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

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Speaker 1: for Tuesday, the sixteenth of December twenty twenty five.

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Speaker 2: I'm Michael Thompson, and.

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

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Speaker 1: that you need to know about.

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Speaker 2: Story number one.

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Speaker 1: Floral tributes are growing at the site of the Bondai

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Speaker 1: terror attackers. Politicians and civilians lay flowers to remember the

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Speaker 1: fifteen innocent people killed in Sunday shooting. Former Prime Minister

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Speaker 1: John Howard and One Nation's Pauline Hanson and Barnaby Joyce

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Speaker 1: are among those who have been at the memorial today,

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Speaker 1: while Ahmad El Ahmed, the hero who tackled one of

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Speaker 1: the government has been visited in hospital this morning by

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Speaker 1: the Prime Minister and this afternoon by the Governor General.

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Speaker 1: A go fund me for Ahmed has now passed two

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Speaker 1: million dollars. Meanwhile, New South Wales Premier Chris Mins has

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Speaker 1: defended the actions of police who shot the Bondie attackers

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Speaker 1: at a heated press conference this afternoon, after reporters asked

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Speaker 1: multiple questions to the New South Wales Police Commissioner Lanyon

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Speaker 1: about whether police should have engaged the shooters earlier or

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Speaker 1: have done more to stop them. The Premier stepped in

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Speaker 1: to defend the officers, pointing out that they engaged the

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Speaker 1: gunman with handguns when the offenders had long range rifles,

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Speaker 1: and that they killed one of the men and stopped

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Speaker 1: the other one. He also said two officers were in

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Speaker 1: a critical condition in hospital and said, and I quote,

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Speaker 1: they weren't shot in the back as they were running away.

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Speaker 1: They were shot in the front. I'm sorry to be

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Speaker 1: graphic about it, but if there's any suggestion that New

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Speaker 1: South Wales police didn't live up to their responsibilities to

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Speaker 1: the people of this state, it should be rejected. On

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Speaker 1: de story number two now and a look at local markets.

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Speaker 1: The SMPA Sex two hundred closed zero point four percent

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Speaker 1: lower today to eighty five hundred and ninety nine points,

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Speaker 1: dragged down by tech and energy stocks. Monitoring app Life

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Speaker 1: three sixty slumped more than six percent today, while Wistech

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Speaker 1: and next DC were both off between two and three percent.

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Speaker 1: From the energy stocks, Woodside and Santos both closed about

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Speaker 1: two and a half percent lower. The best performer today

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Speaker 1: was Drone Shield. The drone tech company secured a fifty

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Speaker 1: million dollar contract in Europe and that sense at share

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Speaker 1: price up more than twenty three percent today, the banks

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Speaker 1: all lost a little ground, with Westpac the worst of

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Speaker 1: the bunch, down one point two percent. But while we're

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Speaker 1: talking about the banks, both National Australian Bank and Comwealth

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Speaker 1: Bank are now tipping a rate hike by the Reserve

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Speaker 1: Bank as soon as February, citing inflation pressures. They had

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Speaker 1: previously said that they expected no move at all next year.

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Speaker 1: Story number three. The new owners of Star Entertainment have

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Speaker 1: announced the departure of current CEO Steve McCann, with Bruce

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Speaker 1: Matheson Junior, the son of the group's second largest shareholder,

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Speaker 1: stepping in as executive chair. McCann, who is the highly

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Speaker 1: regarded former boss of lend Lease, oversaw Star through its

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Speaker 1: darkest hours, who will leave immediately, but will still be

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Speaker 1: available to help with government and regulatory issues until the

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Speaker 1: middle of next year, which could be handy as Star

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Speaker 1: is set to face a fine next year for previous

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Speaker 1: money laundering offenses, which could be as high as three

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Speaker 1: hundred million dollars. Bruce Matheson Junior said McCann joined at

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Speaker 1: a time of crisis for Star and has helped to

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Speaker 1: deliver a critical financial reset for the business and successfully

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Speaker 1: progressed the company's remediation plan. While there is still much

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Speaker 1: work to do, Star appears to have succeeded in remaining

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Speaker 1: a going concern, and at share price is up nearly

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Speaker 1: thirty percent in the past month. It was a high

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Speaker 1: pressure stint for McCann, but arguably a lucrative one. After

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Speaker 1: seventeen months, he leaves with around sixteen million dollars in

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Speaker 1: pay and cash bonuses. On to story number four and

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Speaker 1: a youth homelessness charity has been reprimanded. After cutting the

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Speaker 1: salaries of mail staff in an attempt to address gender

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Speaker 1: pay concerns, the Fair Work Commission found u turn unlawfully

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Speaker 1: repudiated the contracts of three long serving mail case managers

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Speaker 1: when it demoted them and cut their pay by about

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Speaker 1: ten thousand dollars a year. The cuts from after.

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Speaker 2: New recruits, who were all women and had been hired

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Speaker 2: at a lower level of the relevant award, complained that

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Speaker 2: they were being paid less than the existing mail staff,

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Speaker 2: but Commissioner Jennifer Hunt said the organization responded in the

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Speaker 2: wrong way. She said, one does not break the glass

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Speaker 2: ceiling by amputating the legs of the men above. The

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Speaker 2: commission found U Turn had previously grandfathered the men's higher pay,

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Speaker 2: it was not legally required to reduce it. The demotions

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Speaker 2: were ruled significant enough to amount determination, opening the door

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Speaker 2: to legal action and finally, sorry number five. President Donald

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Speaker 2: Trump has drawn bipartisan condemnation after making inflammatory remarks about

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Speaker 2: actor and director Rob Ryner following his death. In a

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Speaker 2: post on truth Social the President suggested Rhyiner's outspoken criticism

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Speaker 2: of him had contributed to his death, saying and I

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Speaker 2: quote he was known to have driven people crazy by

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Speaker 2: his raging obsession with President Donald J. Trump, and that

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Speaker 2: he had the mind crippling disease known as Trump Derangement syndrome.

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Speaker 2: Ryaner and his wife were found dead at their home

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Speaker 2: in Los Angeles on the weekend, with their son charged

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Speaker 2: over the killings. No motive has been established. Republicans and

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Speaker 2: Democrats alike have criticized Donald Trump's remarks, calling them inappropriate

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Speaker 2: and disrespectful. House Speaker Mike Johnson said it was time

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Speaker 2: to appeal to our better angels, while the Democrats described

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Speaker 2: the comments as heartless. When asked, Donald Trump doubled down,

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Speaker 2: saying he was not a rhina Fan.

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Speaker 1: And that's it for the Afternoon Report for Tuesday, the

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

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Speaker 1: head along to Fear and Greed dot com dot a

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Speaker 1: un to sign up for our free daily newsletter by

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Speaker 1: Michael Thompson.

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Speaker 2: Enjoy your reaping