Welcome to the Fear and Greed Business News Afternoon Report for Thursday, the fifth of December twenty twenty four. I'm Sean Elmer. Every afternoon, we've got the five stories that happened today that you need to know about. Strohum one. The S and PASX two hundred closed up just touch today zero point one percent to eight four seventy five points. The tech stocks and consumer discretionary companies did best. The real estate investment trusts were among the worst on the day. Promedicus was up again, Weiss Tech Global, Transurban Colds they all had good days, so too Northern Star and South thirty two. The big minu worst was Goodwin Group, Santos and Woodside, BHP and James Hardy. The other big news in markets today Bitcoin pushed through one hundred thousand US dollars a unit that's on the back of Donald Trump appointing a crypto fan to be the regulate them. The Aussie dollar end of the day down at sixty four point three US cents. Story number two. Rio Tinto is un pressure to unify its dual listing structure, offering shares only in Australia. Although Boss Jakubstouse Home is against the idea. At the moment you can buy Rio shares on the British end Australian markets. BHP used to be the same, though it dropped its dual listing structure and went all in on the ASX back in early twenty twenty two. That boosted its market cap, making it then the biggest company on the moors. Some shareholders think Rio should do the same now. About seventy five seventy seven percent of shares in Rail are traded in the UK, about twenty three percent of thereabouts in Australia. Rio argues that the dualisting reflects what the miner is, part British, part Australian. The Australian shares actually traded a slight premium because you get tax benefits if you buy Rio shares and live in this country. Mister Stout's Home today hinted at issuing more Aussie shares to fix the imbalance. That's actually the opposite of dropping the duel listing. The comments came out and invested briefing Rio's forecast a big jump in copper output over the next twelve months or so to offset reliance on iron Or share price initially fell before recovering to closed flat straight up A three treasure. Jim Chalmers has left open the prospect of labor expanding the definition of a small business from fifteen to twenty five employees, a change that would exempt more companies from onerous workplace relations laws but would definitely angle the union movement. Dr Chalmers was responding to a joint push by Teal MPs to broaden the definition, and move backed by the Australian Chamber of Commerce and Industry, Australian Industry Group and the Council of Small Business Organizations Australia. According to the AFR, in a joint letter to Workplace Relations Minister Murray What last month, the eight lower House tel MPs argued that businesses with fewer than twenty five employees which could include casuals, should not be subject to the same workplace rules as major corporations. It would exempt about forty six thousand, five hundred businesses, or about five percent of all employers, from Fair Work Act rules such as unfair dismissile provisions and having to pay union delegates to take time off for training. Would also delay right to disconnect rules coming into force, move those businesses from multi employer bargaining, and reduce red tape requirements straight number for US National Security Advisor Jake Sullivan has championed UCUS as one of the most ambitious defense projects in modern history and the lynchpin of US efforts to build an integrated defense industrial base for the free world. Mister Sullivan promoted ORCAST as one of the outstanding achievements of the Biden administration and a key piece of America's global strategy to deter future conflicts in an area of growing strategic uncertainty. According to report in The Australian and a message to Donald Trump, mister Sullivan said it was imperative to strengthen the US defense industrial base to ter threats in Europe, the Middle East, and the Indo Pacific, arising from greater cooperation between China, Russia and North Korea and Iran. This would require not just more investment, but smarter investment, production, innovation, and integration with allies. He urged the incoming administration to accelerate the production of critical munitions, vital air defense capabilities, and autonomous systems, while pursuing major acquisition reform At the Department of Defense and Final Australi Number five. The French government has collapsed after Prime Minister Michael Barnier was removed after a no confidence vote. He was only appointed by President Emmanuel mccron three months ago. Mister Barnier has been under fire since he used special powers to force through a budget without a vote. Now, the budget included big tax increases in spending cuts. The far right teamed up with the leftist block in parliament to vote the prime minister out. That's the first time it's happened in more than sixty years. Mister mccron now needs to find another PM. The French Parliament is divided into three blocks, none of which have a majority. And a quick update of the crisis in South Korea. President Yune has sacked his Defense minister, who yesterday he blamed for suggesting martial law in the country, even though he was the one that declared it plenty to play out on that one. That's It's the Afternoon Report for Thursday, the fifth of December twenty twenty four. Make sure you follow on the podcast and we'll be back tomorrow morning with a Friday edition of Beer and Greed. Business News I'm Sean Elmer. Enjoy your evening,

Welcome to the Fear and Greed Business News Afternoon Report for Thursday, the fifth of December twenty twenty four. I'm Sean Elmer. Every afternoon, we've got the five stories that happened today that you need to know about. Strohum one. The S and PASX two hundred closed up just touch today zero point one percent to eight four seventy five points. The tech stocks and consumer discretionary companies did best. The real estate investment trusts were among the worst on the day. Promedicus was up again, Weiss Tech Global, Transurban Colds they all had good days, so too Northern Star and South thirty two. The big minu worst was Goodwin Group, Santos and Woodside, BHP and James Hardy. The other big news in markets today Bitcoin pushed through one hundred thousand US dollars a unit that's on the back of Donald Trump appointing a crypto fan to be the regulate them. The Aussie dollar end of the day down at sixty four point three US cents. Story number two. Rio Tinto is un pressure to unify its dual listing structure, offering shares only in Australia. Although Boss Jakubstouse Home is against the idea. At the moment you can buy Rio shares on the British end Australian markets. BHP used to be the same, though it dropped its dual listing structure and went all in on the ASX back in early twenty twenty two. That boosted its market cap, making it then the biggest company on the moors. Some shareholders think Rio should do the same now. About seventy five seventy seven percent of shares in Rail are traded in the UK, about twenty three percent of thereabouts in Australia. Rio argues that the dualisting reflects what the miner is, part British, part Australian. The Australian shares actually traded a slight premium because you get tax benefits if you buy Rio shares and live in this country. Mister Stout's Home today hinted at issuing more Aussie shares to fix the imbalance. That's actually the opposite of dropping the duel listing. The comments came out and invested briefing Rio's forecast a big jump in copper output over the next twelve months or so to offset reliance on iron Or share price initially fell before recovering to closed flat straight up A three treasure. Jim Chalmers has left open the prospect of labor expanding the definition of a small business from fifteen to twenty five employees, a change that would exempt more companies from onerous workplace relations laws but would definitely angle the union movement. Dr Chalmers was responding to a joint push by Teal MPs to broaden the definition, and move backed by the Australian Chamber of Commerce and Industry, Australian Industry Group and the Council of Small Business Organizations Australia. According to the AFR, in a joint letter to Workplace Relations Minister Murray What last month, the eight lower House tel MPs argued that businesses with fewer than twenty five employees which could include casuals, should not be subject to the same workplace rules as major corporations. It would exempt about forty six thousand, five hundred businesses, or about five percent of all employers, from Fair Work Act rules such as unfair dismissile provisions and having to pay union delegates to take time off for training. Would also delay right to disconnect rules coming into force, move those businesses from multi employer bargaining, and reduce red tape requirements straight number for US National Security Advisor Jake Sullivan has championed UCUS as one of the most ambitious defense projects in modern history and the lynchpin of US efforts to build an integrated defense industrial base for the free world. Mister Sullivan promoted ORCAST as one of the outstanding achievements of the Biden administration and a key piece of America's global strategy to deter future conflicts in an area of growing strategic uncertainty. According to report in The Australian and a message to Donald Trump, mister Sullivan said it was imperative to strengthen the US defense industrial base to ter threats in Europe, the Middle East, and the Indo Pacific, arising from greater cooperation between China, Russia and North Korea and Iran. This would require not just more investment, but smarter investment, production, innovation, and integration with allies. He urged the incoming administration to accelerate the production of critical munitions, vital air defense capabilities, and autonomous systems, while pursuing major acquisition reform At the Department of Defense and Final Australi Number five. The French government has collapsed after Prime Minister Michael Barnier was removed after a no confidence vote. He was only appointed by President Emmanuel mccron three months ago. Mister Barnier has been under fire since he used special powers to force through a budget without a vote. Now, the budget included big tax increases in spending cuts. The far right teamed up with the leftist block in parliament to vote the prime minister out. That's the first time it's happened in more than sixty years. Mister mccron now needs to find another PM. The French Parliament is divided into three blocks, none of which have a majority. And a quick update of the crisis in South Korea. President Yune has sacked his Defense minister, who yesterday he blamed for suggesting martial law in the country, even though he was the one that declared it plenty to play out on that one. That's It's the Afternoon Report for Thursday, the fifth of December twenty twenty four. Make sure you follow on the podcast and we'll be back tomorrow morning with a Friday edition of Beer and Greed. Business News I'm Sean Elmer. Enjoy your evening,