Welcome to the Fear and Greed Business News Afternoon Report for Friday, the twenty second of November twenty twenty four. Michael Thompson. Every afternoon, we've got the five stories that happened today that you need to know about. So let's get cracking with story number one. Commonwealth Bank just keeps giving to investors, closing at a record high today of one hundred and fifty nine dollars and three cents. It is up more than fifty percent over the last year. That is quite incredible. The SMPA is sex two hundred finished the week at a new high as well, of eighty three hundred and ninety four points. It's up a pretty remarkable twenty percent in the last year. Now, it did look like it was going to close above eighty four hundred points for the first time ever, and watching the market as it was creeping towards four o'clock. Suddenly it dipped below. So we didn't quite make it this week, but you never know, next week could be something different. The story, though behind it all, is pretty much unchanged. The banks and tech stocks just keeps surging today, strengthening oil prices on concerns about Russia. And Ukraine exchanging missiles boosted Woodside, Santos and some of the coal companies. Bullion prices also rallied on the back of rising geopolitical tensions, pushing the gold miners higher. There's plenty of corporate news around today. The A two milk company serves as much as seventeen percent after lifting revenue guidance and announcing it would start paying dividends thanks to stronger than expected sales and higher dairy prices. Globally, Resolute Mining rose after its chief executive and two other employees were released by Maley's government. And software company Megaport was among the worst performers, despite reaffirming its earnings outlook for the financial year. Onto story number two now and wise Tech's billionaire founder, Richard White, front of the company's virtual AGM today saying he deeply regretted the impact recent media tension has had on people around him and on shareholders. His comments came as Wisetech Global downgrade at its annual revenue guidance, sending its share price down close to sixteen percent at one point throughout the day, before it finished down twelve point four percent. The chair of the company partially blamed the downgrade on the diversion of founder Richard White's attention. In the lead up to his exit from the company, he said, I need to say that the board is disappointed that the diversion of Richard White's atention away from product development at a critical juncture has impacted the timing of the release of some of the three breakthrough products. It's the end of the quote. Mister White resigned from Wistech's executive and board in late October following a string of allegations about his personal life. We've gone and to those in some detail throughout the course of fear and greed. He has moved into a consulting role reporting to the board with the title of Founder and founding CEO. He will maintain his one million dollar a year salary. Story number three three. Federal Treasurer Jim Chalmers says he is not concerned about Elon Musk's criticism of the Albanese government's planned social media ban for children under sixteen. His comments came after mister Musk, who of course owned social media site x and says he is a free speech libertarian, accused the government of surreptitiously trying to dominate the online lives of its citizens. He tweeted or xt I suppose seems like a backdoor way to control access to the Internet by all Australians. He was responding to Prime Minister Anthony Alberanzi's post heraldingly proposed changes to laws that will ban social media for under sixteen year olds that Chalmers said mister Musk's comments were quote entirely unsurprising, saying the government's job wasn't to please Elon Musk, but to place necessary protections for kids online. Onto story number four now and Foreign Minister Penny Wong has backed the International Criminal Court's decision to issue an arrest warrant for Israeli Prime Minister Benie netnia Who as an alleged war criminal. The warrant obliges the government to arrest netnya who should he set foot in Australia. The ICC overnight issued warrants for Netannia Who and Israel's former Defense minister, accusing them of war crimes and crimes against humanity over Israel's conduct in the war against terror group Hamas in Gaza, which has resulted in thousands of civilian casualties. Including starving the civilian population. According to the AFR, the court also issued a warrant for a senior Hamas official, one of the masterminds of last year's October seven terror attack that killed one thy two hundred people in southern Israel, saying there were reasonable grounds to believe that he was responsible for murder, torture, kidnappings, and rape and sexual violence. Israeli officials believe they killed the commander of Hamasa's military wing in a July airstrike, but Hamas has denied that he's dead, although they have not actually produced any evidence that he is in fact still alive and finally still R number five. US President elect Donald Trump has nominated Pam Bondie, not Bondie. It's written like Bondi. It's going to take some getting used to saying Bondie instead for Attorney General, just hours after Matt Gates, his initial pick, withdrew from consideration. For the role, the new attorney general will need to be confirmed by a majority of US senators. Bondi is a two term state attorney general from Florida. As she's seen it as a less controversial pick than Gates, who had limited legal experience. And was previously under investigation by the Department of Justice, which he would have run, for allegedly having a sexual relationship with an underage girl, while no charges were ever brought. He was also the subject of a long running congressional investigation into alleged sexual misconduct and drug use. The investigation was shelved when Gates resigned his congressional seat last week. According to The Financial Times, Gates has denied all allegations of wrongdoing. Bondi is a longtime Trump ally who was part of his legal defense team in his first impeachment trial and defended the president's elect's efforts to question the result of the twenty twenty election. That's it for the afternoon report for Friday, the twenty second of November twenty twenty four. Don't forget to hit follow on the podcast and find Fear and Greed on LinkedIn, Instagram, ex TikTok and Facebook. Join us tomorrow morning for the weekend edition of the Fast five Business News by Fear and Greed. I'm Michael Thompson. Enjoy your evening.

Welcome to the Fear and Greed Business News Afternoon Report for Friday, the twenty second of November twenty twenty four. Michael Thompson. Every afternoon, we've got the five stories that happened today that you need to know about. So let's get cracking with story number one. Commonwealth Bank just keeps giving to investors, closing at a record high today of one hundred and fifty nine dollars and three cents. It is up more than fifty percent over the last year. That is quite incredible. The SMPA is sex two hundred finished the week at a new high as well, of eighty three hundred and ninety four points. It's up a pretty remarkable twenty percent in the last year. Now, it did look like it was going to close above eighty four hundred points for the first time ever, and watching the market as it was creeping towards four o'clock. Suddenly it dipped below. So we didn't quite make it this week, but you never know, next week could be something different. The story, though behind it all, is pretty much unchanged. The banks and tech stocks just keeps surging today, strengthening oil prices on concerns about Russia. And Ukraine exchanging missiles boosted Woodside, Santos and some of the coal companies. Bullion prices also rallied on the back of rising geopolitical tensions, pushing the gold miners higher. There's plenty of corporate news around today. The A two milk company serves as much as seventeen percent after lifting revenue guidance and announcing it would start paying dividends thanks to stronger than expected sales and higher dairy prices. Globally, Resolute Mining rose after its chief executive and two other employees were released by Maley's government. And software company Megaport was among the worst performers, despite reaffirming its earnings outlook for the financial year. Onto story number two now and wise Tech's billionaire founder, Richard White, front of the company's virtual AGM today saying he deeply regretted the impact recent media tension has had on people around him and on shareholders. His comments came as Wisetech Global downgrade at its annual revenue guidance, sending its share price down close to sixteen percent at one point throughout the day, before it finished down twelve point four percent. The chair of the company partially blamed the downgrade on the diversion of founder Richard White's attention. In the lead up to his exit from the company, he said, I need to say that the board is disappointed that the diversion of Richard White's atention away from product development at a critical juncture has impacted the timing of the release of some of the three breakthrough products. It's the end of the quote. Mister White resigned from Wistech's executive and board in late October following a string of allegations about his personal life. We've gone and to those in some detail throughout the course of fear and greed. He has moved into a consulting role reporting to the board with the title of Founder and founding CEO. He will maintain his one million dollar a year salary. Story number three three. Federal Treasurer Jim Chalmers says he is not concerned about Elon Musk's criticism of the Albanese government's planned social media ban for children under sixteen. His comments came after mister Musk, who of course owned social media site x and says he is a free speech libertarian, accused the government of surreptitiously trying to dominate the online lives of its citizens. He tweeted or xt I suppose seems like a backdoor way to control access to the Internet by all Australians. He was responding to Prime Minister Anthony Alberanzi's post heraldingly proposed changes to laws that will ban social media for under sixteen year olds that Chalmers said mister Musk's comments were quote entirely unsurprising, saying the government's job wasn't to please Elon Musk, but to place necessary protections for kids online. Onto story number four now and Foreign Minister Penny Wong has backed the International Criminal Court's decision to issue an arrest warrant for Israeli Prime Minister Benie netnia Who as an alleged war criminal. The warrant obliges the government to arrest netnya who should he set foot in Australia. The ICC overnight issued warrants for Netannia Who and Israel's former Defense minister, accusing them of war crimes and crimes against humanity over Israel's conduct in the war against terror group Hamas in Gaza, which has resulted in thousands of civilian casualties. Including starving the civilian population. According to the AFR, the court also issued a warrant for a senior Hamas official, one of the masterminds of last year's October seven terror attack that killed one thy two hundred people in southern Israel, saying there were reasonable grounds to believe that he was responsible for murder, torture, kidnappings, and rape and sexual violence. Israeli officials believe they killed the commander of Hamasa's military wing in a July airstrike, but Hamas has denied that he's dead, although they have not actually produced any evidence that he is in fact still alive and finally still R number five. US President elect Donald Trump has nominated Pam Bondie, not Bondie. It's written like Bondi. It's going to take some getting used to saying Bondie instead for Attorney General, just hours after Matt Gates, his initial pick, withdrew from consideration. For the role, the new attorney general will need to be confirmed by a majority of US senators. Bondi is a two term state attorney general from Florida. As she's seen it as a less controversial pick than Gates, who had limited legal experience. And was previously under investigation by the Department of Justice, which he would have run, for allegedly having a sexual relationship with an underage girl, while no charges were ever brought. He was also the subject of a long running congressional investigation into alleged sexual misconduct and drug use. The investigation was shelved when Gates resigned his congressional seat last week. According to The Financial Times, Gates has denied all allegations of wrongdoing. Bondi is a longtime Trump ally who was part of his legal defense team in his first impeachment trial and defended the president's elect's efforts to question the result of the twenty twenty election. That's it for the afternoon report for Friday, the twenty second of November twenty twenty four. Don't forget to hit follow on the podcast and find Fear and Greed on LinkedIn, Instagram, ex TikTok and Facebook. Join us tomorrow morning for the weekend edition of the Fast five Business News by Fear and Greed. I'm Michael Thompson. Enjoy your evening.