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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Friday, the eleventh of October twenty twenty four. I'm sure, 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. Strot number one, there's

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Speaker 1: in PASX two hundred closed down just to touch today

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Speaker 1: to finish at eight two hundred and fifteen points for

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Speaker 1: the week, The Boss was up about zero point seven

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Speaker 1: percent today. The energy and utility sectors were among the

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Speaker 1: best and the materials among the worst, though it wasn't

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Speaker 1: a particularly busy day. The big banks were mixed. BHP

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Speaker 1: and fortes qu Metals Group were both down around one percent.

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Speaker 1: Wisetech Global was off one point seven percent, while zero

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Speaker 1: finished more than one percent higher. Story at number two.

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Speaker 1: Foreign Minister Penny Wong say's less than half a billion

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Speaker 1: dollars worth of trade impediments remain after a deal was

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Speaker 1: sealed with China to create a timetable to allow the

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Speaker 1: full resumption of Australian live rock lobstock exports by the

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Speaker 1: end of this year. Senator Wong said the rock lobster

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Speaker 1: trade was worth seven hundred million dollars when the industry

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Speaker 1: was shut down in twenty twenty. China halted what lobster

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Speaker 1: inports in twenty twenty after Australia called for a review

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Speaker 1: of China's role in the origins of COVID nineteen, but

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Speaker 1: claimed it was due to biosecurity concerns held by the Chinese. Now,

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Speaker 1: Trade Minister Don Farrell today said the government had resolved

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Speaker 1: all the biosecurity issues surrounding lobster inports. Meanwhile, Senat Wang

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Speaker 1: set a flight scheduled to leave Lebanon on Sunday. That's

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Speaker 1: this Sunday, the thinth of October, will be the last

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Speaker 1: taxpayer funded plane to leave the country, and she encouraged

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Speaker 1: Australian citizens and residents to leave Lebanon. Story number three.

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Speaker 1: Hotter than expected infation data and a jump in jobless

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Speaker 1: claims in the United States has fanned concerns about the

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Speaker 1: US economy slowing down while price rises remain high, pushing

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Speaker 1: investors to save haven assets like gold. The price of

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Speaker 1: the precious metal jumped to twenty six hundred and thirty

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Speaker 1: three US dollars an ounce overnight that helped a bunch

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Speaker 1: of gold miners on the ax, including Regi's Resources Capricorn

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Speaker 1: Metals into Gray Mining. Bud remains high, trading around seventy

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Speaker 1: nine at US dollars a barrel, while the Aussie dollar

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Speaker 1: is lower heading into the weekend, buying sixty seven point

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Speaker 1: four US sinse. Austraightum A four billionaire. Wistech founder Richard

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Speaker 1: White has offloaded around sixty million dollars in shares, and

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Speaker 1: the logistics software provider The Tech Group CEO sold four

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Speaker 1: hundred and sixty one thousand, eight hundred and ninety one

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Speaker 1: chares at around one hundred and thirty two dollars apiece,

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Speaker 1: which is close to their all time high. Mister White

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Speaker 1: has frequently sold out his stake in the company, last

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Speaker 1: month selling forty six million dollars worth of shares. Another

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Speaker 1: quirky aside from the market. Today, Seven Group Holdings is

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Speaker 1: changing its registered company name to SGH Limited. Chief Executive

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Speaker 1: Ryan Stokes said Seven has evolved into one of Australia's

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Speaker 1: leading industrial focus, diversified operating companies and the rebrand better

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Speaker 1: aligns the company with its core operations, which is another

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Speaker 1: way of saying the company is much bigger than the

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Speaker 1: TV station and the name needs to reflect that and

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Speaker 1: story number five. Lebanon's at United Nations ambassador is calling

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Speaker 1: for an immediate ceasefire, but Israel's envoys says its military

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Speaker 1: operation will continue until hesblask control of the south of

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Speaker 1: the country is dismantled and it can't attack Israeli's across

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Speaker 1: the border. Lebanon Ambassador Hardi Hutcham told an emergency meeting

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Speaker 1: of the Security Council called by France that Israel's bombings

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Speaker 1: and invasion won't provide security, safety instability for its people.

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Speaker 1: Hutcham said Lebanon is fully committed to the French American

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Speaker 1: initiative for a twenty one day ceasefire during which they

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Speaker 1: can settle outstanding border issues. According to Associated Press, He

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Speaker 1: accused Israel of agreeing to the initiative before reneging on

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Speaker 1: it and escalating its aggression. Israel's UN ambassador Danny Dennen

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Speaker 1: told the council that Israeli soldiers in the field will

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Speaker 1: degrade Hesbela's capabilities, remove their ability to launch a tax

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Speaker 1: against our people, and diminished the terror network that stretches

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Speaker 1: across the south of Lebanon. That's it. If the afternoon

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Speaker 1: report for five day, the eleventh of October twenty twenty four.

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Speaker 1: Don't you get follow on the podcast and find Fear

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Speaker 1: and Greed LinkedIn Instagram, ex TikTok and Facebook. Join Michael

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Speaker 1: Thompson and I tomorrow morning for a Weekend Past five

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Speaker 1: by Fear and Grief. I'm Sean Elmer. Enjoy your evening.