope. Straight number four

44
00:02:23,680 --> 00:02:27,480
Speaker 2: online luxury retailer Setai said revenue jump twenty two percent

45
00:02:27,560 --> 00:02:30,360
Speaker 2: in September quarter, but that didn't prevent it share price

46
00:02:30,360 --> 00:02:34,880
Speaker 2: from falling fifteen percent. Basically didn't meet expectations. The pace

47
00:02:34,919 --> 00:02:38,440
Speaker 2: of growth wasn't up to what analysts thought. Still, the

48
00:02:38,480 --> 00:02:42,200
Speaker 2: company itself, its share price is up eighty percent since

49
00:02:42,200 --> 00:02:44,959
Speaker 2: its bottom in early September, though it is off thirty

50
00:02:44,960 --> 00:02:47,919
Speaker 2: five percent this year. The number of active customers that

51
00:02:48,000 --> 00:02:50,920
Speaker 2: satire raised forty three percent compared to a year earlier.

52
00:02:51,240 --> 00:02:55,360
Speaker 2: Revenue from repeat customers and average order values were also higher.

53
00:02:55,600 --> 00:02:58,480
Speaker 2: The founder and CEO D Mince said that underlying demand

54
00:02:58,520 --> 00:03:02,720
Speaker 2: for luxury will remain Brazilian and story number five. Game

55
00:03:02,760 --> 00:03:06,120
Speaker 2: two of Baseball's World Series had a bigger audience in

56
00:03:06,240 --> 00:03:10,800
Speaker 2: Japan than the US. In Japan, there were fifteen point

57
00:03:10,919 --> 00:03:14,840
Speaker 2: nine million viewers, about twelve percent of that nation, watching

58
00:03:15,120 --> 00:03:17,239
Speaker 2: Game two of the World Series. There was thirteen point

59
00:03:17,280 --> 00:03:20,600
Speaker 2: eight million in the US. Now the game is against

60
00:03:20,600 --> 00:03:24,080
Speaker 2: two American teams, the LA Dodgers and the New York Yankees. However,

61
00:03:24,200 --> 00:03:27,519
Speaker 2: the Dodgers have two Japanese players, a guy called Shoheiyatani.

62
00:03:27,919 --> 00:03:31,360
Speaker 2: He's worth about seven hundred million dollars over ten years.

63
00:03:31,639 --> 00:03:33,720
Speaker 2: That's what he's getting paid by the Dodgers, and another

64
00:03:33,760 --> 00:03:38,480
Speaker 2: fello a picture called Yoshinobu Yamamoto. Big stars in Japan,

65
00:03:38,680 --> 00:03:43,440
Speaker 2: hence the huge ratings in that country for we Yankees fans.

66
00:03:43,480 --> 00:03:46,200
Speaker 1: Not good news. The Yankees are down zero three as.

67
00:03:46,120 --> 00:03:48,400
Speaker 2: If the afternoon report for Tuesday, the twenty ninth of

68
00:03:48,400 --> 00:03:50,800
Speaker 2: October twenty twenty four. Don't forget to hit follow on

69
00:03:50,840 --> 00:03:54,000
Speaker 2: the podcast and find Fear and Greed and LinkedIn Instagram,

70
00:03:54,040 --> 00:03:56,960
Speaker 2: ex TikTok and Facebook. Join Michael Thompson and I Tomorrow

71
00:03:56,960 --> 00:03:59,000
Speaker 2: I'm morning for the Fast five by Fear and Greed,

72
00:03:59,040 --> 00:04:01,080
Speaker 2: the top five business as you need to know in

73
00:04:01,200 --> 00:04:01,960
Speaker 2: just five minutes.

74
00:04:02,080 --> 00:04:04,080
Speaker 1: I'm Sean Elmer. Enjoy your evening,